Arizona Center Development

[biggus diggus]

It brings up an interesting question:

What do you do if you're Arizona Center? With office, retail and dining all in the tank how do they utilize the space in any way that's profitable. In recent years they began renting the grassy areas and fountain space for events but that's off the table for at least a few more months.

200 apartments on property isn't going to change much on the retail/dining front. It's not the silver bullet. Even if two people live in every unit that's not going to save the mall, especially when there are no conventions. I'd be looking for a tenant who needs a lot of space for a call center or support services and get them in at a discount rate. Stop the bleeding. Will be interesting to see how they decide to position themselves.