Phoenix | The Whitney | 2** FT | 24 Floors

[ASU Diablo]

Time to get this new thread started as it has officially broken ground!

https://eu.azcentral.com/story/news/loca...y-central-phoenix-high-rise/90465662007/

A 24-story mixed-use development that will bring both apartments and retail to Central Avenue and McDowell Road has begun construction.

The development, called the Whitney, is led by Scottsdale-based Aspirant Development, the development arm of Empire Group. The project will include 328 luxury apartment units and 22,000 square feet of ground-floor commercial space, designed for restaurants or stores. About 4,500 square feet of retail space will be at the base of the tower, with the rest to the west of the tower along McDowell Road, Geoffrey Jacobs, managing partner of Aspirant Development, said in an April interview.

The developer closed on a $131.2 million financing package with loans from Axos Bank, Lionheart Strategic Management and Schroders Capital.

“The Whitney represents our continued investment in thoughtful, high-density development that enhances Phoenix’s urban core while remaining deeply connected to its surrounding neighborhoods,” Jacobs said in a statement. “This project reflects Aspirant’s vision of delivering elevated residential experiences in locations that support long-term livability, connectivity and community.” Scottsdale-based Diversified Partners will serve as the leasing brokers for the retail and restaurant portion of the project. “The Whitney is designed to meet the growing demand for high-quality retail and restaurant space in the heart of Central Phoenix,” Marti Weinstein, partner of Diversified Partners, said in a statement. “We’re creating a dynamic, mixed-use destination that puts tenants in front of a built-in customer base while offering the visibility, accessibility and energy today’s operators need to succeed.”

Construction on the project will take about two years.

[az_daniel]

Man am I excited for this one. This is the first ground up highrise north of I-10 built in my lifetime!

[martino4488]

While I am excited for a new highrise north of I-10, I am less excited about its uninspiring rectangular design..... Value engineering again!

[ASUSunDevil]

Originally Posted by martino4488

While I am excited for a new highrise north of I-10, I am less excited about its uninspiring rectangular design..... Value engineering again!

At least it isn't stucco! Hell of a lot better than a 5-over-1 apartment complex fronting Central...

[builder03]

Site work in progress.

[combusean]

Originally Posted by ASUSunDevil

At least it isn't stucco! Hell of a lot better than a 5-over-1 apartment complex fronting Central...

Yeah, especially considering this is quite the gap filler too and there's not a lot of places you can build tall between Roosevelt and Palm.

[nickw252]

The AZ Republic posted an article about this project but I can’t read it because it’s paywalled.

https://www.azcentral.com/story/news/loc...x61d--47--b--47--&gca-ft=10&gca-ds=sophi

[PHXLuv]

Originally Posted by nickw252

The AZ Republic posted an article about this project but I can’t read it because it’s paywalled.

https://www.azcentral.com/story/news/loc...x61d--47--b--47--&gca-ft=10&gca-ds=sophi

Check out this article from azcentral:

What that heavy equipment at prime Phoenix intersection is building

https://www.azcentral.com/story/news/loc...onstruction-central-phoenix/90684623007/

[TllrSkyline-01]

Saw this morning from EB I-10 - tower crane going up?

[TJPHXskyscraperfan]

I wonder if there might be two cranes? I feel like the retail along McDowell should of at least had a couple of levels of apartments above.

[TllrSkyline-01]

Originally Posted by TJPHXskyscraperfan

I wonder if there might be two cranes? I feel like the retail along McDowell should of at least had a couple of levels of apartments above.

You may be right...drove by tonight...this crane is on the southeast corner of the site...so its possible a 2nd crane may be needed at the other side along McDowell.

[nickw252]

The tower crane was going up this morning. This is from the 7th street off-ramp from the 10 looking west.

[martino4488]

Is there any construction cams for this one?

[TJPHXskyscraperfan]

The crane looks good driving toward the tunnel, the tower is going to look great from the I 10!!!!

[PHXLuv]

Initially, wasn’t there a proposed grocer as part of this development like an Aldi or Trader Joe’s? I remember this being discussed..