Park Central’s comeback from near oblivion has taken some major steps recently. Plaza Companies and Tucson’s Holualoa Companies have teamed up to redevelop Park Central into a go-to destination, once the city’s first official large-scale shopping mall. The companies have transitioned the expansive space from a retail center to an almost 500,000-square-foot community hub ideal for playing, working, congregating and celebrating the arts. Some recent highlights include:
• Construction is more than halfway complete on the new dual-branded hotel building, home to both Home2 Suites and Tru by Hilton. The new five-story hotel is on track to be completed in Fall 2024.
• EoS Fitness, a leader in the fitness industry, is opening its new 42,500-square-foot facility in Park Central’s Goldwater Building to open by the end of the year.
• As part of its emphasis on attracting healthcare leaders, Barrow Neurological Institute is developing an innovative new 10,000-square-foot dry laboratory at Park Central that will further establish Phoenix as a destination center for medical discovery.
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
Read MoreConnect CREPark Central’s comeback from near oblivion has taken some major steps recently. Plaza Companies and Tucson’s Holualoa Companies have teamed up to redevelop Park Central into a go-to destination, once the city’s first official large-scale shopping mall. The companies have transitioned the expansive space from a retail center to an almost 500,000-square-foot community hub ideal …
The post Park Central’s Redo Underway appeared first on Connect CRE.