Construction Underway on $300M Development in Phoenix
There is a new development coming to the Upper Middle.
Construction is officially underway on a $300 million multiuse development in Phoenix.
The new development located at 44th Street and Camelback Road, will be called The Grove, and will include a variety of facilities including office space and restaurants as well as the first hotel from Sam Fox, CEO and owner of Fox Restaurant Concepts.
In addition to the retail, office and restaurant spaces in the 15-acre development, The Grove will also house a new Phoenix Suns and Mercury private training facility.
“Between RED, Sam Fox and the Phoenix Suns and Phoenix Mercury, The Grove is being thoughtfully designed and created by local companies with proven track records for building exceptional developments,” Mike Ebert, managing partner at RED Development, said in the release.
“On the office front, The Grove will feature the first new Class AA office campus in the area in close to 20 years. In the coming weeks, we’ll be announcing the first office tenants, which are currently set to surpass state records for price-per-square-foot leasing rates.”
A new community by StreetLights Residential will feature 58 two- and three- bedroom luxury apartment homes for families seeking luxury living in the Camelback area.
The Grove is anticipated to open in fall 2023.
Click here for a tour of The Grove