Redevelopment Plans For Iconic Phoenix Office Complex

Photo Credit: roselawgroupreporter.com

If you have spent any time in mid-town Phoenix, you know there is one building that doesn’t look like the rest of them.

The mildly famous mid-century office building, known as the Punch Card building that sits on the corner of Central and Osborn in Phoenix will soon become part of a mixed-use campus with new housing, amenities and an outdoor park for the community to enjoy.

Formerly known as the Phoenix Financial Center, the unique building was developed in the 1960s by Phoenix real estate developer David H. Murdock and designed by W.A. Sarmiento.

Sarmiento was a renowned Peruvian architect who was famous for his modern bank designs across the U.S. and studied under Brazilian architect Oscar Neimeyer.

The 18-story office tower, as well as the two, 18,000-square-foot rotundas, or round buildings will all encompass the overhaul. The largest addition to the property include a $100 million class A multifamily complex with 335 units totaling 400,000 square feet built over two subterranean parking lots on the east side of the office tower.

Development is set to begin soon.