Developer Plans to Rework Office Building Near Metrocenter in Phoenix Into Multifamily

Article originally posted on Phoenix Business Journal on March 31, 2023

Tampa, Florida-based Cedar Grove Group is planning to transform an office building into new apartments a couple miles east of the former Metrocenter mall in Phoenix.

The three-story office building is located at 8900 N. 22nd Ave. along the new Valley Metro light rail extension, which will connect across Interstate 17 to the Metrocenter redevelopment mixed-use project, the Village. It’s also in an Opportunity Zone, or an economically distressed area that offers incentives for developers investing in the property.

Find The Complete Article Here: https://www.bizjournals.com/phoenix/news/2023/03/29/office-phoenix-metrocenter-multifamily.html