A New Real Estate Trend? Developer Proposes Turning Phoenix Movie Theater Into Apartments

Article originally posted on Phoenix Business Journal on September 10, 2021
A plan to redevelop a Harkins Theatres location in north Phoenix could spark yet another new trend — repurposing outdated retail real estate to meet changing market demand.

Developer Wolff Co. hopes to raze the North Valley 16 movie theater and redevelop the site into apartments. Jason Morris, partner at Withey Morris and zoning attorney for the redevelopment project, said the site is no longer desirable as an entertainment use, but was very attractive to different apartment developers.

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