Chicago Developer to Start Work on High-Profile Apartment Project in Downtown Phoenix

Article originally posted on Phoenix Business Journal on May 15, 2019

Property Markets Group Inc. is set to begin work this week on a 19-story apartment tower in downtown Phoenix that will include retail and office space.

Plans include an 8,000-square-foot gym, 4,500-square-foot coworking space and 50,000-square-foot outdoor pool deck. In addition, a 30-foot indoor/outdoor amphitheater space will be built for public art performances and concerts. The project is located on a 2-acre site bounded by Second and Third avenues and Van Buren and Monroe streets.

The groundbreaking for the project, dubbed X Phoenix, is scheduled for May 15. When the Business Journal broke the news about the project in March, details and total costs had not been finalized.

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