Developer Targets Tech Tenants for New Midtown Phoenix Office Project

Article originally posted on Phoenix Business Journal on March 2, 2020

The developer of the planned Central Park mixed-use project to be built near Steele Indian School Park is beginning to market the office development’s first phase to potential tenants.

“We kicked off our broker event about a month and a half ago,” Richard Garner, chief operating officer of project developer Pivotal Group Inc. told the Business Journal. “We’ve met with a lot of tenant rep brokers and it has been really well received.”

Garner said Pivotal Group is still working with the city on some final plans for the project, which will include six towers and 2.3 million square feet of space. Once plans are approved, groundbreaking will depend on tenant commitments.

In total, the project will include two office towers totaling 850,000 square feet, 650 total residential units in three towers, a 200-room hotel and 120,000 square feet of restaurant and retail space. The main courtyard will feature an outdoor amphitheater that can accommodate about 1,000 people for outdoor events, Garner said.

“We engaged a world-class architect, who is more of an artist, to put in an art structure that will also act as an amphitheater,” Garner said.

Gensler is the architect for the project.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2020/03/01/developer-targets-tech-tenants-for-new-midtown.html?iana=hpmvp_phx_news_headline

An artist's rendering shows the planned Central Park development proposed next to Steele Indian School Park.
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