Empire Group Sells The Stewart in Downtown, Gears up to Build Arizona’s Tallest Tower

Article originally posted on Phoenix Business Journal on September 16, 2021

A division of The Empire Group of Cos. just sold a luxury apartment community it built in downtown Phoenix, as the Scottsdale developer gears up to begin construction on what will become Arizona’s tallest tower a few blocks away.

New York Life Real Estate Investors paid $125.5 million in cash to Aspirant Development for The Stewart Apartments, 800 N. Central Ave., Phoenix, which Empire Group built in 2018, according to Tempe-based Vizzda LLC real estate database.

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