Major Office Redevelopment Nearing Completion at Park Central

Article originally posted on Phoenix Business Journal on March 3, 2020

The latest phase of Park Central Mall to convert a former department store into an office building is wrapping up at the midtown development, focusing on one of the largest buildings on the site.

The renovation of what is called the Burgbacher building on the northernmost side of the former mall will create a floor plate of up to 80,000 square feet and includes adding floor-to-ceiling glass walls to bring natural light into the second-floor space.

“It dramatically changed the look of the building,” said Sharon Harper, chairwoman and CEO of Plaza Cos., the site’s co-developer. “In some regard when we acquired the building, it all faced in a different direction, this connected the building into the area that made Park Central so exciting.”

Tucson-based Holualoa Cos. is the project’s other co-developer.

“These types of spaces are rare in the downtown and midtown area, and we’re confident that once it has received the same kind of thoughtful redesign we’ve done on the rest of the project, it will become very attractive to potential tenants,” said Stan Shafer, COO of Holualoa, in a statement.

The mall’s redevelopment and the additional new building on the property — including the Creighton University health sciences campus, a nine-story apartment complex and a 2,000-space parking garage under construction — represent about $250 million in investment in the site, a total that will grow as new development continues, Harper said.

A dual-branded Home2 Suites and Tru by Hilton hotel also will be constructed on the northeast corner of the property. That project is now slated to get underway in October.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2020/03/03/major-office-redevelopment-nearing-completion-at.html?iana=hpmvp_phx_news_headline

An artist's rendering shows the renovated Burgbacher building at Park Central Mall.

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