New York developer plans $100M apartment tower in downtown Phoenix Warehouse District

Article originally posted on Phoenix Business Journal on October 28, 2025

New York-based Gallium LLC is working to develop a $100 million luxury apartment tower in the Warehouse District of downtown Phoenix.

The seven-story building at 602 E. Grant Street would be built near the new Phoenix Suns headquarters and Phoenix Mercury training facility, across the street from Arizona State University School of Art’s Grant Street Studios.

While Gallium has been developing commercial projects in metro Phoenix for years, this will be its first multifamily project, said Jaf Glazer, managing director of Gallium LLC.

The 2.34-acre parcel is within a federally designated opportunity zone, where investors can invest in this project, hold it for 10 years and defer capital gains taxes.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2025/10/28/gallium-plans-luxury-apartment-tower-downtown.html