Owner Proposes Apartments to Spearhead Christown Mall Revitalization Project

Article originally posted on Phoenix Business Journal on March 16, 2023

Jericho, New York-based Kimco Realty Corp. has submitted plans for a multifamily complex as one of the first redevelopment efforts for the Christown Spectrum mall, which was the oldest operating indoor mall in Phoenix.

Kimco (NYSE: KIM), which acquired Christown for $115 million in 2015, is planning to build a new apartment complex with 760 units on the northwest corner of 15th and Montebello avenues as part of its decades-long plan to revitalize and build out the shopping center.

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