Phoenix Planning Commission to Discuss Midtown High-rise Thursday

Article originally posted on Phoenix Business Journal on November 7, 2019

The Phoenix Planning Commission will discuss a planned mixed-use development proposed at Central Avenue and Thomas Road at its meeting Thursday evening.

The building, proposed by Pederson Group Inc., will include ground-floor restaurants and retail, and the upper floors will either be office, apartments or a mix of the two, said Jim Pederson, founder of Pederson Group. The project likely will be a joint venture between Pederson, which usually specializes in retail construction, and a developer specializing in high-rises.

Pederson has owned the land since 2001, but billboard easements limited the property’s development potential. Pederson said the company was able to reach an agreement with Clear Channel Outdoor Holdings Inc., which will incorporate the billboards into the parking structure of the building.

Find the Complete Article Here: https://www.bizjournals.com/phoenix/news/2019/11/07/phoenix-planning-commission-to-discuss-midtown.html?ana=e_ae_set1&j=90188391&t=Afternoon&mkt_tok=eyJpIjoiT1dWaU5UZzFObU0yTlRnNCIsInQiOiJicjRsRlFjQXVMOFF2cG5SNHoyTWpZK21vRFhxbFJSNDNEOWgwYnM0V01sdWREb0ZKejZkMEFCYVU5YWQ3YlRVbVlmeE9HTExTMHZjcjI0MW9xclU5dWRyNUdYcUtyc2w0cFwvVHdIZXFnaVZKZ29mdHp4b1Z2XC9yU3A0RW01OEhvIn0%3D

An artist's rendering shows the planned high-rise on Central Avenue and Thomas Road.

An artist’s rendering shows the planned high-rise on Central Avenue and Thomas Road.

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