CityScape, jointly developed by RED Development, LLC and Barron Colliers Company, is a multi-use development at the core of Downtown Phoenix. The multi-use development will become a focal point for urban living and community activity.
CityScape encompasses two lineal blocks in the Copper Square district of downtown Phoenix, Arizona. The boundaries are: Central Avenue to the west, N. 2nd Street to the east, Washington Street to the north, and Jefferson Street to the south. The project is adjacent to the US Airways Center and within two blocks of Chase Field. The Light Rail Transit System (LRT) runs by the project with two nearby rail stations, providing convenient access.
RED Development, LLC is the master developer for the CityScape project and has a strategic development alliance with the Barron Collier Company, which owns the eastern-most block of the project. Overall project design is being led by Callison Architecture, Inc. Cardon Development Group is RED Development’s joint venture partner.
Project plans call for four towers that include a mix of office and residential, plus up to 200,000 square feet of retail, dining and entertainment. The retail mix will include specialty retail such as apparel and home furnishings; neighborhood retail like a specialty grocer and service uses; local and national restaurants; and entertainment venues.
At the core of Phoenix’s downtown revitalization, this fully integrated project has the potential to appeal to all walks of life. Unlike traditional shopping centers, the proposed downtown project appeals to many market segments and will appeal to residents throughout Phoenix. The growing downtown population will be served by this development, as well as office workers, ASU students, visitors to the existing sporting and cultural venues, convention participants and tourists.
CityScape is the working project name for this new multi-use development. A final project name will be introduced at a future date when more project details have been finalized.
While plenty of details remain to be worked out, including a taxpayers' subsidy, the project calls for four high-rise towers up to 500 feet, 1,200 residential condominium units and 100,000 square feet for a public plaza. It would take at least five years to build.
If successful, the 2.5 million square-foot project would be the largest infusion of private dollars in downtown.
Currently, the biggest downtown capital project is the publicly financed convention center, which is being renovated for $600 million.
This project will feature: • About 245,000 square feet of retail/commercial development. • A 150-room boutique hotel. • About 800,000 square feet of new office space.
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Edited by loftguy, 19 May 2006 - 03:09 AM.
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