New downtown Phoenix hotel could go vertical this fall

Vertical construction is inching closer for downtown Phoenix's next major hotel — called The Edith.

BY AUDREY JENSEN/PHOENIX BUSINESS JOURNAL

Sep 1, 2024, 5:00 AM

The Edith hotel will be built 17 stories high on a lot just north of One North Central building in downtown Phoenix. (Jim Poulin/Phoenix Business Journal)

(Jim Poulin/Phoenix Business Journal)

Vertical construction is inching closer for downtown Phoenix’s next major hotel — called The Edith.

The $140 million high-rise project will total 180,000 square feet across 17 stories and 236 rooms, as well as 23,000 square feet of meeting space, a fitness center and spa, a ground-floor cafe and restaurant and a rooftop pool and bar. The Business Journal first reported on the proposed hotel in 2023, when high-profile Valley developer Sunbelt Holdings was linked to the project.

The Edith will be developed on a former parking lot adjacent to the One North Central Building, formerly called the Phelps Dodge Building, and the Hanny’s building.

The hotel obtained a key building permit from the city of Phoenix in July that was valued at $110 million and is set to expire in July 2026.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.