Phoenix’s skyline-changing Astra project pushed back amid financing delay

The developer of a $650 million project to build Arizona’s tallest tower won’t break ground in 2025, after all.

Originally projected to break ground during the second quarter, the project is getting pushed back to potentially break ground in downtown Phoenix by the back half of 2026.

Aspirant Development, developer of the Astra, is still working on finalizing financing, a spokeswoman for the Scottsdale-based developer confirmed to the Business Journal.

The project is expected to be built on 2.18 acres on Second Avenue between Van Buren and Fillmore streets in downtown Phoenix. It is slated to include a 44-floor residential tower that will be 541 feet tall, surpassing the 483-foot former Chase Tower as the largest in Phoenix. An adjacent tower will span 34 floors and rise 424 feet.

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

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