Historic downtown buildings to be demolished, new HQ in the works

Phoenix’s Historic Preservation Committee approves of a project to demolish structures at the city's original downtown warehouse district.

BY HAILEY MENSIK/PHOENIX BUSINESS JOURNAL

Jan 17, 2026, 5:00 AM

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Some of the few remaining structures from Phoenix’s original downtown warehouse district could soon be demolished and repurposed for a high-end corporate headquarters housing Bonafide Beef – an Arizona-based Wagyu beef ranching company.

On Jan 12, Phoenix’s Historic Preservation Committee recommended approval for a rezoning request for a 0.57-acre site at the northeast corner of Central Avenue and Jackson Street.

The property is home to three structures that are rare remaining examples of low-rise former retail and restaurant buildings and an industrial warehouse built in the area between 1900 to 1945, according to a staff report. Those buildings, located at 10 E. Jackson Street, are adjacent to Mortgage Matchup Center, home of the Phoenix Suns.

The request heard during the Jan. 12 meeting seeks to rezone the northern portion of the property while preserving the southern portion. Developers intend to demolish the northern portion, where a new parking garage would go. Two of the buildings on the site will be transformed into a corporate office building and a retail building.

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