$675M downtown tower expects to break ground by early 2027

Groundbreaking is expected by early next year for a $675 million tower that will become Arizona's tallest skyscraper.

BY ANGELA GONZALES/PHOENIX BUSINESS JOURNAL

Apr 25, 2026, 8:01 AM Updated: Apr 27, 2026, 6:48 am

Watch: The latest on the War with Iran from a retired U.S. Army Major & military analyst | 9 mins

PHOENIX — With financing hurdles finally cleared, groundbreaking is expected by early next year for a $675 million project that will become Arizona’s tallest tower.

Rebranded as Arro, the 1.8 million-square-foot development will encompass two towers in downtown Phoenix. The north tower will be 541 feet tall and the south tower next door will be 425 tall.

The project’s working name had been Astra since Phoenix Business Journal first reported on Empire Group of Cos.’ vision for the development in August 2019. At the time, total development costs were expected to be around $350 million for the 2.18-acre development on Second Avenue between Van Buren and Fillmore streets.

At the time, the tallest of the two buildings was envisioned to be 525 feet, which even at that height would have overshadowed the former Chase Tower building, which sits at 483 feet at the southeast corner of Van Buren and Central Avenue in the heart of downtown Phoenix.

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