ARIZONA BUSINESS

CityNorth sees momentum with new Phoenix hotel, housing and corporate campus

Nov 30, 2024, 5:00 AM

CityNorth...

CityNorth signage at East City North Drive and 56th Street. (Jim Poulin/Phoenix Business Journal)

(Jim Poulin/Phoenix Business Journal)

A new hotel, corporate campus, retail and housing are stitching together a $2 billion vision for CityNorth.

The nearly 100-acre property in north Phoenix has endured a series of challenges since it was proposed before the Great Recession, preventing significant development from moving forward.

CityNorth was once planned as a retail-centric destination with upscale stores like Nordstrom, Bloomingdales and Macy’s. But after falling victim to the economic downturn and legal issues, it eventually traded hands to different owners.

The project developer, California-based Crown Realty Group Inc., has successfully pushed its new plans forward after acquiring the site in 2019, installing key infrastructure improvements and securing zoning approvals from the city of Phoenix.

“We wanted to just get this property ready for full development,” said Rick Carpinelli, senior vice president of acquisition and development at Crown Realty.

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

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona Business

Integrated Biometrics Chandler Arizona 2025...

Serena O'Sullivan

Integrated Biometrics expanding its Chandler research facility

Companies curious about incorporating biometrics into their workflows can now visit a Chandler research facility to test new technologies through interactive exhibits.

7 hours ago

Honeywell Aerospace...

Collin Huguley and Jeff Gifford/Phoenix Business Journal

Phoenix-based Honeywell Aerospace to go its own way amid company split

Phoenix-based Honeywell Aerospace Technologies is going to become a separate entity now that Honeywell International Inc. plans to follow through with a major shake-up.

1 day ago

According to a recent study, film production in the metro Phoenix area generated $29.1 million in e...

David Veenstra

2024 film projects made $29.1M in economic impact on Phoenix area, new report says

According to a recent study, film production in the metro Phoenix area generated $29.1 million in economic impact in 2024.

2 days ago

KORE Power...

Audrey Jensen/Phoenix Business Journal

Behind the deal: What the loss of KORE Power means for Buckeye

Here's what the loss of KORE Power, the Coeur d'Alene, Idaho-based battery cell developer, means for Buckeye.

2 days ago

Super Bowl ad Tempe...

Amy Edelen/Phoenix Business Journal

Tempe solar energy startup to appear in Google AI Super Bowl ad

A Tempe-based solar energy startup is showcasing its technology in a Google Workspace TV commercial that will air during the Super Bowl.

3 days ago

This rendering shows what the Mesa Grandview Business Park will look like upon completion. (Photo v...

Serena O'Sullivan

Construction starts on 270,000-square-foot industrial development in Mesa’s Falcon District

Several companies related to the Mesa Grandview Business Park gathered with city officials for the groundbreaking of the industrial development.

4 days ago

Sponsored Articles

...

Collins Comfort Masters

Collins Comfort Masters: Your go-to plumbing experts in Arizona

Collins Comfort Masters, a trusted name in HVAC, water and plumbing since 1985, is you go-to plumbers for the residents of Phoenix and the Valley.

...

Bright Wealth Management

How to start your retirement planning early and avoid costly mistakes

Retirement planning can feel overwhelming, but with the right guidance, you can avoid costly pitfalls.

...

Sanderson Ford

Sanderson Ford’s Operation Santa Claus: Spreading holiday cheer through pickleball

Phoenix, AZ – Sanderson Ford, a staple in the Arizona community, is once again gearing up for its annual Operation Santa Claus charity drive.

CityNorth sees momentum with new Phoenix hotel, housing and corporate campus