Real estate dealmaker looking to bring second grocery store to downtown Phoenix
PHOENIX — The downtown Phoenix area has been in need of another grocery store and one real estate dealmaker is looking to make it happen according to Phoenix Business Journal.
Larry Ortega is marketing a 1.68-acre area at First Avenue and McKinley Street for a value of $6.2 million.
The space, according to Ortega, could be used for 405 apartments, 82,000 square feet of office space and 20,000 square feet of rental, but he told Phoenix Business Journal he specifically has one goal down as bringing a new grocery store to the area.
The space is being called First McKinley. If the area were to add a grocery store, it would be of great service to those in apartments and condos at Roosevelt Row and McKinley Street.
- The Churchill in Phoenix announces tenants opening in summer
- Small Frys program aims to grow girls hockey in Arizona
- NCAA officials coming to Phoenix to explore another Final Four host bid
- Mayor Stanton touts PHX Core, downtown’s new ‘innovation district’
- New owners plan to renovate Chase Tower, Arizona’s tallest building