Work on Phoenix’s City North project moving ahead, developer says

Apr 30, 2020, 1:34 PM

city north...

(City North Photo)

(City North Photo)

PHOENIX – Construction on a 100-hundred-acre mixed-used project in north Phoenix is moving ahead despite the economic turmoil caused by the coronavirus pandemic, the developer said Thursday.

City North is being built next to Desert Ridge Marketplace, near 56th Street and Loop 101.

Plans call for 2 million square feet of office space, 2,600 residential units, 500 hotel rooms and 1,000 square feet of retail and restaurant space.

Crown Realty and Development said it’s been able to continue the construction, which started in June 2019, because the land acquisition was funded without debt.

“Contractors will be paid on time because we have no debt at City North and have funded every penny from cash,” Robert Flaxman, the company’s founder and CEO, said in a press release.

Flaxman was in the news last year for his role in a headline-grabbing, widespread college admissions scandal.

In October, he was sentenced to one month in prison for allegedly paying $75,000 to cheat on his daughter’s college entrance exam. He’d pleaded guilty in April to charges of bribery and fraud.

Crown, which is based in Costa Mesa, California, has been active in the Valley, developing the Montelucia Resort in Scottsdale and redeveloping Mountain Shadows in Paradise Valley.

The company acquired rights to the City North property in January 2019 for $54 million following a long-running bankruptcy case. Bankruptcy court had placed the value of the land as high as $121 million, according to AZBigMedia.

We want to hear from you.

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

Arizona News

Kesha Hodge Washington, Kate Gallego, Joan Serviss and Connor Larr...

Damon Allred

Phoenix Mayor Kate Gallego breaks ground on affordable housing project

Phoenix officials, including Mayor Kate Gallego, broke ground on an affordable housing project in South Phoenix on Thursday.

2 hours ago

HonorHealth Paradise Valley location opens...

Balin Overstolz McNair

Valley-based health care provider uses tech to boost quality of care

Valley-based health-care provider Honor Health is using technology to lighten the burden on staff at one hospital.

2 hours ago

Actor Joe Mantegna poses with Debbie Medina Gach of Gilbert-based tequila brand Señor Rio....

Ray Schey/Phoenix Business Journal

Señor Rio tequila sees brand awareness bump after investment by actor Joe Mantegna

The Gilbert-based Señor Rio tequila brand is getting a boost from its partnership deal with actor Joe Mantegna.

3 hours ago


Weekend wrap-up: Here are the biggest Arizona stories from Dec. 1-3

Here are some of the biggest stories that headlined the Arizona news over the weekend, including weather impacts across the state and more.

11 hours ago

Mugshot of three men involved in a criminal street gang in Phoenix...

3 arrested in connection to murder at Phoenix park last month

Three men were arrested over the weekend in connection to the murder of a man at a park in Phoenix last month, authorities said.

14 hours ago

Renovations of Wildflower Tempe ahead of its grand reopening. (Adler Public Relations photo)...

Tom Kuebel

Wildflower debuts renovations for grand reopening in Tempe

The Wildflower restaurant hosted its grand reopening after making several renovations to its location in Tempe.

17 hours ago

Sponsored Articles

(KTAR News Graphic)...

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

Follow @KTAR923...

The 2023 Diamondbacks are a good example to count on the underdog

The Arizona Diamondbacks made the World Series as a surprise. That they made the playoffs at all, got past the Milwaukee Brewers in the NL Wild Card round, swept the Los Angeles Dodgers in the NLDS and won two road games in Philadelphia to close out a full seven-game NLCS went against every expectation. Now, […]

Follow @KTAR923...

West Hunsaker at Morris Hall supports Make-A-Wish Foundation in Arizona

KTAR's Community Spotlight this month focuses on Morris Hall and its commitment to supporting the Make-A-Wish Foundation in Arizona.

Work on Phoenix’s City North project moving ahead, developer says