Construction starts on $300M Phoenix development with hotel, restaurants
Jun 25, 2021, 4:05 AM | Updated: 8:08 am
(RED Development Photo)
PHOENIX — Construction is underway on a $300 million multiuse development in Phoenix, officials said Thursday.
The Grove, a development at 44th Street and Camelback Road, will include a variety of facilities including Class-AA office space and restaurants as well as the first hotel from Sam Fox, CEO and owner of Fox Restaurant Concepts, officials said in a press release Tuesday.
The Phoenix Suns and Phoenix Mercury training facility that opened last year is also part of the complex.
“Between RED, Sam Fox and the Phoenix Suns and Phoenix Mercury, The Grove is being thoughtfully designed and created by local companies with proven track records for building exceptional developments,” Mike Ebert, managing partner at RED Development, said in the release.
“On the office front, The Grove will feature the first new Class AA office campus in the area in close to 20 years. In the coming weeks, we’ll be announcing the first office tenants, which are currently set to surpass state records for price-per-square-foot leasing rates.”
A new community by StreetLights Residential will feature 58 two- and three- bedroom luxury apartment homes for families seeking luxury living in the Camelback area.
The Grove is anticipated to open in fall 2023.