High-rise apartments planned to open next to new downtown Phoenix hotel

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Mar 17, 2017, 10:42am MST

Some more high-rise apartments could soon join the influx of multifamily development coming to downtown Phoenix.

Minnesota-based Mortenson Co., who officially broke ground today on the 11-story, 210-room Hampton Inn & Suites hotel at Central Avenue and Polk Street in downtown Phoenix, has proposed plans to build a 20-story apartment next to the new hotel.


“We’re very bullish on the Phoenix market,” said George Forristall, Phoenix development executive for Mortenson.

Apartment development has been nonstop for the past few years in downtown Phoenix. There are thousands of units in the pipeline or under construction, in an attempt to attract the students at ASU’s downtown campus, young professionals in downtown’s growing tech hub as well as empty nesters to the burgeoning urban core.

But there have been issues with so much apartment development. Some community members have seen the development on nearby Roosevelt Row as the death of the arts community there, and the Goldwater Institute has partnered with downtown restaurant Angel’s Trumpet Ale House to sue the city over a tax subsidy for a soon-to-be-built 19-story apartment tower adjacent to the restaurant at Second and McKinley streets.

Forristall is familiar with some of the backlash, but doesn’t expect those kind of issues with Mortenson’s proposed development.

“This is in an area where there’s already high-rise development,” he said. “We’re looking to put something appropriate there. We’re definitely not as tall as Freeport-McMoRan. The scale we’re looking to deliver is something appropriate for the area. There is demand for high-rise in the downtown core.”

The nearby Freeport-McMoRan center spans about 342 feet and 26 stories.

The Hampton Inn & Suites, at 77 E. Polk St., is slated to open in summer 2018. The apartment complex will be at 333 N. Central Ave. and is currently under review with Phoenix Planning and Development.

SmithGroupJJR — which is supporting development strategies for the $25 million renovation of the Arizona Center down the street — is doing the design. Mortenson expects to begin construction on the tower in the fourth quarter of 2017, with completion slated for mid-2019.

Steven covers retail, restaurants, hospitality/tourism as well as aviation, small business and nonprofits.




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