Tuesday, April 18, 2006

The Northwest Corner of the Loop 101 and 56th Street in North Phoenix

CityNorth gets a head start, from the Arizona Republic, reports that Chicago based Thomas J. Klutznick Co. and Related Urban Development plan to break ground in July on the first phase of the $1.5 billion mixed-use CityNorth project located on 150-acres at the northwest corner of the Loop 101 and 56th Street in North Phoenix. The development will feature 1.1 million square feet of retail space and restaurants including two or three department stores, 2 million square feet of office space, up to 2,000 residential units and two hotels. The focus of the first phase is High Street, a boulevard lined by three or four story buildings with streetscape retail, plus office space and residential units above. Later phases will have luxury stores, some topped with offices. The developers will eventually build large office buildings and high density housing outside of the urbanlike commercial core. "One of the great things for us is the project next door," said Webber Hudson of Related Urban Development, referring to Desert Ridge Marketplace. "It's a great success story. This is going to be much more sophisticated."



http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/arizonarepublic/business/articles/0418biz-citynorth0418.html

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