Home News 1M SF Central Station breaks ground in Downtown Phoenix

1M SF Central Station breaks ground in Downtown Phoenix

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today, Medistar Corporation, GMH communityWhen CBRE investment management Audiences of Phoenix Mayor Kate Gallego, Deputy Mayor Laura Pastor, Councilor Yasamine Ansari, and business and community representatives attended. A dynamic one-million-square-foot mixed-use development adjacent to Civic Space Park and the Downtown Phoenix Campus of Arizona State University to celebrate the ceremonial breakthroughs at Central Station.

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The Central Station is designed to seamlessly integrate with existing transit stations to create a bustling urban hub, with two residential towers and 30,000 square feet of retail space focused on food-oriented concepts. To establish. 70,000 square feet of state-of-the-art flexible creative office space. The underground parking lot for 430 cars is a two-story building.

“Downtown Phoenix is ​​a hot spot and Central Station sets a new standard for transit-oriented development that will boost the vibrancy of our city,” said Mayor Galego. “The careful and thoughtful design set the tone for the city’s future. Such a project is one of the reasons why more people choose Phoenix as their new home than any other US city.”

The one tower, 22-storey dormitory building is fully furnished and consists of 655 beds. To promote a communal living environment, the development will be equipped with smart technologies, amenities and services designed to meet the unique needs of urban dwellers. This component of the Central Station development also features a variety of housing options for undergraduate, graduate, and young professionals, from micro studios to four-bedroom units.

The second is a 33-story residential tower, which contains 362 units and is fully equipped with smart technology. All residents have access to an outdoor amenity deck with barbecue grills, fire pits and a resort-style pool.

“At GMH, we have been actively pursuing opportunities to expand our footprint and develop a Class A smart tech apartment community nationwide,” said Steve Behrle, GMH’s Chief Development Officer. “At Central Station, our plan is to transform downtown Phoenix and provide students with the housing they need to support their unique live, work, play, learn and prosperous lifestyle. “

“Downtown Phoenix is ​​a completely different place than it was five or six years ago. It’s a vibrant urban hub,” said Pastor Phoenix. “Every week, new restaurants open. New tenants fill downtown apartments four times faster than anywhere else in the valley. Central Station is to meet the needs of people living and working in downtown Phoenix. In addition, it is a community that brings downtown even more vibrancy with a variety of housing choices and uses. “

“With downtown Phoenix booming, Central Station is a highlight we need and deserve,” said Council Woman Ansari. “A mixed-use, pedestrian-oriented, and aesthetically pleasing project with a variety of units, including labor-priced housing, is exactly what our tall city should build and encourage. This project is complete. And I can’t wait to bring more vibrancy to the center of our city. “

Scheduled to open in 2024, Central Station will rethink the city’s major downtown bus and light rail transit centers, serving 2 million passengers annually. It also links to the city’s Civic Space Park in a unified public space for the vibrant center of Phoenix. Central Station is poised to take advantage of its strategic location in development, offering strong transit ridership and proximity to the city center of the fifth largest city in the United States.

Central Station is a public-private partnership with the City of Phoenix, which retains ownership of the land and the development partners have signed long-term lease agreements for the project. This project was designed by Gould Evans and Layton Construction acts as a general contractor.

“Central Station is in an ideal position to benefit from the expansion of the knowledge cluster formed by PhoenixBioScience Core and ASU’s downtown campus,” said Ben, Managing Director of Housing Transactions at CBRE Investment Management. Green says. “This fits well with our fund’s” Eds and Meds “investment theme as the best rental option to meet the substantial and increasing demand created by higher education and life sciences employment. “

Monzer Hourani, CEO of Medistar, said: “The connection with Civic Space Park provides another amenity for bringing people together to experience events, food, music and green spaces.”

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