Park Central Mall Purchase Closes, Renovation Plans Unveiled
Plaza Companies, Holualoa Companies Complete Purchase of 337,000 Square Feet;
Purchase and Improvements Valued at $57 Million
PHOENIX, Arizona (date, 2017) — Plaza Companies and Holualoa Companies have completed the purchase of a significant portion of the iconic Park Central Mall in Phoenix, and have unveiled plans for renovation of the property.
The overall price of the purchase and expected renovations is approximately $57 million, and construction work will begin on the transformation effort in the coming weeks. The new ownership group is working with architect richärd+bauer and DPR Construction to reinvent Park Central by converting it into a modern, mixed-use, competitive economic engine for the Valley of the Sun.
Already, the team has developed a new brand identity for Park Central that will be implemented throughout the site as part of the redevelopment — the new look, along with extensive renderings and the new project site plan, can be viewed on the project’s new web site, www.parkcentralphoenix.com.
Plaza Companies, Holualoa Companies Complete Purchase of 337,000 Square Feet; Purchase and Improvements Valued at $57 Million Plaza Companies and Holualoa Companies…
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PHOENIX, Arizona (September 12, 2017) — It’s a change that has been decades in
coming for one of central Phoenix’s most iconic properties. But the time for a new Park Central
Two of Arizona’s most prominent commercial real estate firms — Plaza Companies and
Holualoa Companies — have teamed up to purchase a significant portion of the Park Central
Mall site, once one of the Valley’s premier properties and one that has long been a target for