PHOENIX, ARIZ. – It’s about to get busy at Park Central in midtown Phoenix, as construction of Creighton University’s nearly $100 million health sciences campus gets underway on July 8.Plaza Companies is the developer, and Okland Construction will be the general contractor for the first phase of the Creighton University building. Butler Design Group will serve as the architect, and the conceptual and tenant design and improvement architect is RDG Planning & Design….
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Midtown Phoenix is no longer a canyon of far-from-full office towers built more than three decades ago.
The area that businesses moved away from in the late 1990s is now drawing start-ups and big companies that want to be near light rail, new restaurants, apartments, redeveloped buildings and revived historic neighborhoods.
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Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II
October 10, 2018 (posted date)
Tags: Park Central Mall, Holualoa Companies
$28 Million Transaction Closes Wednesday; Plans Underway for Major New Residential Project Along With Creighton Health Campus, Expanded Office/Retail Redevelopment
The ownership group that is redeveloping the Park Central Mall property has purchased an additional 21 acres of property and an additional 193,000-square-foot building, consolidating ownership of Park Central for the first time in decades.
And, as part of the purchase, Tucson’s Holualoa Companies and Peoria-based Plaza Companies announced plans for an ambitious Phase II for the redevelopment, which will include a new nine-story residential complex to go along with a new Creighton University health sciences building.
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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.
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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
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