Since 2014, more than 500 new apartments have been built in the Downtown Phoenix area, with over 1,500 additional units slated to come online in the next 24 months. The area is home to several hundred businesses employing more than 120,000 workers.
Downtown/Midtown Phoenix recently had a tremendous win, when Banner Health announced plans to bring 800 employees to the area. The healthcare provider, which is also the largest employer in the state, has an option to take another 100,000 square feet of space in the next five years.
Much of the reshaping of the Central Corridor started with Arizona State University’s satellite campus. The Downtown Phoenix campus serves more than 11,500 students—up from approximately 3,000 students in 2006—including: media, healthcare, corporate and government students.
The Phoenix Downtown campus will only grow in the years ahead as the Sandra Day O’Conner College of Law opens Downtown later this year.
Fry’s Foods announced plans to open a 55,000-square foot grocery store in a mixed-use development just east of CityScape near Chase Field and Talking Stick Arena. The grocery store has been long sought after by city leaders and is a sign of the growth of the residential population in Downtown Phoenix. The opening is slated for 2018.