News & Articles

Press Releases

Central and Downtown Phoenix Emerging as One of Arizona’s Largest Higher Education Hubs

February 3, 2021

Thousands of Students Converge on Central City to Study Variety of Disciplines; Park Central Includes Two of Newest Educational Opportunities PHOENIX (January 27, 2021) – When most people think of Arizona college towns, it’s Tempe, Tucson and Flagstaff that pop to mind. But in central and downtown Phoenix, a critical mass of higher education is taking place that is making the area

Where’s the Real Tech Boom Happening in the Valley? Right in its Urban Core.

January 12, 2021

Central Phoenix Leads Way in Tech Employment Growth, Business Attraction PHOENIX (January 6, 2021) – Tech jobs and companies are the holy grail of economic development, and are highly sought after by cities across the country. The tech industry provides high-paying jobs and significant economic impact — spurring cities to actively compete to attract tech companies. But

State’s Tallest Precast Parking Structure Now Complete

October 5, 2020

PHOENIX (October 5, 2020) – Arizona’s tallest precast parking structure is now complete, bringing more than 2,000 new parking spaces to midtown Phoenix to support the Park Central revitalization. The new 10-story, $33.5 million, 551,750-square-foot garage was constructed on the south side of Park Central to accommodate the growing use of the property as a central

Artists Chosen to Create Significant New Murals At Park Central’s Catalina Parking Garage

September 15, 2020

Arizona’s tallest precast parking structure will bring more than 2,000 new parking spaces to midtown Phoenix to support the Park Central revitalization. But the new $38 million Catalina Parking Garage is going to be a lot more than that. The project’s development team has selected an artist team consisting of Diana Calderón, Edgar Fernandez and Miguel

Park Central Focuses on Health, Wellness in Work Environment

June 25, 2020

The revitalized mixed-use development in central Phoenix already had a focus on health before the pandemic. It’s the home to several significant medical organizations, and was designed to promote walkability, be bike-friendly and feature indoor-outdoor work spaces and open air environments.

Park Central Mixed-use development project outdoor image

Park Central Ramps Up Leasing Activity Despite Slowdown

April 30, 2020

Three New Leases Signed in Past Few Months at Revitalized Mixed-Use Development PHOENIX (April 29, 2020) – The revitalized Park Central project has enjoyed increased leasing activity despite the economic downturn, with three new leases signed in the past few months. New Leases Signed in Phoenix Interface Technologies has signed a lease to occupy the

Despite Economic Slowdown, Work Continuing On Park Central Revitalization, Construction

April 17, 2020

Construction on the new Creighton University Health Sciences Campus is well underway, and the new 2,000-space parking structure on the southern portion of the property is nearing completion in the fall. But additionally, several other key milestones have taken place in recent weeks.

Park Central Wins AZRE’s 2020 RED Award for Redevelopment Project of the Year

April 10, 2020

AZRE Magazine has come out with their 2020 Real Estate Development (RED) Awards winners, and we are excited to announce Park Central has won the Redevelopment Project of the Year award. AZRE Magazine received a record number of entries and nominations for the RED awards for this year, and 17 projects were statewide. With a

New Phase of Revitalization Taking Place on Park Central’s Northernmost Building

March 2, 2020

The Park Central development team is now working on a new phase of renovations to the iconic property, with the focus on one of the largest buildings on site — opening up a unique opportunity for an up to 80,000 square foot floor plate in the central corridor. The goal of the second phase of