Press Releases

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

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 …

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State’s Tallest Precast Parking Structure Now Complete

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 …

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

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 …

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Park Central Focuses on Health, Wellness in Work Environment

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

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 …

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Park Central mixed-use building space

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

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 …

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

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 …

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Home2 Suites/Tru by Hilton Hotel to Take Shape As Part of Park Central Revitalization

Construction on 207-Room Hotel, Rooftop Pool Kicks Off in Late 2020 PHOENIX (February 3, 2020) – When complete, the large-scale Park Central revitalization effort will transform a once-defunct shopping area into the city’s premier destination to work and play. Now, the addition of a new, state-of-the-art hotel will help ensure that it’s also a top …

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Significant New Office Lease Signed for 20,000 Square Foot Space at Park Central

WCUI School of Medical Imaging and Nursing to Relocate to Revitalized Mixed Use Project; New Lease Builds on Recent Momentum and New Construction PHOENIX (January 9, 2020) – Park Central is welcoming its largest new tenant since its revitalization began two years ago.   WCUI School of Medical Imaging and Nursing (WCUI) has signed a …

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