Goodyear
Real Estate
North Phoenix office park will be converted to apartments
A long underused office park near the old Metrocenter mall will soon be transformed into several hundred apartment units.Why it matters: Phoenix has a severe housing shortage and converting existing buildings into apartments can get units online faster while breathing new life into sleepy office parks.The big picture: Scottsdale-based Caliber purchased the mostly vacant 312,000-square-foot Canyon Corporate Center at I-17 and Dunlap Avenue this summer and will transform two office buildings and a parking garage into several hundred housing units.Construction is expected to begin next summer, with pre-leasing to start the following year.Zoom in: The project will feature a variety...
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