The over-600,000 square foot mixed-use project is adjacent to the Desert Mirage Marketplace and JW Marriott Desert Mirage Resort and Spa.

The sales price for the 25 acre parcel was $172 million. Rood Investment is listed as a new owner. Scanlan Kemper Bard (SKB), who has been involved with the project since 2013, maintained rights of a five acre unbuilt parcel. SKB’s Todd Gooding says plans for the next phase of High Street call for a 140-room hotel, an office building and a parking garage. High Street currently has a 99-unit multifamily community, 330,000 square feet of office space, 175,000 square feet of retail and nearly a dozen dining and bar options.

The development is a part of the Desert Ridge Master Plan, which claims to be the largest master-planned community in Arizona. It includes more than 2,400 residential homes and apartments, and approximately 2.5 million square feet of office and retail space.

The post North Phoenix High Street Announces Ownership Change, Expansion Plans appeared first on Connect CRE.

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