About
About Downtown Phoenix Multifamily Development Site
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.57 acre, high density multifamily development site in Phoenix’s rapidly transforming Downtown located in the Opportunity Zone. Located adjacent to Chase Field (Diamondbacks), Footprint Center (Suns), and minutes from the I-10 Freeway, this site is well positioned for luxury multifamily development. Phoenix’s urban revival has transformed Downtown into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 12,200-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in Downtown Phoenix. The opportunity consists of three distinct parcels with a combined total of ±2.57 acres of developable land with one parcel on the northwest corner of South 5th Street and East Lincoln Street, adjacent to two parcels on the northeast corner of South 5th Street and East Buchanan Street.
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