PHOENIX — Downtown Phoenix is swarming with construction crews, and the city says a majority of the ongoing projects will be completed in 2025. According to the city’s Economic Development Department, around ten high-rise mixed-use apartment buildings are expected to open this year in the downtown area, featuring apartment units on the higher floors, and retail shops, office spaces and restaurants on the ground floors.The city of Phoenix’s Deputy Economic Development Director, Xandon Keating, shared a few of the luxury apartment buildings expected to open in 2025 or early 2026. “A residential tower at the Arizona Center called PALMTower, there’s a couple projects on Central Avenue, Sol Modern and another project called The Ray, high-rise residential towers,” Keating said. He added the city is planning to unveil the newly designed ‘Central Station,’ which is the city’s old bus terminal. “It is keeping that footprint of the bus terminal in place, light rail station stays in place, but it’s adding a ground floor retail, an office component, and then two towers, one market-rate residential and another is a student housing tower.”
The demographics show a wide range of people moving to Phoenix, including young professionals, retirees and families. “A ton of people are moving to Phoenix because they love the sunshine,” said downtown Phoenix real …
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