The second phase of a long-planned mixed-use project in downtown Phoenix previously called The Fillmore could be delayed by years.Citing conditions of the capital markets, the developer of the project has requested that Phoenix City Council update a development agreement to reflect a new construction start date for the second phase.High Street Residential, a wholly owned subsidiary of Dallas-based Trammell Crow Co., started construction on the first phase of The Fillmore in 2019 and completed 330 residential units and 10,000 square feet of retail as well as an urban paseo for pedestrians in 2022, a city report said.The overall project, previously priced at $140 million, is located on about 7.5 acres along Fillmore Street between Fourth and Sixth avenues on the western side of downtown Phoenix. The next two phases are currently in visioning and design processes, the city report said.The second phase is expected to include another 330 apartment units and an additional 10,000 square feet of retail. Through an agreement with the city, High Street Fillmore Phase 2 LLC was required to break ground on the second phase by February 2024.Now they’re looking to push the start date for the second phase by two years, to February 2026. Phoenix City Council is scheduled to vote on updating the agreement during its Jan. 24 meeting.Trammell Crow Co. declined to comment for this story.The city of Phoenix previously entered into a development and purchase agreement for the project with High Street Fillmore LLC and High Street Fillmore Phase 2 LLC, entities connected to Trammell Crow, in March 2018.The project was a result of a request for proposals that the city of Phoenix has posted for the city-owned land in downtown.Trammell Crow previously told the Business Journal that the overall mixed-use project would be …
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