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National developer could bring big apartments, mixed-use to downtown Phoenix block next to ASU

Big national real estate developer Hines Interests LP is looking at buying a city block of downtown Phoenix land at Central Avenue and Fillmore Street.

The property is on the northeast corner, north of Arizona State University’s downtown campus.

It is currently a parking lot owned by private investors.

Multiple sources in the real estate industry say Hines could buy the property and wants to develop apartments likely with some ground-level retail and restaurants.

The possible development is called The Canyon.

The site is one of the few remaining large blocks of space in downtown Phoenix.

It is currently a parking lot owned by private investors.

Multiple sources in the real estate industry say Hines could buy the property and wants to develop apartments likely with some ground-level retail and restaurants.

The possible development is called The Canyon.

The site is one of the few remaining large blocks of space in downtown Phoenix.

Mike Sunnucks
Phoenix Business Journal