$70 Million Roosevelt Row Project Breaks Ground in Phoenix: 12-Story Apartments Plus Preserved Historic Buildings
PHOENIX, Ariz. — A $70 million development near Roosevelt Row in downtown Phoenix, Maricopa County, Arizona, has broken ground, combining a 12-story apartment tower with the preservation and reuse of several historic buildings.
The project, at First Avenue and McKinley Street, is being developed by Intersection Development, which owns most of the block except the Stewart apartment tower. The new tower, called Sisu, will rise on an existing surface parking lot with 125 apartments. The dining component, Arcada, will rehabilitate historic buildings including the 116-year-old Stoddard-Harmon House, which will become a restaurant.
Co-founder Zac Cohen said the project has been in the works for years. Phoenix Mayor Kate Gallego said it is the type of development the city wants to see, protecting history while bringing new investment. Arcada's renovations are expected to finish in mid-2027 and the apartment tower to open in mid-2028.
Source: The Arizona Republic
Published by GSM · USA (original Chinese edition)
Photo: 菲尼克斯 Roosevelt Row 街景。（Kelseyjane7 摄，CC BY-SA 4.0，经 Wikimedia Commons）
