Developers plan downtown Phoenix office building

Developers have pondered a big hotel, condos, apartments and even an urban-style Target store for the parking lot nestled in between Collier Center and CityScape in downtown Phoenix. Now, the owners of the Collier Center and Bank of America office tower in downtown Phoenix want to build a 400,000-square-foot office building on the long-undeveloped parking lot just north of US Airways Center. The commercial projects show market optimism toward downtown Phoenix even as other parts of the Valley’s real estate landscape struggle to rebound from the recession. Developers involved with the new projects also expect to go after city tax ...

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