RED Development has begun construction on its newest project in Phoenix, the $300 million development dubbed The Grove. The 15-acre, mixed-use property will be located at the corner of 44th Street and Camelback Road.
The Grove will include three office buildings, a self storage facility by Hibernia Capital, a parking garage, a luxury multifamily property developed by StreetLights Residential, The Global Ambassador hotel, and ground-floor retail and restaurants.
According to RED Development, the project will feature the first new Class AA office campus in the area in nearly two decades.
The hotel component, developed by restaurateur Sam Fox and Brian Frakes of Common Bond Development Group, will feature access to five dining options including a Mediterranean rooftop restaurant that offers views of Camelback Mountain, and a Wellness Center with a first-level fitness center and luxury spa.
The residential part of The Grove will comprise 58 two- and three-bedroom apartments and mark StreetLights Residential’s fifth project in Arizona. Common area amenities will include a full-service concierge, two fitness studios, a clubroom and resident bar, as well as a pool deck with private cabanas, lounge seating and outdoor fireplaces.
Phase I of the development is slated for completion in the second half of 2022, with the hotel portion opening in the fall of 2023. The Grove will also be home to the Phoenix Suns and Phoenix Mercury’s training facility that opened late last year.
For more information, visit www.reddevelopment.com/the-grove.