Developer plans to rework office building near Metrocenter in Phoenix into multifamily

Cedar Grove Group is planning to transform an office building in Phoenix, Arizona into 145 new apartments. The developer is requesting to rezone the property from industrial park to multifamily, and the city planning commission is scheduled to vote on the rezone April 13 with a recommendation for approval from the North mountain Village planning committee in March. This project is the company’s first in the Phoenix metro and is an opportunity to provide more housing options in the Valley and decrease competition for other active office buildings in the area. Developers have been turning more aging hotels and office buildings in the Phoenix metro into apartments amid a housing shortage across the region.

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