Developer Breaks Ground For Downtown Phoenix High-Rise
A Chicago-based developer broke ground Tuesday for a luxury high-rise project in downtown Phoenix.
A 26-story building will fill the southeast corner of Sixth and Garfield Streets located within the arts and entertainment district known as Roosevelt Row.
The project called Skye on 6th will include retail on the ground floor and more than 300 apartments. Residents will have access to a pool deck with cabanas, yoga studio, dog run and party room, among other things.
“We believe Skye on 6th will establish a new standard of modern luxury living in Phoenix with a wellness-focused approach, efficiently designed units and an expansive amenity offering located in the heart of the burgeoning Roosevelt Row Arts District and adjacent to the Phoenix Biomedical Campus,” Kage Brown, managing partner and chief investment officer at Hubbard said in a prepared statement.
Last year, less than 24 hours before a key city vote on tax breaks for the project, the developer, Hubbard Street Group, offered a $100,000 donation to support the city’s affordable housing initiative. Affordable housing is for lower-income households and part of the city’s overall housing plan to preserve or create 50,000 housing units by 2030 and increase the overall supply of market, workforce and affordable housing.
Skye on 6th is expected to open by summer 2023.
