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Arizona Center in downtown Phoenix completes $25 million renovation

Arizona Center Van Buren Corner After.jpg
Posted at 3:35 PM, Mar 26, 2019

PHOENIX — After months of construction, the Arizona Center in downtown Phoenix announced Tuesday that its $25 million face-lift had been completed.

Among the upgrades: the addition of a 60-foot LED video screen and shade structure on the corner of Third and Van Buren streets, an entertainment stage; outdoor lounges; valet parking and bike racks; and updated exterior, landscaping, water features, lighting and signage.

It also welcomed three new tenants:

  • Kwench Juice Cafe, a health-conscious cafe that serves pressed juices, smoothies and acai bowls
  • Freshii, a fast-casual restaurant that serves salads, wraps, burritos and frozen kefir
  • Bosa Donuts, a local doughnut chain. Bosa is expected to open in early June

In April, AC Hotel by Marriott will begin construction on a 13-story, 199-room hotel, the news release said. The boutique hotel is expected to be completed in the third quarter of 2020.
Construction is also scheduled to begin soon on Palm Tower, a 31-story residential tower, near Fifth and Van Buren streets.

"The upgrades to the center bring a whole new vibe to the heart of downtown Phoenix," said Matt Root, managing partner for Parallel Capital Partners, in a statement. "As we add tenants, Arizona Center will continue to become an even bigger hub for meeting up with friends and family, entertainment, shopping and so much more." Parallel Capital Partners, a San Diego, California-based real estate company, bought the center in 2015.

The center is already home to AMC Theatre, Hooters, Mi Amigos, Starbucks, Subway and Cold Stone Creamery.