PHOENIX — The owners of a prominent central Phoenix shopping center have an ambitious vision to add apartments to the property.
Federal Realty Investment Trust and RED Development are working through plans to build a 255-unit, six-story apartment complex within the Camelback Colonnade shopping center, according to documents filed with the city of Phoenix.
They’re targeting a 2.5-acre portion on the southwest side of the shopping center, which is located at Highland Avenue and State Route 51, and currently includes parking space and a Phoenix Public Library branch location.
