Addition to historic downtown Phoenix building will include luxury hotel, condos managed by Fairmont
A historic building in downtown Phoenix will see a second life as a luxury hotel and condominiums managed by Fairmont Hotels and Resorts.
The development will be co-owned by the Arizona Opportunities Industrialization Center, a vocational training nonprofit that has operated in Phoenix since 1967. The nonprofit has been housed in the two-story brick building at 39 E. Jackson St.
In early 2021, the Phoenix City Council OK'd building a 250-foot mixed-use development on top of the original building, which will generate funds to help support the nonprofit.
Thunderbird Legacy Development is the other co-owner of the project and will serve as developer and general partner.
The project, called Fairmont Hotel and Residences Phoenix, will include 225 hotel rooms, including 34 suites, and 151 Fairmont-branded for-sale condo units. The condo units will occupy the 14th through 25th floors of the building and will range in size from one to three bedrooms and include penthouses.
Sales for the condo units are expected to begin later this year and the development is slated to open in 2025.
Rooftop pool, bar and other amenities
The building will include four bars and restaurants, with a full-service restaurant, a lobby restaurant, a rooftop pool and bar and a café.
Condo owners will have access to an owner’s lounge, pool and hot tub, fitness center and other amenities. The condos will be the first branded condominiums in downtown Phoenix.
At the time the project was approved, the development team said it would cost about $150 million to develop.
Redeveloping the historic building
The construction will include removing the roof and one of the walls of the building, which formerly had historic preservation status. The other walls will be preserved and the new project will be built inside them in the footprint of the old building.
Phoenix Mayor Kate Gallego, in a statement, praised the project and the jobs it would bring as "a great way to add beauty and economic prosperity to the city.”
The building is about half a mile from another historic property expected to see renovation: Phoenix Union Station.
What's planned: Once vibrant century-old Phoenix Union Station could see new life
A developer plans to turn the century old train station near Fourth Avenue and Jackson Street into an event venue with restaurants, possibly a brewery, offices and a film studio.
Reach the reporter at cvanek@arizonarepublic.com. Follow her on Twitter @CorinaVanek.
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This article originally appeared on Arizona Republic: Luxury hotels, condos planned for downtown Phoenix
