GMH Communities has topped out the East Tower of its Central Station project on 2.6 acres in downtown Phoenix. The East Tower is one of the two residential community towers that will offer market-rate, workforce, and student housing with two levels of below-grade parking within the 1 million-square-foot mixed-use development.
“The topping out of Central Station’s East Tower is the latest landmark milestone for GMH’s residential living vertical,” says Gary Holloway Jr., CEO and president at GMH Communities. “Our state-of-the-art apartments enable residents to live a sophisticated and convenient lifestyle. At the Central Station East Tower, residents will have access to exceptional amenities and unrivaled service, enabling them to thrive in a bustling city like Phoenix.”
Transit-oriented, Central Station residents will have convenient access to Phoenix’s transit hub and retail/office spaces. The development is a public-private partnership, with the city of Phoenix retaining ownership of the land and the development partners entering into a long-term ground lease for the project.
“The topping out of the East Tower marks an exciting next step in the journey to bring Central Station to life in our downtown,” Phoenix mayor Kate Gallego says. “Building Central Station is a testament to Phoenix’s commitment to transit-oriented development, and the final product will enhance connectivity, bring additional housing and businesses into our urban core, and ultimately transform the skyline of our growing city.”
Central Station is expected to open in early 2025. Other partners in the project include CBRE Investment Management, Medistar Corp., Layton Construction, and Multistudio.
“CBRE Investment Management is proud to be in partnership with GMH Communities and the city of Phoenix on such a significant mixed-use project that will bring new housing, office, and retail space to downtown Phoenix,” says Ming Lee, senior managing director and head of development for CBRE Investment Management. “This project serves as a prominent piece of our overall development strategy, which spans multiple product types across the United States.”
