Developer to bring $66M development to Camelback light rail site

Phoenix Business Journal

A developer is slated to pay $110,000 for just under a quarter acre of land in Phoenix with plans to bring a $66.3 million new development to Camelback Road and 17th Avenue.

The land is owned by the city and sits on Metro light rail in west Phoenix. It is valued at $90,000, according to city documents.

The Phoenix City Council will vote Wednesday on the land sale to development group Unified Capital Partners LLC.

Unified was the only bidder to a request for proposals issued by the city last year.


Source: Residential News