Next renovations start in Renaissance’s $50 million makeover

Phoenix Business Journal

The second phase has started on the $50 million renovation project at the Renaissance Square office towers in downtown Phoenix.

Cypress Office Properties LLC and Oaktree Capital Management LP own the 25- and 27-story office towers at Central Avenue and Washington Street.

They have launched redevelopment of the lobby connector that ties the two towers together and are upgrading an existing 20,000-square-foot gym into a higher-end fitness and sports club.

“The pathway between the two building…

Source: Commercial News