Town & Country Shopping Center and Offices
The properties comprise nearly 50 acres in Phoenix’s prime Camelback Corridor at 22nd Street. Given strong demand in a variety of sectors, the valuable portfolio is perfectly positioned for reprogramming and redevelopment. To date, nothing has occurred due to a complicated ground lease structure where interests do not align.
The site has capacity and market potential to support a master planned redevelopment that includes mid-rise residential, office, hotels, and specialty retail. The value opportunity is to increase commercial density by two to three times. The process begins with alignment of stakeholder interests. Davenport is working with the parties to qualify and pursue the optimal path toward redevelopment.