Today, Downtown Phoenix thrives as a vibrant urban center, characterized by a diverse residential demographic encompassing both young professionals and residents aged 50 and above seeking an urban lifestyle. With its growing population set to surpass 30,000 by 2030, downtown Phoenix has proven to be a destination location—a stark contrast to its state in the 1970s. This revival stems from the city’s redevelopment strategy in the 1990s, which introduced the “18-hour economy,” bolstered the bioscience core, repurposed historic buildings, and spurred multifamily housing growth.
Source: https://azbigmedia.com/real-estate/how-redevelopment-strategy-created-a-dynamic-downtown-phoenix/
