A long underused office park near the old Metrocenter mall will soon be transformed into several hundred apartment units.
Phoenix has a severe housing shortage and converting existing buildings into apartments can get units online faster while breathing new life into sleepy office parks.
Scottsdale-based Caliber purchased the mostly vacant 312,000-square-foot Canyon Corporate Center at I-17 and Dunlap Avenue this summer and will transform two office buildings and a parking garage into several hundred housing units. The project will feature a variety of studio and one-, two- and three-bedroom apartments. The rates will be what Caliber CEO Chris Loeffler called “workforce-plus,” meaning they’ll be affordable to the average Phoenix family.
The studios will be assembled on the sides of the parking garage, allowing for drive-up parking access.
