Long-Stalled Office-To-Apartment Conversion Nears Finish Line

Workers installing electrical inside building

(That Dormant Building On Camelback Road In Phoenix? It May Soon Open — April 3, 2026)

One Camelback, an 11-story office-to-luxury-apartment conversion at Central Avenue and Camelback Road in Phoenix, is expected to welcome its first residents by year’s end after a troubled history that included foreclosure and multiple ownership changes. New owner Kinella Capital is finishing plumbing and electrical work on the lower level.The 163-unit development will also feature 11,000 square feet of retail and a rooftop pool deck with panoramic valley views.

Source: https://www.azcentral.com/story/news/local/phoenix/2026/04/03/phoenix-one-camelback-sneak-peek/88827858007/

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