🏙️ Big Changes in Downtown Phoenix: High-Rises, Culture, and Opportunity
Downtown Phoenix is on the rise literally. If you’ve noticed more cranes in the sky and towers on the horizon, you’re not imagining things. The city is undergoing a skyline transformation that’s bringing in thousands of new homes, vibrant mixed-use communities, and exciting retail space all within walking distance to transit, entertainment, and education.
🔢 By the Numbers:
1,581 new residential units opened in 2023–2024
2,940 units currently under construction
3,309 more units in predevelopment
That’s nearly 8,000 new homes reshaping the core of Phoenix.
AVE Phoenix Sky
🚊 What’s Driving the Growth?
Post-pandemic, downtown is booming with:
Expanded higher education campuses
New light rail extensions
Boutique hotels and event spaces
Major push for walkable, transit-friendly neighborhoods
“There’s real momentum downtown, and housing is a big part of that story,” said Brian Silverstein of Clayco. “More people want to live near transit, education, and culture.”
🏗️ Just Opened: New High-Rise Living
Here’s a look at some sleek, amenity-packed towers that just hit the market:
PALMtower | 5th & Van Buren
29 stories | 352 units
Luxury apartments in the heart of downtown.Skye on 6th | 817 N. 6th Ave.
26 stories | 309 units + retail
Features a sauna, rooftop pool, co-working floor, and fitness center.Moontower Phoenix | 811 N. 3rd St.
24 stories | 326 units + art gallery vibes
Includes a local art collection and artist-in-residence program.Ave Phoenix Sky | 601 N. 3rd Ave.
17 stories | 254 units
Offers fully furnished corporate housing and flexible leases.
PALMtower
🚧 Coming Soon: Major Projects Near Completion
These next-gen buildings will redefine the skyline and lifestyle in the coming months:
Central Station
1M+ sq. ft. | 2 towers | 338 units
Student housing + residential + retail steps from light rail lines.Sol Modern | 50 E. Fillmore St.
29 stories | 747 units
The largest residential project downtown. Leasing begins Aug. 1.Saiya | 801 N. 1st Ave.
23 stories | 389 units
Modern living with retail below. Also leasing Aug. 1.Ray Phoenix | 777 N. Central Ave.
26 stories | 400 units
Topped out this spring. The green facade makes it look like a tree 🌳 designed to stand out.
Ray Phoenix
💡 Why This Matters for Buyers & Investors
With population growth, remote work trends, and increased demand for walkable, amenity-rich living, downtown Phoenix is becoming one of the hottest urban cores in the U.S. Whether you’re thinking about investing, buying a second home, or renting near the action, the opportunity window is now.
If you want a tour of any of these buildings or nearby investment opportunities, let’s talk.
📩 Reply to this email or call/text me directly to start exploring downtown living.
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