Jun 23, 2021 - Commercial Property Executive

RED Development Breaks Ground on $300M Phoenix Mixed-Use Project

Phase I of The Grove is slated for completion in the second half of 2022.

RED Development has begun construction on its newest project in Phoenix, the $300 million development dubbed The Grove. The 15-acre, mixed-use property will be located at the corner of 44th Street and Camelback Road.

The Grove will include three office buildings, a self storage facility by Hibernia Capital, a parking garage, a luxury multifamily property developed by StreetLights Residential, The Global Ambassador hotel, and ground-floor retail and restaurants.

Phase I of the development is slated for completion in the second half of 2022, with the hotel portion opening in the fall of 2023. The Grove will also be home to the Phoenix Suns and Phoenix Mercury’s training facility that opened late last year.