Over the Hump--Camelback Corridor Projects Offer Views of Recovery

摘要

The Camelback Corridor remains a bright spot in an otherwise dim new office construction market. Two sizeable office projects on Camelback Road are underway and going for LEED silver at minimum. Two Class A office projects are reaffirming the vitality of the Camelback Corridor in Phoenix. The 11-story 24th at Camelback II is owned and developed by Houston-based Hines while the three-story 3900 Camelback Center is owned and developed by the Ryan Companies US, headquartered in Minneapolis. Both are precertified LEED silver core & shell buildings. Hines has had an Arizona office at 24th at Camelback I since the building's completion in 1998. Adanta-based contractor Holder Construction Co. expects to deliver the second phase on time to Hines in February. Hines will manage the property.