Recently rebranded to Arro, developers are moving ahead with a $675 million development with two tall buildings reaching 541 feet (165 meters) and 425 feet tall (130 meters).
Originally proposed in 2019 under the name Astra, the project has evolved significantly in both scale and cost. The 1.8 million-square-foot (167,225 square-meter) project will rise on a 2.18-acre site in downtown Phoenix. The scheme comprises two high-rises, with the north tower reaching 541 feet and the south tower rising to 425 feet. If built the north tower would surpass the height of the city’s current tallest building, the 483-foot (147-meter) Chase Tower that was completed in 1972.
The development integrates multiple uses within a vertical framework. The taller north tower will include 380 residential units and a 250-key luxury hotel, while the south tower will deliver 275 co-living units alongside approximately 150,000 square feet (13,935 square meters) of office space. At the top of the north tower, a multi-level restaurant and nightlife venue will occupy 16,000 square feet (1,486 square meters) across the upper floors.
Financing challenges delayed earlier timelines, but the development team now expects the project to be permit-ready by the end of 2026, with groundbreaking anticipated shortly thereafter and a three-year construction period.
Read more at the Phoenix Business Journal.