Downtown Phoenix is on the brink of a new addition to its skyline with The Edith Hotel, a $140 million high-rise venture promising to bring 236 rooms and various modern amenities to the area. According to ABC15, the development of The Edith is expected to commence this fall, enhancing the city's growing reputation as an entertainment and business hub.
The 17-story project, occupying a former parking lot next to notable landmarks like the One North Central Building and the Hanny's Building, is set to feature a ground-floor cafe, restaurant, and a rooftop bar with a pool. However, the Business Journal reported that key building permits have been secured by the developers and the ground-breaking is expected to initiate by the end of September. There have been numerous industry players associated with The Edith, including Sunbelt Holdings, Gensler for architectural design, and Largo Concrete Inc. with Landon Arciero, Arizona division manager for Largo Concrete, anticipating on a LinkedIn post that the work is poised to start by the end of September.
Edith's plans, originating back in 2018 from a city request for proposals, seemed to be indefinitely stalled by the unpredictable tides of the Covid-19 pandemic and economic uncertainties. Nevertheless, in a rejuvenated push to move forward, the development has recently recruited additional partners like the Pacific Hospitality Group, which is also part of the hotel's Meritage collection as previously told to the Business Journal. For context, this is the same group working alongside Mortenson on another notable project, the Hyatt Place Downtown Phoenix.
With the new hotel, Phoenix's downtown promises a renewed vitality as it is set to become one of the first major ground-up hotel projects in years and it aims to complement the city's plans, including the Phoenix Convention Center south building expansion, the developments that are transforming aging landmarks into fresh hospitality hotspots like the recently renovated Moxy and the historic Hotel San Carlos are also amassing a substantial $80 million overhaul. Given its scale and scope, Edith's impact on tourism and the local economy is not to be underestimated, as elaborated by the Business Journal.
