PHOENIX — Aardex Corp. is wasting little time in its effort to restore a more than 100-year-old downtown Phoenix building and redevelop the block it sits on.
The Denver-based real estate development firm will begin renovations later this month on the historic Gilbert-Pratt building after Phoenix City Council approved its development agreement on April 9, Aardex Principal Caleb Hebel told the Business Journal.
Council’s approval of its development agreement with Aardex comes a few weeks after it was recommended for approval by the city's economic development and housing subcommittee.
The mixed-use development will be constructed in two phases.
Read more of this story from the Business Journal.
