JDM Partners is planning a major transformation in central Phoenix:
- Project Name: 2400 Biltmore Residential
- Location: NE corner of 24th Street and Arizona Biltmore Circle
- Scope: 203 luxury condo units
- Unit Mix: 1 to 4 bedrooms
- Mixed-Use Features:
- 5,000 sq ft of restaurant space
- 11,000 sq ft of office space
- Target Buyers: Downsizers and second-homeowners
- Current Site: Three outdated 1980s office buildings to be demolished
- Developer: JDM Partners (Jerry Colangelo’s firm)
📌 Why It Matters for Investors
- High-end demand persists in the Biltmore area.
- Office-to-residential conversions are reshaping urban infill.
- Rezoning pending — investor eyes should be on City Council activity.
- Affluent, walkable neighborhoods like Biltmore offer strong resale value.