North Phoenix’s long-stalled CityNorth project is finally moving forward, and real estate investors should take notice. Here’s what you need to know:
Key Highlights of the CityNorth Development
- $2 billion mixed-use project covering nearly 100 acres.
- 3,416 housing units planned, ranging from apartments to potential senior housing and condos.
- 1.8 million square feet of office space—a new business hub in North Phoenix.
- 100,000 square feet of retail and dining options for residents and visitors.
- 1,000 hotel rooms, including a dual-branded Marriott-Westin expected to open in 2027.
- Republic Services’ new HQ will bring 1,000 employees with expansion plans for 600 more jobs.
- Mayo Clinic expansion set to attract biotech and healthcare investments.
Why This Matters for Investors
✅ Property Values on the Rise – Large-scale developments drive demand for nearby rentals and homeownership.
✅ Increased Tenant Demand – Thousands of new jobs from corporate offices, hospitality, and healthcare will fuel the rental market.
✅ Retail & Hospitality Growth – More amenities make this area attractive for long-term residents.
✅ Strategic Location – Located off Loop 101, next to Desert Ridge Marketplace, ensuring accessibility and high traffic.
Investment Opportunities
- Buy-and-Hold Rentals – With an influx of professionals and medical staff, rental demand will increase.
- Short-Term Rentals – The new hotels signal tourism growth, making Airbnb and vacation rentals more viable.
- New Construction – If you’re looking to develop, the area’s infrastructure improvements make it easier.
Final Takeaway
North Phoenix is booming, and CityNorth is a prime example of why investors should pay attention. Whether you’re looking to buy, rent, or develop, this project is a sign of continued growth in one of Phoenix’s most desirable areas.
🚀 Want to capitalize on this opportunity? Make sure your real estate strategy aligns with this new wave of development!