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update 12/12/2007:  Project cancelled.

Proposed Downtown Project
Phoenix   

The historic Sun Mercantile Building, a 1920s-era structure located next to the America West Arena, is the last vestige of Phoenix's Chinatown. Sarver's development team plans to build a 39-story hotel and condo project on the block.  Their proposed design also includes a second, 11-story condo and mixed-use office space tower to be built directly on top of the Sun Mercantile.

"This is a unique, unique development," Colangelo said of the project, which would include 225 hotel rooms and at least 130 condominiums, as well as retail and meeting space, restaurants and a bar.

Price Range:  Not yet released

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