Addition to historic downtown Phoenix building will include luxury hotel, condos managed by Fairmont
A historic building in downtown Phoenix will see a second life as a luxury hotel and condominiums managed by Fairmont Hotels and Resorts.The development will be co-owned by the Arizona Opportunities Industrialization Center, a vocational training nonprofit that has operated in Phoenix since 1967. The nonprofit has been housed in the two-story brick building at 39 E. Jackson St.
In early 2021, the Phoenix City Council OK'd building a 250-foot mixed-use development on top of the original building, which will generate funds to help support the nonprofit. Thunderbird Legacy Development is the other co-owner of the project and will serve as developer and general partner.
The project, called Fairmont Hotel and Residences Phoenix, will include 225 hotel rooms, including 34 suites, and 151 Fairmont-branded for-sale condo units. The condo units will occupy the 14th through 25th floors of the building and will range in size from one to three bedrooms and include penthouses. Sales for the condo units are expected to begin later this year and the development is slated to open in 2025.