Phoenix city officials and project executives broke ground on the first phase X Phoenix. The 20-story apartment, retail and office project will be the first high-rise built west of 1st Avenue on Van Buren Street since City Hall was constructed in the mid-‘90s.
“I think Phoenix has a great future,” said Ryan Shear, principal of developer Property Markets Group (PMG). “We’re core builders, so this project is not just about real estate. We want to add to the community as a whole.”
This two-phase project is part of PMG’s “X Social Communities” brand of apartments (XSC). XSC residents can choose to rent their own apartment furnished or unfurnished, or participate in the Rent By Bedroom program to get a private bedroom and bathroom in a furnished suite with roommates.