Major Reinvestment Focus Areas

​Downtown Phoenix

Downtown Desert Sunspots Downtown Phoenix is the heart of the Phoenix metropolitan area. From 2006 to 2011, approximately $4 billion of private and public capital will have been invested in the 1.5 square mile downtown area. In addition to the to the 83,000 workers who make downtown their daytime home, more than 10 million people visit the areas many cultural, sports, and entertainment venues each year.

In December 2004, the Phoenix City Council adopted a plan entitled “Downtown Phoenix: A Strategic Vision and Blueprint for the Future to establish a roadmap for the next 10 years of downtown development. The Strategic Vision and Blueprint builds off of the significant public and private initiatives currently underway in Downtown Phoenix, including the Phoenix Biomedical Campus, Valley Metro Rail transit system, the new 1,000 room Sheraton hotel, the development of the new Arizona State University Downtown Phoenix campus, the establishment of the University of Arizona medical school, and the development of approximately 2,000 student housing units. The plan also calls for more than 600,000 square feet of retail and entertainment space, 10,000 new jobs, urban-oriented academic and biomedical campuses, continued focus on the arts and historic preservation, and strong pedestrian environments. In 2007, a "Two-Year Progress Update" was released.

In December of 2013, the Phoenix City Council adopted a study entitled the "Adams Street Activation Study" to focus on several key blocks in downtown Phoenix that connect the Phoenix Convention Center to several tourist and convention hotels and to the light rail transit system. While the great recession slowed some of the growth in downtown Phoenix, this study allowed for the City to reach out to community, area and business stakeholders to look at ways to activate this critical gateway in the heart of downtown Phoenix. The Adams Street Activation Study is available for download below as an executive summary format and as a complete document.

Phoenix Biomedical Campus

Biomed Campus Four Buildings The city of Phoenix is committed to furthering the well being of our citizens through biomedical research and direct patient care. The city-owned Phoenix Biomedical Campus (PBC) is a 28-acre urban medical and bioscience campus planned for more than six million square feet of biomedical-related research, academic and clinical facilities.

We believe that the PBC is the premier and dynamic location for research activities. It will contain the highest concentration of research scientists and complementary research professionals in the region providing firms with unprecedented opportunities for growth and collaborative efforts with the Translational Genomics Research Institute (TGen), International Genomics Consortium (IGC), National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), University of Arizona College of Medicine - Phoenix, Arizona Biomedical Collaborative and Phoenix Union Bioscience High School - all of which have been attracted to downtown in the past few years.

The PBC will provide an exceptional location for firms to recruit the most talented doctors and researchers. Present tenants include:

  • The Translational Genomics Research Institute (TGen) and the International Genomics Consortium (IGC) headquarters opened in December 2004 in a $46 million, six-story, 170,000 square foot laboratory and research facility.
  • The National Institute of Diabetes and Digestive and Kidney Disorders (NIDDK) laboratories identifies and characterizes susceptibility genes for diabetes and obesity as these affect the Native American population.
  • The University of Arizona College of Medicine - Phoenix began with 24 students in fall 2007 and expects to expand to 120 students annually. They are located in the renovated historic former Phoenix Union High School buildings along Van Buren between 5th and 7th streets.
  • The University of Arizona College of Pharmacy - Phoenix opened an office in the city-owned TGen facility in 2007. A core of key administrative staff direct Phoenix-based operations and plan the expansion of post-degree, PhD and PharmD activities to come.
  • St. Joseph's Hospital and Medical Center research laboratories on the PBC allow for interaction between TGen and investigators from Barrow Neurological Institute, the Heart & Lung Institute and other academic and clinical divisions of St. Joseph's Hospital.
  • VisionGate, who is relocating from the Seattle area, is committed to applying its technologies to the early detection of lung cancer and will establish and operate a public biomedical research lab within the TGen / IGC facility.
  • BioAccel is a non-profit organization dedicated to transforming discoveries into new business opportunities that accelerate commercialization of life science technologies.
  • The Arizona Biomedical Collaborative I (ABC I) a four story building of approximately 85,000 square feet. The facility is located along 5th Street south of the TGen/IGC headquarters. The ABC I houses the ASU Department of Bioinformatics and wet lab space for the U of A College of Medicine, diabetes, cancer, and neurological research.
  • Phoenix Union Bioscience High School, located in close proximity to the Phoenix Biomedical Campus, prepares tomorrow's scientists, engineers and medical professionals by providing students a unique science education through intensive collaboration with the academic and scientific communities in downtown Phoenix.

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ASU Downtown Phoenix Campus

ASU Four Buildings Arizona State University (ASU) is partnering with the city of Phoenix to develop the ASU Downtown Phoenix campus, thanks to a $223 million commitment from Phoenix voters in the 2006 bond election.  At build-out, the campus will be home to 15,000 students, 4,000 beds, 1.5 million square feet of academic and support space, 900,000 square feet of private development, at least 1,800 faculty and staff and 100,000 visitors annually.

The campus began its sixth year of operation on August 19, 2011 with approximately 9,400 students taking classes downtown. Phase II was completed with the opening of Taylor Place student residence hall (capacity 1,294), nearly $5 million in streetscape improvements along Taylor and First Streets, the new home of the Cronkite School of Journalism and KAET Eight, as well as the new headquarters for the College of Nursing & Health Innovation. There are more than 1,100 students living on the campus that employs 1,250 faculty and staff. The ASU Downtown Phoenix Campus currently attracts an estimated 57,000 visitors per year.

The ASU Downtown Phoenix campus has twice been awarded the C. Peter Magrath University Community Engagement Award for the Western region, which recognizes the outreach and engagement partnerships of four-year public universities. The 2008 award recognized ASU's partnership with the city of Phoenix and the 2009 award acknowledged ASU's American Dream Academy that helps parents in low-income, disadvantaged areas learn how to transform their children's educational experience.

This city of Phoenix and ASU partnership has created jobs, new public revenues, attracted significant private investment and brought great educational opportunities to the central city. The anticipated economic impact is $570 million, including the creation of 7,700 jobs.

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Discovery Triangle

The Discovery Triangle is a 25-square-mile economic growth area in the heart of Arizona’s Valley of Sun. The 16,000-acre region, which encompasses the dense urban areas of downtown Tempe and Phoenix, as well as the expansive outdoors of Papago Park, offers an amenity-rich environment for businesses and residents.

The Discovery Triangle capitalizes on existing infrastructure, transportation corridors and hundreds of cutting-edge companies by connecting assets to foster a spirit of innovation. Its inclusion of top-tier higher educational institutions provides the source for a well-educated workforce, while its immediate proximity to Phoenix Sky Harbor International Airport provides a gateway to the world.

Balanced by nature, arts, culture, professional sports and a variety of affordable housing options, its quality-of-life appeal is a huge attraction to all types of businesses ranging from large corporations to budding entrepreneurial ventures. Those seeking to plant their roots in the Discovery Triangle find that it’s not only an economically viable, fertile ground for new ideas, but also an extremely desirable choice for their overall lifestyle.