Phoenix, December 6, 2025
A real estate developer has acquired the One Camelback property in Phoenix’s Camelback Corridor, with plans to complete a luxury tower on the site. This acquisition highlights the area’s growing demand for upscale residential and commercial spaces. As Phoenix continues to thrive in real estate activity, One Camelback’s redevelopment is expected to further contribute to the area’s economic growth.
Phoenix, Arizona
Developer Purchases One Camelback, Plans to Complete Luxury Tower
December 6, 2025
PHOENIX, Arizona – A prominent real estate developer has acquired the One Camelback property in Phoenix’s Camelback Corridor, with intentions to complete the construction of a luxury tower on the site. This acquisition marks a significant development in the area’s real estate landscape.
Property Details
One Camelback is situated at the intersection of Camelback Road and Central Avenue, a prime location in Phoenix’s Camelback Corridor. The property has experienced various ownership changes and redevelopment plans over the years, reflecting its potential and the area’s evolving real estate market.
Developer’s Plans
The new owner has outlined plans to finalize the construction of a luxury tower on the One Camelback site. Specific details regarding the project’s design, scale, and timeline have not been publicly disclosed. The developer’s focus on this project underscores the growing demand for upscale residential and commercial spaces in Phoenix.
Market Context
The Camelback Corridor has seen a surge in real estate activity, with several high-profile transactions and redevelopment projects in recent years. Notably, in October 2024, the 24th at Camelback II office building sold for nearly $100 million, marking one of the highest office property sales in the Valley since 2022. Additionally, in March 2025, the Seattle-based architectural firm Olson Kundig announced plans for a luxury condominium project at the base of Camelback Mountain, further highlighting the area’s appeal to developers and investors.
Conclusion
The acquisition of One Camelback and the planned completion of its luxury tower signify a continued investment in Phoenix’s real estate market, particularly in the Camelback Corridor. As development progresses, the project is expected to contribute to the area’s economic growth and urban development.
Frequently Asked Questions (FAQ)
What is One Camelback?
One Camelback is a property located at the intersection of Camelback Road and Central Avenue in Phoenix’s Camelback Corridor. It has undergone various ownership changes and redevelopment plans over the years.
Who is the new owner of One Camelback?
The new owner is a prominent real estate developer who has acquired the property with plans to complete the construction of a luxury tower on the site. Specific details about the developer have not been publicly disclosed.
What are the plans for the One Camelback property?
The developer intends to finalize the construction of a luxury tower on the One Camelback site. Specific details regarding the project’s design, scale, and timeline have not been publicly disclosed.
What is the Camelback Corridor?
The Camelback Corridor is a prominent area in Phoenix known for its commercial and residential developments. It has seen significant real estate activity, including high-profile transactions and redevelopment projects in recent years.
What other developments have occurred in the Camelback Corridor?
In October 2024, the 24th at Camelback II office building sold for nearly $100 million, marking one of the highest office property sales in the Valley since 2022. Additionally, in March 2025, the Seattle-based architectural firm Olson Kundig announced plans for a luxury condominium project at the base of Camelback Mountain.
Key Features of the One Camelback Project
| Feature | Description |
|---|---|
| Location | Intersection of Camelback Road and Central Avenue, Phoenix’s Camelback Corridor |
| New Owner | Prominent real estate developer (specific details not publicly disclosed) |
| Project Plan | Completion of a luxury tower (specific details not publicly disclosed) |
| Market Context | Surge in real estate activity in the Camelback Corridor, including high-profile transactions and redevelopment projects |
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