Phoenix has adopted an agreement for a new development at Central Avenue and Madison Street. The project involves preserving a historic building that dates back to the early 20th century.
Denver developer Aardex is planning the construction of a $117 million multifamily apartment-commercial space. The area includes the Pratt-Gilbert Building, which was previously an equipment machine store and attorneys’ offices.
Over time, the building was modified. Helana Ruter, a historic preservation officer with the city, says one of the building’s added features deterred its eligibility for a historic designation…