Intersection Development, a Phoenix-based real estate development firm, is breaking ground next month on two projects, SISU Roosevelt and Arcada, that total an investment of more than $70 million.
The developments will bring 125 new homes to the area as well as reuse and preserve historic buildings for dining concepts by Clive Collective, the company behind The Americano, Tell Your Friends and Neon Spur.
SISU will be a 12-story, mixed-use tower at 821 N. First Avenue while Arcada, located at 801 N. First Avenue, will be anchored by Ada, a Coastal American restaurant located in Stoddard-Harmon House that will use wood-fired cooking and have a raw bar. They are meant to further Intersection Development’s planned pedestrian connection through Roosevelt Row called Fascination Street. It is expected to have lighting, landscaping and interactive media…