Vertical construction is inching closer for downtown Phoenix’s next major hotel – called The Edith. The $140 million high-rise project will total 180,000 square feet across 17 stories and 236 rooms, as well as 23,000 square feet of meeting space, a fitness center and spa, a ground-floor cafe and restaurant and a rooftop pool and bar. The Business Journal first reported on the proposed hotel in 2023, when high-profile Valley developer Sunbelt Holdings was linked to the project.