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    Home»Planning & Development»Astra Construction Delayed Due to Financing
    Planning & Development

    Astra Construction Delayed Due to Financing

    BEX StaffBy BEX StaffAugust 19, 2025No Comments1 Min Read
    Credit: Aspirant Development/The Arizona Republic
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    By BEX Staff for AZBEX

    Aspirant Development, owner of The Astra Phoenix mixed-use tower development on 2.18 acres in downtown Phoenix, is pushing back the project’s construction start until the latter half of next year.

    Originally planned to start work in 2025, local news reports say the developer is still finalizing financing.

    If built to plan, Astra will become Phoenix’s tallest building, with a height of 541 feet. According to DATABEX, “The proposal calls for a luxury hotel, office, apartments and ground-floor restaurant and retail space. The apartments are planned to include both traditional units and co-living units, where residents rent a bedroom and bathroom and share a common space with roommates who are on separate leases.

    “It would be built in two phases and total 697 apartment units, 229 hotel rooms, 185KSF of office and 36KSF of commercial space for restaurants or stores.”

    DATABEX also disclosed in a recent status update Layton Construction has been chosen as the general contractor. Gensler is the design firm.

    apartments/condos Aspirant Development commercial Gensler hospitality Hotels/Resorts/Casinos Layton Construction Mixed-Use multifamily office Private retail
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