CaliberCos buys two-building, 300K SF Canyon Corporate Center at 25th Ave and Dunlap for proposed residential conversion

CaliberCos Inc. sees a big opportunity with a nearly vacant office campus. The Scottsdale-based wealth management and real estate investment firm has acquired the more than 300,000-square-foot, two-building Canyon Corporate Center from ViaWest Group which includes two parking garages. Caliber plans to renovate the buildings and develop a minimum of 400 apartment units with the possibility of going up to 700 units as there is also a vacant site within the parcel for possible future development.

Canyon Corporate Center, currently being referred to as Canyon, is at 2510 W. Dunlap Ave and to the east of Interstate 17. It is also also minutes away from the redevelopment of the Metrocenter shopping mall.

Caliber Companies (Nasdaq: CDW)
Roy Bade | Chief Development Officer

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