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New vision for Camelback Colonnade: Federal Realty, RED JV proposes 255-unit apartments to replace Phoenix Century Library and Parking Lot

  • 3/17/2026

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Phoenix Business Journal

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Highlights
Federal Realty Investment Trust filed plans to build 255 apartments at a busy shopping complex
The project occupies 2.5 acres at Camelback Colonnade
Developers plan to relocate a Phoenix Public Library branch location

Federal Realty Investment Trust (NYSE: FRT)
Bob Franz | VP, US West Acquisitions
[email protected]
301-998-8100
RED Development
Barry Shannahan | EVP, Development
[email protected]
480-947-7772

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