OKOA Capital-owned office building near former Metrocenter Mall to be torn down amid redevelopment wave

6/18/2026

|

Phoenix Business Journal

|

• Subcategory: Office: Urban

• Tag: New Construction | Opportunity Zone (OZ) | Redevelopment | Rezoning

• Additional Filters-Subcategory: Office: Garden

• Additional Filters-Tags: Zoning Approved

Highlights
Phoenix issued a demolition permit for a 118,970-square-foot office building on June 11
Okoa Capital acquired the 6.43-acre property in April 2024 after bankruptcy
Other developers are redeveloping vacant buildings near the former Metrocenter Mall site