Civic Group JV plans $135M reboot of historic, office Security Building in Downtown Phoenix into 255-room hotel

8/25/2026

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Phoenix Business Journal

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• Subcategory: Office: CBD

• Tag: Adaptive Reuse | Conversion | Proposed

• Additional Filters-Subcategory: Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Hotel, Historic

Highlights
CivicGroup and Sunflower Development will invest $135 million renovating the Security Building into a 255-room hotel
Phoenix City Council may approve up to $10 million in public improvements and historic preservation reimbursement
The Security Building, built in 1928, will restore hidden historic features beneath drywall and carpet