Work underway on Creighton University's midtown Phoenix medical school
Now that Creighton University is moving dirt on its $100 million medical school at Park Central Mall in midtown Phoenix, other pieces of the development are falling into place.
The new campus will make Nebraska-based Creighton the largest Catholic medical school in the nation, said Sharon Harper, CEO of Peoria-based real estate firm Plaza Cos.
Plaza Cos. is working with Tucson-based Holualoa Cos. to redevelop Park Central Mall into office and retail space on a campus that will include the medical school and a 278-unit apartment community.
Holualoa sold the 1.6-acre parcel on Sept. 20 for $7.1 million to Houston-based The Dinerstein Cos., which will build a nine-story, $45.6 million apartment community on the site. The project architect is Cunningham Group.
Dinerstein, which built Sterling 920 Terrace as student housing near Arizona State University’s Tempe campus in 2018, recently sold that property for $115 million, according to Vizzda LLC, a Tempe-based real estate database.