Biltmore Fashion Park to raze east-side buildings

According to news from the Phoenix Business Journal, construction crews are headed to 24th Street and Camelback Road to demolish two buildings at Biltmore Fashion Park.

“Karen Litton, senior property manager for the center, said that its two eastern-most buildings will be torn down this summer.

During the height of the real estate boom, Westcor had proposed condominium towers on that portion of the center’s grounds. While nothing will be built at this point, demolition will get started this summer. For now, crews will create a larger parking area for customers.

“We are priming the area for future use. We are encouraged that when the market returns, we will be well-positioned for the future,” Litton said.”

They are preparing for the demolition, starting in May, with the actual time set for sometime in June.  It is a time for rethinking our investments and the way that the market is heading.  I think it is wise that people are taking these opportunities to look to the future for their next positive step.