With much of Phoenix built out, developers are finding ways to repurpose old sites. Here are a few such projects currently being built in Phoenix.

Hixon Properties wants to build apartments along Broadway near its office and retail developments, but is struggling with financing.

PV Apartments A 335-unit luxury apartment building in northeast Phoenix is being built at the site of the former Paradise Valley Mall in northeast Phoenix.

Phoenix multifamily stays resilient In the metro Phoenix multifamily market, 27,700 multifamily units came online year-over-year as of March 2025, according to Institutional Property Advisors.