Donald Trump Investing In Phoenix Commercial Real Estate Market

The growth of the Commercial Real Estate market in Phoenix Arizona continues to attract some of the nation’s most prominent names in Commercial Real Estate development. According to an article published by the Arizona Republic of Dec 3, 2004, by Erica Sagon, the well known commercial real estate developer, Opus West Corp has announced plans for the development of a condominium tower development in the Camelback corridor, an up and coming upscale area marked by high style shopping and dinning attractions. According to the article, the firm plans to build hundreds of residential condominiums which is projected to cost home buyers about $500,000 per unit. The convenience of such location will enable residents to walk to everything according to Keith Mishkin a condo broker.

Donald Trump Investing in Phoenix Real Estate Project

One of the foremost names in the United States Commercial real Estate Market, Donald Trump is also interested in the Camelback Corridor project according to the Arizona Republic article. Trump operates an empire of real estate developments all across the United States, and is also well known for his Gambling Casino and Gaming centers both in Las Vegas, New Jersey and Indiana. Trump has become the most high-profile commercial developer in the nation to join in the Camelback Corridor project. According to reports, Trump plans to build a luxury condo-hotel project on the area formerly occupied by Hard Rock Café. The interest of such persons as Donald Trump in the Phoenix Commercial Real Estate market indicates that the boom of the Phoenix Real estate market has reached new heights.

Implications of such projects for Arizona’s Economy

Developments such as the Camelback Corridor Project will undoubtedly add hundreds of jobs to the Arizona’s economy. It is also likely that Donald Trump may also be interested in other developments in Phoenix once the Camelback Corridor project is completed. Such developments will also booster trade and tourism, and will likely draw more residents to Phoenix which has become the second fastest real estate market in the nation.