Fairmont Planning 25-Story Downtown Phoenix Tower by CRE Development Capital | Apr 1, 2023 | Opportunity zones Credit: Gensler/Fairmont Hotels & Resorts/Thunderbird Legacy Development) SHARE By Fairmont Hotels & Resorts Fairmont Hotels & Resorts – part of hospitality group Accor – together with Thunderbird Legacy Development, announced the signing of definitive agreements for the development and management of a new Fairmont Hotel and Residences in downtown Phoenix. Scheduled to open in early 2025, Fairmont Phoenix will offer a luxury hotel and residential experience unlike anything in the downtown market and will join a portfolio of iconic luxury hotels in North America. Fairmont Phoenix will be located in downtown Phoenix at the southern end of the Central Business District, near the Phoenix Convention Center, the sports and entertainment district and the emerging Warehouse District. The 25-story property will feature 225 guestrooms, including 34 suites, and 151 Fairmont branded residences. The guestrooms will represent the highest quality room in the downtown Phoenix market with sweeping views of downtown, Tempe, and Camelback Mountain. Fairmont Phoenix will be host to an innovative cuisine and beverage program appealing to locals, owners and in-house guests across four bars and restaurants, including a full-service restaurant, a lobby bar, a rooftop pool & specialty bar and a gourmet café. Additional property features will include more than 23KSF of flexible meeting space; a spa and wellness center inclusive of five treatment rooms and a health club; a rooftop pool and terrace providing an urban resort ambience; an 18KSF lounge; a business center and retail space. The residential element will serve as an urban sanctuary that includes a unique collection of one-to three-bedroom residences, plus a collection of penthouses, occupying floors 14-25 of the building. Homeowners will have exclusive access to their own amenities, including an owner’s lounge, outdoor swimming pool and hot tub, fitness center, dedicated parking, a private entrance and more. The residences will represent the first branded-residential condominiums in the central Phoenix market and will be among the most luxurious residential offerings in the city. Polaris Pacific is spearheading the residential sales and marketing. Thunderbird Legacy Development will serve as the developer and general partner. Thunderbird has selected renowned global design firm Gensler as the appointed architect, with Project Management Advisors serving as general contractor and overseeing management of the project. All design firms are working in close collaboration with Accor’s Luxury Design & Technical Services team. Thunderbird Legacy Development will co-own the project with the Arizona Opportunities Industrialization Center, an active historic non-profit organization providing a network of comprehensive employment training and workforce development programs in Phoenix.