Plans are in the works to convert the Sheraton Crescent Hotel along Interstate 17 and Dunlap Avenue into apartments.
The 342-room hotel near the old Metrocenter Mall has been closed and in receivership for the last three years.
Now the real estate company Foundation 8, has partnered with Arizona-based Trillium Residential and Gia Hospitality to convert the hotel into apartments, plus additional residential buildings on the property — that’s according to the real estate publication CRE Marketbeat.
The converted hotel will be called the Crescent and plans include utilizing existing amenities, including swimming pools, tennis courts, a business center and two restaurants. It’s unclear when the Crescent will be completed, but the project is expected to cost $120 million.
-
Attorney General Kris Mayes is suing OpenAI, saying its chatbot exposes minors in Arizona to a range of serious harms that the company failed to disclose. -
Arizona-based Harkins Theatres has reached a deal with movie studio A24, after previously being unable to secure a mutually agreeable partnership last month, the chain said. -
A House bill to speed repairs at the Grand Canyon’s North Rim after the huge Dragon Bravo Fire in July 2025 is inching forward. But businesses dependent on tourism are getting impatient. -
Last month, Corporation Commissioner Lea Márquez Peterson asked Arizona utilities to explain how prices and reliability could be impacted if the Pacific Northwest's Bonneville Power Administration does not join their new resource trading market. -
Attorney General Kris Mayes filed a lawsuit, accusing TikTok of violating the state’s consumer protection laws.
