More Medical Investment Downtown

According to the Phoenix Business Journal, the Plaza Cos. has sold Phoenix Biomedical Plaza to the University of Arizona Foundation for $9.85 million. Evidently, they sold it at a loss, which is great for the UofA medical campus’ future growth.

This just points more and more to what I’ve been saying: downtown Phoenix will have over 20,000 students –as ASU predicts– in the next 5 years and the Garfield neighborhood is going to be the coolest little urban neighborhood this side of Berkley.