dEVEloPER oF ThE yEAR
REd dEVEloPMENT Winner oF Best HospitaLity proJect: HOTEL PALOMAR PHOENIX
Winner oF tHe Best retaiL proJect: SHOPS AT TOWN & COUNTRY
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HOTEL PALOMAR PHOENIX
HOTEL PALOMAR PHOENIX 62 | March-April 2013
n 2012, RED Development completed Phase I of the redevelopment of Town & Country, which included the addition of a new Nordstrom Rack and 20,000 SF of new shop space which is 100% leased. This spring, a new Whole Foods will open and RED will start work on Phase II of the redevelopment. RED also opened Hotel Palomar Phoenix, a Travelocity top-rated 242-room boutique hotel at RED’s signature project, CityScape. Construction on the apartments at CityScape has begun as this dynamic mixed-use project continues to take shape. With national reach from its headquarters in Phoenix, RED guides a high-quality portfolio of more than 35 retail, commercial and mixed-use properties totaling more than 17 MSF across 11 states. Over the past two years, RED has significantly grown its presence in Arizona through the acquisition of well-positioned real estate properties.