The 200 Monroe project is now under construction, and the project’s name is officially ‘X Phoenix’.
Chicago-based PMG Group is building a 1.2 million square foot, 23-floor residential facility on the 2-acre site located on the Southwest corner of 2nd Avenue and Van Buren, just blocks from the ASU Downtown campus. The new property will be part of PMG’s ‘X’ brand.
‘PMGx Social Communities’ is a sub-brand of PMG aimed squarely at Millennials, and its properties offer a more communal-style of living that places a strong emphasis on shared spaces. When it opens around Fall 2021, the Phoenix location will be the newest and third-largest of 9 ‘X’ communities around the country, including 4 in Florida, 2 in Chicago, 1 in Denver, and 1 in Oakland, CA.
The finished structure will include 553 residential units, just under 1000 parking spaces, about 46,000 square feet of ground-floor retail space, and rise to 279 feet, according to documents obtained through a public information request.
The project will feature a very large amenities deck that includes a giant hot tub and pool, outdoor bar and lounge, performance stage, and lawn. Other amenities will include a coworking lab, gym, fitness studio and ‘sky dog park’, according to the company’s website.
Currently, the parking structures on the 2-acre lot are all demolished, along with an old auto-servicing building, and the parking lot is in the process of being removed.
The City of Phoenix also operates a live webcam that provides a decent view of the lot.