Tallest Planned Phoenix Tower Rebranded
Arro Project Downtown Phoenix

Image / Rendering courtesy of Empire Group of Companies.

From Astra to Arro

Empire Group of Companies, through its luxury urban-infill division Aspirant Development, rebranded its Downtown Phoenix high-rise development from Astra to Arro. The mixed-use project will span 1.8 million square feet, anchored by a 541-foot tall tower. This will be Arizona’s tallest building upon completion.

Empire Group of Companies, through its luxury urban infill division Aspirant Development, rebranded its Downtown Phoenix high-rise project from its working name, Astra, to Arro – a mixed-use development poised to become the tallest building in Arizona upon completion. Spanning approximately 1.8 million square feet, Arro will be anchored by a 541-foot tall north tower and a 425-foot tall south tower. The project is designed to include residential, hospitality, office and retail offerings.

Arro will include The Optimist, a 250-key luxury lifestyle hotel concept planned for the north tower. The development will also feature a 380-unit Class A+ residential tower within the north tower, along with a rooftop restaurant. The south tower will include approximately 150,000 square feet of Class A office space, 30,000 square feet of retail and restaurant space, and a 275-unit luxury co-living component.

Diversified Partners is leading leasing efforts for the project’s retail. The project is expected to be permit-ready by the end of 2026, with an anticipated three-year construction timeline.

Sponsor Members

About Empire

For more than 40 years, Empire Group of Companies has been at the forefront of residential and commercial real estate development. It’s the result of a company culture that encourages and rewards not only hard work and dedication to its craft, but also differing perspectives, innovative thinking and collaborative decision-making. Most cutting-edge achievements are accomplished not by people acting alone, but by motivated, talented and complementary groups of individuals, which is what we have assembled at Empire.

Share This Story...

Sponsor Members

Receive Metro Phoenix Business News in your email...
✔ Weekly Updates     ✔ Local Insights      ✔ No SPAM

Tag Cloud

Metro Phoenix Alliance Member Directory Map

The Costco Business Center in Chandler has been under construction since Q3 2025 and will potentially be ready to open next month. #costco #costcobusinesscenter #metrophx #metrophoenix #chandleraz
Since 2015, there have been 142 expansions of European companies into Maricopa and Pinal counties, according to a new report from GPEC. These projects, consisting of 111 individual companies, have resulted in over $8.1 billion in investments and created about 15,000 jobs. #maricopacounty #pinalcounty #gpec #europeaninvestment #jobopportunity #metrophx #metrophoenix #silicondesert
A new Costco Business Center broke ground in late 2025 and has steadily moved through most phases of construction. The site at Alma School and Pecos (north of Loop 202) includes a 140,000 square foot building and 15-pump gas station. The opening date is expected to be late next month. #costcobusiness #chandleraz #wholesale #costco #metrophoenix #metrophx #businessmindset
Phoenix-based DarkPulse Inc. announced a new exclusive patent license agreement. The deal is with the Naval Air Warfare Center Weapons Division, part of the U.S. Department of the Navy. The agreement gives DarkPulse exclusive rights to key LADAR and sensing technologies. The agreement supports DarkPulse Inc.’s strategy to adopt and commercialize government-developed innovations. The company will embed these technologies into its engineering, installation, and security management solutions.
#ladar #silicondesert #phoenixaz #darkpulse #metrophoenix #metrophx
BNCCORP Inc. and its subsidiary BNC National Bank announced a definitive agreement to be acquired by OppFi Inc.. The deal includes cash and stock and values the transaction at about $130 million.

The merger combines two complementary, market-leading businesses. OppFi brings a strong digital lending platform. BNC adds a national bank charter and diversified banking infrastructure. Together, they will form a more scalable and diversified financial services company.

BNC National Bank operates as a community-focused commercial bank based in Glendale. It serves individuals and small to mid-sized businesses across Arizona and North Dakota. As of December 31, 2025, the bank reported about $1.1 billion in assets and $1.0 billion in deposits. Founded in 1987, BNC focuses on relationship-driven banking. It offers checking and savings accounts, consumer and commercial loans, wealth management, and digital banking. It also has strong expertise in business financing and SBA lending. #bncbank #oppfiinc #bncc #glendaleaz #metrophoenix
Phoenix-based Banner Health announced a major milestone on Monday. It completed more than 50 total artificial heart implant procedures—more than any center worldwide since 2022.

This achievement confirms its global leadership in artificial heart resources and technology. The system goes beyond patient care. It advises hospitals and device makers worldwide on patient selection, surgical procedures, and long-term management.

Banner Health now operates one of the busiest total artificial heart programs in the world. #bannerhealth #artificialheart #metrophx #silicondesert #bannerdesert
The Arizona Chamber of Commerce & Industry ( @azchamber ) announced the launch of the AZ AI Leadership Initiative. The objective of this coalition is to bring together industry experts, business leaders, and policymakers. They aim to strengthen Arizona’s role in next-generation technology, digital infrastructure, and workforce growth.

The initiative will advance smart tech policy. The goal is to strengthen the systems that power the digital economy. It will also keep Arizona’s regulations current as artificial intelligence and emerging technologies reshape industries statewide. #azchamber #silicondesert #commerce #metrophx #metrophoenix #innovation #digitaleconomy
GovCore Inc. has officially established its headquarters in Phoenix. The company provides software and compliance solutions for government licensing boards and regulatory agencies. The move marks a major step in the company’s continued expansion in the United States.

The new headquarters is located at 101 E. Washington Street in Downtown Phoenix. The office sits inside One Arizona Center. By choosing Phoenix, GovCore positions itself within one of the country’s fastest-growing technology and government services markets, while also gaining access to a strong talent pool and a rapidly expanding innovation ecosystem. #govcore #phxaz #metrophx #metrophoenix #dtphx #silicondesert #phoenixaz #compliance
The Costco Business Center in Chandler has been under construction since Q3 2025 and will potentially be ready to open next month. #costco #costcobusinesscenter #metrophx #metrophoenix #chandleraz
Since 2015, there have been 142 expansions of European companies into Maricopa and Pinal counties, according to a new report from GPEC. These projects, consisting of 111 individual companies, have resulted in over $8.1 billion in investments and created about 15,000 jobs. #maricopacounty #pinalcounty #gpec #europeaninvestment #jobopportunity #metrophx #metrophoenix #silicondesert
A new Costco Business Center broke ground in late 2025 and has steadily moved through most phases of construction. The site at Alma School and Pecos (north of Loop 202) includes a 140,000 square foot building and 15-pump gas station. The opening date is expected to be late next month. #costcobusiness #chandleraz #wholesale #costco #metrophoenix #metrophx #businessmindset
Phoenix-based DarkPulse Inc. announced a new exclusive patent license agreement. The deal is with the Naval Air Warfare Center Weapons Division, part of the U.S. Department of the Navy. The agreement gives DarkPulse exclusive rights to key LADAR and sensing technologies. The agreement supports DarkPulse Inc.’s strategy to adopt and commercialize government-developed innovations. The company will embed these technologies into its engineering, installation, and security management solutions.
#ladar #silicondesert #phoenixaz #darkpulse #metrophoenix #metrophx
BNCCORP Inc. and its subsidiary BNC National Bank announced a definitive agreement to be acquired by OppFi Inc.. The deal includes cash and stock and values the transaction at about $130 million.

The merger combines two complementary, market-leading businesses. OppFi brings a strong digital lending platform. BNC adds a national bank charter and diversified banking infrastructure. Together, they will form a more scalable and diversified financial services company.

BNC National Bank operates as a community-focused commercial bank based in Glendale. It serves individuals and small to mid-sized businesses across Arizona and North Dakota. As of December 31, 2025, the bank reported about $1.1 billion in assets and $1.0 billion in deposits. Founded in 1987, BNC focuses on relationship-driven banking. It offers checking and savings accounts, consumer and commercial loans, wealth management, and digital banking. It also has strong expertise in business financing and SBA lending. #bncbank #oppfiinc #bncc #glendaleaz #metrophoenix
Phoenix-based Banner Health announced a major milestone on Monday. It completed more than 50 total artificial heart implant procedures—more than any center worldwide since 2022.

This achievement confirms its global leadership in artificial heart resources and technology. The system goes beyond patient care. It advises hospitals and device makers worldwide on patient selection, surgical procedures, and long-term management.

Banner Health now operates one of the busiest total artificial heart programs in the world. #bannerhealth #artificialheart #metrophx #silicondesert #bannerdesert
Metro Phoenix Alliance Member Directory Map