Vacant Phoenix Office Building Has Been Transformed

A former office site in Uptown Phoenix is now a residential apartment complex with 163 available units.

Updated on Sept. 30, 2026 in Commercial

Vacant Phoenix Office Building Has Been Transformed

Live Poll

Should your community prioritize converting vacant office buildings into luxury apartments to address housing needs?

Developers have finished converting a long-vacant office building into a luxury apartment complex known as One Camelback. The project, located in Uptown Phoenix, has officially opened its doors with 163 residential units now ready for move-in.

Why it matters

The project repurposes a site that sat empty for nearly a decade, addressing the city's need for new residential inventory in a prime transit-connected district. This completion helps stabilize a high-profile location at the intersection of Central Avenue and Camelback Road that previously stalled.

One Camelback features a 150-foot atrium, a rooftop pool, a clubhouse, and a fitness center. Monthly rental rates for the 163 units currently range from $1,700 to $10,000.

The players

Kinella Capital

This investment firm took control of the site to complete the renovation and bring the residential project to market.

One Camelback

This is the name of the newly converted residential apartment complex located in the Uptown Phoenix area.

The details

Kinella Capital acquired the building in December to finalize construction and engineering work left unfinished by previous developers. The conversion successfully transformed a structure that had been dormant for almost ten years into a modern living space.

Kinella Capital acquired the building project in December.
Residents are scheduled to begin moving into the complex during early October.

Culture Shift

The One Camelback project mirrors a national trend of repurposing obsolete commercial office space to meet urban housing demand. This shift highlights a move away from legacy business districts toward mixed-use environments that emphasize residential living.

Prospective renters in the Uptown Phoenix area can now evaluate new housing options with varying price points beginning at $1,700. The opening introduces significant inventory to the local market, potentially influencing neighborhood foot traffic and regional demand.

The takeaway

The successful completion of One Camelback demonstrates that complex structural conversions can revitalize long-dormant urban landmarks. Interested residents should compare current neighborhood rent averages to determine if the amenities justify the price range at this specific location.