Intersection Development to Break Ground in Phoenix
The developer will start construction on the $70 million SISU Roosevelt and Arcada projects on November 6, 2026.
Updated on Oct. 21, 2026 in Openings & Closings
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Intersection Development is set to begin construction on two major Phoenix projects, the SISU Roosevelt and Arcada, on November 6, 2026. This $70 million investment aims to create a new destination for visitors in the downtown area.
Why it matters
The projects are designed to boost local tourism and activity by creating a walkable destination that integrates historic preservation with new modern construction. The initiative seeks to revitalize the Roosevelt Row area by connecting major street corridors.
The development plan represents a $70 million total investment into Roosevelt Row, including a 12-story tower that will add 125 new residences. The site also features a 3,500-square-foot outdoor space known as Mode.
The players
Intersection Development
This real estate firm specializes in urban mixed-use projects designed to revitalize city centers.
Clive Collective
This hospitality group manages multiple dining and nightlife venues across various urban markets.
The details
The development includes the historic Stoddard-Harmon House and features three new dining concepts operated by Clive Collective. A new pathway called the Fascination Street will connect McKinley and Roosevelt streets as part of the site integration.
Timeline
Groundbreaking for the SISU Roosevelt and Arcada projects is set for November 6, 2026.
Market Landscape
This development follows the pattern set by ongoing Roosevelt Row urban infill efforts by prioritizing density and historic preservation. It positions Intersection Development to compete for downtown resident and tourist traffic against other large-scale city projects.
Residents can expect new housing inventory in the downtown core following the completion of the 12-story tower. Visitors will gain access to three new dining options and a 3,500-square-foot outdoor community space.
The takeaway
The project signals a continued shift toward mixed-use density in downtown Phoenix. Residents should monitor future announcements for specific construction milestones that may impact traffic flow around the 800 block of North First Avenue.
Further reading
For more updates on commercial projects in the area, visit the Phoenix Openings & Closings section.
Source note: This article includes information reported by AZ Big Media.
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