Phoenix — Denver-based development firm Aardex has completed the renovation of One West Madison, a historic adaptive reuse project located in downtown Phoenix. The 27,000-square-foot building has been transformed into move-in ready retail space.
Constructed more than a century ago, One West Madison was acquired by Aardex in 2022. The development includes approximately 13,500 square feet of ground floor retail space, along with an activated basement level.
The basement level will introduce The Vault on Madison, a climate-controlled self-storage concept, which is anticipated to open May 1. Additional basement space remains available to support expanded food and beverage or entertainment uses.
Teale Bloom and Courtney Auther of Phoenix Commercial Advisors are handling leasing on behalf of ownership.