Activity is increasing in the downtown Phoenix housing market due to the new headquarters of the Translational Genomics Research Institute (TGen). City planners are inviting developers to bid on housing between Central Avenue and Seventh Street, from the Deck Park to Fillmore Street, according to The Business Journal.

Eric Brown of Artisan Homes credits TGen's presence for increasing demand for downtown housing. Artisan Homes developed downtown's Artisan Parkview and is proposing 105 nearby townhome-style units. Meanwhile, TGen is considering increasing its planned facility to 150,000 square feet from 100,000 to accommodate fledgling biotech companies and a National Institutes of Health diabetes research program, according to The Arizona Republic. Building design plans are currently being reviewed, and groundbreaking will take place this summer.

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More information:

Business Journal, 3/17/2003

The Arizona Republic, 3/8/2003