Del E. Webb Corp. Tells Plans for $92-Million HQ in Phoenix

Del E. Webb Corp. has announced plans for a $92.4-million corporate headquarters in Phoenix, on 7th Street between Catalina and Earll streets.

Construction is expected to begin in April, 1986, on the 1.4-million-square-foot complex, which will include two 12-story, 250,000-square-foot office towers, a 16-story, 270,000-square-foot residential tower with 160 condominiums, and a six-level, partially underground, 670,000-square-foot parking facility.

The first phase, including the Webb and residential towers, is targeted for completion in late 1987 or early 1988. The second-phase office tower is scheduled for construction, subject to market conditions, in 1988.

Three Webb subsidiaries will be involved in the project: Del E. Webb Commercial Properties Corp., partner and developer; Del E. Webb Realty & Management Co., which will manage and lease the space, and Del E. Webb Construction Services Co., the contractor.

The corporation is currently headquartered at 3800 N. Central Ave., Phoenix.