Here’s how Crown Realty got $121M worth of prime land for $54M


One simple, obvious question kicked off the process that unlocked thousands of acres of land in North Phoenix and cleared the way for what could be years of economic development in the City of Phoenix.

“We were standing on top of the big parking structure up (at High Street) and looking out over all of the vacant land up there,” said Robert Flaxman, CEO of Crown Realty & Development of his visit to the property in 2016. “I said to everybody, ‘What’s going on there?’ And there were all of these blank stares and no one seemed to know.”

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