{"id":48903,"date":"2026-04-24T07:39:04","date_gmt":"2026-04-24T04:39:04","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=48903"},"modified":"2026-04-20T15:40:24","modified_gmt":"2026-04-20T12:40:24","slug":"aardex-adaptive-reuse-historic-retail-downtown-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/","title":{"rendered":"Aardex Completes Adaptive Reuse Renovation of Historic Retail Property in Downtown Phoenix"},"content":{"rendered":"

Denver-based development firm Aardex recently announced the completion of renovation work at One West Madison in downtown Phoenix. The extensive adaptive reuse project delivered a fully modernized, flexible, and move-in ready property that incorporates 27,000 square feet of commercial space in the heart of Phoenix at one of the city\u2019s most active and visible locations.<\/p>\n

Acquired by Aardex in 2022, One West Madison has more than a century of history, which the developer tried to honor during the renovation by preserving the character and scale of the original structure. Historically known as the Pratt-Gilbert Building, the property now includes roughly 13,500 square feet of ground-floor, central Phoenix retail space<\/a>, as well as an activated basement level \u2014 a rarity in the market \u2014 and opportunities for experiential uses.<\/p>\n

\u201cCompleting One West Madison represents an important milestone in our broader downtown Phoenix strategy,\u201d said Caleb Hebel, principal at Aardex. \u201cWe saw an opportunity to take a historic building in a location that continues to gain momentum and reposition it as a high-quality, adaptable space that\u2019s ready to be used right away. Its size and layout open the door for a wide range of concepts from flagship retail and food hall uses to experiential and entertainment-driven tenants.\u201d<\/p>\n

The project design sought to emphasize openness and visibility with storefront windows on three sides, ceiling heights up to 18 feet and exposed structural elements. Indoor-outdoor connectivity and planned patio seating support flexible use and an active streetscape.<\/p>\n

Additionally, the renovation featured fully upgraded building systems, including new plumbing, electrical, fire, life safety, and security and HVAC systems, as well as a Cordia chilled water loop that was designed for efficient, cost-effective operations.<\/p>\n

At the basement level, Aardex will introduce The Vault on Madison \u2014 a climate-controlled self-storage concept that is anticipated to open next month. In addition to The Vault, basement space remains available to support expanded food and beverage or entertainment uses, including the possibility of speakeasies, cigar lounges, game-driven venues or other experiential offerings.<\/p>\n

Teale Bloom and Courtney Auther of\u00a0Phoenix Commercial Advisors\u00a0are working on behalf of Aardex as leasing brokers on the project.<\/p>\n

\u201cThis building has the kind of presence that\u2019s hard to replicate, from its size and visibility to how it sits within the fabric of downtown,\u201d Bloom said. \u201cThere are very few spaces in Phoenix that offer this level of access and flexibility. Tenants have a rare opportunity to step into the core of downtown without the typical lead time of new development, and we\u2019re excited to help bring in concepts that build on the energy already happening around this project.\u201d<\/p>\n

Located just steps away from the Footprint Center and Chase Field, One West Madison overlooks the downtown Phoenix Entertainment District and is adjacent to the local light rail, which makes it a highly accessible destination. Additionally, the site provides ample dedicated parking, which is another rare feature in downtown Phoenix.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aardex redeveloped the historic Pratt-Gilbert Building in central Phoenix, and delivered precmium new retail space and an activated basement level, while preserving the character and scale of the original structure.<\/p>\n","protected":false},"author":48,"featured_media":48906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,40],"tags":[],"class_list":["post-48903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-retail","wpautop"],"acf":[],"yoast_head":"\nRedevelopment Delivers New Phoenix CBD Retail Space | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Aardex wraps up the Pratt-Gilbert Building adaptive reuse renovation, delivers 13,500 square feet of new retail space in central Phoenix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aardex Completes Adaptive Reuse Renovation of Historic Retail Property in Downtown Phoenix\" \/>\n<meta property=\"og:description\" content=\"Aardex wraps up the Pratt-Gilbert Building adaptive reuse renovation, delivers 13,500 square feet of new retail space in central Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-24T04:39:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ioana Ginsac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/\",\"name\":\"Redevelopment Delivers New Phoenix CBD Retail Space | CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg\",\"datePublished\":\"2026-04-24T04:39:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\"},\"description\":\"Aardex wraps up the Pratt-Gilbert Building adaptive reuse renovation, delivers 13,500 square feet of new retail space in central Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg\",\"width\":800,\"height\":450,\"caption\":\"phoenix central business district skyline\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aardex Completes Adaptive Reuse Renovation of Historic Retail Property in Downtown Phoenix\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\",\"name\":\"Ioana Ginsac\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96\",\"caption\":\"Ioana Ginsac\"},\"description\":\"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.\",\"jobTitle\":\"Senior Content Writer, Industry News & Reports\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/ioana-ginsac\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Redevelopment Delivers New Phoenix CBD Retail Space | CommercialCafe","description":"Aardex wraps up the Pratt-Gilbert Building adaptive reuse renovation, delivers 13,500 square feet of new retail space in central Phoenix.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/","og_locale":"en_US","og_type":"article","og_title":"Aardex Completes Adaptive Reuse Renovation of Historic Retail Property in Downtown Phoenix","og_description":"Aardex wraps up the Pratt-Gilbert Building adaptive reuse renovation, delivers 13,500 square feet of new retail space in central Phoenix.","og_url":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/","og_site_name":"CommercialCafe","article_published_time":"2026-04-24T04:39:04+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg","type":"image\/jpeg"}],"author":"Ioana Ginsac","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ioana Ginsac","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/","url":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/","name":"Redevelopment Delivers New Phoenix CBD Retail Space | CommercialCafe","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg","datePublished":"2026-04-24T04:39:04+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2"},"description":"Aardex wraps up the Pratt-Gilbert Building adaptive reuse renovation, delivers 13,500 square feet of new retail space in central Phoenix.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg","width":800,"height":450,"caption":"phoenix central business district skyline"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/aardex-adaptive-reuse-historic-retail-downtown-phoenix\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Aardex Completes Adaptive Reuse Renovation of Historic Retail Property in Downtown Phoenix"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2","name":"Ioana Ginsac","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96","caption":"Ioana Ginsac"},"description":"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.","jobTitle":"Senior Content Writer, Industry News & Reports","url":"https:\/\/www.commercialcafe.com\/blog\/author\/ioana-ginsac\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/phoenix-cbd-skyline.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/48903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=48903"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/48903\/revisions"}],"predecessor-version":[{"id":48907,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/48903\/revisions\/48907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/48906"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=48903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=48903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=48903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}