PHOENIX—Hines recently sold Chandler Viridian's hotel pad to Concord Hospitality Enterprises Company of Raleigh, NC, to develop a Cambria Hotels & Suites. The price was not disclosed.

In addition to the modern brand hotel, Chandler Viridian will include a central plaza with 240,000 square feet of class A office space, a luxury multifamily complex, retail options and a pedestrian promenade to the Chandler Fashion Center. Chandler Viridian is located at the northwest corner of the Loop 101/Loop 202 interchange in the heart of the Price Corridor in Chandler.

“After a lengthy process to turn the former Elevation Chandler site into our premier mixed-use project, we are invigorated by the progress of the development and also the quality of Chandler Viridian's hotel brand and upscale apartments,” says Chris Anderson, managing director and city leader for Hines.