The former BMO Harris Bank tower in Phoenix, Arizona, has been a long-delayed office-to-apartment conversion project that has been plagued by delays. Kinella Capital, which purchased the building for $36 million in December, has resumed construction and expects it to be completed by the end of the year or shortly thereafter. The conversion will include 163 luxury apartments, a rooftop pool, and nearly 11,000 square feet of retail on the ground floor. Despite initial delays, the developer defaulted on its loan and the building went into foreclosure in late 2023 and was sold at auction.