PHOENIX - Commercial real estate company RED Development and Mayor Greg Stanton will host a special ceremony Thursday to mark the start of construction on the long-awaited Fry’s grocery store in downtown Phoenix.

The project will take the place of what is now a parking lot across the street from the Talking Stick Resort Arena and CityScape between Washington Street and Jefferson Avenue and First and Second streets.

PREVIOUSLY: Take a look at the new building that will house Fry's in downtown Phoenix

Photo shows the site of Block 23. (Photo: 12 News)
Photo shows the site of Block 23. (Photo: 12 News)

The development, called Block 23, will house downtown’s first full-service grocery store, and will also include approximately 330 apartments, as well as 200,000 square feet of office, restaurant and retail space, according to a release.

DOWNTOWN DEVELOPMENTSArizona Center breaks ground on major makeover project

The development “marks CityScape’s expansion to 2nd Street” and will include the “most technologically advanced grocery store in the state," according to the release.

The city has given millions to the project, KTAR reports

Block 23 is expected to be completed in 2019.

MOREMajor music festival by Bonnaroo creators coming to Phoenix in October

PHOTOS: First look at downtown Phoenix development