The longtime midtown Phoenix home of Arizona's first Mercedes dealership has sprouted new apartments. Parc Midtown, with 306 apartments, has opened to renters on the former site of the Phoenix Motor Company Mercedes Benz dealership at Third Avenue and Indian School Road. The Mercedes dealership, located on the site since 1964, moved to Scottsdale in 2016. Developer Evergreen Devco paid $8 million for the property. When businesses and residents began to move out of central Phoenix to Valley suburbs in the 1980s and 90s, the upscale car dealership remained an anchor in central Phoenix.