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PHOENIX (AP) - A development company hopes to bring an updated version of Seattle's Space Needle to downtown Phoenix.

Novawest LLC wants to break ground downtown on a 420-foot-tall observation tower this summer.

The proposed $60 million project would be built in the interior courtyard of the Arizona Science Center.

However, the boutique real-estate developer hasn't secured financing and hasn't submitted plans to the city and the Arizona Science Center location isn't secured yet.

But Novawest leaders are optimistic, saying Phoenix's management team has been encouraging and supportive.

The Arizona Republic says Novawest has worked on several projects in Washington and built a relationship with the general manager of the Space Needle, which celebrated its 50th anniversary this year.

The 70,000-square-foot mixed-use tower would include a restaurant, bar, lounge and event space.