Phoenix Area Low- and Mid-Rise Development Thread - Page 24

mdpx · #**461** Posted **Jan 18, 2017, 3:56 PM**

Quote:

Originally Posted by alexico

hopefully something decent! I drive by that everyday and it has been boarded up/chain link fences for the longest time

They'll definitely be high-end and probably resembling the one's a few doors down at 26th St.

sky51 · #**462** Posted **Jan 30, 2017, 5:18 PM**

All pics taken Jan 28 2017:

New Townhouses on McKinley -

sky51 · #**463** Posted **Jan 30, 2017, 5:21 PM**

The Muse on Central -

sky51 · #**464** Posted **Jan 30, 2017, 5:23 PM**

MetroWest Apts on Roosevelt -

sky51 · #**465** Posted **Jan 30, 2017, 5:26 PM**

222 E McDowell -

Obadno · #**466** Posted **Feb 8, 2017, 5:08 PM**

Renderings for the Biltmore office/hotel project.

Good looking low rise!

http://www.bizjournals.com/phoenix/n...l-class-a.html

biggus diggus · #**467** Posted **Feb 8, 2017, 5:49 PM**

Small photo but wow that's a pretty good looking building.

ASUSunDevil · #**468** Posted **Feb 9, 2017, 12:53 AM**

Quote:

Originally Posted by Obadno

Renderings for the Biltmore office/hotel project.

Good looking low rise!

http://www.bizjournals.com/phoenix/n...l-class-a.html

Beautiful!

Seeing the two monstrosities west of 28th getting demo'd nearly brought a tear of joy to my eye. That was one of the worst eyesores in Phoenix. Are there any renderings floating around for what will get built there?

biggus diggus · #**469** Posted **Feb 9, 2017, 4:37 PM**

They've been making really quick progress on McKinley row

http://i.imgur.com/uXWBV17.jpg

Jjs5056 · #**470** Posted **Feb 15, 2017, 8:13 AM**

Quote:

Originally Posted by ASUSunDevil

Beautiful!

Seeing the two monstrosities west of 28th getting demo'd nearly brought a tear of joy to my eye. That was one of the worst eyesores in Phoenix. Are there any renderings floating around for what will get built there?

Yes; https://www.phoenix.gov/pddsite/Documents/Z-70-15n.pdf

I wish it weren't so difficult to find info on proposed PHX projects. There are so many that have slid by or that I would like to know more about... Eric Brown had a mixed use project planned for the small vacant corner on the west end of Artisan Village, for example, and I am curious about the complete plans for enHance given that it is the first and only connection to the park.

And, there is still nothing past 2008 on the PBC....

ASUSunDevil · #**471** Posted **Feb 15, 2017, 3:29 PM**

Quote:

Originally Posted by Jjs5056

Yes; https://www.phoenix.gov/pddsite/Documents/Z-70-15n.pdf

That's the lot east of 28th St. - I'm referring to the lot west of 28th, where those two dilapidated office buildings just got demo'd.

muertecaza · #**472** Posted **Feb 15, 2017, 4:29 PM**

Quote:

Originally Posted by ASUSunDevil

That's the lot east of 28th St. - I'm referring to the lot west of 28th, where those two dilapidated office buildings just got demo'd.

If it's these buildings: https://www.google.com/maps/@33.5096...7i13312!8i6656

looks like they're planned for apartments. The plan review documents say:

Quote:

NEW 5 STORY, WOOD FRAME, MULTIFAMILY BUILDING WITH 253 DWELLING UNITS PROJECT WITH 7 LEVEL TOTAL PARKING GARAGE INCLUDING ONE BELOW GRADE. BUILDING SQ FOOTAGE IS 439,324 SQ. FT. DISCIPLINES INCLUDE CIVIL, LANDSCAPE, ARCHITECTURE, INTERIORS, MECHANICAL, ELECTRICAL, AND PLUMBING.

ASUSunDevil · #**473** Posted **Feb 15, 2017, 4:32 PM**

Quote:

Originally Posted by muertecaza

If it's these buildings: https://www.google.com/maps/@33.5096...7i13312!8i6656

looks like they're planned for apartments. The plan review documents say:

Yep, probably more ORB wooden boxes - still way better than those two pieces of shit!

azsunsurfer · #**474** Posted **Feb 15, 2017, 5:25 PM**

Making Kierland great again!

https://www.phoenix.gov/pddsite/Documents/Z-6-17n.pdf

vwwolfe · #**475** Posted **Feb 16, 2017, 2:02 AM**

Quote:

Originally Posted by muertecaza

If it's these buildings: https://www.google.com/maps/@33.5096...7i13312!8i6656

looks like they're planned for apartments. The plan review documents say:

That's the old Fox Animation Studios where they made Anastasia and Titan A.E.

nickw252 · #**476** Posted **Mar 1, 2017, 1:49 AM**

Capitol Lofts are listed for sale on Redfin:

https://www.redfin.com/AZ/Phoenix/90...home/112471275

Has construction started yet?

Obadno · #**477** Posted **Mar 7, 2017, 9:06 PM**

Quote:

Originally Posted by nickw252

Capitol Lofts are listed for sale on Redfin:

https://www.redfin.com/AZ/Phoenix/90...home/112471275

Has construction started yet?

I received an email stating they are already 50% sold and they have a planned summer 2018 move-in date So I imagine construction will start soon.

Also anyone know anything about this: Monument on Jefferson?

https://www.phoenix.gov/pddsite/Documents/Z-23-16.pdf

Wasn't this called like St. Ambrose or something before? I know people on here have stated the guy that owns this land is a property flipper and the plans are just to get easement grants but if 11 and 12 capitol place are leasing well hopefully this gets built out

biggus diggus · #**478** Posted **Mar 7, 2017, 9:12 PM**

He didn't develop Capital Place, though. He got the approval for construction and flipped the plans and Capitol Place was built years later. If "St. Ambrose" is to be developed, he will need to sell the property and plans to a real developer first.

The momentum in the neighborhood around there is really picking up, the Roland's Market rehab is well under way and if it leases quickly you can exepct some other commercial property owners in the neighborhood to follow suit, that coupled with the city's plans to narrow Van Buren to two lanes and bike lanes means a decade from now Van Buren will be a gentrified center. There are new homes being built at 14th and Polk, also. This is going to happen quickly.

http://www.rolandsmarketphx.com

https://www.phoenix.gov/streetssite/...0726-8439.aspx

ASU Diablo · #**479** Posted **Mar 8, 2017, 5:31 PM**

Anyone know what's going to happen the old apartments that have been fenced in at the NWC of 4th Ave n Roosevelt? Looks like they were gutted and prepped for demo. What's going in its place?

biggus diggus · #**480** Posted **Mar 8, 2017, 6:49 PM**

Quote:

Originally Posted by airomero83

Anyone know what's going to happen the old apartments that have been fenced in at the NWC of 4th Ave n Roosevelt? Looks like they were gutted and prepped for demo. What's going in its place?

They've been rehabbing these for months and it really rubs me.

The building was not on the market for sale when I tried to buy it in 2015, they didn't like my offer and came back at $125K per door which is insane for a building of that quality which needs $40K per door to make it marketable. At $165K per door I've got to rent those one bedrooms for $1895/mo to get the return I want. The units aren't separately metered for water.

Six months after rejecting my (what I thought was fair) offer, the trucks started showing up and they've been working on it ever since. Public record doesn't show the sales price but the deed recorded in May 2016. If they bought it for anything close to what she wanted for the building, they're in for a low return on their money. Ryan Ash at ARA, an apartment broker, is listed as the Managing Member of the LLC which owns it.

tl;dr - this is a long way of saying an apartment brokerage bought the building for top dollar and taking their time rehabbing it, they're going to HAVE to make it a top shelf product to make the numbers work if they paid what the lady told me she wanted for the building. They'll try to sell it as soon as they're done and leases are in place.