I always get those mixed up!:shrug:

Whoa...

"possible" "looking".... it's fun to dream, isn't it!?

For some reason your link no longer works, it links you to a retirement party announcement. Here is where it's been moved to:

http://www.phoenix.gov/PUBMEETC/1037.html

Just in case it gets moved again, here are the meeting notes with my comments:

This is probably an academic discussion anyway because it will likely never get built, or it will get built as a cookie cutter holiday inn express.

More offices and less surface parking, lets get it done.

I didn't see any specifics. The article just stopped. Is there anything here height -wise or real intent or is it just a fishing expedition. Sure would be awesome!

Can someone post up the height limit map for downtown phoenix again? ;) Just for shits and giggles.

Now seems like a good time to build something as far as costs go. Seems like downtown Phoenix office is pretty strong. And maybe, just maybe, some behind-the-scenes negotiation for a new DT headquarters is going on. I mean, there has to be some reason the guy that owns the land is now thinking about building.

And we can all dream, right?

http://emvis.net/~sean/ssp/downtownheightzonemap1.jpg

Remember to subtract about 1086' from these values to get the actual building height limits. Seems like they can go to about 540' on the site.

A 540' building with modern office-size floorplates would be incredible for that site. So much density...

Looks lik the potential project is in the very early stages...getting ready to hire a leasing broker to look for potential tenants.

74 downtown Phoenix condos purchased
Max Jarman The Arizona Republic

A California real-estate investment group has purchased 74 unsold condominium units in the high-profile Summit at Copper Square project in downtown Phoenix for $12.7 million.

That works out to about $171,000 each for the units that initially were listed for between $300,000 and $1.2 million.

Still, Hadden Schifman, whose Scottsdale firm Vizzda tracks the commercial real- estate market in metro Phoenix, called the sales price "fairly strong." He noted that some documents pegged the liquidation value of the unsold units at $7.3 million.

Documents show that Howard Wu and Taylor Woods, both principals in Urban Commons LLC of Los Angeles, purchased the units from Scottsdale's Stearns Bank. Stearns foreclosed in July on an original $64 million note secured by the property.

Norm Skalicky, CEO of Stearns Bank, called the sale a "win-win" for both parties.

"The buyers got a great deal, and we were happy with the price," he said

The buyers did not return calls seeking comment on their plans for the property.

The 23-story, multicolored high-rise development, just west of Chase Field, was completed in 2006 at an estimated cost of about $65 million.

When completed, the tower at 310 S. Fourth St.was hailed as a major milestone in the redevelopment of downtown Phoenix as a residential hub.

W Developments LLC sold 91 of the 900- to 1,500-square-foot units at an average price of $415 per square foot before the housing market collapsed in 2008.

After that, sales dried up and the project was beset with lawsuits over unpaid bills. In late 2009, W Developments filed for Chapter 11 bankruptcy protection in an attempt to avert the Stearns foreclosure action.

W Developments was unable to put together a Chapter 11 reorganization plan acceptable to creditors. Stearns eventually took back the property.

The original lender was First National Bank of Nevada, which was declared insolvent and closed by the Federal Deposit Insurance Corp. in 2008. Records show Stearns purchased the note for an estimated $6.4 million.

http://www.azcentral.com/business/re...purchased.html

That parcel bounded by Monroe, VB, 2nd and 3rd Avenues is a really key parcel in my estimation, I'm glad its early and going slow because we really need to make sure that lot is developed right (for a change). Portions of that lot could be built as high as 564', a good 81' higher than our current tallest. That stretch of VB is also set aside in the new Downtown Code to be the place for department and other box type stores.

The article is right to note that PHX isn't attracting new HQs, regional or otherwise and companies have just been bouncing from tower to tower within the City. If the Resolution Copper Mine happens I'd love to see Stanton & the City aggressively pursue a regional/US mining HQ for PHX, that lot would be a good fit. The empty lot nature of the parcel currently also means it would potentially be easy to put a big anchor type department or box store fronting VB and making for nice ground floor retail-- I'd be thrilled with Kohls, JC Penny, a real grocery store, etc.

On another note, looking at the height map, it looks like 614' is the tallest a building could currently built in Downtown. For reference, thats the same height as the Boston Federal Reserve Bank building . The VB/Monroe/2nd Ave/3rd Ave lot at 564 could be the same height as One Market Plaza in SF, or the Four Seasons in Denver

EDIT: Good to hear something is going on at Summit too. Hopefully that can get switched to apartments, that seems to be the one strong market segment for Central PHX.

Yes, and Summit location is great for DT businesses access.

The first proposer of a 400+ tower on this lot was Steve Ellman; yes, the former Coyotes owner and destroyer of Los Arcos (though it was an ugly mall so no hard feelings).

A nice, tall, urban hotel with direct access to the LR platform would be marvelous and a huge step for the Central Ave corridor.

If it takes them a year to play with the idea, get an idea of potential tenant interest, then another 18 months to design and permit, and then two years to build the 65 story beauty,
it will be four to five years before it's done.

In the mean time VJ, you'll have plenty of time for Wishing and Hoping. .... http://www.youtube.com/watch?v=dJ-MVAzdUK4
Or if you prefer the original: http://www.youtube.com/watch?v=ycbgHM1mI0k

I've been sayin'.

assuming they can find anyone interested in occupying a building.

Honestly, it does seem a wee bit premature. It could be that they would build it on spec. if they feel the interest would come and have the horsepower to do it?
Likely they would need at least one decent tenant(s) for a minimum 250,000 square feet, especially if they do build 65 stories as rumored. Just guessing, though.

Where is this '65 stories as rumored' you speak of? You realize that a 65 floor OFFICE building using current LEED standards for floor-to-floor is like 1100ft tall right? Not something you'll ever see in downtown Phoenix.

There is no indication that this will open in downtown but seems like it would be a good fit...maybe at Cityscape or Luhrs?

Phoenix corridor showing signs of growth
Phoenix Business Journal by Jan Buchholz, Reporter
Date: Tuesday, November 22, 2011, 6:53am MST - Last Modified: Tuesday, November 22, 2011, 9:29am MST

If Washington, Jefferson and Van Buren streets between downtown and 44th Street aren’t typically on your radar screen, you might not know all of the activity taking place along that portion of the light rail corridor.
There are a multitude of projects in the works dominated in large part by the $1.5 billion PHX Sky Train under construction at 44th and Washington streets. The elevated train and loading platform — which looks like a scene out of “The Jetsons” cartoon — is coming along in spectacular fashion, even though completion of the first phase won’t be until 2013. That’s when travelers will be able to ride the Sky Train from the light rail stop to the East Economy Parking lot and Terminal 4 of Phoenix Sky Harbor International Airport. By 2015, the Sky Train will be built to Terminal 3.
But there’s a lot more going on, as I discovered during a field trip I took last week with Don Keuth, CEO of the Discovery Triangle Development Corp. That nonprofit organization was created to promote investment, development and diversity in a triangular area the includes Phoenix Sky Harbor and is defined by a line that stretches from downtown Phoenix to downtown Tempe to Papago Park and back to downtown Phoenix.
Down the street from the PHX Sky Train at 44th and Van Buren streets, DPR Construction transformed a former sex boutique into a 16,000-square-foot regional headquarters. The company invested in the neighborhood of $3 million to create a sustainable development that employs a variety of “green” strategies for cooling the building and drawing in natural light.
At 40th and Washington Streets, the Animal Welfare League is building a $3 million addition to its shelter. Across the street to the west, Gateway Community College has two significant projects under construction. One is the $53 million Integrated Education Building. The three-story, 120,000-square-foot space will include classrooms, art studios, community career center, science labs, a student and community library, a computer commons, performance space and staff offices. The second is the $6 million Center for Entrepreneurial Innovation, a business incubator that will be home to early stage start-up companies.
The UMOM New Day Center, at 3333 E. Van Buren St., provides housing and support for homeless and low-income families, and recently completed its addition to the attractive Legacy Cross apartment community. It took the place of a rundown motel that was razed for the new multifamily project.
At 30th and Washington streets, Phoenix Ale Brewery LLC recently started operations in a 15,700-square-foot warehouse.
A little further west, Ballet Arizona has purchased the former Walsh Brothers warehouse at 2835 E. Washington St. to house the dance troupe and its administrative offices. Several million dollars will be invested in renovations.
The Salvation Army is building its divisional headquarters to the tune of $15.5 million at 27th and Van Buren streets.
At 12th Street between Washington and Jefferson streets, Mike Lafferty, a local developer and solar power entrepreneur, is moving forward on his plans to build a multifamily project.
At Central Avenue and Jefferson Streets, the Bannister Place Building soon will be undergoing renovations and will be the headquarters of the Institute for Advanced Health.
In between those points small businesses are remodeling buildings and calling the East Washington Street area home, including Aspire Marketing, Imcor and CCRD Partners.
The area is generating an increasingly cool vibe. You may want to discover that for yourself.