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-   -   Phoenix Development News (3) (https://skyscraperpage.com/forum/showthread.php?t=173764)

PyroD Sep 2, 2022 8:17 PM

Quote:

Originally Posted by PHX31 (Post 9720120)
Go here and click on the 1953 aerial... https://gis.maricopa.gov/GIO/Histori...ial/index.html

Man, that link is kind of sad seeing how dense downtown once was and slowly seeing it become bombed out. We're lucky to live in the exact time to watch it all come back in force.

TJPHXskyscraperfan Sep 3, 2022 6:41 AM

That was an interesting conversation. Well, of course we all love more Urban development but having a huge company from Taiwan want to develop in Phoenix is awesome too. Of course they need some open land to build it. There isn’t much amazing desert between Happy Valley and Carefree HWY. Any land in the Phoenix city limit should be fair game, there are plenty of Mountain preserves . Of course with that huge company coming, more housing is necessary. Now I don’t think they should expand the land area, Phoenix has one of the biggest land areas in the country, part of the reason our population per square mile ratio is so low, our city is actually pretty urban, part of the reason why we don’t have a more open area where they could of build light rail with more bridges. And of course, great point Obadno with development all over the country especially back east where nearly whole states are developed. You can go 100 miles without seeing a house in parts of Arizona, try doing that in New Jersey, or even Just a regular sized state like Michigan. Ok I’m done,lol.

xymox Sep 3, 2022 11:10 PM

Quote:

Originally Posted by TJPHXskyscraperfan (Post 9720670)
That was an interesting conversation. Well, of course we all love more Urban development but having a huge company from Taiwan want to develop in Phoenix is awesome too. Of course they need some open land to build it. There isn’t much amazing desert between Happy Valley and Carefree HWY. Any land in the Phoenix city limit should be fair game, there are plenty of Mountain preserves . Of course with that huge company coming, more housing is necessary. Now I don’t think they should expand the land area, Phoenix has one of the biggest land areas in the country, part of the reason our population per square mile ratio is so low, our city is actually pretty urban, part of the reason why we don’t have a more open area where they could of build light rail with more bridges. And of course, great point Obadno with development all over the country especially back east where nearly whole states are developed. You can go 100 miles without seeing a house in parts of Arizona, try doing that in New Jersey, or even Just a regular sized state like Michigan. Ok I’m done,lol.

Yeah, the quality of the desert TSMC developed was not all that high either. It had very few saguaros (if any) - mostly scrub brush. A large fire burned through there a few years ago. Its primary use was by ranchers for cattle. So seeing that get transformed wasn't too shocking or heartbreaking - its been annexed by Phoenix for years so something was going to happen. A cargo airport for PHX was also proposed near that area as well - so I think I'd take this over that. When PHX annexed that area they planned for 650k additional residents... The areas which dense saguaros and unspoiled desert to watch are those along SR-74 towards US-60. I suspect that area will develop as well - hopefully Surprise and Peoria will do so more along the lines of N. Scottsdale - being respectful of the desert.

Remember - this state is barely 100 - and the metro area has only been seriously developing for 50 years. Consider the timeframes and how our neighbors in LA grew - as well as the whole blob of east coast cities. Entire forests and other ecosystems have long disappeared. I do at least think we tend to grow more carefully because we need to.

CrestedSaguaro Sep 5, 2022 3:44 PM

1st and Pierce
 
Here we go! Proposed mixed-use 402' tower @39 floors! Although Google shows this on the NEC, this is actually proposed on the NWC of 1st and Pierce. Check out the overhang on the North and South elevations just above the garage.

Architect: Lamar Johnson Collaborative
Residential: 358 units, 328 parking space, 144 bicycle spaces
Retail" 4,979 sq ft

View all documents on my Google Drive: https://drive.google.com/drive/folde...6D?usp=sharing

https://i.imgur.com/M3ZuHSx.png

https://i.imgur.com/VHhaopp.png

TJPHXskyscraperfan Sep 5, 2022 5:03 PM

Quote:

Originally Posted by CrestedSaguaro (Post 9721904)
Here we go! Proposed Mixed-use 402' tower @39 floors! Although Google shows this on the NEC, this is actually proposed on the NWC of 1st and Pierce. Check out the overhang on the North and South elevations just above the garage.

Architect: Lamar Johnson Collaborative
Residential: 358 units, 328 parking space, 144 bicycle spaces
Retail" 4,979 sq ft

View all documents on my Google Drive: https://drive.google.com/drive/folde...6D?usp=sharing

https://i.imgur.com/M3ZuHSx.png

https://i.imgur.com/VHhaopp.png

It does show it on the NWC of 1st ST and Pierce if the little light blue box is where it’s going to be. Wow, over 400 feet, awesome.

plinko Sep 5, 2022 10:16 PM

The flying buttresses are a nice nod to the local vernacular (Beadle, etc).

IndyAZ Sep 6, 2022 1:03 AM

Quote:

Originally Posted by CrestedSaguaro (Post 9721904)
Check out the overhang on the North and South elevations just above the garage.

That is a mistake, there is a cantilever over the edge of the garage, but there are columns that span between the garage and tower that are missing from the elevations.

That being said, I think this is a really sharp looking tower!

Also, apparently the City is planning to issue a RFP for the remaining lot at the SWC of 1st and McKinley by the end of the year. With the 1st and Pierce Tower, and the 701 N Central Tower (Vela Phoenix) both in development, it sounds like the City wants this entire block completed.

Warren Peace Sep 6, 2022 2:45 PM

I love it. With this much development being so close to Westward Ho, I'm hoping a major hotel chain will buy the building for redevelopment into a hotel that can tap into its history.

The current residents would probably benefit more by a location with closer proximity to a medical facility, and fewer convenience store drug addicts lurking in the area.

ASU Diablo Sep 6, 2022 4:44 PM

US Bank leaves downtown Phoenix tower after nearly 20 years
 
Quote:

Originally Posted by CrestedSaguaro (Post 9721904)
Here we go! Proposed mixed-use 402' tower @39 floors! Although Google shows this on the NEC, this is actually proposed on the NWC of 1st and Pierce. Check out the overhang on the North and South elevations just above the garage.

Architect: Lamar Johnson Collaborative
Residential: 358 units, 328 parking space, 144 bicycle spaces
Retail" 4,979 sq ft

Amazing!! :cheers: Loving all these proposed towers.

Envisioning a nice restaurant to take over the old branch space on the ground floor.

https://www.bizjournals.com/phoenix/...x-arizona.html

Quote:

Minneapolis-based U.S. Bank is parting ways with the 101 North office tower nearly 20 years after it first moved its regional headquarters into the 31-story building in downtown Phoenix and opened its first branches in the Valley.

The office tower, known as the second tallest building in Arizona, is located at the northeast corner of 1st Avenue and Adams Street and was named U.S. Bank Center in 2004. The owner of the building, Portland-based ScanlanKemperBard Cos., said the U.S. Bank signs at the top of the building will be removed in the next two weeks.

U.S. Bank follows Wells Fargo and Chase in moving their major office footprints out of the downtown Phoenix business core following the Covid-19 pandemic to consolidate in offices in other parts of the Valley. It will create additional space for other types of companies looking to move downtown.

The bank's lease ends in October for approximately 30,000 square feet, including space on the first floor, which it no longer needs since it plans to consolidate its employees into its existing 9,000-square-foot office space at 16220 N. Scottsdale Road.

“As we approach the 20th anniversary of our first branches in the Phoenix area, our commitment to our customers and the community are as strong as ever. Over that same period, our non-branch office space has evolved as well," U.S. Bank said in a statement provided to the Business Journal. "As we evaluated our present and future office space needs, we made the decision to expand our space near Kierland in Scottsdale while also electing to not renew our lease in downtown Phoenix."

U.S. Bank said this will allow them to consolidate its team currently based in downtown Phoenix, which has about 36 corporate and commercial employees, as well as its employees based in in its existing locations across Phoenix and Scottsdale.

"We are proud to serve our clients and customers across nearly 50 branch locations in Maricopa County and hope to have a few additional locations to share in the near future," the company added.

U.S. Bank said it's looking to expand its Scottsdale office by 6,000 square feet. The Scottsdale office is located close to the Scottsdale Airport near Bell Road and Loop 101, as well as a large number of retail and commercial centers.

In 2020, the bank closed several of its branches across the Valley, including its downtown Phoenix branch on the first floor of 101 North building. The company closed its downtown branch location permanently after temporarily shutting it down due to the pandemic.

New opportunities for retail, office users
According to JLL, the leasing brokerage for the building, the office tower currently has about 107,000 square feet of space available, or about 30% of the nearly 360,000 square feet of leasable space. JLL's data shows that downtown Phoenix had a 26% direct vacancy rate in Q2, which is higher than the region's 18% direct vacancy rate.

With the three major banks leaving downtown, John Bonnell, a managing director for JLL in Phoenix, said this will set the building up to attract both in-state and out-of-state tenants.

"That is significant contiguous space, new renovations that have delivered extensive on-site amenities, the added amenities of downtown and easy access to public transportation," Bonnell said. "These are all enticements that employers are counting on to get employees back to the office. At 101 North, there is the added opportunity for a company to put their name at the top of one of the tallest buildings in Arizona."

SKB said it has not found a new anchor tenant for the building yet, but said the vacancy from U.S. Bank will open doors for another company, as well as a new ground-floor retail user in 3,500 square feet, where the bank's branch was previously located.

"We're sorry to see them go," said Todd Gooding, principal and president of SKB. "The upside of it is, it'll give us an opportunity to put something that will allow us to really engage the community on the ground floor. We've done a good job of trying to find a good eclectic mix of retailers, and that corner will give us the opportunity to enhance the programming that we've already done."

The 101 North building currently houses tenants including the Phoenix Business Journal, WeWork, Valley Metro and Jacobs Engineering Group. Through a joint venture, Miami-based Black Salmon and SKB purchased the building in 2019 for $92 million. Since then, about $9 million in renovations, including amenities such as a fitness center and renovating the main lobby, were completed by general contractor Stevens-Leinweber and architect Nelsen Partners.

The U.S. Bank Center, which has returned to its former name 101 North, was built in the 1970s. Before U.S. Bank, the office building's anchor tenant was Bank of America until 2001, when the company moved its local headquarters out of the building. SKB said it will continue leasing out its building for office and retail uses.

Last year, Chase moved out of the Chase Tower for offices in Tempe, while Wells Fargo transitioned out of its downtown Phoenix location after selling its building to the city of Phoenix.

While the downtown Phoenix area has evolved significantly since U.S. Bank first moved into the 101 North building, more retail, education, bioscience and residential projects have been developed in the area, bringing more residents to the city's center.

According to Downtown Phoenix Inc., nearly 12,000 multifamily units have been built since 2000, while about 34% of those were built since 2000. Downtown also has about 60,000 square feet of retail space under construction. Since March of 2020, the downtown nonprofit said it has also seen 18 new bar or restaurant concepts in its service area.

exit2lef Sep 6, 2022 5:51 PM

Quote:

Originally Posted by ASU Diablo (Post 9722603)
Envisioning a nice restaurant to take over the old branch space on the ground floor.

The Mo'le taco space recently closed due to non-payment of rent. There always seem to be grand plans for the first floor of that tower, but so far nothing has really worked out. I hope I'm wrong, but I can't see how losing the namesake tenant will make things better for that buliding.

ASU Diablo Sep 6, 2022 5:53 PM

Quote:

Originally Posted by exit2lef (Post 9722672)
The Mo'le taco space recently closed due to non-payment of rent. There always seem to be grand plans for the first floor of that tower, but so far nothing has really worked out. I hope I'm wrong, but I can't see how losing the namesake tenant will make things better for that buliding.

Ate at Mo'le once and never came back, wasn't too impressed. The Rose Garden has been a success, from what I can tell. Hopefully they have more luck with future tenants.

Obadno Sep 6, 2022 6:43 PM

Im actually surprised vacancy is only 26% downtown with all the banks moving out.

combusean Sep 6, 2022 7:27 PM

There seems to be a lot of Class A vacancy but B/C is keeping the overall rates down.

https://www.us.jll.com/content/dam/j...22-phoenix.pdf

Colliers also issues market reports for Downtown Phoenix office and they have different figures. Just seems impossible to verify without looking at open data. Colliers lists 11 million total square feet in "Downtown South" (Midtown being "Downtown North...") whereas JLL lists 7.6 million.

https://www.colliers.com/en/research...-market-report

MiEncanto Sep 6, 2022 8:46 PM

Quote:

Originally Posted by Obadno (Post 9722748)
Im actually surprised vacancy is only 26% downtown with all the banks moving out.

Not only the banks but several law firms have moved on, plus EY and Snell are both moving/moved into new buildings, opening up space.

I'm told the square footage standard for professional offices like legal/accounting has dramatically been reduced and several firms have given up entire floors. I also heard this has been happening quite a bit on North central towers.

What downtown needs is a couple big splashes from well known firms/companies who want to be downtown and have a young workforce who wants to be there. The old dudes at law firms want to be wfh, not downtown.

Obadno Sep 6, 2022 11:43 PM

Quote:

Originally Posted by combusean (Post 9722804)
There seems to be a lot of Class A vacancy but B/C is keeping the overall rates down.

https://www.us.jll.com/content/dam/j...22-phoenix.pdf

Colliers also issues market reports for Downtown Phoenix office and they have different figures. Just seems impossible to verify without looking at open data. Colliers lists 11 million total square feet in "Downtown South" (Midtown being "Downtown North...") whereas JLL lists 7.6 million.

https://www.colliers.com/en/research...-market-report


Considering Colliers has a picture of Tucson on it Phoenix quarterly report, I trust JLL

somethingfast Sep 7, 2022 2:26 PM

Quote:

Originally Posted by Obadno (Post 9723046)
Considering Colliers has a picture of Tucson on it Phoenix quarterly report, I trust JLL

JLL is known for their attention to detail :rolleyes:

ASU Diablo Sep 8, 2022 4:01 AM

Smart technology hotel planned for historic motel property in downtown Phoenix
 
Looks like this project is moving forward and developer agreed to preserve and incorporate the main building into existing design. Win-win for all parties involved I guess.

Edit: Included more renderings. 100% agree...this is one nice looking project.

https://www.bizjournals.com/phoenix/...x-arizona.html

Quote:

Atlanta-based EV Hotel Group is planning to open one of its first automated, technology-focused hotels in downtown Phoenix.

The new multi-story hotel will be developed on the northwest corner of 6th Avenue and Van Buren Street, where the City Center Motel buildings were developed in the 1950s and have remained since.

The motel was most recently used as a Travelodge by Wyndham Phoenix Downtown, city of Phoenix documents said. The main building is located at 600 W. Van Buren St., while the additional building is located at 316 N. 6th Ave.

The owner of the property, Fabius Enterprise LLC, applied last year to demolish the entire property, but after pushback from residents and advocates, the owner agreed to preserve and incorporate the main historical building into the planned hotel, the Phoenix New Times reported in December.

City documents say the former City Center Motel was constructed in 1959 with 46 rooms. The main building is a modern Googie-style concrete block structure with "space-age" features including a "rocket-like" porte cochere and extended sign with tall spires, city documents added.

Fabius Enterprise LLC, the franchise owner for EV Hotel, told the Business Journal that the new hotel, dubbed EV AI Hotel, will comprise more than 100 rooms. EV Hotel Group announced late last year that its first location would be developed at the downtown Phoenix site.

The company's website says its line of smart hotels will feature more than a dozen "smart" devices such as mirrors, showers, speakers, door locks and more in each guest room. In a press release last year, EV Hotel also said its guest experience will include digital assets such as crypto payments, NFT sales and a "revenue enhancement" meeting room component.

"This innovative hotel brand will deliver more than just crypto payments, as it will include everything crypto related and technology like never seen before in the industry," Ken Patel, founder and CEO of EV Hotel, said in a statement last year. “EV Hotel is focused on reinventing hospitality and distance itself from the traditional tactics of the Industry.

Patel told the Phoenix New Times last year that the value of the hotel could total $25 to $27 million. Fabius Enterprise LLC said construction on the project could start next year, with a tentative completion date in 2024.
https://media.bizj.us/view/img/12337...-103150-am.png

https://media.bizj.us/view/img/12337...-103158-am.png

https://media.bizj.us/view/img/12337...-103207-am.png

https://media.bizj.us/view/img/12337...-103216-am.png

https://media.bizj.us/view/img/12337...-103228-am.png

https://media.bizj.us/view/img/12337...-103237-am.png

https://media.bizj.us/view/img/12337...-103245-am.png

IndyAZ Sep 8, 2022 4:27 AM

That looks great, design is much improved from the 1st version! Keeping the existing porte cochere is a huge win and it looks like they increased the height as well from 7 to 8 stories.

With this Hotel and The Henri by Toll Brothers (7 stories) directly across the street having a bunch of permits getting processed and hopefully breaking ground sometime soon, the far Western end of Van Buren will really get a facelift!

CrestedSaguaro Sep 8, 2022 3:19 PM

Quote:

Originally Posted by IndyAZ (Post 9724419)
That looks great, design is much improved from the 1st version! Keeping the existing porte cochere is a huge win and it looks like they increased the height as well from 7 to 8 stories.

With this Hotel and The Henri by Toll Brothers (7 stories) directly across the street having a bunch of permits getting processed and hopefully breaking ground sometime soon, the far Western end of Van Buren will really get a facelift!

I had thought Toll Brothers sold that lot?

Obadno Sep 8, 2022 3:45 PM

Looks cool I approve:cheers:


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