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What do you mean mirrored? It’s just the view from South Mountain. |
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So if the crane structure heights are at 541' then where does this put the top of the building? Would the building height then be like 520'? I guess how much room is their typically between the top of the crane and the top of the building? I thought if Astra is going to be 530' then the crane would be like 560'.. Oh well, I'm happy either way. |
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Anxiously awaiting renderings of Astra. If anyone comes across them, please post for our viewing pleasure! :D
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Well, that was quick...and stings the city even more. So glad Marriott could make a profit off Phoenix's $13 mil for renovations.
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What profit do you think they made?
I've thought about this for a few minutes and there are two logical conclusions. 1. Blackstone wanted the property but didn't want to screw around with renovations so someone called their buddy at Marriott and asked them to get the pro forma in line and renovate the property and then flip it. Marriott gets to retain management and picks up any revenue during the time they own it. 2. Blackstone wanted the property but the City wouldn't sell it to them so they had Marriott wash it. Either way there are commissions involved in the transaction and even selling it at a net zero guys are getting paid. We do that stuff all the time in this business. The company doesn't make a dime but we move the assets around and we all get paid individually. |
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Here's a view of downtown from a plane landing at Sky Harbor that was posted back on 1/1/2020. It's the most current one I could find on the tube:
https://www.youtube.com/watch?v=zmBs8BqEv3Y |
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https://www.youtube.com/watch?v=dUgeBzyBbeA |
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Anyone know if there is anything going on in the Eastlake area? I thought there was supposed to be stuff breaking ground last October? Also, there is a tractor tearing down stuff at The Macayos site for the new Aura apartments in Midtown.
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If you're referring to Lafferty's stuff he's a land flipper. Nothing moving until he finds buyers.
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Yeah, there were details about it a while back, thought maybe a developer bought for them or something. Definitely know he’s a land flipper, I used to live at Capital Place, waiting for the area to develope and never did.
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How did you like Capitol Place? Always seemed like it had a ton of promise but the neighborhood stopped growing.
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It was cool. They didn’t build enough parking. I know y’all are against parking but it turned into a real big issue once the complex was full. If you didn’t pay extra for your own spot, you might be stuck without a spot. Eventually turned the visitors lot into the residences lot making visitors park a block away. Parking was going to cost a lot more after two plus years living there and that’s when we decided to move to Alta Central. When we first moved in, a guy that lived there had a coffee and groceries spot, he said he did well but he started to have to travel more for his real job and they closed within a year. This other Guy then opened an all grocery spot a while later and it didn’t make it at all. He had issues with permits and the opening got delayed, once opened, I think it only lasted maybe 5 months mostly in the summer too. He said he didn’t get enough residents to shop there. I supported it quite a bit but it’s not like you could get everything there and of course a little pricier. I think they need one or two more complexes right there to make something like that work, that’s the reason why I say not every complex can have retail.
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