combusean |
Sep 8, 2018 8:42 PM |
Quote:
Originally Posted by RonnieFoos
(Post 8307557)
That's not always true. Nationwide's national headquarters is actually located in One Nationwide Plaza, a 485' tower in Downtown Columbus and they have been there since 1977. Also, Queen City Square in Cincinnati has a 664' tower that was completed around 7 years ago and it was branded Great American Tower when Great American Insurance moved in and made it their corporate headquarters. It can be done. Cincinnati pulled it off during the recession. Phoenix just has to have more to offer for these type of developments and a little less griping from nearby residential would certainly help. These 2 cities don't get a lot of pushback for tall towers in or around Downtown. Phoenix gets a lot of flack for anything they want to build over 250' it seems.
I was building up to another point, but I'm tired and completely lost my thought on where I was going. Sorry for the ramble :koko:
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These are headquarters you're talking about, not branch operations. The closest thing we have to a regional insurance operation downtown is State Farm in Tempe which only happened with a land deal and a big enough chunk of dirt to support one of the nation's largest parking complexes. The modern realities of providing parking for large buildings old and new makes Downtown an even harder sell than it has been in the past.
Anyone who wants to build big can do it in Phoenix, it's just been demonstrated there's no demand for it--CityScape and Transwestern are on spec. The handful of reasonably tall towers downtown that weren't built to be sold were all originally built as bank headquarters.
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