Did anyone see this update to the Deli closure:

https://www.azcentral.com/story/ente...ix/2870601002/

So I would think Deli wasn't performing well, they sold the business and the new owners liquidated.

Im glad to see something new will be along

X is an interesting concept; PMG doesn't screw around moving quickly to construction. Like many they have a repeatable design and they don't care about prime locations. They've already bought two additional sites in Denver with one project under construction.

That definitely is big. To be fair larger floor plates tend to be an advantage with today's open floor plans and efficient use of space. But that's more relevant with towers as opposed to Big Boxes.
Developers generally will build whatever investors/lenders are willing to fund. Lenders tend to error on the side of caution and sufficient parking is deemed necessary to protect their investment/asset.
Not so much in urban downtowns; many are lowering or doing away entirely with parking requirements. They know development will include parking as deemed necessary though.

EDIT: I may be thinking more of residential than office but some urbanists project that whether it's better transit, ride-sharing, autonomous vehicles or some combination that parking podiums will become unneeded and hard-to-retrofit space.

Sean is probably the most well-known 'urbanist' in Phoenix. While I may not always agree with him Phoenix needs more of his type.
Well said; agreed.

Or start a YIMBY movement.

Link to a 20 minute podcast on 'Was Roosevelt Row Cooler in the Past'

https://www.azcentral.com/story/news...ix/2859055002/

While there have been some losses, overall it sounds to me like things are better and the hopes are, that with the cooperation of developers, the trend will continue.

That's a pretty good start for this podcast. I like that they interviewed some of the people who have worked behind the scenes rather than the loudest voices in the misguided Save Roosevelt Row movement, which now seems all but defunct. It still bothers me, though, that so many people reflexively say "condos" when they see new multi-unit housing. Most of the time what's being constructed are apartments. This podcast did it, and earlier yesterday I had a similar conversation with someone at the Phoenix Art Museum. We were both in the Goldsmith Overlook, which has a view to the south. The other guest lamented the new "condos" were blocking the view of the Burton Barr Library. I said I thought that was a small price to pay for more housing near downtown, but I didn't bother correcting her about the type of housing involved.

I worked for US Bank for nearly 4 years up until a little over 2 years ago when I took my position with the state. Maybe things have changed a bit since, but there were a lot of empty offices when I worked there with a lot of lease turnover. At least 4 floors were fully empty. When an office space was vacated, it took several months to fill it again. Also, I'd like to mention that the floors that US Bank leases are only about 35% occupied at any given time of day as a lot of employees are work-at-home or field employees with just an office cube reserved for them when they need to come in for a few days per month. There was also about 25% of vacant cubes. Yes, I know that US Bank pays for the floor space no matter how many workers are in the building, but that does leave a lot of empty office space in the tower. It also takes away a good chunk of potential customers from the ground floor retail.

But as I mentioned, this was 2 1/2 years ago. Maybe the office vacancy has turned around since then. But I do know that the US Bank offices are still fairly empty as I still stay in contact with a couple of former colleagues. In all honesty, US Bank should consolidate it's 4 Downtown/Midtown/Biltmore locations into US Bank Tower. This would help fill it up with about 100+ employees.

https://www.azcentral.com/story/ente...fe/2906918002/

A quick blurb of what’s anticipated in the Desoto building.

The az central investigator provided the same or less info than I gave you guys over a month ago, maybe I should ask them to give me a job.

Saw that... kind of a shame to have the space only be open at night. But the developer is good, so we'll see.

More good midtown news

https://www.bizjournals.com/phoenix/...novations.html

And Park Central is having good leasing success!

https://azbigmedia.com/park-central-...ng-approaches/

City wants bids to redevelop downtown Phoenix garage
 

City wants bids to redevelop downtown Phoenix garage

The item will be before City Council for discussion in March


https://www.bizjournals.com/phoenix/..._news_headline

Final building plans were submitted yesterday for Aspire Fillmore at 601 N. 3rd Ave.

LPRN 1901251, Project 16-3314.

DESCRIPTION OF WORK: 17-STORY HIGH RISE, 254 RESIDENTIAL UNIT BUILDING, FIRST LEVEL PROPOSED RESTAURANT, RETAIL SPACE, AND BIKE SHOP ROOM, FLOORS 2-5 COMBINATION WRAP UNITS AND ALTERNATING HALF LEVEL PARKING LINKED BY SPEED RAMPS. SIXTH FLOOR AMENITY DECK LINKED TO PROPOSED WORK OUT AREA. OFFICE AREA ON THE SIXTH FLOOR OPEN TO ELEVATOR LOBBY. SIXTEEN FLOOR POOL/HOT TUB DECK LINKED TO POOL CLUBHOUSE ROOF DOG RUN AND MECHANICAL YARD BASEMENT (2 HALF LEVELS) OF PARKING AND UTILITY SPACES

Great news! There are no renderings for this, correct?

Great news and glad to see this move so quickly!

Great! More MORE!!! 17 floors will look huge here.

Also Glad to see the RFP for the garage, but all of the city RFP's seem like a long road to development.

Yes it is City owned property and yes it is a competitive bid...however... I wonder if its copacetic under current State laws? Especially with the scrutiny of public/private partnerships recently. I wonder if the Goldwater Institute has had a chance yet to weigh in on this?

What a clustermess. Sounds like a non-starter to me.

Which got me to thinking... Anybody know how many spaces the current Hyatt has; couldn't find it to save my life with google's highly commercialized search engine.

City of Phoenix says: https://www.phoenixconventioncenter.com/parking
Some quick checking shows that Seattle's brand new 45-story 1264-room Hyatt Regency Convention hotel has about 35% parking ratio or 440 spaces. Their $1.4 billion under construction convention center expansion to total ~850,000 Sq Ft will have about 750 parking spaces. Denver's convention center of about the same size has a 1,000 parking spaces which are also used for the performing arts center. Their convention center hotel finished in 2006 has about 50% parking ratio or 550 parking spaces.

Just a guess that the City has some type of obligation to the Hyatt for parking spaces. Anybody know the details?

Phoenix really needs to get over its obsession for lots of parking spaces. :)

^ The Regency garage is an annoying one. Honestly, as garages go, it's got a great design with ground floor retail. It's not, however, ADA compliant.

AFAICT the Regency garage is the Hyatt garage. My first impression is that with a parking space replacement cost of $10 million plus, it is indeed a nonstarter. The land it sits on is simply not worth that much to make that a good deal on its own. There are, however, no spots left in the immediate core that haven't been spoken for that can have a high-rise product.

I wonder if there's something else driving this like structural or mechanical issues or problems renting out the ground floor and the city isn't wanting to spend the money rehabbing it.

Or, as is often the case, there's a developer preceding this RFP. Maybe a redevelopment could involve free/cheap land to get in a lucrative garage business (who knows how full it is) and plopping a tower on top of that in an otherwise overparked structure makes sense. Probably not for this boom tho.

Cost of garage parking has to be at least $20 million in today's world, I'd think. I'll guess ~$25 million a space.

Here's a new concept proposal; doesn't say how many rooms but only 83 parking spaces for 27-story on 25,000 Sq Ft of land area has to be a very low ratio. But it's a convention sited hotel; people fly in to stay at the hotel (and take Uber to get there :) ).

Site plan reviews scheduled for the Park Central apartments, Millenium at Park Central and for the Residences at Collier Center for later this month. Loving the momentum of residential continuing to be built downtown. As Stewart, Block 23 and Link 1 finish, we'll have Kenect definitely underway, and hopefully one or more of the Aspirant Fillmore building, 200 W. Monroe, Residences at Collier and/or Link 2 as well. This in addition to a continuing flow of low/mid-rise apartments in midtown and along Roosevelt.