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HX_Guy Dec 20, 2013 10:16 PM

Hotel Monroe building has finally been sold...

Quote:

Hotel Monroe sold in downtown Phoenix for nearly $8 million

A Minneapolis-based hotel and real estate development company has bought the long-vacant Hotel Monroe building in downtown Phoenix.

CSM Corp. acquired the 13-story building at Central Avenue and Monroe Street for nearly $8 million. It has been slated to be redeveloped into a 150-room hotel, but has sat vacant for several years after a foreclosure and a handful of unsuccessful sales attempts.

“The buyer is CSM, a hotel company based in Minnesota. The sales price was $7,850,000,” said Mark Winkleman, the COO of ML Manager, a receivership company selling the building.

CSM owns 37 hotels in 11 states including two in the Phoenix area. The company owns the Hilton Garden Inn Scottsdale and Residence Inn Mesa. CSM also owns hotels in Milwaukee, Denver and Detroit.

A San Diego group called Grasshopper One LLC had been trying to buy the 82-year old historic building but did not meet two closing dates.

ML Manager, the current owner of the building, is a receivership company that has been selling off assets held by Mortgages Ltd. The Phoenix-based commercial lender filed for bankruptcy protection after its CEO Scott Coles committed suicide in 2008.

Winkleman has been trying to sell Hotel Monroe since foreclosing on Grace Communities in 2010.

Grace Communities bought the downtown building in 2007 via a $27 million loan from Mortgages Ltd. with plans to develop a hotel. The Monroe building was long named the Professional Building and was home to Valley Bank & Trust.

“This has been an extremely long road to get this asset sold and I am pleased that this historic building can finally be restored and put back into use,” Winkleman said of today’s sale.

http://www.bizjournals.com/phoenix/n...n-phoenix.html
All of CSM's hotel properties all seem to be Residence Inn/Courtyard type places. I wonder if they will approach this the same way or do something unique? Im thinking probably same as they are used to. Better than vacant though I guess.

dtnphx Dec 20, 2013 10:34 PM

Quote:

Originally Posted by HX_Guy (Post 6381409)
Hotel Monroe building has finally been sold...



All of CSM's hotel properties all seem to be Residence Inn/Courtyard type places. I wonder if they will approach this the same way or do something unique? Im thinking probably same as they are used to. Better than vacant though I guess.

I checked their website and was excited that they do also have the Marriott Renaissance brand, but then realized there is already one down the street (former Adams Hotel). :(

Like you said, HX, it's better occupied.

Cardsfan Dec 21, 2013 5:23 AM

I really enjoy the Courtyard Marriott in San Diego's Gaslamp district. My place of choice when visiting during the winter months. I believe that is an old 1920's era bank and they preserved the original uniqueness very well. Hopefully the investment group and Marriott brand will make this location a great hotel for a long time to come.

nickw252 Dec 22, 2013 2:34 AM

I don't know where CSM came from. All the previous news was about the Grasshopper 1 entity that had been trying to buy the building.

It looks like they've re-habed older urban properties though:

http://csmcorp.net/cases/the-milwaukee-road-depot/

nickw252 Dec 24, 2013 5:54 AM

New permit for the apartments at Central and Highland

http://i43.tinypic.com/30xhf1h.jpg

Phxguy Dec 25, 2013 1:34 AM

Took the train downtown today (shot myself in the foot for forgetting my camera) but on with the updates.

-Reasonable amount of people walking around downtown albeit being X-mas Eve. Most businesses were closed as expected. Ton of people ice skating though.

- All businesses are moving out of the 2-story Luhr's building where the hotel is expected to go. Bitter and Twisted looks about the same as far as progress. That shoe store in Cityscape moved to Indian School and Jos A Bank had a ton of sales (anyone know how well the business is faring?)

-A State Farm office has taken up the space where Downtown Bicycle used to be. Nothing changed with Hotel Monroe. 1st Street actually feels a bit more "urban" with the pots and diagonal parking. A bar and liquor sign was on the door of the old Matador space (was that always there?)

-I couldn't figure out what was happening at the AZ Center, but maybe a facade improvement? Coffee shop opening up in Heritage Square.

-The Native American Connections building fills in very nicely from all angles. De Soto Building is a crazy awesome improvement from what it used to be. A salon is opening in the empty space between Fair Trade Cafe and Portlands.

-Across from the Knipe House, it looks like the lot is has been cleared where the 2nd apartment building would be going. Any word yet?

Hope to see many more improvements when I return in 2015. Happy Christmas!

ljbuild Dec 27, 2013 9:22 PM

Info about phoenix observation tower
 
ATTENTION
anyone wanting info about the

""PROPOSED PHOENIX OBSERVATION TOWER""

GOOGLE IT !!!!

And there you will find some interesting photos. Personally, I like it, BUT

I wish they would build it north and/or northwest of the CHASE TOWER area.

That would put it FURTHER AWAY from the flight line of sky habor which will

also allow for it to be BIGGER that the 420ft that it is proposed to be built at.

Furthermore The Paris effiel tower, the stratosphere in vegas, the space needle

in seattle are all much bigger that 420 feet.

Prestige Worldwide Dec 27, 2013 10:48 PM

Quote:

Originally Posted by ljbuild (Post 6386544)
allow for it to be BIGGER that the 420ft that it is proposed to be built at.

I like the tower, but I don't think it is going to be built. The tower gets built with a business plan that attracts investors to front the money to build it. Investors need to believe that the tower can generate a reliable revenue stream over many years to pay back the loans. I believe this is the struggle that Novawest is currently having.

A bigger tower means a higher construction cost and more money to borrow. I doubt that if the proposed location were moved that it would be any taller. The height is dependent upon how much money can Novawest get to build out the project, as opposed to any zoning/FAA concerns.

gymratmanaz Dec 27, 2013 11:19 PM

Every single tourist or conventioneer that comes downtown will be in walking distance, and they will all go up to see the view.

I would go in it in a heartbeat, and I am afraid of heights.

This would be so unique and a draw to downtown. It would be distinctive and be a photo op that would be synonymous with Phoenix. Just as you see other towers, you would recognize Phoenix as well.

Prestige Worldwide Dec 27, 2013 11:45 PM

Quote:

Originally Posted by gymratmanaz (Post 6386650)
Every single tourist or conventioneer that comes downtown will be in walking distance, and they will all go up to see the view.

I would go in it in a heartbeat, and I am afraid of heights.

This would be so unique and a draw to downtown. It would be distinctive and be a photo op that would be synonymous with Phoenix. Just as you see other towers, you would recognize Phoenix as well.

You make some great points, and I believe that it would be popular and people would go, I would love to see it built. But the ultimate question for Novawest is 'can we make $X off of Y people per year to pay back $Z and meet our annual operating expenses '$W' and still profit '$P'' The project has to pencil out or else it will remain a bunch of pretty renderings.

If the tower saw 250,000 visitors a year (about 684 people a day), and they made $25 in revenue off each visitor ($15 admission, $10avg for food/bev/soveniers/ancillary revenue) that's $6.2M a year. That's $187.5M over 30 years. Is that enough? I'm not saying I know the answer, but that's the formative question that will determine whether this is built.

ASUSunDevil Dec 28, 2013 12:41 AM

Quote:

Originally Posted by Prestige Worldwide (Post 6386675)
You make some great points, and I believe that it would be popular and people would go, I would love to see it built. But the ultimate question for Novawest is 'can we make $X off of Y people per year to pay back $Z and meet our annual operating expenses '$W' and still profit '$P'' The project has to pencil out or else it will remain a bunch of pretty renderings.

If the tower saw 250,000 visitors a year (about 684 people a day), and they made $25 in revenue off each visitor ($15 admission, $10avg for food/bev/soveniers/ancillary revenue) that's $6.2M a year. That's $187.5M over 30 years. Is that enough? I'm not saying I know the answer, but that's the formative question that will determine whether this is built.

That estimate seems fair, and it doesn't include potential revenue created by:

- a high-end restaurant
- event space for catered events
- a viewing gallery for special art and cultural exhibits
- an evening lounge and nightclub

I think you can see plenty of Phoenix from 430 feet. Really hoping this project happens.

Prestige Worldwide Dec 28, 2013 4:43 AM

Quote:

Originally Posted by ASUSunDevil (Post 6386723)
That estimate seems fair, and it doesn't include potential revenue created by:

- a high-end restaurant
- event space for catered events
- a viewing gallery for special art and cultural exhibits
- an evening lounge and nightclub

I think you can see plenty of Phoenix from 430 feet. Really hoping this project happens.

I agree, there are a lot of potential revenue sources beyond the price of admission. I'm sure Novawest is somewhere in the right ballpark or they wouldn't be trying in the first place. Let's hope for the best, but I will leave myself prepared if 'The Pin' becomes another project that couldn't take flight.

jefe Dec 28, 2013 11:58 PM

Phoenix Rio Salado
 
It looks as if Phoenix is extending its Rio Salado Park eastward past 24th St. and under the I-10/Salt River bridge.

Does anyone have info on how far this stage might extend? Where access points will be? I can't seem to find any info on any Phx web sites.

CrestedSaguaro Dec 30, 2013 4:21 PM

Quote:

Originally Posted by ljbuild (Post 6386544)
ATTENTION
anyone wanting info about the

""PROPOSED PHOENIX OBSERVATION TOWER""

GOOGLE IT !!!!

And there you will find some interesting photos. Personally, I like it, BUT

I wish they would build it north and/or northwest of the CHASE TOWER area.

That would put it FURTHER AWAY from the flight line of sky habor which will

also allow for it to be BIGGER that the 420ft that it is proposed to be built at.

Furthermore The Paris effiel tower, the stratosphere in vegas, the space needle

in seattle are all much bigger that 420 feet.


Not sure what this was about, but there has been nothing new on the observation tower in several months. The only glimpse of hope I have seen is their FB page declaring "The new year will be an exciting time for us. We'll be sure to keep you posted!", and I'm not even sure if they are referring to the observation tower being that they seem to post everything from Cardinals games to news from other cities. Not much to really go on. Also, with Phoenix scratching them off the 12/9 planning committee meeting and having not seen it rescheduled yet tells me probable dead project. :(

CrestedSaguaro Dec 31, 2013 5:09 PM

Found a small article relating to a few things over the year, but of particular interest is #4 about the Pin. Not sure where the information was obtained as I have not seen any cancellation news. If his information is true, the idea to locate it north of downtown, especially Hance Park, would be great as this would result in extra tourism draw to Hance Park, better unobstructed views, and possibly a taller tower as well. But too much too speculate at this point. It would be nice just to see what is "officially" the word on the observation tower. :shrug:

Quote:

[B]A DOWNTOWN PHOENIX YEAR-IN-REVIEW 2013: III. THREATS

In the traditional SWOT (strengths, weaknesses, opportunities, and threats) analysis, on which this quartet of posts is modeled, a weakness is defined as something of internal origin that is harmful to organizational mission. I had a difficult time categorizing items that are weaknesses or threats (external origin) so this afternoon’s post should be read in concert with yesterday’s post.

1. Fallout from 2nd Street / Knipe House RFP — Like any good project downtown, the saga has been documented in many blogs, tweets, and Facebook posts. (NB: I was retained by one of the proposing teams for the original RFP to provide technical advice.) I won’t chime in too much on the topic because of that involvement but I know that time will certainly tell what happens with the project and how it might impact the Roosevelt Street district. There has been a petition launched by one of the main people behind one of the non-selected projects to call on the City to reject the selected project. Tempers and tensions are very high, understandably, but I hope the language being used surrounding this project (e.g., “the end is nigh for Roosevelt and downtown Phoenix”) is brought to a more civil — and reasonable — level.

2. Suburban vs. Urban Council District Divide — In recent years, and especially manifest in 2013, there has been a major divide in urban vs. suburban interests on the City Council. The council has become, unfortunately, more anti-downtown and anti-urban. The original plans for a large downtown biomedical campus have been retooled to share with all parts of Phoenix, especially near north Phoenix’s Mayo Hospital. Mayor Greg Stanton was the lone dissenting vote to approve a large Circle K at the southeast corner of 7th Street and Roosevelt. The proposed downtown observation structure, “The Pin,” was championed by a north Phoenix council representative. To those people, our downtown is a playground for suburbanites. While that might be okay to some point, it does very little for those who try to make and celebrate the urban experience in Phoenix. (I’ll write an essay on this in 2014.)

3. Phoenix’s Community & Economic Development Department (CED) Asleep at the Wheel — In 2013, we’ve learned of several major economic development projects that have gone to Phoenix’s suburb cities: a major Apple component subcontractor locating in southeast Mesa, State Farm and USA Basketball to Tempe, among others. No mention was made of Phoenix, especially downtown Phoenix, even being in the running for these major endeavors. If not, where was CED? And, if so, what broke down?

4. Location and Site of “The Pin” — To great relief, it’s been announced that the proposed “The Pin” observation deck at Heritage & Science Park will not be happening. This is a good thing, right, so why is it on the threats list? People involved with “The Pin” have been scoping out other sites in downtown including, perhaps, as part of Hance Park’s redesign. I would hope that this project has seen its last light: I am not a fan.

5. Relationship with the State of Arizona — At best, Phoenix has a tenuous relationship with our state government. In recent months, though, it would seem that the relationship between Phoenix and Arizona has soured. After Phoenix passed its LGBT non-discrimination ordinance in March, the State Legislature took up debate on trying to overturn Phoenix’s law. In 2012, the State Legislature passed legislation that forced cities to have their municipal elections in even-numbered years; this year, a court overturned this law. We’ve seen the ongoing sagas with the debates over solar power, women’s health rights, immigration reform and immigrants’ rights, and almost every other debate out there. And then there’s perception. Arizona is still plagued by the fallout from SB 1070 and all of the baggage that went along with that. That perception is still alive elsewhere: as Washington State Representative Joe Fitzgibbon (D-Wash. LD 34) tweeted after the Arizona Cardinals upset the Seattle Seahawks last week: “Losing to a desert racist wasteland sucks a lot.”

http://www.edwardjensen.net/downtown...3-threats/4428

Sepstein Jan 8, 2014 2:04 AM

Union at Roosevelt
 
Anyone know when the construction starts on this project? Really hope this is for real!

N830MH Jan 8, 2014 5:55 AM

Quote:

Originally Posted by jefe (Post 6387425)
It looks as if Phoenix is extending its Rio Salado Park eastward past 24th St. and under the I-10/Salt River bridge.

Does anyone have info on how far this stage might extend? Where access points will be? I can't seem to find any info on any Phx web sites.

We haven't hear any news lately. I can't find it. Maybe you can lookup the entire website at azdot.gov and this should be more helpful.

Jjs5056 Jan 9, 2014 12:13 PM

Do you guys think The Pin is really viable at Hance Park? I applaud the efforts to revitalize the space, but I'm skeptical the park will become a destination of its own without cannibalizing the impact of other positive movements downtown. Wasn't Civic Space supposed to hold movies in the park? Isn't the public market struggling as it is without increased competition nearby? And, should the Knipe restoration go through, are two breweries in such proximity sustainable?

Density in Phoenix is more than just pockets of large populations within small spaces; it's also about creating synergy and excitement through groupings of venues and destinations that draw crowds, preferably of the same interest. The city is too spread out, and its core too lacking to support multiple hubs. That's why planning is crucial to try and force feed vitality into pockets of the city. Roosevelt has the arts scene, Washington some clubs, but what else? Adams and the convention center district have a real shot at creating a piece of Phoenix truly worth visiting if the Pin were to come to fruition. The CC, multiple hotels, future retail ( if the RFPs are to be believed ), Heritage Park, Science Center and now The Pin. Sure, most Phoenicians know the "real" city is to the north, just as NYCers know the Empire State Building isn't the epitome of their home, but this place is in dire need of a Times Square, a Space Needle, etc. and height be damned, I think this would be an excellent step toward connecting all of these pieces- Roosevelt, Adams, CityScape, Ballparks, etc.

Letting this leak over to Hance will be yet another miss (I've lost count); great in theory: extra height, attraction to a dying park, skyline infill, etc. But, in a year, when conventioneers stop bothering to ride the light rail north, and a majority of the other "new" improvements fail or never come to fruition, we'll be left with another waterless play fountain.

dtnphx Jan 9, 2014 4:03 PM

Quote:

Originally Posted by Jjs5056 (Post 6399756)
Letting this leak over to Hance will be yet another miss (I've lost count); great in theory: extra height, attraction to a dying park, skyline infill, etc. But, in a year, when conventioneers stop bothering to ride the light rail north, and a majority of the other "new" improvements fail or never come to fruition, we'll be left with another waterless play fountain.

Well, perhaps The Pin could be a catalyst for a better Hance Park. You can argue it's dying all you want, but it's just underutilized and built over a freeway overpass, it's the the Ellipse or Central Park.

Also, what is the about conventioneers not riding light rail north this year? What does that even mean?

FitnessPower Jan 10, 2014 5:52 PM

Quote:

Originally Posted by Jjs5056 (Post 6399756)
Do you guys think The Pin is really viable at Hance Park? I applaud the efforts to revitalize the space, but I'm skeptical the park will become a destination of its own without cannibalizing the impact of other positive movements downtown. Wasn't Civic Space supposed to hold movies in the park? Isn't the public market struggling as it is without increased competition nearby? And, should the Knipe restoration go through, are two breweries in such proximity sustainable?

Density in Phoenix is more than just pockets of large populations within small spaces; it's also about creating synergy and excitement through groupings of venues and destinations that draw crowds, preferably of the same interest. The city is too spread out, and its core too lacking to support multiple hubs. That's why planning is crucial to try and force feed vitality into pockets of the city. Roosevelt has the arts scene, Washington some clubs, but what else? Adams and the convention center district have a real shot at creating a piece of Phoenix truly worth visiting if the Pin were to come to fruition. The CC, multiple hotels, future retail ( if the RFPs are to be believed ), Heritage Park, Science Center and now The Pin. Sure, most Phoenicians know the "real" city is to the north, just as NYCers know the Empire State Building isn't the epitome of their home, but this place is in dire need of a Times Square, a Space Needle, etc. and height be damned, I think this would be an excellent step toward connecting all of these pieces- Roosevelt, Adams, CityScape, Ballparks, etc.

Letting this leak over to Hance will be yet another miss (I've lost count); great in theory: extra height, attraction to a dying park, skyline infill, etc. But, in a year, when conventioneers stop bothering to ride the light rail north, and a majority of the other "new" improvements fail or never come to fruition, we'll be left with another waterless play fountain.

Agree 100%

rocksteady Jan 10, 2014 6:06 PM

Quote:

Originally Posted by Jjs5056 (Post 6399756)
Do you guys think The Pin is really viable at Hance Park? I applaud the efforts to revitalize the space, but I'm skeptical the park will become a destination of its own without cannibalizing the impact of other positive movements downtown. Wasn't Civic Space supposed to hold movies in the park? Isn't the public market struggling as it is without increased competition nearby? And, should the Knipe restoration go through, are two breweries in such proximity sustainable?

Density in Phoenix is more than just pockets of large populations within small spaces; it's also about creating synergy and excitement through groupings of venues and destinations that draw crowds, preferably of the same interest. The city is too spread out, and its core too lacking to support multiple hubs. That's why planning is crucial to try and force feed vitality into pockets of the city. Roosevelt has the arts scene, Washington some clubs, but what else? Adams and the convention center district have a real shot at creating a piece of Phoenix truly worth visiting if the Pin were to come to fruition. The CC, multiple hotels, future retail ( if the RFPs are to be believed ), Heritage Park, Science Center and now The Pin. Sure, most Phoenicians know the "real" city is to the north, just as NYCers know the Empire State Building isn't the epitome of their home, but this place is in dire need of a Times Square, a Space Needle, etc. and height be damned, I think this would be an excellent step toward connecting all of these pieces- Roosevelt, Adams, CityScape, Ballparks, etc.

Letting this leak over to Hance will be yet another miss (I've lost count); great in theory: extra height, attraction to a dying park, skyline infill, etc. But, in a year, when conventioneers stop bothering to ride the light rail north, and a majority of the other "new" improvements fail or never come to fruition, we'll be left with another waterless play fountain.

Totally agree, but do you feel having such an iconic building in the middle of uptown and downtown will help "connect the dots" more quickly than if it weren't there at all? Will we see more highrises pop up along central to fill in the gap and local businesses clamoring to be nearby The Pin? Seattle's Space Needle isn't in the heart of their downtown either, and if you have ever been up there the distance between the two gives you a much better view of the downtown and surrounding area than if it were build alongside the downtown buildings.

Due to The Pin's limited height of 430ft, I fear that in a decade from now some 500 footers may eventually surround this thing and then it becomes a complete waste. It may also PREVENT some 500 footers from taking root downtown because the city doesn't want to block the Pins views and iconic stature...and I'd hate to see The Pin deter higher buildings getting build downtown. Moving it further north will allow potentially greater heights, an iconic spot in the sky, and more possibilities for FUTURE growth towards its locations from both uptown and downtown. How great would it be to see The Pin dead center of uptown and downtown with a bridged skyline centered with The Pin?

PHXFlyer11 Jan 10, 2014 6:43 PM

Quote:

Originally Posted by rocksteady (Post 6401720)
Totally agree, but do you feel having such an iconic building in the middle of uptown and downtown will help "connect the dots" more quickly than if it weren't there at all? Will we see more highrises pop up along central to fill in the gap and local businesses clamoring to be nearby The Pin? Seattle's Space Needle isn't in the heart of their downtown either, and if you have ever been up there the distance between the two gives you a much better view of the downtown and surrounding area than if it were build alongside the downtown buildings.

Due to The Pin's limited height of 430ft, I fear that in a decade from now some 500 footers may eventually surround this thing and then it becomes a complete waste. It may also PREVENT some 500 footers from taking root downtown because the city doesn't want to block the Pins views and iconic stature...and I'd hate to see The Pin deter higher buildings getting build downtown. Moving it further north will allow potentially greater heights, an iconic spot in the sky, and more possibilities for FUTURE growth towards its locations from both uptown and downtown. How great would it be to see The Pin dead center of uptown and downtown with a bridged skyline centered with The Pin?

Agree completely, this is similar to what I was thinking. Sure, it may struggle some to get visitors, but in the process, it can spark some life into Hance Park as well as development up and down Central, not just downtown.

I could see it also limiting future development if it was built in the proposed location.

Central Avenue is really the center of Phoenix. How cool would it be to "drop the pin" on Central and the 10 in Hance Park? Maybe the light rail could run through the base of the pin, and could have its own stop? I think this would help offset some of the traffic that it would lose by not being downtown. Maybe there could be a few rides and other attractions added at the park that couldn't be added downtown. I realize there are logistical, security and engineer aspects here that would have to be addressed, I am just throwing out an idea.

Jjs5056 Jan 10, 2014 7:29 PM

Quote:

Originally Posted by dtnphx (Post 6399898)
Well, perhaps The Pin could be a catalyst for a better Hance Park. You can argue it's dying all you want, but it's just underutilized and built over a freeway overpass, it's the the Ellipse or Central Park.

Also, what is the about conventioneers not riding light rail north this year? What does that even mean?

Sorry, I wasn't clear.

1) Not riding north "in a year" was meant to allude to the fact that once the new-ness of The Pin has worn off, do you think out of towners will be as likely to hop on the rail to visit The Pin in an area of town with less attractions/destinations? How many hotels are near the originally proposed locations vs. near Hance? I'd also anticipate some NIMBY action.
2) I hope Hance can transform, but IMO, the plans were a bit underwhelming and taking The Pin from an area where it will be used and likely add excitement and life to a part of town that would probably be best served with amenities everyday residents could use (like a dog park which I have heard good things about, or something like a carousel that local kids could use year-round, etc.) seems like a desperate attempt to catch "the next big thing" for downtown, only this time, it's been pushed even further from the core and even more likely to fizzle than the AZ Center, Colliers, etc. of the past.

I mention all of these merely as food for thought- I'm happy to hear others' thoughts. I just hope more than just height is considered when thinking of where the best location is.

rocksteady Jan 10, 2014 8:41 PM

Quote:

Originally Posted by Jjs5056 (Post 6401858)
Sorry, I wasn't clear.

1) Not riding north "in a year" was meant to allude to the fact that once the new-ness of The Pin has worn off, do you think out of towners will be as likely to hop on the rail to visit The Pin in an area of town with less attractions/destinations? How many hotels are near the originally proposed locations vs. near Hance? I'd also anticipate some NIMBY action.
2) I hope Hance can transform, but IMO, the plans were a bit underwhelming and taking The Pin from an area where it will be used and likely add excitement and life to a part of town that would probably be best served with amenities everyday residents could use (like a dog park which I have heard good things about, or something like a carousel that local kids could use year-round, etc.) seems like a desperate attempt to catch "the next big thing" for downtown, only this time, it's been pushed even further from the core and even more likely to fizzle than the AZ Center, Colliers, etc. of the past.

I mention all of these merely as food for thought- I'm happy to hear others' thoughts. I just hope more than just height is considered when thinking of where the best location is.

JJ, do you not thinking having The Pin in the downtown location would jeopardize future highrises that hit the 500ft mark? The city may not approve any around it if it compromises views of this "landmark" building. If the city doesn't care then there would certainly be other legal battles that builders may not want to even deal with.

Secondly, if buildings of equal or greater height are indeed built around it, won't the building become just as useless there than after the initial first year buzz wears off if it were in Hance Park?

Jjs5056 Jan 10, 2014 9:11 PM

Quote:

Originally Posted by PHXFlyer11 (Post 6401778)
Agree completely, this is similar to what I was thinking. Sure, it may struggle some to get visitors, but in the process, it can spark some life into Hance Park as well as development up and down Central, not just downtown.

I could see it also limiting future development if it was built in the proposed location.

Central Avenue is really the center of Phoenix. How cool would it be to "drop the pin" on Central and the 10 in Hance Park? Maybe the light rail could run through the base of the pin, and could have its own stop? I think this would help offset some of the traffic that it would lose by not being downtown. Maybe there could be a few rides and other attractions added at the park that couldn't be added downtown. I realize there are logistical, security and engineer aspects here that would have to be addressed, I am just throwing out an idea.

Rocksteady and PHXFlyer, I don't disagree with your rationale at all and think you've brought up some exciting ideas. The problem is reality, unfortunately, and those realities include:

1) Making downtown a showpiece is not the main goal or priority for this city and its constituents.
2) (As I am sure you know) Sky Harbor already greatly limits the heights of buildings near The Pin's original location.
3) No projects completed during the last boom even cleared 400' - CityScape I, OCPE, 44 Monroe and The Sheraton hover between 360' and 380'
4) Big business is running away from midtown as fast as possible, leaving a virtual ghosttown and downtown, while thriving in sone sectors, has continued to lose out on any new HQ or satellites locating to the Valley (State Farm, USA Basketball, Apple part 1 and 2, and of course the Intels, eBays, and Paypals of years past)

A lot of here are dreamers, which is awesome, because we get to share ideas that those in City Hall could never come up with on their own. So, sometimes it's hard to face the inevitable. But, we're also smart and understand that the city can still thrive and become something special and unique despite those 4 realities if done properly because we aren't swayed by greed and corruption. But, what these realities mean are:

1a) The funding that goes into making something like the Space Needle so successful so far removed from the core just isn't there, nor is the intrigue or history; nobody will be paying for a light rail stop beneath the structure (love this idea even if it might discourage exploring anything nearby before/after) because interests lie in North Phoenix, not in downtown or midtown.

1b) Because of these competing interests, we need to take advantage of the assets downtown has that no other part of town can offer and create distinct districts and destinations and that will ultimately give DTPHX its identity in a way a big box mini mall on 21056th St. and Eutopia Rd. can't. Midtown weakened our hold on the commercial sector and no the Mayor is hell-bent on diminishing the Bio Campus by moving the planned hospital and other projects to Desert Ridge. However, Sky Harbor's proximity and the renovated Convention Center are here to stay. Why take away the potential for a densely populated tourist node by moving an attraction that will cater mainly to this demographic miles north?

1c) With The Pin in place, along with the other Adams St projects that seem at least somewhat serious - hotel on Central/Adams, renovated retail along the existing frontages, etc. - this area may just be our first truly defined district. Think of the foot traffic when conventions are in town (which will be nearly year-round if our hotel inventory increases) with visitors checking out the retail, Pin, Science Center, Heritage Square... This will spur more retail, bars and restaurants that will be frequented by Phoenicians as well who will start seeing the buzz and wanting to live closer to the action, leading to residential development, and so on. Will it take time? Yes. But, these micro 'environments' are the only way our downtown is going to ever organically come together; when the Roosevelt cluster meets the ASU cluster which meets the tourism/CC which meets the CityScape and Entertainment cluster. Why jeopardize a synergy that seems so easy? It would be like building the tallest ASU dorm at Hance Park (except worse, IMO, since ASU essentially forces its dorms to be in use whereas there is little guarantee the Pin won't go empty within a few years).

1d) While Hance Park isn't Desert Ridge, it isn't downtown. Park Central, a mile or so from the park, destroyed downtown retail. Yes, we are connected via light rail now, but Hance Park and midtown need to find their own purpose and identity and watering down downtown's revitalization to try and "spread the wealth" will do neither side any longterm good. Imagine, as unrealistic as it may be, the The Pin takes off in its Hance location, spurring hotel developments nearby that drive ones like the Mariott and Hyatt out of business... I know it's not going to happen, but maybe people said that about Park Central vs. Hanny's in the midcentury?

2,3,4) Again, I think everyone on here is hoping that Phoenix will be filled with 500-600' structures within the next couple decades, but the reality is that having The Pin's views obstructed by future development is almost a non-issue. As mentioned, the tallest buildings constructed during our biggest "boom" weren't tall enough to block the very top of this thing, and with the FAA wanting to further reduce height limits, I don't see this being a deal-breaker. There are bound to be a few projects closing in on 400' (Colliers, CityScape parking lot, maybe some lots to the west), but I think it's more likely that this construction will be mixed in with midrise development that will allow for unique and interesting view corridors from all angles.

4) I dream of a skyline that flows from Camelback to Madison, but this will never happen unless policy changes drastically to lure out of state HQ to the core and economic forces beyond our city's control encourage movement toward an area with Phoenix's conditions (I see the opposite being more likely given our water issues). Class A space is at a premium and so, like I said, a few more skyscrapers *in the core* are likely, but at this point, that kind of development north of Van Buren would actually be a bit disheartening. I think McDowell-north needs midrise residential, updated frontages wit retail to encourage street life, more green space, etc.

And, that, my friends is my thesis on The Pin, a monument I think has more potential for the city than most imagine, but that will almost certainly go the way of so many other failed Phx proposals.

Jjs5056 Jan 10, 2014 9:19 PM

Quote:

Originally Posted by rocksteady (Post 6401958)
JJ, do you not thinking having The Pin in the downtown location would jeopardize future highrises that hit the 500ft mark? The city may not approve any around it if it compromises views of this "landmark" building. If the city doesn't care then there would certainly be other legal battles that builders may not want to even deal with.

Secondly, if buildings of equal or greater height are indeed built around it, won't the building become just as useless there than after the initial first year buzz wears off if it were in Hance Park?

Hi there - I addressed this is in my novel posted below. I know it's a lot to read, so I'll spare you some time. :) Not one building was constructed the boom that would've impaired The Pin's views from the top, and only 4 came close, each between 360-380'. Since then, the FAA has threatened to reduce limits even further, and though Class A space is at a premium, the City has continually struggled with attracting the types of HQ needing 500' towers. The market and FAA will have much more impact on the lack of future 500' rooters than the city and its potential interests in keeping The Pin's views. Also, keep in mind that AFAIK The Pin is a completely private venture, no? In that case, the chances if the city blocking a proposal that jeopardized the project would be zilch.

Maybe someone with a better understanding of air rights could chime in. I'm sure a project whose revenue model is based off views would protect itself as much as it legally could.

I'm sure potential views were taken into consideration when picking a location, and even if a few towers close in height are built in the future, I think the juxtaposition of mountains against a cityscape almost adds to the draw, and there is less than a 1% chance that downtown will fill up solely with skyscrapers. Low and midrise development is more likely and will help keep these view corridors.

ASUSunDevil Jan 10, 2014 9:46 PM

Bingo. Bring The Pin Downtown! :notacrook:

Quote:

Originally Posted by Jjs5056 (Post 6402005)
1c) With The Pin in place, along with the other Adams St projects that seem at least somewhat serious - hotel on Central/Adams, renovated retail along the existing frontages, etc. - this area may just be our first truly defined district. Think of the foot traffic when conventions are in town (which will be nearly year-round if our hotel inventory increases) with visitors checking out the retail, Pin, Science Center, Heritage Square... This will spur more retail, bars and restaurants that will be frequented by Phoenicians as well who will start seeing the buzz and wanting to live closer to the action, leading to residential development, and so on. Will it take time? Yes. But, these micro 'environments' are the only way our downtown is going to ever organically come together; when the Roosevelt cluster meets the ASU cluster which meets the tourism/CC which meets the CityScape and Entertainment cluster. Why jeopardize a synergy that seems so easy? It would be like building the tallest ASU dorm at Hance Park (except worse, IMO, since ASU essentially forces its dorms to be in use whereas there is little guarantee the Pin won't go empty within a few years).


PHX31 Jan 10, 2014 10:45 PM

Isn't the pin already dead?

Obadno Jan 10, 2014 11:06 PM

Speaking of dead,

A couple of months ago somone was posting stuff about 4 towers being built downtown. One on Van buren Even had a basic rendering.


Any news on that or was he a crack-head?:shrug:

Jjs5056 Jan 11, 2014 3:09 AM

Quote:

Originally Posted by PHX31 (Post 6402148)
Isn't the pin already dead?

Likely, yes. :titanic:

The fact that there's little more action to discuss is reason enough that multiple 500' towers blocking a potential observation tower's view is a non-issue.

The "4 towers" wasn't made up, but none of the projects have taken off. At the time, developers were fishing for tenants and given that most companies that are new to the Valley head east to Tempe/Chandler, they've likely realized the projects aren't financially viable, for now at least. There's only so many companies in midtown to cannibalize, especially given te Camelback Corridor competition.

The project on VB with the rendering - 200 Monroe - was one of the most insulting and offensive proposals I have seen since following this city's development. AFAIK, this one is definitely dead- can someone please confirm that?

What were the other 3? The CityScape/Colliers lot will eventually be filled... In fact, I would bet that'll be the site of our next office tower. When will that be? Maybe when those in charge of Phoenix's economic development start doing their job and grab us a major HQ. The other Colliers site finally started making moves last year, with press releases and renderings, and I have to say I'm surprised they haven't found a hotelier for that pad. That is a PRIME spot and all signs point toward DT needing as many hotel rooms as possible.

https://www.cbremarketplace.com/bcphoenix/

I know RED recently purchased the retail portion of Colliers- did the sale include this parcel? If so, is that good news or bad news? I would think they'd consider the Palomar a success, but they also cut a second hotel (12 Hotels) from the initial proposal, so I'm not sure how bullish they are.

Was the 4th the lot south of the Palomar? Not sure I have ever heard news or proposals for that piece.

Jjs5056 Jan 11, 2014 3:26 AM

Well, went searching and found some answers.

Looks like RED did indeed purchase the entire Colliers development, and has been marketing the sea of vacant suites. A major law firm (Lewis Rocha) is moving in this month, which according to their site (cannibalized from Renaissance building) marks the official launch of these efforts. They plan to bring a similar mix of retail to Colliers as they've done at CityScape, which also includes MORE DIGITAL BILLBOARDS shown in some of the renderings. Phew- just when I was thinking that part of Jefferson was dulling down! They're also teasing us with cross-development events. Can't wait to walk up one set of unnecessary stairs, across an asphalt island 10+ degrees higher than the rest of town and head up another set of unnecessary stairs to enter a raffle before grabbing a bite at Paradise Bakery.

Unfortunately, there's no mention of the empty hotel pad on the site or in any of their marketing materials, but I did out out an email to their rep and will see if they share any info.

http://reddevelopment.com/Post/secti...t%20120413.pdf

alexico Jan 13, 2014 12:41 AM

sorry about a probable repost but is going up on 44th and camelback?

old article but any drawings/updates

http://www.bizjournals.com/phoenix/n....html?page=all

PHX31 Jan 13, 2014 4:32 PM

I think this was discussed before, but I don't know if it has been mentioned in a while... the City of Phoenix has just issued (Dec 24th) an RFP to "privately develop, finance, construct and
manage a multi-modal, mixed-use, high-rise, transit-oriented development project at the Central Station Transit Station (Central Station) in downtown Phoenix".

There is a pre-proposal conference for this project January 23rd. Sometimes you can get good information at these, I may go just to see what kind of interest there is.
The proposals are due February 24th.

It's great they are moving forward with trying to find a developer to make central station into a high-rise TOD. I hope they find an interested party. Unfortunately these things seem to drag on forever, and I've seen several RFPs issued by the City of Phoenix to develop or redevelop various downtown lots but I can't remember any that actually came to fruition.

Jjs5056 Jan 13, 2014 11:42 PM

Thanks for the heads up. Someone (Hoover?) mentioned the RFP and that they are definitely looking for a mixed use tower with multi-modal transit integrated into the ground floor. But, I didn't know it was moving along so quickly (the planning at least). Where are these located and is anyone interested in going?

Looks like the city will have its hands filled with RFPs this year. Just awarded the winner of the Knipe house development, and they're also planning to issue ones for the old Matador restaurant, and the vacant lot/proposed Aloft St Central/Adams.

combusean Jan 14, 2014 12:25 AM

There's never an RFP before a developer expresses an interest in a site. The only reason they put out the RFP is so that anybody can bid on the site and come up with a better offer than the original developer. Since downtown Phoenix isn't exactly booming right now for highrises, I can safely assume there is one developer.

The RFP adds substantially to the project credibility because few things actually get built in downtown Phoenix without the city's heavy hand guiding and subsidizing something grown from a behind the scenes, closed doors deal.

Jjs5056 Jan 14, 2014 1:26 AM

Thanks for that clarification. So,the city listed next steps for the Adams St projct as issuing RFPs for Central/Adams lot and the former Matador retaiil spot. How does what you've said apply in those cases? Will they first market the land/spot until one developer bites?

PHX31 Jan 14, 2014 5:11 PM

Quote:

Originally Posted by combusean (Post 6405321)
There's never an RFP before a developer expresses an interest in a site. The only reason they put out the RFP is so that anybody can bid on the site and come up with a better offer than the original developer. Since downtown Phoenix isn't exactly booming right now for highrises, I can safely assume there is one developer.

The RFP adds substantially to the project credibility because few things actually get built in downtown Phoenix without the city's heavy hand guiding and subsidizing something grown from a behind the scenes, closed doors deal.

Interesting. Good to know that there has already been interest. I thought the RFP was put out to drum up interest.

I didn't know the Knipe House had any additional movement on it other than Motley Design Group restoring it. And the other RFP aside from that one that I remember seeing was for the little bungalows on 2nd Avenue south of Roosevelt that Motley Design Group restored (did they restore more than one of those on 2nd Avenue?). I saw an RFP on those what seems like years ago and they're still fenced off as far as I know.

Jjs5056 Jan 14, 2014 5:19 PM

Quote:

Originally Posted by PHX31 (Post 6406000)
Interesting. Good to know that there has already been interest. I thought the RFP was put out to drum up interest.

I didn't know the Knipe House had any additional movement on it other than Motley Design Group restoring it. And the other RFP aside from that one that I remember seeing was for the little bungalows on 2nd Avenue south of Roosevelt that Motley Design Group restored (did they restore more than one of those on 2nd Avenue?). I saw an RFP on those what seems like years ago and they're still fenced off as far as I know.

The Knipe House was owned by Phoenix and the fire insurance allowed them to complete some extensive remodeling; in order to finish the project, private investment was needed. Thus, the city assembled the house and surrounding lots and issued an RFP. They selected a winner but there's been some controversy brewing over the amount of senior/low income involved in the project, which is essential to receiving funding. The project will likely move forward,and these appeals are doing nothing but allowing an entire plot of land and a historic house sit and collect dust, instead of being transformed into the brewery, live/work, market rate, and senior/low income spaces planned.

PHX31 Jan 14, 2014 5:31 PM

What is the current status? Who is the potential developer? And are there any plans out there for us to see? Maybe I missed it earlier.

PHX31 Jan 14, 2014 5:39 PM

Also, do you know if the land assembled for the Knipe House project includes the leg of land that has Roosevelt Street frontage? I know there is a nice little park there that has popped up, but there needs to be a building on Roosevelt for good street front presence.

HooverDam Jan 14, 2014 10:02 PM

^ The land includes that little park, yes. The people developing it are the same ones who did Encore in Tempe.

Bob Graham (of Motley Design) wrote a post on Taz Loomans' Blooming Rock blog about the whole project:

http://bloomingrock.com/2013/12/02/w...lt-in-phoenix/

PHX31 Jan 14, 2014 10:22 PM

/\Thanks. Good information in the post.

So, there was a meeting on December 4th regarding The Row. Does anyone know the outcome and what progress has been made? Or is it going to be squashed?

bwaynoh Jan 14, 2014 10:59 PM

Quote:

Originally Posted by PHX31 (Post 6406044)
Also, do you know if the land assembled for the Knipe House project includes the leg of land that has Roosevelt Street frontage? I know there is a nice little park there that has popped up, but there needs to be a building on Roosevelt for good street front presence.

No, the RFP did not include the parcel with the pop-up park on it. That parcel is privately owned, however; I believe that owner did submit a proposal during the RFP process but it was not the one selected.

bwaynoh Jan 14, 2014 11:13 PM

Quote:

Originally Posted by PHX31 (Post 6406497)
/\Thanks. Good information in the post.

So, there was a meeting on December 4th regarding The Row. Does anyone know the outcome and what progress has been made? Or is it going to be squashed?

The first article below sums up the latest info I've heard regarding The Row. I believe right now the city is working with RHA and the neighborhood on a district parking solution before going back to committee for approval. The second article shows a preliminary site plan.

http://www.downtownphoenixjournal.co...ng-associates/

http://downtowndevil.com/2013/11/14/...oosevelt-ecca/

Jjs5056 Jan 14, 2014 11:57 PM

Duplicate post.

Jjs5056 Jan 15, 2014 12:02 AM

I don't believe the Roosevelt frontage is included in any except for one - the one submitted by the current owner of that lot.

You can go searching further for actual site plans if you would like, but pages 35-37 of this document give a good overview of each proposal. RHA was the eventual winner.

http://phoenix.gov/webcms/groups/int...ces/106283.pdf

Bwaynoh's 2nd link includes the site plan:
http://downtowndevil.com/wp-content/...row_design.jpg

PHX31 Jan 15, 2014 12:06 AM

Thanks for the site plan information. I couldn't find any info online. Hopefully the current owner will develop something where the little park is. I feel like there was a general rendering showing something there (maybe RO2?).

Jjs5056 Jan 15, 2014 12:10 AM

Yep, IIRC, that is indeed the RO2 lot. Given the lack fo movement there, it's likely for the best that they didn't win this proposl which woildve essentially just given them additional land to sit on.

kingofleos Jan 15, 2014 3:16 AM

Tried getting info on Twitter, but didn't really get a ton of info.

http://i83.photobucket.com/albums/j2...ps7b1420de.jpg

Jjs5056 Jan 15, 2014 4:28 AM

Yikes, they really are going to try to buy support for 2 controversial projects ny combining them: Hance and the Pin. Shame. Maybe now instea of just commercial office buildings being stolen from downtown, midtown can also sart stealing hotels and other attractions as the Pin takes off.

No worry, thought, it's only chance was within walking distance of the CC/Sheraton.


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