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I think Astra may break ground during the second half of the year from what the developers have said. I think Skye, McKinley Green, Central Station, and X Base camp may break ground in the first half of the year though. Skye might fly up like Adeline lol
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What is the "Jefferson" project? I have heard of it but I have seen no rendering of that project. Hopefully we will know what will happen with the Hyatt Garage development this year too.
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Never mind, that's the Barrister project.
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Didn't Crested recently say that Edith had pulled some permits?
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Is Central Station stalled? No permits for 8 months, unless they're being recorded somewhere else.
McKinley Green and Skye (formerly Garfield House) should be sprouting up soon. |
X's second crane came down today. We're dropping in the crane count. We need to have some ground breakings soon. Here's the ones we should have starting this year...in the order I think they will happen:
1. Skye - Developer isn't wasting time on this. I think it will beat Central Station to a groundbreaking. 2. Central Station - I would rank this first, but as Sean said, no new permits in months. Not sure what's up. The lot was fenced off 3 months ago. 3. Palm Tower - No, this is not stalled. Many permits have been submitted as recently as mid-December. I'm guessing once AC has finished, this will move. 4. Edith - Lots of permits on Edith, but I don't trust Berger. Hope they follow through with this one. 5/6. McKinley Green/X Basecamp - supposed to be built concurrently to reduce infrastructure construction time and costs. 7. Astra - Late Q2 or Q3 groundbreaking. There's still a lot for them to do on this and I hope they refine the final design to give us something to be proud of. Blue and Jefferson/Barrister are still a ways off. I'll believe Barrister happens when I actually see it. Blue definitely 2022 at the least. |
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On that note, can some tell me which project is Blue? Is it the Jackson and 1st ST warehouse project? Thanks. |
It looks like Glasir Capital Partners who purchased the 601 N. Central lot has been actively marketing to developers:
https://vimeo.com/484535953 I'm confused about the '3 contiguous city blocks' though. I thought they only purchased 1.83 acres. |
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Central Station
I can only hope that the delay is them seeing if they can squeeze in the hotel. With vaccinations in process they may be dragging their feet to see if they can get the hotel developer back onboard. Otherwise I wish they’d just add more apartments if not. I can only hope this is the delay. What a disaster it would be if they had to pull the fences down and RFP this for a third time.
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I wonder if this could be Covid related delays? Heck, it took me 2 weeks just to receive my last couple of records requests. So everything is pretty slow right now. |
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I wouldn't put any stake in anything from the news, they are incorrect with their stats more often than not. The original building was 30 stores when they won the RFP, then they increased to 37, when they announced they removed the hotel (8 stories) they also said they added 3 additional floors of apartments, which puts it at 32 stories and all the renderings and video back that up.
The fencing was put up so early not for groundbreaking of the Tower itself, but for Valley Metro to remove items from the site before Medistar's contractor can get onsite and start full construction. Everything they have said to date seems to check out, so I would expect to see this start construction within the next month or so. |
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Then they say there's high-rise zoning allowing for 500', which is fundamentally not true, the limits are 483/458 for the south two blocks and 250' for the north block. Then saying ASU employs 120,000 there is bullshit--note the "Thunderbuild" typo. Their copy for pharmacy is wrong and conflated with Tucson. I don't think Phoenix's median home price has been in the mid 200s for a decade or more. Google and Facebook coming to Phoenix would be front-page news. The video is full of typos, awful grammar, and placeholder text...confirmed in that last frame, this is a beta that shouldn't have been put on a public site. ...Amateurs. I don't care, I'm keeping my play-by-play. Cool recent drone shots tho. |
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The Thunderbuild was a clue whoever put this together didn’t do their homework. RE: Median home prices - their stats are recent, just not the most recent. From the BizJounral: “ In December 2015, the median new home price was about $298,000 and the median resale price was about $205,000 — a difference of $29,000, he said. Today, the median new home price is $354,000 and the median resale is $325,000 — a difference of $29,000. "In almost five years, the median new home price in metro Phoenix has increased $56,000 or almost 19% versus resale price increase of 59% over the same time period," Kosan said. "The lack of resale supply and the lower $29,000 price differential is leading more buyers to new homes."” https://www.bizjournals.com/phoenix/...rdability.html |
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Some progress photos from Friday. AC Hotel looks very close to done -- even landscaping is complete.
The Battery Adeline Aspire Here PHX Society Phoenix (Just before the second crane was removed) Derby AC Hotel ASU Innovation Dorm Downtown Skyline from north |
Thanks PHO6!!!!!!!!
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