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-   -   Phoenix Development News (3) (https://skyscraperpage.com/forum/showthread.php?t=173764)

biggus diggus Jan 30, 2017 5:00 AM

So urban outfitters is gone.

PHXFlyer11 Jan 30, 2017 11:20 AM

That's too bad. Retail will have a much better chance to succeed in 6-12 months when all the new residential comes online.

ASU Diablo Jan 30, 2017 7:42 PM

Quote:

Originally Posted by biggus diggus (Post 7694268)
So urban outfitters is gone.

Please explain further. Do you mean in the process of closing down? I just walked by today during lunch and it's open with customers inside

biggus diggus Jan 30, 2017 7:47 PM

Quote:

Originally Posted by airomero83 (Post 7694890)
Please explain further. Do you mean in the process of closing down? I just walked by today during lunch and it's open with customers inside

Weird, I guess I was wrong then. Was at a comedy show last night and looked in the windows and they all were covered up, they must just do that at night.

ASU Diablo Jan 30, 2017 7:51 PM

Quote:

Originally Posted by biggus diggus (Post 7694896)
Weird, I guess I was wrong then. Was at a comedy show last night and looked in the windows and they all were covered up, they must just do that at night.

:tup:

Jjs5056 Feb 1, 2017 2:40 AM

Quote:

Originally Posted by airomero83 (Post 7688409)
Considering what's being proposed at 3rd St and Pierce (assuming it actually happens), just thinking how that area would look like in the future and how extremely dense it will be. Do we know if The Met will be staying permanently? That development belongs somewhere in the 'burbs. Also, do we know what will be happening to the old Holiday Inn Hotel site on 5th n Fillmore?

It feels like a joke that the City and ASU have essentially landlocked the area from expanding through more private development. I just can't even picture the other side of 4th Street looking like the Cancer Center's Pierce Street presence; worse still is that the original plans had parking structures along the Garfield edge. With the amount of land owned by both ASU and COP downtown, choosing to build out these parcels -- and, build them out in the next phase -- is so shortsighted. The majority of the parcels adjacent to the new residential is going to be for a Pharmaceutical School and Cancer Research + In-patient Care > all of which could have been built in the current footprint. Had the campus evolved to become more compatible with residential blocks moving north, it could have worked out: housing, health-related retail (Pharmacy, UrgentCare, Vitamin Shoppe) and services (LA Fitness, CORE, Yoga, Massage Envy), open space(the triangle across Skyline with the historic homes), schools for vocations like Dentistry and Veterinary Science, etc. The narrow scope and suburban office park design of the entire campus is a bummer.

A hotel for medical conferences and continuing education in place of the Holiday Inn would certainly be an upgrade, but nothing designed east of 4th Street makes me think it would be of any interest to a typical downtown patron. As of now, that parcel is not part of the PBC but if the hotel is closing, I cannot imagine it not being gobbled up. I think the area will look just fine with a mix of low, mid, and high-rise buildings; places like Capitol Hill, for example, are just as diverse. If the 4-5 story phase is replaced by 8-12 story midrises for the remaining lots near Hance and such, that would help aesthetically. I am more concerned about the intruding PBC, the viability of anything being developed or redeveloped on Fillmore west of Skyline, and whether there will ever be a chance to overhaul 1st Street heading toward the park as the massive garage and heinous tower are an awful gateway.

1st and Garfield -- I don't see that anyone answered this question; the plans are for a shipping container project filled with various retail and restaurants. I can't imagine it being more than 3-4 stories, but having 3/4 corners activated will be good business for Velo and hopefully spur more intense projects on lots like 2nd/Garfield, the Record Store lot, etc. I am also for any project that draws people south of Roosevelt, and I also like the idea of 1st Street being a hub of retail/restaurants to build off what currently exists.

biggus diggus Feb 1, 2017 2:43 AM

That's very interesting, I went to a project like that in Las Vegas last month and wondered why there isn't something similar in Phoenix. Theirs is on a much larger piece of land but it sounds like the same idea.

http://downtowncontainerpark.com/

Jjs5056 Feb 1, 2017 3:01 AM

The renderings of Central Park East look absolutely fantastic (as does the Derby, for that matter); I was surprised to see them surface as I had anticipated residential coming later, but it looks like this might be an all-at-once deal and if so, that block will be killer. The residential has retail on the ground level, which is enough for me and great for the park, a future Central Station, etc. The sale regarding the lots was finalized.

I wish ASU would do something with University Center sooner rather than later. The empty bookstore, makeshift bank, and otherwise dingy appearance is not much of a welcome to prospective students. I am sure they'll go for a total demo to get parking integrated, but in the meantime, converting that first floor should not be that difficult with the current retail environment. I love that Taylor Mall is filling in after years with the new salon in Cronkite and Chik Fil-A. Will be great once the restaurant space is leased at the Law School.

Since someone brought up the possible closure of UO, I have to quickly (for me) go back to the PSP Block and say that if you think that cheap 2-story piece of garbage is worth anything to RED, you're kidding yourself. Do I think they WILL demolish it within the decade? No. But, it is absolutely in the realm of possibility as we are seeing leasing difficulties now that potential lease deals have expired, more competition has entered with Colliers filling up, etc. In reality, this just is not the prime location for the shopping center of downtown, with mostly office and government neighbors. A revamped AZ Center is much better positioned, and Colliers is in a better place when it comes to landing pre- and post-game restaurants.

Someone asked about short-term fixes and unfortunately, the issues with the design would all require extensive renovation. Even something as simple as adding windows and patios to the 2nd floor is nearly impossible as the faux windows are located outside bathrooms, behind bars, etc. The claustrophobic sidewalks would require a reworking of the garage ramps along 1st Ave, and the turn lane on Jefferson. Making the roof active and removing the unnecessary planters and barriers near Chipotle are the only small changes I can think of. I would almost prefer the south building go and views to Luhrs opened up.

ASU Diablo Feb 1, 2017 3:43 AM

Quote:

Originally Posted by Jjs5056 (Post 7696677)
The renderings of Central Park East look absolutely fantastic (as does the Derby, for that matter); I was surprised to see them surface as I had anticipated residential coming later, but it looks like this might be an all-at-once deal and if so, that block will be killer. The residential has retail on the ground level, which is enough for me and great for the park, a future Central Station, etc. The sale regarding the lots was finalized.

Link to the renderings for CPE? Sounds awesome!

Phxguy Feb 1, 2017 8:12 AM

How many floors on the residential portion? Are we going to see some tower action? The hotel was 11 stories if I remember correctly.

Obadno Feb 1, 2017 4:38 PM

Quote:

Originally Posted by Jjs5056 (Post 7696677)
The renderings of Central Park East look absolutely fantastic

Do share:cheers:

ASU Diablo Feb 2, 2017 3:35 PM

Roosevelt Growhouse finds temporary new home at historic Knipe House
 
Greats news!! According to the article, the city will re-issue the Knipe RFP this upcoming Spring for a more permanent use.

http://downtowndevil.com/2017/02/02/...c-knipe-house/

phoenixwillrise Feb 2, 2017 11:10 PM

Central Park East?
 
Quote:

Originally Posted by Obadno (Post 7697123)
Do share:cheers:

What renderings where? I thought Central Park East was Freeport McMahon and the Westin. Is this something new?

Obadno Feb 3, 2017 5:34 PM

Quote:

Originally Posted by phoenixwillrise (Post 7698969)
What renderings where? I thought Central Park East was Freeport McMahon and the Westin. Is this something new?

Jjs5056 said there was I was hoping he could share.

ASUSunDevil Feb 3, 2017 6:39 PM

Uptown Plaza
 
I know that the outdated AJ's has been mentioned a few times on this board... So this is good news!

http://www.bizjournals.com/phoenix/n...ery-3-new.html

phoenixwillrise Feb 3, 2017 10:24 PM

QUICKEN LOANS
it's been too long I forget how you post a new topic but anyway. Quicken Loans is suppose to be looking for 150 thousand square feet of office in downtown Phoenix. Should be a nice shot in the arm for somebody leasing.

PHXFlyer11 Feb 3, 2017 10:51 PM

Quote:

Originally Posted by phoenixwillrise (Post 7700133)
QUICKEN LOANS
it's been too long I forget how you post a new topic but anyway. Quicken Loans is suppose to be looking for 150 thousand square feet of office in downtown Phoenix. Should be a nice shot in the arm for somebody leasing.

Why would this warrant a new thread? It's not as though they are building a new tower. Definitely great news though!

ASUSunDevil Feb 4, 2017 2:29 AM

Quote:

Originally Posted by PHXFlyer11 (Post 7700165)
Why would this warrant a new thread? It's not as though they are building a new tower. Definitely great news though!

http://www.bizjournals.com/phoenix/n...n-phoenix.html

nickw252 Feb 4, 2017 4:23 AM

The owner of Quicken Loans, Dan Gilbert, has bought a ton of old buildings in downtown Detroit and renovated them. He also consolidated all of Quicken's suburban Detroit offices into downtown Detroit.

This could potentially be great news.

Now for a little plug - Quicken is a great company to work with. I have all my residential properties finance through Quicken Loans. I highly recommend them.

ASU Diablo Feb 4, 2017 5:10 AM

Quote:

Originally Posted by nickw252 (Post 7700482)
The owner of Quicken Loans, Dan Gilbert, has bought a ton of old buildings in downtown Detroit and renovated them. He also consolidated all of Quicken's suburban Detroit offices into downtown Detroit.

This could potentially be great news.

Now for a little plug - Quicken is a great company to work with. I have all my residential properties finance through Quicken Loans. I highly recommend them.

I'm glad this happened. From an inside source, they were supposed to go to Marina Heights but they didn't have the required internet infrastructure or something like that. But great news for downtown Phoenix and huge loss for Tempe

phoenixwillrise Feb 4, 2017 9:07 PM

quicken
 
Quote:

Originally Posted by PHXFlyer11 (Post 7700165)
Why would this warrant a new thread? It's not as though they are building a new tower. Definitely great news though!

Not a new thread a new topic within this thread. Never mind just figured it out thanks for the "help".

biggus diggus Feb 4, 2017 10:10 PM

I assume everyone in this thread is aware by now ASU and the coyotes split ties, probably means the coyotes will go on Indian land but it seems possible again they could come downtown.

Obadno Feb 5, 2017 1:53 PM

Quote:

Originally Posted by biggus diggus (Post 7700949)
I assume everyone in this thread is aware by now ASU and the coyotes split ties, probably means the coyotes will go on Indian land but it seems possible again they could come downtown.

I know Stanton has been pushing for this. It didnt make sense to me to move them to Tempe. I hope they do a new joint stadium with the suns. But im worried this will result in them moving out of state

Jjs5056 Feb 6, 2017 7:55 PM

Hey guys,

I am so sorry for not posting the image in my last post! I was so excited to have found it that I posted it on my work laptop and had meant to edit the post once I got home.

See below for the renderings of Central Park East. If built, this will become the best modern downtown block in Phoenix (across from the best block in general). An office + hotel highrise with structured parking as architectural detail; a midrise hotel with no above-ground parking; and a high-rise residential tower with ground floor retail and podium parking (I believe that is what I am seeing in the photo).

This site plan should be printed and slapped down for every proposal that shows 1 tower gobbling up an entire downtown parcel, because this is the way to build a truly dense, active downtown. Workers from 9-5, right when residents get home, and hotel guests of a wide range of income.

Please note that the residential is now listed as 20 stories vs. the 17 discussed by the City Council. I'll take either one!

https://preview.ibb.co/eSpx8v/Central_Polk.jpg
photos upload website

exit2lef Feb 6, 2017 8:23 PM

Phoenix Indian School land
 
This story is framed in terms of the displacement of a community garden, but there's potentially a bigger issue here. Apparently, Barron Collier has returned its land at Central & Indian School to the U.S. Department of the Interior. Those who have been around a long time may recall that Barron acquired this land as part of a complicated three-way deal involving the Indian School land, the site of the current Collier Center downtown, and some everglades land in Florida. The plan was for Barron Collier to eventually develop this site when market conditions were right. If Barron Collier has walked away from the land, then I assume Interior will sell it to someone else. That might mean an opportunity for another developer to come in and propose a project at this key corner.

http://kjzz.org/content/431470/phoen...tment-interior

nickw252 Feb 6, 2017 8:25 PM

Quote:

Originally Posted by Jjs5056 (Post 7702619)
Hey guys,

I am so sorry for not posting the image in my last post! I was so excited to have found it that I posted it on my work laptop and had meant to edit the post once I got home.

That looks great. I love the curved corner on both the hotel and residential. I definitely agree that this is how city blocks should be built rather than one big tower sitting in the middle of a block.

Obadno Feb 6, 2017 9:50 PM

Quote:

Originally Posted by Jjs5056 (Post 7702619)

Oh wow looks awsome! There are so many goo projects waiting to get build when will some of them start to move???!?!

also, any possibility that the Central station tower will be revived in some fashion?

nickw252 Feb 6, 2017 10:20 PM

Quicken
 
I googled "Quicken Downtown Phoenix" and found this note on a real estate investor's webpage:

http://kenwoodmortgage.com/quicken-l...ntown-phoenix/

The site appears to be citing back to the Phoenix Business Journal, but it's possible that they have additional information.

gymratmanaz Feb 6, 2017 10:25 PM

ABOUT QUICKEN.... so what does 150,000 square feet look like in terms of office space? About how many floors is that comparable to?

ASUSunDevil Feb 6, 2017 10:37 PM

Quote:

Originally Posted by gymratmanaz (Post 7702855)
ABOUT QUICKEN.... so what does 150,000 square feet look like in terms of office space? About how many floors is that comparable to?

The State Farm buildings on Tempe Town Lake hold over 10 x that amount of office space. While I'm thrilled that Quicken is looking Downtown, it's really not a huge amount of absorption.

Obadno Feb 6, 2017 10:45 PM

Quote:

Originally Posted by gymratmanaz (Post 7702855)
ABOUT QUICKEN.... so what does 150,000 square feet look like in terms of office space? About how many floors is that comparable to?

A handful of floors in one of our downtown buildings. Depending on how big the floors are something like 4-7 Id guess

nickw252 Feb 7, 2017 4:22 AM

Quote:

Originally Posted by Obadno (Post 7702881)
A handful of floors in one of our downtown buildings. Depending on how big the floors are something like 4-7 Id guess

It depends on the size of the building. According to a Loop Net listing, the 111 W Monroe Building is about 13,000 square foot per floor, therefore it'd be more like 11-12 floors in that building.

Source: http://www.loopnet.com/Listing/19606...St-Phoenix-AZ/

However, it looks like the Chase Tower has floors that are between 14,000 and 18,000 square feet,meaning Quicken would take at least 8 floors in that building.

Source: http://www.loopnet.com/Listing/16228...ue-Phoenix-AZ/

Therefore, I could see a developer proposing a decent spec office tower so long as they can get an anchor tenant like Quicken to sign on for about 10 of the floors.

michael85225 Feb 7, 2017 7:03 AM

Central Park East looks amazing, it's a miracle that developers are thinking of cramming that many buildings in one city block in Phoenix for a change. The hotel looks pretty cool with that curved edge, it makes me wish that Freeport was built on the other side and the two new buildings were facing Van Buren to create a neat street view for people coming into downtown. Still, I hope this makes it through along with a Central station revival. I want to see all those cranes go up.

dtnphx Feb 7, 2017 3:16 PM

Quote:

Originally Posted by ASUSunDevil (Post 7702872)
The State Farm buildings on Tempe Town Lake hold over 10 x that amount of office space. While I'm thrilled that Quicken is looking Downtown, it's really not a huge amount of absorption.

150,000 SF of office space in submarket like downtown is HUGE! That's almost 1/3 of CityScape tower-for one tenant! Comparing a suburban built-to-suit campus like Marina Heights to existing office buildings downtown is not a good comparison. There are only three buildings downtown that can handle that much contiguous space at this point. Chase Tower is not one of them. It's between 1 North Central and Renaissance Square. One11 Monroe is just shy of 150,000 SF. That would drop vacancy rates 160-basis points to 10.5 percent. And, if that happens along with other smaller absorptions, that could be the catalyst for a developer to build.

Obadno Feb 7, 2017 4:57 PM

Quote:

Originally Posted by dtnphx (Post 7703616)
150,000 SF of office space in submarket like downtown is HUGE! That's almost 1/3 of CityScape tower-for one tenant! Comparing a suburban built-to-suit campus like Marina Heights to existing office buildings downtown is not a good comparison. There are only three buildings downtown that can handle that much contiguous space at this point. Chase Tower is not one of them. It's between 1 North Central and Renaissance Square. One11 Monroe is just shy of 150,000 SF. That would drop vacancy rates 160-basis points to 10.5 percent. And, if that happens along with other smaller absorptions, that could be the catalyst for a developer to build.

According to LoopNet there is nothing that big available downtown. Only the new project going on north of Hance Park, the whole building is 138k sqft.

Maybe they will build something with Quiken signed on.

ASU Diablo Feb 7, 2017 5:43 PM

Quote:

Originally Posted by Obadno (Post 7703758)
According to LoopNet there is nothing that big available downtown. Only the new project going on north of Hance Park, the whole building is 138k sqft.

Maybe they will build something with Quiken signed on.

Or RED takes notice and Block 23 becomes significantly taller to accommodate Quicken Loans.

biggus diggus Feb 7, 2017 5:47 PM

Quote:

Originally Posted by airomero83 (Post 7703832)
Or RED takes notice and Block 23 becomes significantly taller to accommodate Quicken Loans.

Or RED's new building ends up being built to suit Quicken as the only tenant?

dtnphx Feb 7, 2017 5:59 PM

Quote:

Originally Posted by Obadno (Post 7703758)
According to LoopNet there is nothing that big available downtown. Only the new project going on north of Hance Park, the whole building is 138k sqft.

Maybe they will build something with Quiken signed on.

LoopNet is like Zillow for owner/user buildings primarily. It's a customer portal that large corporations don't use to access listings. CoStar, which owns LoopNet is the one corporations use. There are two spaces downtown to accommodate Quicken right now. They're about to sign the lease, so....

Jjs5056 Feb 7, 2017 6:07 PM

Given the Council's obsession with converting the Warehouse District into a 9-5 business zone, could they possibly fit into the office project being proposed for the super cool storefronts along Central (at Jackson)? The former Brickchouse is also for lease, but with limited space obviously. It just seems lke all roads lead to 111 W Monroe, Luhrs, or the Warehouse District.

One cool option would be if they took the entire Personnel Building and assisted in a total restoration. :) That, or a true office tower (with hotel added) at Block 23 woud be my preference. Too bad they couldn't anchor a tower with the "Phoenix State College - Quicken Loans School of Real Estate" on the other floors.

Hopefully, like these others, the original Central Station will fail and a 2nd round will produce something more in line with what should be built on that site. Comaring CPE's parcel with CS shows how deficient the proposal was. A retail concourse on the 1st two levels (pharamacy, grocery, fast-casual food), bus depot on the 3rd and 4th floors, Greyhound on the 5th and 6th, and two midrises for City/County use and a hotel or affordable housing works for me.

somethingfast Feb 7, 2017 7:34 PM

Quote:

Originally Posted by Obadno (Post 7702881)
A handful of floors in one of our downtown buildings. Depending on how big the floors are something like 4-7 Id guess

I believe Chase Tower is 680,000 square feet so 150,000 sf would be almost 1/4 of that building. Not a trivial amount of space at all.

nickw252 Feb 7, 2017 8:03 PM

Quote:

Originally Posted by dtnphx (Post 7703855)
There are two spaces downtown to accommodate Quicken right now. They're about to sign the lease, so....

What are the two buildings with that much contiguous space? And are you saying that Quicken is about to sign a lease?

Jjs5056 Feb 7, 2017 8:33 PM

Quote:

Originally Posted by nickw252 (Post 7704076)
What are the two buildings with that much contiguous space? And are you saying that Quicken is about to sign a lease?

Dtnphx already mentioned the two: Renaissance Square and One North Central. The latter is under new management, so that'd be my uninformed guess.

nickw252 Feb 7, 2017 8:35 PM

Quote:

Originally Posted by Jjs5056 (Post 7704140)
Dtnphx already mentioned the two: Renaissance Square and One North Central. The latter is under new management, so that'd be my uninformed guess.

Got it, thanks for the clarification. That makes sense.

LocoPhoenician Feb 7, 2017 9:46 PM

The Park looks to be just about finished I wonder when the official opening is?

dtnphx Feb 7, 2017 9:49 PM

And guys, this is great news, too. The less big blocks of space, the more the need to build will become over the next year or so. A lot of companies, especially with younger workers, really, really want to be where amenities are. But, big companies have been limited by availability, so they build elsewhere. The fact that so many tech companies are moving here, I think it will bode well for a future office tower of some size. The Block 123 three story Techie building will probably get immediate tenants so it will not affect the need for more space. Fingers crossed.

vwwolfe Feb 8, 2017 1:49 AM

Quote:

Originally Posted by LocoPhoenician (Post 7704242)
The Park looks to be just about finished I wonder when the official opening is?

They're Facebook page states they are opening this week but does not provide a date.

gymratmanaz Feb 8, 2017 2:32 AM

Their

biggus diggus Feb 8, 2017 3:43 AM

Quote:

Originally Posted by gymratmanaz (Post 7704638)
Their

Bugged me too but he probably got auto-corrected.

biggus diggus Feb 8, 2017 5:54 PM

So the new building at the NEC of Roosevelt and 3rd is starting to get some little crowns on the roofline, this reminded me a lot of Broadstone Arts District (which is an absolute disappointment architecturally), Broadstone Camelback (which is not quite as bad) and Level on 16th (which is also not interactive with its surroundings) and I did some digging around. Turns out that yes, as I suspected, ORB Architecture is responsible for all of those buildings as well as Broadstone Roosevelt Row.

I do not feel good about this building.

exit2lef Feb 8, 2017 6:06 PM

Quote:

Originally Posted by biggus diggus (Post 7705447)
So the new building at the NWC of Roosevelt and 3rd is starting to get some little crowns on the roofline, this reminded me a lot of Broadstone Arts District (which is an absolute disappointment architecturally), Broadstone Camelback (which is not quite as bad) and Level on 16th (which is also not interactive with its surroundings) and I did some digging around. Turns out that yes, as I suspected, ORB Architecture is responsible for all of those buildings as well as Broadstone Roosevelt Row.

I do not feel good about this building.

Do you mean Illuminate, which is already done? I really like how that building has turned out. It even has a nicely shaded bike rack, which I find convenient when visiting the Dressing Room or Be Coffee. Or are you talking about a different corner than the northwest?


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