So not only is the law office this poster talked about getting torn down, but also Chicago developer money is the one doing it?

Any other precognitive development ideas you want to share?

I think this is the same developers that bought the lot/lots on the NE corner of 1st street and Portland.

Found it.

https://www.bizjournals.com/phoenix/...-land-buy.html

Grrrr...can't access the site. Any chance you can copy and paste or summarize? What are they planning ... condos? height, Floors?

For the link I posted, they are looking at Phoenix for urban infill, high density development. They mention this site allows for 250’, potentially 25 stories 500 units, but no plans have been submitted and no idea on apartment or condos. So, everything is just talk so far.

I had no idea that big lot sold! Sencorp had been holding on to that for too long. I wish they didn't biff enHance Park so much, would have been nice to see successful international investment.

I see Sencorp still owns the Los Olivos lot however.

No details on what they're planning just that they will seek a development partner to build apts or condos.

Drove by Los Olivos the other day and what a mess. They just need to cut their losses here as well and sell to this same Chicago group!

here is the summary


It's expected that JRG Capital will seek a development partner to build apartments or condos on the site.

More than six years ago, on Dec. 4, 2014, Arizona Moreland Developments LLC paid $3.53 million for that parcel, according to Vizzda.

That group — led by Las Condes, Chile-based Sencorp — originally had plans to build 49-unit condominium project on that parcel, which would have been Sencorp's first project in the U.S.

"We're looking for projects that ultimately you can build a high-density development," Grossman said. "Our strategy is to pick up parcels that are in the path of progress."

This parcel is zoned for a maximum height of 250 feet, which could be 25 stories with more than 550 units, she said.

She said it's too soon to say exactly what JRG will build on the vacant parcel, whether it's a rental apartment tower or for-sale condo units.

Thanks so much. Good possibilities, but we will wait to see if anything actually happens.

With this forum all excited about Astra and Central Station breaking ground also the start of Palm Tower, does anybody heard anything about Edith?

Someone had mentioned that supposedly it was a still a go but I think this one is dead. Probably a similar fate as their proposal for the Hyatt Garage RFP. Maybe IndyAZ can ask his sources ;)

Im curious when The Blue is going to break ground in the Warehouse District. That and Jefferson Place (if that ever happens) would transform that area around block 23.

This article states The Blue was scheduled to break ground sometime this quarter.

https://www.azcentral.com/story/news...er/4551185001/

Unfortunately, I don't know anyone involved in that one. I was wondering if it was dead as well.

I read somewhere that the lead time for materials for a high-rise has increased to 40 weeks. So basically add six to ten months onto whatever original estimate presuming they've got their financing sorted out to account for the increased cost. I don't think anything's dead dead but certainly some of them, especially those garbage RFP products from barely-committed developers like Edith are on life support.

Funny, I was just actually checking on this today.

The Blue is currently going through zoning hearings for height zoning adjustment to 250'. I am still not exactly sure why they are doing this again, but I suspect it's due to the preservation overlay due to be removed Feb. 4th.

The Village Planning Committee recommended approval with the zoning adjustment going to the Airport Commission on Feb. 3rd and then to City Council for ordinance adoption on March 2nd. So, I don't think anything can really move until this clears all these.

The zoning hearing application is Z-TA-2-21-7 for those that want to follow.

PBJ is slacking and they must've forgotten to browse through our threads for new updates to write an article about ;)

Some new interesting tidbits though in their reporting. Unfortunate that the plan is to wait 3-5 years.

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

Felt like we've heard this before...can't quite place it *Cough*Rastegar*cough*

It takes a year of preconstruction/design in the best of circumstances (never mind 40-week lead-times for materials like today) and two years to do actual construction, so an estimate of 3 years to finish at a minimum is as realistic as they come. The smart money is on these guys to follow through imho.

While height might be a hard limit the densities to get there have to be spot-zoned through text amendments and that takes a lot of time. Urban Form continues to be a massive impediment for the highest and best uses of downtown development.