It's a conversion of the existing tower into a high end hotel with some residential units. No significant new structures, just a major interior renovation.

Nice. More residential and sidewalk traffic beats empty offices. Thanks!

which office tower

Anyone make the DVC meeting? They stopped the hybrid format recently so going to be hard to pull any info unless in person

Ditto

It’s in the link / PAPP fellas.

It’s the Phoenix Financial Center building (3443 N Central Ave)

Wait …. So the Phoenix financial center is being converted into residential?!!?

That’s potentially cool as hell

^ From what I remember they're building an apartment block on the rear parking lot. The tower itself leads itself to hotel. I don't remember there being a third phase to complete the horseshoe but that's obviously needed to finish the overall development.

Yep! I wasn't able to get a lot of pics, and did not get a pic of the site plan so I recreated it as much as I can.


Aerial from SWC 1st Ave & Jackson, facing NE
https://i.imgur.com/WhnZ98V.jpg

Street from NWC 1st Ave & Madison, just before the underpass, facing SE. This is technically the back of the tower and you can see the amenity area on the podium deck. Corner of lot (the immediate corner in the image) is not part of development.
https://i.imgur.com/CsCtDWI.jpg

Street from SWC 1st Ave & Jackson, facing NE
https://i.imgur.com/DEudCqs.jpg

Recreated site map from memory:
https://i.imgur.com/sLhg3GZ.png

This was more of a meet & greet, they are going to apply for a GPLET. The public good is the historic preservation of the 1 W Madison building. It was going to be used by the county as a school but the county ended up going a different direction so right now, they're thinking it's retail with the final form being TBD.

The tower will also have some retail, which will all be facing Central. They really want to activate Central from the sound of it. Primary car ingress/egress is off Jackson, and back of house will still have access to the alley off the back (from Madison, they're also proposing to cut off the alley from Central)

They wish to open 1 W Madison by end of 2024. And the tower by end of 2025. They'll be back again when they apply for the GPLET.

Other updates from the meeting:
- sounds like one of the major stakeholders with Milum development is no longer involved so some problems there
- development off 4th ave, which is moving fast, is applying for a full 100% lot coverage with no space for the Taylor paseo plans. They are also on the RAA agenda this week

[QUOTE=halicem;10060014]Yep! I wasn't able to get a lot of pics, and did not get a pic of the site plan so I recreated it as much as I can.

Aerial from SWC 1st Ave & Jackson, facing NE
https://i.imgur.com/WhnZ98V.jpg

This would be awesome. 14 stories. More residential. More retail. Let's start that expansion southward! I look forward to the day when the Warehouse District isn't so scary and abandoned.

And this will be kiddy corner to the Fairmont Phoenix Hotel and Residences, formerly known as The Blue. That strip of Jackson Street could potentially become quite neat.

You the real MVP! Thanks for making the meeting and grabbing pics for the rest of us.

I love the activation of Central and the developer leaning into it. That NE view is going to look awesome and that whole stretch once light rail wraps up and trains are operational. No updates around the other building that used to house Sing High?

• Regarding your other updates around other projects, bummer about Milum development. Hopefully that one moves forward.
• The 4th Ave project? Did they mention what that was at all? I'm not sure I'm familiar with it. I'm familiar w/ the tower project on the other side (3rd Ave - old law firm building) from the Chicago developer but hadn't heard 4th Ave lot had something being proposed. Would be a big bummer if the Taylor Paseo was killed between 3rd and 4th Ave.

This is all great - thank you for posting all of this info.

I hope the Diamondbacks keep winning for the next couple of years at least with this young roster they have. It's awesome they're in the NLCS starting tonight, but added excitement and fans and interest down there would likely help these projects get going.

Did they say they were preserving the facade or any component of the warehouse on the NEC of 1st Ave and Madison in that presentation? It sort of looks like it from the rendering but I can't tell.

Nope! Owned by someone else and they're not working with them to do something. Only that the Sing High lot has to maintain access to the alley, which falls on their easement, for the back of house stuff for the development. They don't see any issues with it since if/when Sing High does something (like build their own hi-rise), they'll probably also use the alley. It's hard to see with the renderings but that side has the uncladded garage floors, the Central, Jackson & 1st Ave sides will be cladded since they expect Sing High will also redevelop at some point.

Yep, it's this one: ZA-375-23 I was too busy looking up where it was I didn't pay enough attention lol. I think it was mentioned the developers were based out of California, and DVC expected RAA will oppose the development on grounds of well, it's another building lol. DVC will oppose on grounds of the plans don't leave room for the paseo. It's a 7-story development with 5 floors residential.

Yep, they're preserving everything and bringing it up to code (it's the basis for their GPLET application). They are relocating the elevator to the basement, which is currently right on the curb, to be in the center at the back. Moving the elevator core to the back lets them have access to the rooftop too without it being visible from the street. They plan on having a small retail space on the roof too (in the previous plan for the school, it was meant to be an outdoor space for the kids), it just wouldn't go all the way to the curb to maintain the facade.

I'm not sure how they're "preserving everything" when it looks like a facade job ... not that this warehouse is particularly unique or worth saving but I'm sure it has bones.

The RAA is right to oppose that 4th Avenue building if it's nixing the paseo. There's literally no reason they can't just cantilever over it and get the height and density they want otherwise.

Edit: it's a 7 story development. *rolleyes*. They just need to sell it to a real developer who will build height and density there, all other annoying density limits be damned.

Ah got it. I confused myself thinking that Hansji Corporation owned the entire block, when they only own the old Sing High building (Stag Hotel/Patio Hotel) and the parking lot to the West. Like the article I linked before mentions, Hansji is also thinking about redeveloping that property so this whole block will be pretty dense if both developer plans come to fruition.

Re: the 4th Ave project, looks like the zoning hearing is this Thursday so curious to see whether it gets approved or City makes the developer go back to the drawing board and incorporate Taylor Paseo into the design.

I'm not sure if that's totally correct? I reviewed permits and the project # listed for the tower renovation (MF & Hotel) is completely different from the 6-story apartment project being built on the parking lot. This project is called "Modera Midtown at PunchCard".

I may be wrong...

I don't think the developer can park the thing in two floors with the paseo. Hopefully they do shoot it down and we get a better project out of this.

The same owner owns everything, so I have too much difficulty believing they're not related. A hotel there in the existing Punchcard building with a decent size bar or club in the rotundas would be awesome... a hell of a lot better than a closed off exercise center and leasing office that sometimes ends up in adaptive reuse.

Maybe they're doing the long-planned twin to the tower to provide for both uses, or a larger hotel. Now that would be really cool.

Phoenix Crane Count
 

BizJ update on current crane counts...

Source: https://www.bizjournals.com/phoenix/...x-q3-2023.html