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that plan looks great (even if MORE boxes) but i'd have to say the risk of funding being pulled is extremely high right now. banks are reigning in lending on spec projects to shore up cash positions given the crisis. does anyone here know what the financial situation is with this proposal? if virus disappears in 8 weeks i think everything can swing back to normal but if not, i'd say a great many projects that don't have concrete above ground will go on hold unfortunately
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OKay everyone the new crane report:
https://azbigmedia.com/real-estate/c...ty-in-phoenix/ "Phoenix tripled its count" NO hard numbers, no idea when this was done. I say the crane report is trash and we should never concern ourselves with it again. |
"Crane Index reports increased activity in Phoenix"
Riveting. |
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https://www.reddit.com/r/phoenix/com...tm_name=iossmf |
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Yeah! That looks great! I was disappointed, when I went on my walk, it wasn't nearly as done as I thought it was. But it looks like it's been slowly making progress throughout this week. Thanks for the find! |
Battery crane is up
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Not to burst anyone's bubble...and not assuming that it would kill the Convention Center project per se...but this weekend the BizJournal discussed that the City was already going to propose massive layoffs and a cut in services. When there is a lack in commerce- there are no sales taxes. No taxes, less services. I am sure the City will start going into survival mode soon and killing any projects that are not deemed necessary or postponing them at best.
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Looks like some developers are still submitting projects. Two proposed 6 floor office buildings with a 7 story garage at Kierland were submitted to Phoenix.
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Has anyone ever seen this rendering for a tower adjacent to Hotel Monroe? I know that once upon a time, there was a tower proposed for there and it fell through. However, I saw a big yellow banner behind Monroe about 6 months ago indicating the property was available for a mixed use development and that banner is no longer there. So, just wondering if this is something new or if it was an old proposal?
https://allenphilp.com/portfolio-pos...oenix-arizona/ |
Sorry for the multiple posts. Trying to give everyone something to read besides the coronavirus posts.
Not sure if renderings have been posted about the hotel going up in the parking lot behind Orpheum Lofts. But here's what were getting. https://www.mortenson.com/phoenix/pr...wntown-phoenix |
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Mortenson is well funded and proven but if they need to borrow it might be hard to get this off the ground. A lot of banks have frozen loans, if they're using private financing it might work.
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https://skyscraperpage.com/forum/sho...d.php?t=137602 |
Took a walk around during lunch. Thought I would post a couple updates.
Derby is quickly coming out of the ground and rebar support is already dwarfing Angels. Crane should be up this weekend according to the ground crew. X is up to the 11th floor and starting to make a dent in the skyline. Hines is blazing right now and they are up to the 5th floor. They also apparently raised the crane about 3 sections over the weekend. It looks like it's about 175' or so now. Not sure why it didn't go up higher. As Obadno stated earlier, the Battery crane is up. The Filmore is starting to peak above ground as well as Aspire. ASU has re-started construction again after the accident a couple weeks ago. AC looks close to topping out. Also noticed the former Milkbar is reopened and now called The Jackalope Gastropub. Bad timing for them to open. Hope they can weather the storm. |
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