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The one at Broadway & Kolb in Tucson is the exception. It's about 7 miles from the nearest freeway. Of course Tucson doesn't have the amount of freeways that Phoenix does. |
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/\True. Has anyone seen that new Carl's Jr. commercial for the BBQ burger they have? It's huge with onion straws and gunk dripping off of it... and if you buy the large fries and drink combo, you get a chocolate chip cookie ice cream sandwich with it! It's gotta be 5,000 calories.
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Which is about my daily calorie intake, but it sure as sit isn't *that* type of food.
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http://azbex.com/smithfield-opens-az...ct-in-phoenix/ |
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Hey Guys
come to the site often although i don't post regularly. We are in the Hotel business and came across this today. 50 year tax relief....wow. Pretty awesome. :: ADJACENT TO THE SPORTS ARENA, BALLPARK AND CONVENTION CENTER NW CORNER OF 3RD & JEFFERSON STREET PHOENIX, ARIZONA 85004 For more information please contact: Jerry Hawkins T 602.735.1734 Jerry.Hawkins@cbre.com Kimbra Armstrong T 602.735.1734 Kimi.Armstrong@cbre.com Bob Kaplan T 949.725.8580 Bob.Kaplan@cbre.com Lic. 00776019 Rod Apodaca T 949.725.8540 Rod.Apodaca@cbre.com Lic. 01254293 Robert Taylor T 305.381.6447 Robert.Taylor@cbre.com CBRE Hotels has been retained as the exclusive advisor with respect to the sale, lease or joint venture of an A++ hotel development site located at the northwest corner of 3rd & Jefferson Streets in downtown Phoenix, Arizona. The site is entitled for up to 700 hotel rooms to be built on a platform over an existing subterranean parking structure. The hotel is also entitled to significant, in-place 50 year property tax abatement. CBRE Hotels in conjunction with the property ownership, Barron Collier Companies, is seeking proposals for the development of a hotel on the site. Highlights of the offering include: Prime downtown location adjacent to the sports arena, ballpark and convention center Entitled for 700 rooms Purchase, lease or joint venture In place leasehold establishes significant 50 year property tax abatement Parking and infrastructure built and in place $0 lease payments $10.00 option to purchase leasehold anytime during 50 year term The parcel is located within the existing Collier Center at the northwest corner of 3rd and Jefferson Streets in downtown Phoenix, Arizona. Collier Center opened in 2000 and consists of a 512,000 square foot office tower; 80,000 square feet of retail and restaurant space and 1,500 underground parking spaces. It is anchored by the western regional office of Bank of America and includes a number of other financial, legal and consulting tenants as well. For more information please review the Confidentiality Agreement or visit our website https://www.cbremarketplace.com/bcphoenix/ |
Hopefully they can get someone to partner up and make this happen, would be a nice addition, even if the proposed design isn't anything great.
https://www.cbremarketplace.com/list...%20Graphic.jpg https://www.cbremarketplace.com/list...20Overview.jpg https://www.cbremarketplace.com/list...s/Exterier.jpg https://www.cbremarketplace.com/list...ges/Atrium.jpg |
Finally, the notoriously slooooooowwww Barron Collier's Co. gives it a a go. Better late than never...
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wait.
wut? how likely is this to happen? |
Well, it looks like they are putting it out there "for sale", now someone has to "buy" it. It's like putting something for sale on Craigslist, how likely is that to sell? ;)
The 50 year property tax abatement is a nice perk, as is the fact that parking is already built. Hopefully someone jumps on it. |
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I love this new hotel proposal. I work on the outskirts of downtown and walk down Jefferson or Washington every day on my way to lunch. It is such an ugly, dull walk along Jefferson until you get to 2nd or 1st street but this would help at least with some extra shade. I didn't even know that there were ever any intentions of putting another tower in this space. Any details about number of stories or proposed height?
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^This seems to basically be the following: Collier got tired of whoever they've recently had marketing that pad and hired CBRE. CBRE got excited (and maybe even hired an architect) and had some renderings drawn up (even using Shanghai in the bar rendering). CBRE will attempt to market the pad to whomever they can find (using the tax abatement as a lure) and hopefully get the deal done.
I could be wrong about this, but that's what it sounds like. |
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