I don't hate parking, I understand that people need it and it should be provided. I don't think you'll ever see me being unrealistic about those kinds of needs.

Both buildings at 3rd and Fillmore have a significant amount of construction going on and the one on the north side has a new wrap around the fence. Ten years ago it seemed like 75% of proposals never amounted to a thing. Pretty cool.

That area is astonishing, isn't it? Aspire, O'Neill, ASU residential and the Fillmore just a block down the road all going at the same time. It's like watching a brand new city going up.

Also the Alta Fillmore complex and whatever it's named with the NAC housing and everything. I count 1810 units in the West Fillmore neighborhood alone that are new or on their way, excluding the 400 bed dorm.

Rendering for Fore's Second at Fillmore: this is a beast of a building

https://www.edi-international.com/second-at-fillmore

https://goo.gl/maps/ZsHxf8vdaqBNC6Rv6 for a view of the gap from the freeway with some new projects like Link done.

I can't believe how huge the hospital tower is. It has almost as much square feet as Chase Tower and it was rarely covered on this forum.

https://i.ibb.co/84bYmZT/Screenshot-...-Instagram.jpg

https://i.ibb.co/gZw5bqr/Screenshot-...-Instagram.jpg

https://i.ibb.co/P5GM0G2/Screenshot-...-Instagram.jpg

https://i.ibb.co/3BQ0kbk/Screenshot-...-Instagram.jpg

Took a co-worker who lives in San Francisco to Monroe's Hot Chicken for lunch last week. He's never been to PHX before - his comment as we were driving around was 'I had no idea downtown Phoenix was so dense'. Was nice to hear that.

Can't wait for more of these projects to be wrapped up. May not be contributing a lot to the overall height for the skyline - but are having a difference in density for sure.

That last picture looks amazing! But looking at the Hyatt on the 3rd pic wish the could just tear that down plus the 2 blocks north of it. Imagine if those could get all filled up with Towers instead of a super garge covering one whole block some random 2 story building that takes up another and the Hyatt. Probably the 3 most wasted blocks in the core.

Who actually uses that garage? I thought Chase relocated a few hundred employees from the Tower to their regional office in Tempe. If so, is the garage used by any offices nearby or is it largely just public parking?

Couldn't agree more! The parking garage is definitely an eyesore even up close in person. You can easily fit two to three towers in that block alone with some mix-used development. Also, why doesn't the city of Phoenix build something on the SW corner of Monroe and First? There's certainly potential in that area for density improvement. One thing at a time though right?

Wrapped fencing is up south of Mcdowell and west of 40th St. I know a while back it was to become an industrial park. Is that still the plan? Something new is happening.

I thought it had been planned to be a Data Center but it never moved so I figured it was dead.

Good to hear that it is moving, such a weird piece of vacant land given its location.

Just passed by the collection of auto repair and sales businesses that mar the intersection of 12th St and Van Buren but low and behold...all the cars are gone. Also looks like demolition has begun on some of the structures. Last I heard, this is going to be 4-5 story affordable housing development.

First McKinley land sells in Downtown Phoenix for $7M
 

The site where the old McKinley Club sits and future site of the proposed high-rise

https://azbigmedia.com/real-estate/b...hoenix-for-7m/

Cool, hopefully this development comes through I think it would bring another grocer downtown as well

Apparently, Stewart has mad issues and also having problems renting out the units to the point that 2 floors have been converted to Airbnb units. I am also surprised to read it's its so easy to walk into the building without having to enter a code or use a key. Link has a code box installed and most places downtown have some kind of security or another.

I hope Aspire doesn't have these same problems or Aspirant/Empire is going to run into reputation issues down the road for providing shoddy buildings.

https://www.phoenixnewtimes.com/news...blems-11429237

I think it's a bit sensationalized and not indicative of the overall market. Sounds like a management issue. How do you not have locked doors and a call box though? That blows my mind!

There is a crowd that goes around believing nobody can afford to live in these "luxury high-rises" and that they're all empty and rented out for Air BnB. Publications like New Times exist to fan the flames on such things.

The reality is, if people are complaining about high-rents they should take a lesson in supply and demand, and instead root for as many new buildings a possible so supply will exceed demand and rents will fall.

Rents keep going up in town which means people are moving in.

When rents stabilize or lower then you will see the pace of construction slow.

Its actually good if they are having trouble filling these apartments, the cost of rent downtown is too expensive in my opinion. Prices may have to come down.

Also that article reads like a complainers dream. Sounds mismanaged but it also sounds like some hoity-toity tenants that want to complain

New Times writers constantly write a lot of articles based on heresy. Everything they say should be taken with a grain of salt. That said it seems like it would be very easy to fact check occupancy numbers.

I would not be pleased if I spent $2,500 a month for a two bedroom crackerbox and undesirable people were just walking into my building. The level of expectation should be higher than that. If anything it sounds like there will be some litigation between the developer and contractors, much like what we dealt with at Landmark with the construction defects from converting to condos.

I read a lot of the reviews on Stewart after I posted the article. Most of the reviews are fairly positive, but there are some that pretty much point out the problems that the article addresses...specifically on Yelp. As for the occupancy, I researched that a few months ago and was fairly certain it had a fairly high occupancy with only a little over a dozen units available. Of course, if 2 floors are reserved for Airnbn units, that could skew the numbers quite a bit.

But I do feel like there was a little bit of bias in the article considering it brings up a lot of the flack that the developers got for demolishing most of the building. I feel the author was probably part of that crowd. I don't follow New Times much, but wanted to post the article as a different perspective. I would still live there ;)

I made an argument to you all quite some time ago that the occupancy numbers are false for a lot of these buildings because they've taken many units out of inventory to use as short term rentals.

That's now appearing to be a supported argument.

Add in the fact that they're having trouble renting units (if that's true) and we're getting pretty close to a market adjustment.

Interesting side note: The most expensive apartment building I have in my portfolio is getting me about $1,100 for two bedrooms. It's in Garfield. I haven't had a turnover in that building of 4 units in over 3 years. If anything I love the high rent prices. A guy like me who has a building without all the superfluous amenities can offer a reasonable price and none of my tenants can afford to move because everything else downtown is double the price!