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Old Posted Jan 27, 2022, 8:56 PM
BA744PHX BA744PHX is offline
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Join Date: Feb 2005
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Quote:
Originally Posted by gymratmanaz View Post
Grrrr...can't access the site. Any chance you can copy and paste or summarize? What are they planning ... condos? height, Floors?
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.
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