Quote:
Originally Posted by Mr.RE
Also, one thing to keep in mind when it pertains to development timelines and the process, the city of Phoenix is slammed in their permits department. Plan review is looking at 9-11 business WEEKS before applicants receive first comments then 4-6+ weeks after that. A lot of projects mentioned are in the pipeline to receive building permits. Patience is key
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Correct. I think Phoenix only has a couple of people reviewing permits and they are way behind. None of the developments that have been announced are cancelled or on hold. With that said, there hasn't been any delay in Link phase 2 and construction is still to come for that. Hines has had several permits granted over the past couple of weeks and we have had confirmation from someone on here that demo is planned soon for part of the underground garage of the Collier's pad to start the new tower construction. We've had a number of projects that have started over the past few weeks...X, Novel, Creighton, AC is now getting ready to move, Aspire is nearly ready to go, we've got dirt moving for the Fillmore and heck...even the Battery has finally broken ground. Also 3 new announced multifamily developments in the Eastlake area just a few days ago. There are no signs of a slowdown in development right now.