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  #19561  
Old Posted Jan 7, 2022, 9:36 PM
biggus diggus biggus diggus is offline
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Originally Posted by combusean View Post
Everyone listed above in the deleted posts should be ashamed of themselves. It's insane to me how this thread could unravel so fast. I REALLY thought you all knew better by now than to engage in such an incredibly stupid series of posts.

Some of you are now on watch.
It's literally going to be a chick fil a, not sure why you felt the need to delete that post. And then called it stupid and put me on "watch". You seem like you get off by showing people that you're the boss.
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  #19562  
Old Posted Jan 7, 2022, 9:40 PM
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I can confirm that this is going to be a Chick-Fil-A just south of the Starbucks.
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  #19563  
Old Posted Jan 7, 2022, 9:43 PM
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I'm surprised Empire hasn't updated their website yet to include Astra. Seems like it's taking forever.
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  #19564  
Old Posted Jan 7, 2022, 10:06 PM
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Originally Posted by downtownphxguy12 View Post
I always thought it could have been a great bldg for a trader joes. with its parking and size.

gracies tax bar to the south of this lots is a hidden gem if you've never been. $3 tots and $6 cheese curds!! and i think happy hour well drinks are $3

(looks like i missed all the excitement on the deleted posts!)
Hadn't been to Gracie's in a while but went some time last month. The hot dog cart right in front in the evenings were pretty good LOL just realized they were parked in front of the demo'ed warehouse. Hopefully they still have a place to sell out of.

So now that it's been confirmed that it will be a Chick-fil-A...can we discuss that or nah? Not sure what's off-limits anymore...
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  #19565  
Old Posted Jan 7, 2022, 10:19 PM
biggus diggus biggus diggus is offline
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Originally Posted by ASU Diablo View Post
So now that it's been confirmed that it will be a Chick-fil-A...can we discuss that or nah? Not sure what's off-limits anymore...
Confirmed *again*.
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  #19566  
Old Posted Jan 7, 2022, 10:27 PM
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Lol, the discussion of constructing a Chic-Fil-A is fine guys. Just keep the politics out please.
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  #19567  
Old Posted Jan 7, 2022, 10:28 PM
biggus diggus biggus diggus is offline
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I never saw any politics talk. How about the rest of you, did you see any?
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  #19568  
Old Posted Jan 7, 2022, 10:33 PM
azliam azliam is offline
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Originally Posted by biggus diggus View Post
I never saw any politics talk. How about the rest of you, did you see any?
No, just differences of opinions. It's all good.
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  #19569  
Old Posted Jan 18, 2022, 6:59 PM
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FilmBar has closed permanently...

https://www.phoenixnewtimes.com/arts...-good-12847674
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  #19570  
Old Posted Jan 18, 2022, 8:01 PM
Obadno Obadno is offline
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Thats unfortunate. Another old timer closed from Covid
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  #19571  
Old Posted Jan 18, 2022, 9:20 PM
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Quite a few permits and plan reviews have been submitted since the end of December for First McKinley. Would be awesome to see this start soon along with Union Phase 2 (which currently is demo'ing the parking structure onsite).

Edit: Also, an alley abandonment was submitted for the tower proposal at 601 N. Central Ave last week.
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  #19572  
Old Posted Jan 18, 2022, 9:29 PM
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Originally Posted by CrestedSaguaro View Post
Quite a few permits and plan reviews have been submitted since the end of December for First McKinley. Would be awesome to see this start soon along with Union Phase 2 (which currently is demo'ing the parking structure onsite).

Edit: Also, an alley abandonment was submitted for the tower proposal at 601 N. Central Ave last week.
Did we ever see a rendering for 601 N. Central?

Having Union Phase 2 and First McKinley built would be increasingly awesome for that area. There would be hardly any empty lots left north of Fillmore west of 1st Ave, sans just north of the Circle K.
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  #19573  
Old Posted Jan 18, 2022, 9:39 PM
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Originally Posted by PHX31 View Post
Did we ever see a rendering for 601 N. Central?

Having Union Phase 2 and First McKinley built would be increasingly awesome for that area. There would be hardly any empty lots left north of Fillmore west of 1st Ave, sans just north of the Circle K.
Not yet. Just a site mark-up that I posted a few pages back somewhere. I'll be keeping an eye on this one.
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  #19574  
Old Posted Jan 19, 2022, 8:27 PM
Obadno Obadno is offline
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An article that explains some of the development delays. Mainly inflation, labor issues and material shortages: https://azbex.com/market-constraints...s-in-projects/

If there has been delay's with Astra and other proposals its due to this.

Quote:
Approximately 250 construction industry professionals, including 150 in-person attendees, made their way to the BEX Companies 2022 Forecast Event last Friday.

In the only event of its kind to compile market data from a proprietary statewide project database and check it against Arizona state sales tax numbers, attendees got a wide-ranging view of every major development sector beyond the single-family, owner-occupied space.

BEX Companies Founder and President Rebekah Morris welcomed attendees and offered up a quick introduction, highlighting the fact that Arizona’s economy, as measured by taxable sales, grew 19.79% Year-over-Year as of December 2020, fueled by significant population and employment growth, companies locating to the state and a massive swell in capital investment.

She was quick to point out, however, this spectacular rate of growth has thrown some significant hurdles into the workings of the construction industry, including materials shortages and ongoing supply chain/logistics issues, rapid across-the-board price increases, ongoing labor shortages, and process difficulties at the municipal level – including delays in plan reviews, permit issuance and the increasing scourge of NIMBY-ism as more and more projects encounter resistance from neighboring residents.

Those hurdles are more than just day-to-day inconveniences. Construction has traditionally significantly outpaced the broader overall economy, making up more than 15% during the boom cycle of 2004-2008 and remaining at more than 10% even as the overall economy contracted in the Great Recession. For 2018-2020, construction remained at 10% or higher while the overall economy’s rate of growth hovered around 10%-12%. In 2021, construction remained at around 10%. However, the overall economy surged to a rate of growth of almost 20%. The economy boomed while construction’s contribution remained flat.

Morris’ take: “We’ve done a really good job at diversifying our economy. That’s really good in the grand scheme of things. We’re not as reliant on construction to grow our overall economy.”

In the pre-recession peak Arizona construction activity hit $21.67B. After dropping to an average of -30% during the recession and seeing a see-saw recovery afterward, activity from 2017-2020 saw a rate of change of more than 10% each year. Current activity stands at approximately $17.9B. Unfortunately, the difference between 2020 and 2021 was negligible, with an increase of only 1.09%.

At the 2021 Forecast event, based on project data and economic growth, BEX staff predicted market activity for the year to hit $20.5B, of 16.1% Year-over-Year growth. As shown above, the actual number turned out to be $17.9B, or 1.09%.

“We projected a massive increase,” Morris told the audience. “We run the database. We have project level data to support saying, ‘Hey! The market wants to build these projects.’ We have that. We talk to developers and owners all the time. We know the demand is out there. The market did not deliver. So, what the heck happened?

“Our conclusion: We have demand. We can demonstrate demand. We’ve got demand for housing. We’ve got demand for industrial, for hospitality, even. The volume stayed flat, and prices were increasing rapidly. We couldn’t do it. The output could not keep up with what the market wanted. There’s plenty of demand there. We could have done twenty-two billion dollars. That’s the project-level data we have for 2021. We thought it should have come in at 22. It came in at 17.9. Kind of a swing and a miss. That’s significantly different. Demand does not go away, so projects that should have happened in 2021 are going to carry over to 2022. All those constraints… everything is going to kick the can… just push it out a little bit. The market can’t handle all the volume for all the projects that really want to happen.”

Market Constraints

Key factors holding back the ability to deliver are the combination of rising materials prices – along with inflation in general – and the ongoing supply chain/logistics/materials availability issues that have plagued the industry since the beginning of the pandemic.

In setting the tone of the market, Morris pointed out a key contributor to Arizona’s ongoing construction labor shortage. In the overall economy, total jobs have increased 13.58% above the pre-Recession peak in 2007. The same rebound has not been seen in construction.

In 2006, at the height of the pre-Recession boom, Arizona’s total construction employment was 240,300. In the depth of the downturn, that fell to 110,800. Disconcertingly, even with the billions of dollars in projects and 10s of 1,000s of additional workers needed, construction employment has only come back up to 175,100, remaining at 27.13% below the pre-Recession peak. Compounding the problem, even with the swell in the overall economy between 2020 and 2021, the growth in construction employment was barely detectable.
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  #19575  
Old Posted Jan 20, 2022, 5:11 PM
Obadno Obadno is offline
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Pictures of Adeline:

https://www.bizjournals.com/phoenix/...r-adeline.html

Quote:
Adeline, the new $125 million apartment tower in downtown Phoenix that boasts 379 luxury units, is now open and has welcomed its first residents.

Located across the street from Footprint Center, the 25-story tower at 222 E. Jefferson St. offers panoramic views of the skyline with a backdrop of the mountains surrounding the Valley. Adeline was developed and built by Houston-based Hines. SmithGroup was the architect.

Rental prices at Adeline start at $1,878 for a studio, $2,046 for a one-bedroom and $3,584 for a two-bedroom unit.


Apartment units feature an open concept with floor-to-ceiling windows and luxury finishes including quartz countertops, stainless steel appliances, chef-inspired gas ranges and wood cabinetry. Tower amenities include an oversized swimming pool and hot tub, gathering spaces, a state-of-the-art fitness center, concierge services, a game room, an elevated urban park, a “pooch park” and “pooch parlor” for dogs and a bike storage room.

The name of the tower was inspired by Mary Adeline Norris Gray, who was known as one of the founders of the community and the “Mother of Phoenix," according to the developer.

“Adeline Luxury Living is in the early stages of the leasing process, but we are already seeing an exceptional amount of interest in the opportunity to live in the most luxurious community in the market,” Nate Schwab, community manager at Adeline, said in an emailed statement. “Adeline is the first to offer full-time valet service, daily on-site concierge, a 24 hour-a-day concierge app, a restaurant coming soon on the ground floor of the property and best-in-class amenities at the property. We’re very pleased with how our new residents have received the property and the interest we are seeing in new leasing.”
Honestly think it looks pretty bland for those pricepoints.
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  #19576  
Old Posted Jan 20, 2022, 5:24 PM
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Looks like a pretty standard new apartment. I don’t know if it is just me, but maybe they are still working on it, but they seem to have scarfed some small exterior accent features compared to the renderings.
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  #19577  
Old Posted Jan 20, 2022, 5:31 PM
biggus diggus biggus diggus is offline
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Sounds like the cost of the service/amenities are driving the price, not the bland'ness of the units. There are probably some beautiful apartments with no services available for people with that set of priorities.
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  #19578  
Old Posted Jan 20, 2022, 5:49 PM
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anybody able to see this article ?? :

https://www.bizjournals.com/phoenix/...h-in-2022.html
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  #19579  
Old Posted Jan 20, 2022, 5:57 PM
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anybody able to see this article ?? :

https://www.bizjournals.com/phoenix/...h-in-2022.html
here it is

Quote:
The Valley is booming with cranes rising across the metro building everything from apartments, industrial warehouses and manufacturing facilities and office buildings to restaurants, shopping centers, hotels and theme parks. There are literally tens of billions of dollars worth of construction going on right now around Phoenix and the economic impact of these projects will be even larger once they are completed.

With so many projects across so many different sectors, the Business Journal’s commercial real estate and economic development team has come up with a list of 15 developments that everyone should be keeping their eyes on in 2022 and beyond. Click on the project name to learn more details.

Taiwan Semiconductor Manufacturing Co. plant and north Phoenix supplier sites: Arizona’s largest foreign direct investment in history began construction in 2021 and will continue through all of 2022. The shell of the building is expected to be complete in the middle of 2022, and then the process of "conditioning" the fab, meaning establishing clean rooms and removing all contaminants will begin. That process is expected to take another 12 months, city of Phoenix officials said. The plant is being built on 1,128 acres of land near Loop 303 and the 43rd Avenue alignment in north Phoenix and has already begun to create a ripple effect in the area. Mack Real Estate Group bought land in the Deer Valley area designated as a supplier site for TSMC, and will begin constructing the Mack Innovation Park in 2022, which will eventually include 4 million square feet of buildings, including manufacturing and other industrial space. Sunlit Chemical, a Taiwan-based chemical manufacturer, bought a parcel from Mack and will begin construction on its facility in early 2022.

Intel expansion: Intel Corp. has been one of the largest employers in the Valley for decades, but the California company is growing its presence with two new semiconductor chip factories in Chandler. Altogether, the project is expected to cost $20 billion and will employ 3,000 more people once completed. It is also expected to create 3,000 construction jobs while the fabrication facilities are being built. In 2021, Intel created a new foundry business, which it will manufacture chips designed by other companies. The new fabs in Chandler will be the first in Intel’s system with dedicated capacity just for the foundry business. The city of Chandler has already committed to spending up to $30 million on water and road infrastructure for the new Intel site. Intel started construction on the new factories in September 2021. They are expected to be operational by 2024.

KORE Power battery facility: Coeur d’Alene, Idaho-based KORE Power Inc. plans to start construction on its planned 1 million-square-foot, 12 gigawatt-hour battery manufacturing facility in the first half of this year in Buckeye. The massive facility will be built on about 214 acres near State Route 85 and MC 85 and is expected to start production by the end of 2023 and bring 3,000 well-paying jobs along with it. KORE aims to be the first major U.S.-owned manufacturer of high-density lithium-ion pouch cells and build out the surrounding area as what it’s calling the “Sustainable Valley,” where investors and real estate firms have started purchasing and selling land.

Novus: Construction on the third phase of the Novus Innovation Corridor at Arizona State University is well underway, and a hockey and multisport arena is expected to be open by the end of 2022. Planning is underway for another 600,000 square feet of buildings in the area, on the east side of Arizona State University’s campus. A six-story apartment complex that is planned to have 200 micro-units is planned to begin construction in early 2022, as well as a speculative office building, an additional 340-unit apartment building and some low-rise creative office, which will be built on the former Karsten Golf Course.

Metrocenter: After years of trying to find a buyer for the shuttered north Phoenix mall, Concord Wilshire Capital and TLG Investment Partners are under contract to buy it and are scheduled to close on the sale in the summer of 2022 but have agreed to begin demolition ahead of closing. The redevelopment plan, called the Village, will include 2,600 multifamily units and 100,000 square feet of essential and service retail. The plans also call for boutiques, retail stores, restaurants, bars, a town-center park, and other commercial and entertainment venues. The redevelopment is expected to cost about $750 million, and vertical construction will likely begin in 2023.

Facebook Mesa Data Center: Meta Platforms Inc., formerly known as Facebook Inc., choose Mesa in 2021 as a destination for an $800 million data center. The first phase of the Facebook Mesa Data Center will consist of two buildings totaling 960,000 square feet, and the first building should be online by the end of 2023. Once operational, Facebook expects the project to support approximately 100 jobs. The construction of the data center is expected to require up to 1,500 construction jobs at peak. In July, Facebook purchased 396 acres in Mesa on the southeast corner of Elliot and Ellsworth Roads for $123.2 million and announced that construction started in August.

Industrial growth in Casa Grande: While TSMC’s effects are the most obvious in north Phoenix, an unexpected area south of Phoenix is also seeing the benefit. Chang Chun Group bought 84 acres near Burris and Clayton roads in Casa Grande for $5.2 million, according to real estate database Vizzda. Another supplier to TSMC, LCY Chemical, has also already closed on a location in Casa Grande. The company bought 34 acres near Burris Road and Gila Bend Highway for $5.5 million. Kirk McCarville, a broker with Land Advisors, said several other TSMC suppliers are also expected to close on land in Casa Grande in 2022.

Sky Harbor expansion: There are always multiple projects underway at Phoenix Sky Harbor International Airport, but two major ones are expected to be delivered in 2022. A new eight-gate concourse is being built in Terminal 4 for Southwest Airlines. McCarthy Building Companies Inc. is the general contractor for the $310 million project, which will add 130,000 square feet to this final concourse in Terminal 4. Sky Harbor will also be completing a $745 million extension of the PHX Sky Train this year. The project will extend the train line more than two miles to the rental car center. Sky Harbor received more than $19 million from the federal Infrastructure Investment and Jobs Act in December and will continue to get grants from that legislation for the next five years, meaning a lot more construction will be arriving soon.

Southbridge: After the original plans for the second phase of Southbridge were withdrawn, a new ownership group is planning a scaled-down version of the mixed-use project in Old Town Scottsdale. Phoenix-based Creation RE is buying the land, which is in three noncontiguous sites totaling 4.5 acres, from the Unger family for $38 million. Creation is still in the early stages of what the project will look like, but the plans still call for a mixed-use development with restaurants, hotels, office and residential uses, but “a lot less density” than the original plan.

Santan Mountain Casino: The Gila River Indian Community began construction on its fourth casino in the Phoenix metro in the fall of 2021. The casino is being built south of Chandler on 160 acres of Gila River community trust land on the southeast corner of Gilbert Road and Hunt Highway. The project is expected to cost at least $150 million and could open in 2023. The tribe has wanted a fourth casino for years but agreed not to open one in the early 2000s as part of gaming compact negotiations with the state. But in 2021 the tribe, Arizona Gov. Doug Ducey and the state Legislature agreed to a new gaming compact, which allowed both sports wagering within the state and the Gila River Indian Community to open its fourth casino. The tribe expects it to employ more than 650 people.

Food innovation: Arizona Fresh Holdings is planning a major redevelopment to a former landfill in South Phoenix, which aims to create a large-scale food distribution center, along with a food market, community park and education and research facilities related to food and agriculture near Seventh and Elwood streets, including the former Rio Salado Park. The project will include 153 acres and is estimated to cost $200 million to develop. The first phases to be built include a 20-acre park, the wholesale food distribution buildings and research and development space. Early construction will begin in 2022.

Central Station: The redevelopment of the downtown Phoenix transit station is planned to begin in 2022. Current plans call for two towers of residential units, including some that are planned for student housing and others that will be apartment units, as well as 47,350 square feet of ground-floor retail, restaurant or grocery space and 35,350 square feet of office space. Phoenix City Council approved the lease and development agreement for the transit depot, at Central Avenue and Polk Street, in April 2019 after a request for proposals was issued for redevelopment of the transit depot site, and Medistar was the chosen developer.

Glendale’s lagoon, amusement park and mixed-use office projects: Construction is underway for the massive mixed-use entertainment project near 95th Avenue and Cardinals Way in Glendale. The Crystal Lagoons Island Resort, a planned mixed-use entertainment project that will be anchored by an 11-acre lagoon in Glendale, will also be home to the first-ever Mattel Adventure Park. In total, the development will include 978,000 square feet and cost about $260.24 million to construct. The project will also include about 630 new hotel rooms. The project will be developed in a single phase and be operational by October 2022. A 62-acre parcel near State Farm Stadium and the amusement park comprised of 600,000 square feet of new, class A office space, 60,000 square feet of retail, restaurant and entertainment space; new hotels and 230 apartment units are also on the way. Early improvements like infrastructure and the hotel and apartment components were expected to move quickly.

Cannon Beach: Glendale’s isn’t the only lagoon project under construction right now. Developer and Gilbert resident Cole Cannon began construction in 2021 on his lagoon and entertainment project called Cannon Beach in Mesa. The project is planned near Power and Warner roads and will feature a 1.8-acre surfing lagoon complete with a sand beach and splash pad. The surf lagoon will be part of a larger, mixed-use portion of the site, totaling about 30 acres, which will include a hotel, restaurants, a gymnasium and office buildings surrounding the surfing area.

The Cubes at Mesa Gateway: Massive industrial real estate projects have become extremely common in Phoenix’s West Valley, but East Valley officials are saying, “We can do large industrial too.” In 2021, Mesa landed a big one, The Cubes at Mesa Gateway from national real estate and development firm CRG. The Chicago-based firm purchased 268 acres between Pecos and Germann roads just south of the Phoenix-Mesa Gateway Airport for $30 million, according to Maricopa County records. The developer plans to invest $300 million to build as much as 4 million square feet of speculative and build-to-suit industrial space on the property. Construction is expected to start in the second quarter of 2022 and the first buildings should be delivered by the end of 2022. The entire project should be completed in late 2024. CRG has an even bigger Cubes project in the West Valley that has already attracted the likes of Williams-Sonoma Inc. (NYSE: WSM) as a tenant.
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  #19580  
Old Posted Jan 20, 2022, 6:45 PM
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^ thank you Sir! appreciated !!
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