Phoenix Development News (3) - Page 891

CrestedSaguaro · #**17801** Posted **Sep 10, 2020, 3:25 PM**

Quote:

Originally Posted by Diamonddave

It is my understanding that the FAA has already signed off on Astra that the upcoming meeting is a formality

Correct.

ASU Diablo · #**17802** Posted **Sep 10, 2020, 10:36 PM**

Nice surprise to see this lot finally up for sale. Would love to see this torn down and nice mixed-use building with great height. The CVS caddy corner to this lot is still an eyesore with a horrible design.

Quote:

A flex office building in downtown Phoenix is on the market and could be a prime redevelopment opportunity, brokers associated with the deal said.

The two-story, 53,000-square-foot office is located on the southwest corner of Central Avenue and McDowell Road, and is unpriced and will be sold on a best offer basis. The Valley’s median office price was $164 per square foot at the end of the second quarter, according to Colliers International research.

Jonathan Larsen, Mark Seale and Sally Zesut of Avison Young are representing the seller in bringing the building to market.

“This corner property is one of the last major urban redevelopment opportunities in Phoenix,” Seale said in a statement. “With zoning that allows for a mix of potential uses including multifamily, office, health care, and retail, it provides an opportunistic investor with a prime redevelopment opportunity.”

Seale said he expected interest from California-based investors, who continue to invest in property in Arizona.

“A migration of investors from California has been trending as they seek value in Arizona as it offers lower taxes and construction costs, in addition to other business friendly advantages," he said.

The building was built in 1994 and sits on 3.3 acres of land. The tenant will leave the property after the close of escrow.

https://www.bizjournals.com/phoenix/...-for-sale.html

biggus diggus · #**17803** Posted **Sep 10, 2020, 11:09 PM**

It'll be apartments or another empty lot. Cross your fingers.

ASUSunDevil · #**17804** Posted **Sep 10, 2020, 11:29 PM**

Quote:

Originally Posted by biggus diggus

It'll be apartments or another empty lot. Cross your fingers.

Great insight, Negative Nancy!

biggus diggus · #**17805** Posted **Sep 11, 2020, 12:33 AM**

you know it's true.

muertecaza · #**17806** Posted **Sep 11, 2020, 7:59 PM**

The 6-story Home2Suites proposed at 125 E. Jackson that I believe has been discussed intermittently here got a building permit yesterday. Not the coolest project ever, but it will be nice to hopefully have another project start construction. I haven't been down there lately, anyone know if there is any activity already?

CrestedSaguaro · #**17807** Posted **Sep 12, 2020, 3:44 PM**

Quote:

Originally Posted by ASUSunDevil

Great insight, Negative Nancy!

Have you actually ever read anything positive come from him?

Code5 · #**17808** Posted **Sep 12, 2020, 4:40 PM**

Come on, everyone. Keep it together.

biggus diggus · #**17809** Posted **Sep 12, 2020, 6:04 PM**

Quote:

Originally Posted by CrestedSaguaro

Have you actually ever read anything positive come from him?

C'mon now. I've said a lot of positive things and I'm not saying a negative thing in this conversation. If you don't like reality or the prospect of what reality may bring that's fine, but it says more about your inability to accept things for what they are.

Sorry you're offended, truly don't mean anything by saying a building will probably become apartments or land banked. It's sort of the logical conclusion. Would love to be wrong.

CrestedSaguaro · #**17810** Posted **Sep 14, 2020, 5:52 PM**

Quote:

Originally Posted by muertecaza

The 6-story Home2Suites proposed at 125 E. Jackson that I believe has been discussed intermittently here got a building permit yesterday. Not the coolest project ever, but it will be nice to hopefully have another project start construction. I haven't been down there lately, anyone know if there is any activity already?

Back in town after a 3 week road trip. Went around this morning to update myself on everything. The hotel lot has a fence and a couple of adjacent trees are roped off. The fence has been there, but the trees were not roped off before. I'd say construction is probably happening soon.

ASU Diablo · #**17811** Posted **Sep 14, 2020, 5:56 PM**

Quote:

Originally Posted by muertecaza

Central City Village Planning Committee will be looking at some projects we're following next Monday if anyone wants to attend virtually:

Reviewing the 15' height increase to accommodate Astra, as well as a request to change the layout of the pedestrian paseo
Looking at rezoning application for Garfield House to increase maximum lot coverage and maximum density
Presentation from Valley Metro on the I-10 light rail extension

https://www.phoenix.gov/cityclerksit.../200914003.pdf

Reminder - this meeting is tonight regarding Astra and Garfield House

CrestedSaguaro · #**17812** Posted **Sep 14, 2020, 6:08 PM**

Quote:

Originally Posted by PHXFlyer11

Who is "we"?

1) Adeline
2) Hyatt Place
3) X Phoenix
4) X Phoenix
5) ASU Dorms
6) Link 2
7) Aspire
8) Apartments next to Aspire
9) Portrait 2
10) Derby

That's just off the top of my head and I'm missing a few. Also the crane is either still up or just taken down at the biomedical building, Central Park East, Arizona Center. It's not not she's sitting there keeping a daily count of cranes. I'm sure it's closer to 18 than to 8.

I know this a week old convo, but I've been out of town and just getting caught up on all the posts. I count 17 between DT and MT. Do doubt, Wexford at the time would have been 18 before it was taken down a few weeks ago which the Mayor may have included.

Here's all we have (adding to your list). Starting from the South and going Northward:

1) The Battery
2) Adeline
3) Hyatt Place
4) X Phoenix
5) X Phoenix
6) Thunderbird
7) Link 2
8) Derby
9) ASU Creativity Center
10) Aspire
11) 2nd and Fillmore (O'Neil)
12) The Fillmore
13) Broadstone Portland
14) Portrait Phase 2
15) Creighton
16) Millenium
17) Apartments on the former Macayo's (don't know if this has a name yet).

Additionally, ECO should be getting a crane soon, bringing us back up to 18.

Quote:

Originally Posted by ASU Diablo

Reminder - this meeting is tonight regarding Astra and Garfield House

Will this be broadcast? I am now working 2nds.

ASU Diablo · #**17813** Posted **Sep 14, 2020, 6:16 PM**

Quote:

Originally Posted by CrestedSaguaro

I know this a week old convo, but I've been out of town and just getting caught up on all the posts. I count 17 between DT and MT. Do doubt, Wexford at the time would have been 18 before it was taken down a few weeks ago which the Mayor may have included.

Here's all we have (adding to your list). Starting from the South and going Northward:

1) The Battery
2) Adeline
3) Hyatt Place
4) X Phoenix
5) X Phoenix
6) Thunderbird
7) Link 2
8) Derby
9) ASU Creativity Center
10) Aspire
11) 2nd and Fillmore (O'Neil)
12) The Fillmore
13) Broadstone Portland
14) Portrait Phase 2
15) Creighton
16) Millenium
17) Apartments on the former Macayo's (don't know if this has a name yet).

Additionally, ECO should be getting a crane soon, bringing us back up to 18.

Will this be broadcast? I am now working 2nds.

Great list. Yeah, it's over WebEx.

Here are details for anyone interested in joining:

OPTIONS TO ACCESS THE MEETING
- Call-in to listen to the live meeting: Dial 602-666-0783, Enter meeting access code
1260329878#, and press # again when prompted for the attendee ID
- Observe the live meeting virtually.
Register for the event at:
https://cityofphoenixpdd.webex.com/c...5fa1bd887a0694

gymratmanaz · #**17814** Posted **Sep 14, 2020, 6:41 PM**

So excited to hear updates on both of those projects!!!!!

Mr.RE · #**17815** Posted **Sep 14, 2020, 7:51 PM**

Any recent photos of Adeline or LINK phase 2? I know they shot up quickly after the garage podium level was completed.

CrestedSaguaro · #**17816** Posted **Sep 14, 2020, 8:54 PM**

Quote:

Originally Posted by ASU Diablo

Great list. Yeah, it's over WebEx.

Here are details for anyone interested in joining:

OPTIONS TO ACCESS THE MEETING
- Call-in to listen to the live meeting: Dial 602-666-0783, Enter meeting access code
1260329878#, and press # again when prompted for the attendee ID
- Observe the live meeting virtually.
Register for the event at:
https://cityofphoenixpdd.webex.com/c...5fa1bd887a0694

Thanks!

Phxguy · #**17817** Posted **Sep 15, 2020, 5:20 AM**

Meeting ran long but the 3 items of importance (Astra, Garfield House, and I10 West) were approved by VPC.

BA744PHX · #**17818** Posted **Sep 15, 2020, 11:23 AM**

Quote:

Originally Posted by Phxguy

Meeting ran long but the 3 items of importance (Astra, Garfield House, and I10 West) were approved by VPC.

Long is an understatement, I live in NJ and listened until nearly 1am!!

I can't believe how much time was wasted on food trucks! Also there were 3 individuals who voted no for both Garfield House & Astra, I believe all women, whats their deal?

It was good to hear Astra has funding and ready to go!

Also everyone's argument regarding 2nd avenue expansion, its not what the developers want to do, they are being forced, however individuals wanted to the project rejected due to it

Diamonddave · #**17819** Posted **Sep 15, 2020, 1:15 PM**

Great news on Astra, hope that was the last hurdle except for the permitting process.

Obadno · #**17820** Posted **Sep 15, 2020, 2:09 PM**

Quote:

Originally Posted by BA744PHX

Long is an understatement, I live in NJ and listed until nearly 1am!!

I can't believe how much time was waisted on food trucks! Also there were 3 individuals who voted no for both Garfield House & Astra, I believe all women, whats their deal?

There is a large amount of people who live here who still think of Phoenix as their exotic desert refuge from urban living back east.

They have a practically automatic response to any kind of urban development.