Phoenix Development News (3) - Page 977

biggus diggus · #**19521** Posted **Dec 23, 2021, 11:07 PM**

As someone who has been involved in probably in the hundreds of permits take the valuations with a grain of salt. Permit costs rise along with construction costs. Many times the valuation is labor only or materials only, or some times it's a made up number. We do this to make the permit cost less.

combusean · #**19522** Posted **Dec 23, 2021, 11:41 PM**

Quote:

Originally Posted by combusean

I found the project number for the TSMC site: 20-4636.

I did a quick review of the permits just to get into how damn big this project is.

The mass grading and drainage permit was for 813 acres and 2,950,390 cubic yards of soil. If I'm reading this correctly that's about 9,800 of the largest rail cars if all of it was hauled off site, or around 100 full length trains at the least. According to the CES (commercial environmentally sensitive) permit, 449 trees will be taken to nurseries, 2,356 will remain on site, and 4,476 will be sent to the chipper.

This project is so complicated that it needs temporary works that need their own very expensive permitting. One of which I've found, a paint shed, is valued at $550,000. A stockpile permit is over $300,000, another $750,000. Imagine paying that much money to store just over 1% of total dirt moved on site in the latter case.

I'm reading random things come in at $40, $50 million easy.

A separate gas plant, for Linde Gas, a publicly traded company, is mentioned, I don't know how big the operation is going to be but I don't believe they've ever been reported as a supplier. The piping is estimated at $33 million alone.

The framing costs alone for FAB 1 are estimated at $113 million, the foundation costs $159 million--skyscrapers downtown don't get that much total cost, let alone for core and shell. A core and shell for the wastewater tunnel is $32 million. A truck building's foundation and an electrical building are both valued at $15 million. The water building's foundation is $62 million.

Hundreds of millions are in the permits alone to say nothing of what's left. It's just wild to get an insight of what's going on when all we see is just big cranes and a semi-built steel skeleton.

Quote:

Originally Posted by biggus diggus

As someone who has been involved in probably in the hundreds of permits take the valuations with a grain of salt. Permit costs rise along with construction costs. Many times the valuation is labor only or materials only, or some times it's a made up number. We do this to make the permit cost less.

Regardless of the CoP valuations, it's incredible to see valuations this big. I'm happy to see the figures I've quoted be a baseline.

xymox · #**19523** Posted **Dec 26, 2021, 5:43 PM**

Finally some vertical development at City North! Noticed the work last week and now an article to talk about it and it includes a render which looks pretty nice.

https://ktar.com/story/4816685/work-...north-project/

thespiandave · #**19524** Posted **Dec 26, 2021, 6:58 PM**

I went for a long jog this morning and snapped some pictures along the way! Enjoy!

Roosevelt Electric Sub Station

Adeline

Live Studio

The Tower formerly known as Chase
It looked pretty...nothing exciting happening there yet

YourBuddy · #**19525** Posted **Dec 26, 2021, 9:20 PM**

Always appreciate the pictures. The Aspire area pictures look really nice to me. As those empty lots fill out that place is going to be very nice. Also even though Moon Tower is only a handful of floors, along with the container development, 3rd Street looks so much more dense. I’m holding off judgement of Derby until it’s done, but it looks extremely bland. Adeline street level looks really nice, still not sure how I feel about the facade of the tower.

Classical in Phoenix · #**19526** Posted **Dec 27, 2021, 2:08 AM**

Thanks for the pictures.

CrestedSaguaro · #**19527** Posted **Dec 27, 2021, 4:08 PM**

More information on what's coming to Mayo's 228 acre land purchase:

Quote:

By Angela Gonzales – Senior Reporter, Phoenix Business Journal
Dec 27, 2021

Mayo Clinic and Arizona State University officials have been talking about building a biotechnology corridor in north Phoenix since at least 2013, and the project is now closer to fruition.

Mayo Clinic was the winning bidder in an Arizona State Land Department public auction, paying $139 million for a 228-acre parcel next to its Phoenix campus on Dec. 15.

Currently dubbed Discovery Oasis, this biotechnology corridor has been a long time coming.

But the timing is right, ASU President Michael Crow told the Business Journal.

Source (hit ESC while page loads to read full article): https://www.bizjournals.com/phoenix/...-corridor.html

biggus diggus · #**19528** Posted **Dec 27, 2021, 4:33 PM**

Adeline looks like a high-end big city building. I like it quite a bit.

xymox · #**19529** Posted **Dec 27, 2021, 5:59 PM**

Quote:

Originally Posted by CrestedSaguaro

More information on what's coming to Mayo's 228 acre land purchase:

Source (hit ESC while page loads to read full article): https://www.bizjournals.com/phoenix/...-corridor.html

Interesting - IIRC in an article talking about how we landed TSMC and the impacts of doing so - among the 140 Taiwanese companies looking at PHX/AZ for expansion were non-semiconductor businesses - notably biotech companies. Will be interesting to see just how quickly they move and who shows up. This is a massive win for the region if it takes off like they envision it.

CrestedSaguaro · #**19530** Posted **Dec 28, 2021, 8:22 PM**

Noticed the plaza around the former Chase Tower is fenced off. Did a little checking and there is an interior demo permit that was issued on 12/20 and a couple of facility permits issued today.

Not sure what's planned yet, but I will keep sleuthing around. May just be some remodeling for the lobby.

biggus diggus · #**19531** Posted **Dec 28, 2021, 9:06 PM**

I'm really interested in the process of demoing that interior. I'd imagine some remediation has to happen first and then a lot of very careful processes to remove the inside of the building.

There's an interior design company listed on one of those permits but they don't have much of an online presence so I couldn't really find much.

YourBuddy · #**19532** Posted **Jan 1, 2022, 8:01 PM**

https://youtu.be/5HQwBQLTqo4

I can never figure out how to post YouTube videos, but found this tour of the Ida container project.

TJPHXskyscraperfan · #**19533** Posted **Jan 2, 2022, 4:05 PM**

Quote:

Originally Posted by YourBuddy

https://youtu.be/5HQwBQLTqo4

I can never figure out how to post YouTube videos, but found this tour of the Ida container project.

Well at least we can claim we have the tallest something now!🤣

biggus diggus · #**19534** Posted **Jan 4, 2022, 6:42 PM**

I had to do some business over at 3rd and Clarendon this morning and ended up taking some time to look around. They built quite the pavilion around Clarendon and 1st Avenue with these massive shade structures. Does anyone know if this is something more than just a corporate office smoking area?

And that apartment building at Central and IS is massive!

Obadno · #**19535** Posted **Jan 4, 2022, 7:03 PM**

Quote:

Originally Posted by biggus diggus

I had to do some business over at 3rd and Clarendon this morning and ended up taking some time to look around. They built quite the pavilion around Clarendon and 1st Avenue with these massive shade structures. Does anyone know if this is something more than just a corporate office smoking area?

And that apartment building at Central and IS is massive!

Some new owners bought up that whole complex some years ago and they have been working on that plaza/pavilion area for quite a while now.

I think they are just updating the area to appeal to more retail now with apartments all opening up around the area.

I think its been slow as they haven't, as far as I know, attracted any new tenants into the office space.

They have some renderings on a new-ish Brochure : https://images1.loopnet.com/d2/EYiir...rketingPkg.pdf

biggus diggus · #**19536** Posted **Jan 4, 2022, 8:10 PM**

Thanks for the packet. I used to play morning basketball at that gym, had no idea it closed.

CrestedSaguaro · #**19537** Posted **Jan 4, 2022, 8:36 PM**

Never noticed this before, but Fox 10 has a hell of a webcam view of DT Phoenix. Also posting link to hosting site below:

https://www.fox10phoenix.com/webcams

https://api.wetmet.net/widgets/strea...032b163a93e6b7

plinko · #**19538** Posted **Jan 4, 2022, 9:29 PM**

^That's a great angle. There are 19 buildings in that shot taller than the ballpark. When I left in 2002, there were only 10. Not bad...

Obadno · #**19539** Posted **Jan 4, 2022, 10:01 PM**

Looks like Google Maps 3d is back to the more up to date Satellite and 3d buildings.

Google earth still appears to be reverted.

EDIT: This must have JUST updated now earth is back up to date. And by up to date I mean about 9months old.

Obadno · #**19540** Posted **Jan 4, 2022, 10:04 PM**

Also,

I noticed that the big empty lot with the Pie in the sky 4 building development at Indian School Park appears to have been recently cleared of most brush and plants.

Any idea if some portion of this plan is going to be built?