Phoenix Development News (3) - Page 972

azliam · #**19421** Posted **Dec 2, 2021, 6:57 PM**

Any idea what this crane is for? 383 height

https://oeaaa.faa.gov/oeaaa/external...99017073&row=9

https://oeaaa.faa.gov/oeaaa/external...9018111&row=10

biggus diggus · #**19422** Posted **Dec 2, 2021, 7:01 PM**

Well, the map shows NW of 5th and Van Buren so it's probably for that apartment building.

Obadno · #**19423** Posted **Dec 2, 2021, 9:09 PM**

Looks like Palm Tower

CrestedSaguaro · #**19424** Posted **Dec 2, 2021, 9:30 PM**

skiesthelimit · #**19425** Posted **Dec 5, 2021, 1:33 AM**

Went to First Friday last night for the first time since 2019 and I have to say it is much larger than I last remember. Not sure how crowded it got because we got there just about when it started and it was not nearly as crowded as it used to be but definitely way more vendors especially for clothing. Was an awesome sight to see and walked out with two drawings.

combusean · #**19426** Posted **Dec 5, 2021, 6:33 AM**

I can see a mobile crane at 383' to assemble the tower crane but 383' for a tower crane seems high for a 316' building. Maybe somebody screwed up the FAA application or it's just easier to apply for the maximum height either will need and have lots of leeway.

xymox · #**19427** Posted **Dec 5, 2021, 6:46 PM**

Here's the latest state of the TSMC site. I was told that there are so many mobile cranes on site that other projects are having a hard time sourcing them for their own use. Wonder if that impacts projects like Palm Tower that need one to get their tower cranes up.

Obadno · #**19428** Posted **Dec 7, 2021, 3:39 PM**

Can Anyone Pull Up the whole article?

https://www.bizjournals.com/phoenix/...ix-guefen.html

Lafferty sold the lots between Washington and Jefferson to a real developer whose going to build....

Quote:

A Houston developer is making its Phoenix debut with the purchase of an expensive chunk of downtown Phoenix real estate with plans to build a $100 million luxury apartment community. The developer also told the Business Journal he has plans for another project in Tempe.

PHXFlyer11 · #**19429** Posted **Dec 7, 2021, 3:50 PM**

Quote:

Originally Posted by Obadno

Can Anyone Pull Up the whole article?

https://www.bizjournals.com/phoenix/...ix-guefen.html

Lafferty sold the lots between Washington and Jefferson to a real developer whose going to build....

Correct me if I'm wrong, but that's well south of the 7th St, so no chance for a high-rise, right?

CrestedSaguaro · #**19430** Posted **Dec 7, 2021, 3:57 PM**

Quote:

Originally Posted by PHXFlyer11

Correct me if I'm wrong, but that's well south of the 7th St, so no chance for a high-rise, right?

Here's what's planned:

Quote:

What's planned
David Kulkarni, principal of Guefen Development Partners, said he plans to build luxury apartments on that site with monthly rental rates ranging between $1,425 for a one-bedroom apartment to $2,275 for a two-bedroom unit.

Plans call for building 362 units averaging 882 square feet, with more than 200 of them being one-bedroom units.

Total development costs for that 5-story community, to be called Haven at Washington, are expected to be around $100 million, Kulkarni said.

Source: By Angela Gonzales – Senior Reporter, Phoenix Business Journal

combusean · #**19431** Posted **Dec 7, 2021, 4:22 PM**

That is a really nice looking project.

Lafferty gets a lot of shit here for some reason but he's assembled and kicked off a couple projects now and I'm looking forward to this one as that chunk of bleh dirt and concrete has been crummy and underdeveloped for decades. I think he's done more for that corner of Phoenix than anyone else in recent memory and deserves some respect.

Obadno · #**19432** Posted **Dec 7, 2021, 5:25 PM**

Quote:

Originally Posted by combusean

That is a really nice looking project.

Lafferty gets a lot of shit here for some reason but he's assembled and kicked off a couple projects now and I'm looking forward to this one as that chunk of bleh dirt and concrete has been crummy and underdeveloped for decades. I think he's done more for that corner of Phoenix than anyone else in recent memory and deserves some respect.

We get mad at lafferty because he’s assembles land for sales but he constantly gets high profile articles like he is a developer.

Also many of assumed he’s never going to develop this parcel but I guess we are eating crow today

LocoPhoenician · #**19433** Posted **Dec 7, 2021, 6:21 PM**

Here's some inside football. We were told today Bank of America isn't renewing their lease to Colliers Center and will be vacating the building.

biggus diggus · #**19434** Posted **Dec 7, 2021, 6:25 PM**

Quote:

Originally Posted by Obadno

Also many of assumed he’s never going to develop this parcel but I guess we are eating crow today

Looks like someone else is developing it. Lafferty assembles and sells ready-to-build projects. I don't think he's ever developed anything, could be wrong I guess.

Obadno · #**19435** Posted **Dec 7, 2021, 6:34 PM**

Quote:

Originally Posted by LocoPhoenician

Here's some inside football. We were told today Bank of America isn't renewing their lease to Colliers Center and will be vacating the building.

How much does bofA even take up in that tower as is?

LocoPhoenician · #**19436** Posted **Dec 7, 2021, 7:02 PM**

Quote:

Originally Posted by Obadno

How much does bofA even take up in that tower as is?

14 and 19-24. There's around 800 in the there but not all have returned since covid. Just another named tower being vacated.

PHX06 · #**19437** Posted **Dec 8, 2021, 3:10 PM**

There is a notice posted at the bottom of the fencing around the old The Monroe Bar & Lounge for a change to the signing plan for 101 N 1st Ave (US Bank Tower). I wonder if this refers to the removal of the massive US Bank sign off the top, or just the Monroe's sign? They never did fill their banking space at the bottom of the tower -- it's still vacant.

With Chase, Wells Fargo, and Bank of America's rumored removal, we will end up with no signage on any of our buildings at this rate.

AZRAM · #**19438** Posted **Dec 8, 2021, 4:42 PM**

Phoenix developer RED Development has sold Block 23, downtown’s newest office tower, to City Office REIT for $150 million.
https://www.abc15.com/news/business/...or-150-million

gymratmanaz · #**19439** Posted **Dec 8, 2021, 5:18 PM**

Love that elevated picture of block 23. Never saw that before. WOW!!!!! love the building and the green grass and blue pool water. looks awesome and inviting!!!!!

ASU Diablo · #**19440** Posted **Dec 8, 2021, 5:40 PM**

Quote:

Originally Posted by PHX06

There is a notice posted at the bottom of the fencing around the old The Monroe Bar & Lounge for a change to the signing plan for 101 N 1st Ave (US Bank Tower). I wonder if this refers to the removal of the massive US Bank sign off the top, or just the Monroe's sign? They never did fill their banking space at the bottom of the tower -- it's still vacant.

With Chase, Wells Fargo, and Bank of America's rumored removal, we will end up with no signage on any of our buildings at this rate.

The only FIs left in downtown will be Western Alliance Bank at this point lol