Phoenix Development News (3)

[Obadno]

What does undeveloped roadway deduction mean? It’s like 70% of the site

[Stijl]

Think it's Dedication and not Deduction. The few times I've seen similar items pop up outside of downtown, these were dedications for roadways that were either planned but never building, or were removed previously. It's a cumbersom process to reintegrate them into the building parcel, but generally that can be done.

In this case, I'd expect it's land that could be buildable but will carry some additional legal / property definitions to make available. I'm not aware of any plans for 1st to fork at that location in the future that would require it to be maintained (or past alignments, but don't know the history there without fiving into historic photos or something).

[phxjack]

Aspirant Development is set to transform the southwest corner of Central Avenue and McDowell Road in Phoenix with a new 24-story apartment tower, featuring 320 luxury units and an L-shaped design that incorporates ground-floor retail and restaurant spaces. Purchased from Donnelley Financial Solutions for $13 million, this 3.3-acre site, near attractions like the Phoenix Art Museum, will start construction in the first quarter of 2025 and is expected to be completed in about two years. The development plans include attracting a specialty grocer as a major retail tenant, alongside mid- to high-end dining options, enhancing the area's urban appeal and residential options.


https://www.azcentral.com/story/news...m/73456469007/