Tempe Development Thread

[Spitfiredude]

Why are they being so cautious about raising that crane up? Something to do with the FAA? How does it compare in height to the 100 Mill crane?

They’re doing the jack method for putting it up. The building height is around 300’..... so the crane is probably going to end up around 330’. That height is probably too high to be stand-alone without attachment to the building.

[cygnusloop99]

Why are they being so cautious about raising that crane up? Something to do with the FAA? How does it compare in height to the 100 Mill crane?

They probably pay more for rental of the tower crane with every section they climb up to. :haha:

[combusean]

^ The rumor here is they bought the crane.

[Mr.RE]

Two things coming up on DRC & city council.

1. Mixed use at 98 s river drive (Rio East) requesting approval at DRC.
https://www.tempe.gov/Home/ShowDocument?id=87200

2. Tempe Depot final hearing requesting from approval from City Council on Thursday.
http://documents.tempe.gov/sirepub/mtgviewer.aspx?meetid=1577&doctype=AGENDA

Hopefully we see this one move right away shortly after.

[azsunsurfer]

Two things coming up on DRC & city council.

1. Mixed use at 98 s river drive (Rio East) requesting approval at DRC.
https://www.tempe.gov/Home/ShowDocument?id=87200

2. Tempe Depot final hearing requesting from approval from City Council on Thursday.
http://documents.tempe.gov/sirepub/mtgviewer.aspx?meetid=1577&doctype=AGENDA

Hopefully we see this one move right away shortly after.

Isn't the Rio East rezoning a reworked version of that "Millennial" project that was approved? It was apartments with a "food hall" on the corner which looked to me like just a normal retail strip center?

[Mr.RE]

Rendering for Aura Apache at McClintock/Apache on the development tracker. Nice 5 story build, will be a major improvement to that area.

https://live.staticflickr.com/65535/50838488742_b1d5f11581_c.jpg

[Mr.RE]

https://www.bizjournals.com/phoenix/news/2021/01/15/tempe-mixed-use-project-macayos-site.html?ana=e_phx_bn_breakingnews_breakingnews&j=90546345&t=Breaking%20News&mkt_tok=eyJpIjoiWWpZME1EZGpaV0ZoTjJRMyIsInQiOiJRQ0dhcGo1Yk5lQm9FdmthSCt4NEpzcXpyS0MxRHZWYytKb29zcms3ZVlyZnhGdWZnZW45bmdLcDBFY1UrMGdLeTZzcW5MeXZqbHhiREROTVJ5MFdyRjJMXC9lUVZTcWZQUEhEVUp1ME5GSEpPTXJaWUF5YVZyM0hyTVBjcWx6blVFM2xROEVOalpLbnhvS01LQTZQY0lBPT0ifQ%3D%3D

The Tempe City Council unanimously gave approval to a plan by Phoenix-based Red Development to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development, which also will preserve and restore the train depot on the site.

Red Development is planning to build a 17-story office tower totaling 319,000 square feet on the northern portion of the 2.5-acre site near Third Street and Ash Avenue, which is bisected by the light rail tracks, according to plans submitted to the city of Tempe. Plans call for constructing the two towers around and over the light rail tracks, creating a space where the train will travel through the buildings.

The office tower will include 10 stories of commercial office space, which the developer’s application to the city said will “entice creative tenants to meet today’s market need and future growth who can benefit from the downtown district.”

For the second tower, Red Development is planning an 18-story, five-star, full-service Hilton-branded hotel with up to 280 guest rooms, according to city documents. The hotel tower also will include 9,400 square feet of conference space, 15,225 square feet of street-level indoor retail and restaurant uses and 4,000 square feet of outdoor dining space on the ground floor. The eighth floor will have an amenity deck with a pool that will connect both towers.
“The site is a prime opportunity for redevelopment given its location within the downtown Tempe district and its proximity to the future streetcar, the light rail station at 3rd Street and Mill Avenue, Tempe Beach Park and Tempe Town Lake,” applicants wrote in the application to the city. “The site’s location also provides an opportunity to make a significant statement along Ash Avenue, the main western gateway into the downtown Tempe district, with the introduction of a high quality, commercial project representative of the ongoing private and public investment occurring in downtown Tempe.”

The project will have a seven-level above-ground parking garage totaling 418,630 square feet. SmithGroup is the architect for the project. As part of the development agreement, the existing train depot will be preserved and rehabilitated.

The depot was built in 1924 and is not listed on the Tempe Historic Properties Register, but was determined eligible for listing in the 1980s, according to documents from the city’s Historic Preservation Commission.

“The goal of the project is to celebrate the train depot, build a really exciting mixed-use project, but make sure we respect and celebrate the train depot,” Manjula Vaz, attorney with Gammage & Burnham representing Red Development, said during the council meeting.

One member of the public, a neighbor who lives near the planned development, spoke in opposition to the project, citing concerns about traffic and incompatibility with the neighborhood.

The city also approved an eight-year government property lease excise tax, or GPLET agreement for the project. The GPLET agreement would give the city title to the project after construction for an eight-year period. With the city holding the title, the property is not subject to property taxes for the eight years.

The city has another high-profile mixed-use development nearby that also incorporates historic preservation. The Hayden House, the former site of the Monti’s La Casa Vieja restaurant, is being rehabilitated to its 1924 condition as part of the redevelopment of that site for the 100 Mill mixed-use project. That, $153 million project, began construction on the commercial building in February and is being built as a partnership between Atlanta-based Cousins Properties and Houston-based Hines. Deloitte and Amazon have both leased office space at 100 Mill.

[muertecaza]

https://www.bizjournals.com/phoenix/news/2021/01/15/tempe-mixed-use-project-macayos-site.html?ana=e_phx_bn_breakingnews_breakingnews&j=90546345&t=Breaking%20News&mkt_tok=eyJpIjoiWWpZME1EZGpaV0ZoTjJRMyIsInQiOiJRQ0dhcGo1Yk5lQm9FdmthSCt4NEpzcXpyS0MxRHZWYytKb29zcms3ZVlyZnhGdWZnZW45bmdLcDBFY1UrMGdLeTZzcW5MeXZqbHhiREROTVJ5MFdyRjJMXC9lUVZTcWZQUEhEVUp1ME5GSEpPTXJaWUF5YVZyM0hyTVBjcWx6blVFM2xROEVOalpLbnhvS01LQTZQY0lBPT0ifQ%3D%3D

Thanks for posting. I really like as the article mentions that Tempe has managed to tastefully incorporate its small stock of historic buildings into big office projects. The restoration of the Hayden House looks fantastic, and hopefully the train depot is similarly well done. Also will be really good to have potential street car users along Ash--as it stands right now there's not much on that segment of the line besides parking and the fire station. Hopefully sometime there is a serious proposal on the big surface lot (owned by Bob Parsons last I knew).

[soled]

Have I lost my mind or has 100 Mill scrubbed pics of the hotel from their website gallery? It's still in the video, but I could have sworn there was also a pic of it in the gallery

https://100milltempe.com/gallery

[CrestedSaguaro]

Have I lost my mind or has 100 Mill scrubbed pics of the hotel from their website gallery? It's still in the video, but I could have sworn there was also a pic of it in the gallery

https://100milltempe.com/gallery

I'm not up on this development as I should be, but it's not showing a hotel on the Hines renderings either (https://www.hines.com/properties/100-mill-tempe). I'm guessing it's still planned, just not on the renderings? Was the hotel finalized or subject to change?

[soled]

I'm not up on this development as I should be, but it's not showing a hotel on the Hines renderings either (https://www.hines.com/properties/100-mill-tempe). I'm guessing it's still planned, just not on the renderings? Was the hotel finalized or subject to change?

All I remember is that the hotel rendering was there a few months ago. I use you guys for the nuts and bolts of these things actually getting to development:)

[PHXFlyer11]

All I remember is that the hotel rendering was there a few months ago. I use you guys for the nuts and bolts of these things actually getting to development:)

I think the hotel is actually a separate development. It was approved separately by the DRC. But I would not be surprised if it was shelved due to Covid.

[Socalzonie]

I think the hotel is actually a separate development. It was approved separately by the DRC. But I would not be surprised if it was shelved due to Covid.

Tempe's development tracker shows it as in review for a building permit, but I have no idea if it is still on track. It may very well have stalled.

[IndyAZ]

It is a different developer than the office and the project is on hold till the hotel industry starts to recover. Developer put all their hotel projects in the valley on hold, including 100 Mill Hyatt and the dual branded 8-story Marriott at City North. So its not dead, but no idea when it will get going. It has already received DRB approval, so only final building permit needed.

[PHXFlyer11]

I can’t read the article but this is great news! New HQ in Tempe!

Align Technology is the maker of Invisalign, and is a $43B company with over $2B in sales annually. Very big win for the city and state!

https://www.bizjournals.com/phoenix/news/2021/01/21/california-tech-company-moves-hq-to-tempe.html

[BA744PHX]

I can’t read the article but this is great news! New HQ in Tempe!

Align Technology is the maker of Invisalign, and is a $43B company with over $2B in sales annually. Very big win for the city and state!

https://www.bizjournals.com/phoenix/news/2021/01/21/california-tech-company-moves-hq-to-tempe.html

Great news, but what is the $43B you are referring to?

[muertecaza]

I can’t read the article but this is great news! New HQ in Tempe!

Align Technology is the maker of Invisalign, and is a $43B company with over $2B in sales annually. Very big win for the city and state!

https://www.bizjournals.com/phoenix/news/2021/01/21/california-tech-company-moves-hq-to-tempe.html

Great news, but what is the $43B you are referring to?

Wow, yes, great for Tempe, great for Watermark, and hopefully great to encourage the other big office projects like Tempe Depot and the Novus stuff to build on spec if necessary.

The $43B is their market cap.

[locolife]

Wow, yes, great for Tempe, great for Watermark, and hopefully great to encourage the other big office projects like Tempe Depot and the Novus stuff to build on spec if necessary.

The $43B is their market cap.

Yeah, they're not a fortune 500 but they are a fortune 1000 at number 888. That's a big win.

The company’s San Jose campus remains the hub for its global innovation, product, and marketing organization and will become home to its new Digital Innovation Center, currently under construction. As part of the new corporate headquarters move, Align Technology President and CEO Joe Hogan, CFO and Senior Vice President, Global Finance John Morici, Senior Vice President, Chief Legal and Regulatory Officer Julie Coletti, and Senior Vice President, Global HR Stuart Hockridge have relocated their offices to Tempe. Approximately 150 employees, mostly in corporate general and administrative (G&A) roles, have been offered relocation packages. These employees have the option to relocate to Tempe or to continue working from their current locations. Relocation is not required and there are no layoffs associated with this move.

[ciweiss]

I believe this was already mentioned but there is a public hearing for the 433 S. Farmer Ave Case name Downtown Flats PL2000275 for Tue Feb 9th 6pm virtual meeting tempe.gov. And tentative City council hearings Feb 11 Mar 25th. Talks about 367 dwellings (65 du/ac). 8 stories mixed use. cool

Also, there was a mention of Carvana hiring 1000. The media mentioned Phoenix but going to the job descriptions it talks about the offices in Tempe. After the covid to return to office. So that is cool.

[xymox]

I believe this was already mentioned but there is a public hearing for the 433 S. Farmer Ave Case name Downtown Flats PL2000275 for Tue Feb 9th 6pm virtual meeting tempe.gov. And tentative City council hearings Feb 11 Mar 25th. Talks about 367 dwellings (65 du/ac). 8 stories mixed use. cool

Also, there was a mention of Carvana hiring 1000. The media mentioned Phoenix but going to the job descriptions it talks about the offices in Tempe. After the covid to return to office. So that is cool.

Carvana isn’t back to office and won’t be for a while - new hires are remote until that point.

[muertecaza]

Didn't have time to snap a picture of Parc Place across the street, but this intersection is looking nice.

https://i.imgur.com/xPz2sYmh.jpg

[Mr.RE]

Agreed! Now just need the NE corner redeveloped and this pocket will be awesome. I think there is a new development in the works at the bus station across from Nexa, but if someone could absorb the mark apt and the convenience store and do some mixed-use that would be sweet.

[Mr.RE]

The Rio East project at 2100 Rio was recommended approval by the DRC for new apartments and 13.5k SF of retail.

Also, upcoming meeting in March is a new 8-story mixed use project containing 367 units called "Downtown Flats" this will be where the Beam on Farmer was located. I think we discussed this a few pages back. At 8 floors this would probably mean it will be Type I construction so I am hopeful for a high quality design :tup:

https://www.tempe.gov/Home/ShowDocument?id=87628

[Mr.RE]

Azbex article on Rio East.

https://azbex.com/expansion-planned-for-tempes-rio-2100/

[CB1]

https://i.imgur.com/hpadHfA.jpg

[muertecaza]

Here are a couple of presentations that were given to the Joint Review Committee (that does design review for ASU projects) yesterday for two Novus parcels:

Parcel 4f (south side of Rio Salado, on the odd-shaped former-Karsten parcel abutting the Ocotillo power plant. Bottom right in CB1's picture above):

https://www.tempe.gov/Home/ShowDocument?id=87508

Parcel 3f (next to the hotel and big garage off 6th street):

https://www.tempe.gov/Home/ShowDocument?id=87506

4f isn't amazing--site plan is about 75% parking. But it's a tough parcel with the big 500 kv transmission lines along Rio Salado, and right next to the power plant, so it was probably never going to be amazing. The design of the buildings themselves look great though--I'd love to work there.

3f is good, nothing special but still exciting. I drove through 6th Street today actually and was already impressed with how the area is shaping up. It feels "big" and urban-ish already, especially the wood apartment building going up that has a pleasant curve along 6th. Another 7 story, 85' apartment building will only add to that. It does seem like a little much to have 3 stories of parking in student apartments right next to the university and right next to ASU's version of the 'garage mahal.' But there are only .65 parking spots per du, so I guess that ain't all bad.

[Mr.RE]

I'm happy with both of these. If the apartments go through, all we need is an office on rural/university hard corner and the food hall on rural and the whole phase will be complete. Then we will start to see Phase 4 parcels get built out at a faster pace :cheers:

[phoenixwillrise]

Parcel 4f (south side of Rio Salado, on the odd-shaped former-Karsten parcel

4f isn't amazing--site plan is about 75% parking. But it's a tough parcel with the big 500 kv transmission lines along Rio Salado, and right next to the power plant, so it was probably never going to be amazing. The design of the buildings themselves look great though--I'd love to work there.

Are you sure you would want to work under that kind of exposure to high voltage power lines? Pretty sure the long time exposure of those has been revealed to have a high probability of causing cancer. Why doesn't SRP or Pinnacle put those under ground first?

[vintur]

Anyone know if the ISTB7 webcam has just given out or they aren't updating the feed anymore? I think that was pretty much the last live look at Tempe development that now seems to be gone.

[CB1]

https://i.imgur.com/ZsIviUC.jpg

The Pier is starting to take shape. This is the view from the TMP.

[CB1]

https://i.imgur.com/Uegm7RU.jpg

Here is a good picture of the Farmers Arts District development next to Whole Foods.

[plinko]

^Great shot!

[CB1]

https://i.imgur.com/GOuBnue.jpg

100 mill

[phoenixwillrise]

CB1 SAID "The Pier is starting to take shape".
I imagine the builders of the pyramids had the same feeling when they laid the foundation, but the pier will probably take longer.

[IndyAZ]

CB1 SAID "The Pier is starting to take shape".
I imagine the builders of the pyramids had the same feeling when they laid the foundation, but the pier will probably take longer.

CB1 is absolutely right, I know everyone likes to pick on this project, but I am excited to see it really pick up steam, which it has! They are now working on the 4th floor on the East tower and the 1st floor columns are up on the West tower. I really like the design of these tower, so hoping the keep up the current pace.

The 4 story underground garage in their defense does take a long time to build, but should have been about 18 months max and they took about 2.5 years, probably going slow till final building permit was finalized.

[YourBuddy]

I don’t know why but I can never remember what this project is supposed to look like.

[IndyAZ]

I don’t know why but I can never remember what this project is supposed to look like.

Architect's website: https://www.rinka.com/ucpier-1
Tempe DR Package: https://www.tempe.gov/Home/ShowDocument?id=44468

[YourBuddy]

Okay I’ve seen this before now I need to actually remember it. It looks very nice, hopefully it is worth the wait. Thanks.

[combusean]

I never understood this before but Pier has a fairly large footprint too. That would explain some of the delays as well.

Do the other Pier blocks have any sort of entitlements? The greater area has seen two iterations over the years but this seems to be the only project that's funded.

[IndyAZ]

Do the other Pier blocks have any sort of entitlements? The greater area has seen two iterations over the years but this seems to be the only project that's funded.

I don't believe they created an overlay district (PUD) for that area but I know the City was trying to contract South Pier Holdings to market and sell the entire area, but not sure if that fell through. KDC has the 10-story Pier 202 office building, but I'm pretty sure they are waiting for a tenant before they advance that.

https://kdc.com/our-work/tempe-waterfront

[PHXFlyer11]

Can anyone confirm if they are building both towers, or just the podium and first tower?

[IndyAZ]

Can anyone confirm if they are building both towers, or just the podium and first tower?

If you look at that aerial image CB1 posted and zoom in on the pier, you can see that the entire garage footprint is compete, the East Podium they are forming the 4th floor and the West Podium the have poured the 1st floor columns only.

I don't know for certain, but I would assume they are going to finish the East Podium before they start the West Podium floors, then complete the East tower before they start the West tower that way they can reuse the same forms instead of purchasing supplies for two sets.

The documents mention Phase 1 and Phase 2, but since the entire garage is complete and the West already has first floor columns, I would highly doubt the 2nd tower is far behind. Seems like more construction phasing and logistics than a true phased development.

[muertecaza]

999 Playa Del Norte:

https://i.imgur.com/YaUwfyrh.jpg

[CB1]

https://i.imgur.com/JNtpHc6.jpg

[Spitfiredude]

Speaking of the Pier, they’re putting up form work for the 5th floor floor-plate. They haven’t done anything on the middle podium or west side tower since they’ve been going full go on the east tower. I run by the place once a week when I run around the lake. They’ve done almost 3 floors since the new year. I would call this a full go. Finally.

[xymox]

If you look at that aerial image CB1 posted and zoom in on the pier, you can see that the entire garage footprint is compete, the East Podium they are forming the 4th floor and the West Podium the have poured the 1st floor columns only.

I don't know for certain, but I would assume they are going to finish the East Podium before they start the West Podium floors, then complete the East tower before they start the West tower that way they can reuse the same forms instead of purchasing supplies for two sets.

The documents mention Phase 1 and Phase 2, but since the entire garage is complete and the West already has first floor columns, I would highly doubt the 2nd tower is far behind. Seems like more construction phasing and logistics than a true phased development.

I seem to recall reading something here that suggested only one of the towers was going up for now. That the second tower base would be built up to the 4th floor until they were ready to permit and build it.

We’ve only seen the permit for the garage/base and one tower, right?

[azsunsurfer]

I seem to recall reading something here that suggested only one of the towers was going up for now. That the second tower base would be built up to the 4th floor until they were ready to permit and build it.

We’ve only seen the permit for the garage/base and one tower, right?

I thought the developer was quoted as saying they would build the second tower based on how leasing went with the first one.

[Mr.RE]

That seems incredibly inefficient. I mean, you lease up one tower then the residents living there have to spend another decade or two hearing construction noises everyday as they build the second :P

[PHXFlyer11]

That seems incredibly inefficient. I mean, you lease up one tower then the residents living there have to spend another decade or two hearing construction noises everyday as they build the second :P

Yea, agreed. Way to have zero confidence as the developer. These will go like hot cakes. Look at West 6th. Maybe build tower A, then start tower B when A is complete, but to say they are waiting for leasing is ridiculous.

I really hope we hear something on South Pier soon. That rendering was absolutely amazing and the Ferris wheel on the pier was awesome. This could go a long way to establishing the South side of the lake as a real luxury apartment, condo and office area. Our own little Miami.

[azsunsurfer]

Yea, agreed. Way to have zero confidence as the developer. These will go like hot cakes. Look at West 6th. Maybe build tower A, then start tower B when A is complete, but to say they are waiting for leasing is ridiculous.

I really hope we hear something on South Pier soon. That rendering was absolutely amazing and the Ferris wheel on the pier was awesome. This could go a long way to establishing the South side of the lake as a real luxury apartment, condo and office area. Our own little Miami.

Well there are a few projects around there in limbo right? We have the original Mirabella senior tower there...not sure if thats still going to happen despite Mirabella's success (even though I think it's a different developer?), you also have that 10 story office BTS that was announced. It sounded like they had a tenant lined up but I have not heard anything since?

[muertecaza]

As others have mentioned, the Pier appears to have finally turned a corner:

https://i.imgur.com/yMbADseh.jpg

And here is the skybridge for Park Place at Terrace/Apache"

https://i.imgur.com/EGP8YcWh.jpg

[Mr.RE]

Great photo updates! Thanks!! The rounded edges of the pier is going too looks great and so unique. Once this thing at least hits floor 10 then I'll be a believer in its progress:tup:

[PHXFlyer11]

Great photo updates! Thanks!! The rounded edges of the pier is going too looks great and so unique. Once this thing at least hits floor 10 then I'll be a believer in its progress:tup:

Funny that was the first thing I noticed too -- how nice an unusual it is here to see not square edge concrete pours.

[RichTempe]

Anyone know if the ISTB7 webcam has just given out or they aren't updating the feed anymore? I think that was pretty much the last live look at Tempe development that now seems to be gone.

It's working again today. Not sure when it came back, but it was offline for a while there after the last storm.

http://webcampub.multivista.com/index.cfm?fuseaction=aPublicWebcam.embed&WebcamPublicEmbedUID=784F6BB4-A9E6-44E2-967D-5E8294487673&HLS=1

[muertecaza]

100 Mill is getting girthy:

https://i.imgur.com/7kdQ9Fjh.jpg

A+mosphere crane came down today:

https://i.imgur.com/cJ3I3Zeh.jpg

[ASU Diablo]

https://www.bizjournals.com/phoenix/news/2021/02/18/tempe-annexation-could-pay-way-for-new-development.html

Tempe City Councilwoman Jennifer Adams said many north Tempe residents complained to her about the condition of the area when she was campaigning for her seat on the city council in 2018. She said they wanted the city to do something to clean the property up.

She said she told constituents she would work to get the area, north of Loop 202 between Scottsdale and Miller roads, annexed into the city. Annexation was something that had been tried before but was never successful until the city council approved it on Feb. 11.

Adams said the annexation was finally approved, in part, because of the efforts of land use attorney Charles Huellmantel, who represents Los Angeles-based developer Banyan Residential. The developer is planning to build a 650-unit apartment and retail complex on the 17 acres.

https://i.imgur.com/Wos8PJnh.jpg

[combusean]

DRC packet for the above:

https://www.tempe.gov/Home/ShowDocument?id=86011

Good to see that area turn around.

[Obadno]

Wow! This will be a huge improvement, that land is highly underutilized as is.

[muertecaza]

Wow! This will be a huge improvement, that land is highly underutilized as is.

Definitely. And as the article says hopefully this is the impetus for annexation of the rest of the county island. Selfishly for myself, it would also be nice if increased development in that area motivated the city to complete the pedestrian bridge on that side of the lake that they've talked about (but which I don't think is currently in any serious stage of planning).

[Mr.RE]

Mirabella is officially complete. Now that the omni lot is clear of staging equipment, the Omni start may be imminent... still shows in building permit review on the tempe development tracker.

https://azbigmedia.com/real-estate/commercial-real-estate/senior-living/mccarthy-completes-mirabella-at-asu/

[exit2lef]

More info on the welcome news of Tempe's plan to annex the ugly county island:

https://azbigmedia.com/business/tempe-expands-boundaries-for-first-time-since-2006/

[CB1]

https://i.imgur.com/dlUEsK1.jpg
Hudson

[CB1]

https://i.imgur.com/6m2Kva2.jpg
Atmosphere

[CB1]

https://i.imgur.com/YNUHcge.jpg

[Spitfiredude]

Wow The Pier might surpass 100 Mill in speed. Floor plate 6. They were at 2 in January I believe. About a floor every 2 weeks.

[CB1]

Yeah, the speed has really picked up! Hopefully it doesn’t take another 4 years. It’s going to be nice having a high rise in that desolated area.

[Mr.RE]

New lease by Robinhood
https://www.bizjournals.com/phoenix/news/2021/03/06/robinhood-leases-for-office-in-tempe.html?ana=e_phx_bn_breakingnews_breakingnews&j=90552929&t=Breaking%20News&mkt_tok=NjczLVVXWS0yMjkAAAF7p4dMj6-i5hMkPf-XjMcdXNpUsu3OGc6_2W-bcF9NRsMHJo-edAod9N9GaMFbgorBEIUO97KPnAJXRrbqQsCbdAkwRZFF9k3yuP3bP5F5r-yC22SDXg

[muertecaza]

New lease by Robinhood
https://www.bizjournals.com/phoenix/news/2021/03/06/robinhood-leases-for-office-in-tempe.html?ana=e_phx_bn_breakingnews_breakingnews&j=90552929&t=Breaking%20News&mkt_tok=NjczLVVXWS0yMjkAAAF7p4dMj6-i5hMkPf-XjMcdXNpUsu3OGc6_2W-bcF9NRsMHJo-edAod9N9GaMFbgorBEIUO97KPnAJXRrbqQsCbdAkwRZFF9k3yuP3bP5F5r-yC22SDXg

Man Watermark really came through with some impressive tenants. Hopefully it motivates them to move forward with the planned neighboring office building.

Tempe project list is updated for March: https://www.tempe.gov/Home/ShowDocument?id=86321

Not a lot new, but there are two new infill projects that have started the entitlement process: 'Milhaus @ Apache,' apparently planned where the Haji-Baba warehouse is (NOT the restaurant), near Apache/101, south-side next to the other new apartments; and Novus Parcel 3F, the 7-story student-oriented apartments next to the hotel.

[skiesthelimit]

Went hiking up A Mountain the other day and was able to grab a pic of 100 mill and the ASU hockey arena site.

https://live.staticflickr.com/65535/51021202211_ff280834b5_b.jpg

https://live.staticflickr.com/65535/51021304127_199676bf2b_b.jpg

[CB1]

https://youtu.be/KAMbLWcUEIg

Novus YouTube interview.

[AJphx]

Anyone know what's going on with the (Car-free) development Culdesac in Tempe? The website, etc., state that it is coming in 2021. Well, I went past the site today and it most definitely is not coming in 2021. (I presume "coming in" to mean completed and not starting construction.) The very large site, which is surrounded by banners on the fences saying Culdesac 2021, is a completely empty dirt lot. In fact, I couldn't see any trace of any materiel or even a single vehicle or piece of equipment.

The reason it came to mind is that the local Tempe bike advocacy group, TBAG, is having a bike ride/crawl between a few restaurants and it is apparently being organized by Culdesac with TBAG, per a facebook post. I thought it was maybe a bad sign that the project clearly won't be finished in 2021 and three months in they haven't updated their projected timeframe publicly in marketing.... yet they are still doing a marketing event with local groups?

[exit2lef]

Anyone know what's going on with the (Car-free) development Culdesac in Tempe? The website, etc., state that it is coming in 2021. Well, I went past the site today and it most definitely is not coming in 2021. (I presume "coming in" to mean completed and not starting construction.) The very large site, which is surrounded by banners on the fences saying Culdesac 2021, is a completely empty dirt lot. In fact, I couldn't see any trace of any materiel or even a single vehicle or piece of equipment.

The reason it came to mind is that the local Tempe bike advocacy group, TBAG, is having a bike ride/crawl between a few restaurants and it is apparently being organized by Culdesac with TBAG, per a facebook post. I thought it was maybe a bad sign that the project clearly won't be finished in 2021 and three months in they haven't updated their projected timeframe publicly in marketing.... yet they are still doing a marketing event with local groups?

I’m not sure if it’s a bad sign, but I don’t really know what to make of it. Culdesac continues to be active on social media, and I heard an interview with one of their staff recently on a local podcast. Then, there’s this event. They’re definitely trying to stay in the public eye, but the most critical activity, a groundbreaking, has yet to be announced. I’d probably be even more worried if there were complete radio silence, but I am having some doubts about the viability of this project.

To be clear, it’s not that I think Tempe can’t handle an apartment building without parking for everyone. It’s more that I don’t think the best route to that has to be a hyped megaproject. A more realistic route may be allowing all new buildings to be built without mandated parking minimums. Few would choose to have zero parking, but some would build at less than a 1:1 ratio and unbundle the parking from rent. The market tends to move in small incremental steps rather than dramatic changes all at once.

[CB1]

I’m sure skyrocketing lumber prices has delayed the project. Especially for a project of that magnitude. Hopefully it moves forward!

[combusean]

I'm wondering if they're flat out able to get that project to pencil out at all with the questionable demand and enormous costs involved. When was the last time an apartment complex had a "marketing team" doing events around town?

From a structural and density aspect Culdesac is a garden apartment complex on steroids but instead of the low maintenance of surface parking, they have the insanely high maintenance burden of amenities an order of magnitude beyond your typical garden complex.

So rather than economizing on parking, residents are paying a premium to live without it.

I doubt I'd want to live in a complex that has "abundant natural light" in the desert--I'm skeptical that will somehow save energy costs--overlooking oversized courtyards where pretty much anyone can party all day and into the night...which really isnt actually conducive to anyone from the working professional or the busy student or older generations looking to relax.

The whole thing comes off like a cult compound. Not that it matters because it's beyond stalled, it never made out of plan review. It's comatose if not dead.

[azsunsurfer]

Let's all not forget the first phase was the retail and grocery store component. I don't know what grocery store would want to stick its neck out to place its flag on that stretch of Apache in its current state. You have Food City and Safeway (and H Mart) not terribly far from the site.

[muertecaza]

Article about the apartments on the former county island at Curry/Miller. Supposed to break ground this month.

https://azbigmedia.com/real-estate/177m-milhaus-north-tempe-will-break-ground-in-opportunity-zone/

[CB1]

https://culdesac.com/

The culdesac website has more pictures and 360 degrees pictures of the development. Feels like being in Spain.

[CB1]

https://i.imgur.com/zI7Pdkm.jpg

[muertecaza]

Fence is down at the Westin:

https://i.imgur.com/jok4CeIh.jpg

The Pier:

https://i.imgur.com/maqhzS0h.jpg

[muertecaza]

Full DRC packet for Aura Apache:

https://www.tempe.gov/Home/ShowDocument?id=88577

[CB1]

https://i.imgur.com/agGkfw8.jpg me
From Novus FB page

[azsunsurfer]

I am extremely disappointed with how the façade turned out. Very bland for this "innovative" district.

[CB1]

I am extremely disappointed with how the façade turned out. Very bland for this "innovative" district.

Haha! I agree. Looks horrible. That can’t be the final product. I hope not.

[azsunsurfer]

Haha! I agree. Looks horrible. That can’t be the final product. I hope not.

I think it is...the scaffolding was taken off.

[ASUSunDevil]

I think it is...the scaffolding was taken off.

It's bad. Luckily it just adds density to Novus and doesn't front Scottsdale Rd.

[soled]

I am extremely disappointed with how the façade turned out. Very bland for this "innovative" district.

I'll never understand how prison windows appeal to developers. The Valley has some of the most beautiful skies in the country, and no one really wants to feel caged in.

[CB1]

https://www.mark-taylor.com/apartments/az/tempe/the-piedmont/photos

Ohhh boy!!!! This website has more pictures of the development. Looks like that’s how it’s going to look. I was hoping they would add a metal or stone facade on the exterior.

[Spitfiredude]

Place looks like Hassayampa. What on earth?

The facade on the ISTB7 is also dreadful IMO. What’s up with ASU being notorious for buildings that are all over the place. I mean I don’t think you need 100% consistency, but gosh.

[ASUSunDevil]

The facade on the ISTB7 is also dreadful IMO. What’s up with ASU being notorious for buildings that are all over the place. I mean I don’t think you need 100% consistency, but gosh.

ISTB7 is looking awesome:

http://webcampub.multivista.com/index.cfm?fuseaction=aPublicWebcam.embed&WebcamPublicEmbedUID=784F6BB4-A9E6-44E2-967D-5E8294487673&HLS=1

[phoenixwillrise]

[QUOTE=ASUSunDevil;9229996]ISTB7 is looking awesome:


Totally agree ASUSunDevil. Has like a quasi mid century modern flair. Love it.

[ASUSunDevil]

Totally agree ASUSunDevil. Has like a quasi mid century modern flair. Love it.

Definitely does! :cheers:

[muertecaza]

We've got glass on 100 Mill:

https://i.imgur.com/WooIbDVh.jpg

https://i.imgur.com/o8ITmHUh.jpg

[combusean]

ISTB7 ... it's not going to keep looking like that? The beige is awful, the windows are ugly, the massing is less interesting than feces... if it keeps that black and those bare concrete columns I'm going to go over to the architect's house, steal their crack pipe, and stomp on it.

[Obadno]

Place looks like Hassayampa. What on earth?

The facade on the ISTB7 is also dreadful IMO. What’s up with ASU being notorious for buildings that are all over the place. I mean I don’t think you need 100% consistency, but gosh.

Colleges in general are famous for god awful buildings.

[ASU Diablo]

ISTB7 is looking awesome:

http://webcampub.multivista.com/index.cfm?fuseaction=aPublicWebcam.embed&WebcamPublicEmbedUID=784F6BB4-A9E6-44E2-967D-5E8294487673&HLS=1

Consider me a fan as well. Love the design

https://www.gannett-cdn.com/presto/2019/09/20/PPHX/6932637f-270e-4880-8171-c1ac39c934cd-ISTB7-2.jpg?width=860&height=544&fit=crop&format=pjpg&auto=webp

[combusean]

It looks like a 1980s foot spa from that angle.

[soled]

It looks like a 1980s foot spa from that angle.

Lol, good line. Fortunately, only King Kong and the Jolly Green Giant will have that view:)

[combusean]

The rendering very clearly does not match the photograph with ISTB7. That cheese grater facade above the LRT platform is shown as a random array of windows and it instead turned out like Wyndham/Renaissance v2.0--I can't unsee it. I'm not crazy about the style they attempted although it might have its fans, but the sloppy execution totally biffed the concept nonetheless.

That Piedmont rendering looks like Plaintiff's Evidence #1 for a contractor lawsuit. That has to be the worst EIFS job I've ever seen on a finished project

[Spitfiredude]

It looks like a 1960s concrete box. I don’t get it, but it is what it is.

[CB1]

https://i.imgur.com/PAfb6HP.jpg

I liked the original ISTB7 design. I think the current design was a big downgrade but it’s still a unique interesting building. Better than nothing.