Phoenix Development News (3)

[combusean]

The cameras apparently get knocked around occasionally, probably got hit by the storm.

[Obadno]

https://azbex.com/planning-development/v...f-headquarters-and-warehouse-in-phoenix/



Finally some movement on the sound mitigation parcels west of Sky Harbor and the southwest corner of downtown.

Hope to see this massive dead zone developed!

Valutek is planning to construct a 45KSF headquarters between 12th and 14th streets near Sky Harbor International Airport.

While most of the headquarters will be a warehouse, it will also include 5KSF of office and 5KSF of clean room manufacturing space. Valutek is a supplier of gloves, boot covers and similar products for use in laboratories.

The headquarters is planned on 16 parcels currently owned by the City of Phoenix. Currently, the parcels are within a noise mitigation corridor, and the City is attempting to sell parcels to redevelop the area.

The Phoenix City Council approved selling the site to Valutek for nearly $1.7M during its Sept. 17 meeting.

Valutek is also interested in a second phase, which would require the company to acquire privately-owned land near the site. Currently, the company operates out of a downtown facility at 9th and Jackson streets and is looking to expand.

As of now, the project is in the midst of the rezoning and site plan application process. Company representatives believe this phase will last an additional six-to-12 months. Construction is expected to occur roughly a year after, with completion targeted for 2027. (Source)

[PowerDubs]

Originally Posted by combusean

91 rooms on one of the most important blocks in Downtown is ridiculous. That's the same size as the 3 story Best Western on 5th St and Fillmore. I doubt over the top design and a niche/kitschy concept on vintage video games (which itself is a scene that has long ago peaked) is going to make up for such an underwhelming overall presence.

It's not just hotel rooms... it will have restaurants, stores, an event center and more.

Retro gaming is actually a high growth sector, and this definitely has the potential for cross-over with things like comic / sci-fi type events.


Yesterday Atari Hotels filed 'Offering Statement Part II & III' with the SEC.


Scrolling through... first thing that jumped out at me is-


"The approximate date of commencement of proposed sale to the public is October 31, 2025"


https://www.sec.gov/Archives/edgar/data/1991899/000121390025092835/ea0258975-1aa1_central.htm

[ASU Diablo]

Pretty big news! Dropping in this thread versus the Sports Arena once since this will be a mixed-use project!

Is this the same site Alex Muruelo (former Coyotes owner) was trying to get?

https://www.azcardinals.com/news/cardina...-team-headquarters-and-practice-facility

The Cardinals have updated their plans for their new training facility, announcing on Tuesday they will create a new building at Paradise Ridge in north Phoenix, west of Scottsdale Road and north of the Loop 101.

The new facility, which will house both the football and business operations, will be the anchor to a mixed-use, 217-acre site. The Cardinals' facility will take up 30 of those acres and total more than 250,000 square feet. It is scheduled to be completed in 2028.

The Cardinals bought the property at auction in the summer for $136 million.

[ASUSunDevil]

Yep, same land as the Coyotes.

Smart to follow the Suns playbook. The Tempe facility is a classic, but these guys want to live closer to the action in Scottsdale.

[xymox]

Originally Posted by ASUSunDevil

Yep, same land as the Coyotes.

Smart to follow the Suns playbook. The Tempe facility is a classic, but these guys want to live closer to the action in Scottsdale.

For sure - and Silverleaf is super nearby. Wonder how many players will live up in that area now vs Ahwatuckee.

[ASU Diablo]

Originally Posted by xymox

For sure - and Silverleaf is super nearby. Wonder how many players will live up in that area now vs Ahwatuckee.

I'm sure the City of Tempe is chomping at the bit to re-develop that land. That's about 15 acres that will become available.

[builder03]

Does anyone know if Mortenson sold this land to the Cardinals? Or will they still be the lead developer of the "Paradise Ridge" master plan?

Would make sense if they are partnering with the Cardinals, as they have a lot of sports arenas in their portfolio.

https://azbex.com/planning-development/m...master-plan-on-former-coyotes-n-phoenix/

[halicem]

Milum Textiles has finally been sold: https://www.azcentral.com/story/news/loc...ntown-phoenix-milum-textile/86356873007/

Hopefully the new owners (JRG Capital) move on it soon but unlikely as they haven't moved on any of their other land acquisitions around downtown iirc.

[locolife]

Originally Posted by ASU Diablo

Pretty big news! Dropping in this thread versus the Sports Arena once since this will be a mixed-use project!

Is this the same site Alex Muruelo (former Coyotes owner) was trying to get?

https://www.azcardinals.com/news/cardina...-team-headquarters-and-practice-facility

This looks pretty and sounds pretty amazing and will put them up there in size and amenities with the best in the league. Hopefully they do a smaller size stadium as well to catch in-person practices for fans. That would also allow joint pre-season practices to finally be held at home instead of always having to travel to cooler climates.

[ASU Diablo]

Originally Posted by Forrester1998

Yeah. Even aside from the unrelated nonsense, the "who wants to live in a townhome at Metrocenter" is silly because according to PBJ, the developers have already pre-sold 750 of the 1100 townhome units. The fact is that we should be building more townhomes near light rail but maybe not literally at a regional commercial hub on the light rail line. The total unit count is going to be under half the original proposal, and that is being blamed on the new state law banning taxes on rent forcing the developer to switch to for sale units. I dont really agree with that state law either but rent taxes are uncommon in Phoenix proper and it was dumb for the developer and the city to forge an agreement based on rent taxes. The projected land use here is pretty disappointing compared to what it could have been.

Found this cool video highlighting The Metropolitan.

https://youtu.be/uqtT_CkHS0I

[MiEncanto]

I don't believe for one minute they have sold 750 townhomes at Metrocenter. Who in their right mind would spec buy a property that won't be ready for years? At metrocenter.

[ASU Diablo]

Originally Posted by apocalyptic0n3

Was looking around Desert Ridge today. No photos but there is a 🞵🞵🞵🞵 load of work happening on Deer Valley, 56th, Mayo, and 64th.

Slightly away from Desert Ridge:

1. Lots of activity going on at the Amex campus. Anyone know what is going on there? I seem to recall Amex wanting to build two of those buildings they put in right as COVID hit; is this its twin or something else?

It's an AMEX Data Center...

[xymox]

Originally Posted by ASU Diablo

It's an AMEX Data Center...

Oh wow, really? The datacenter they have at I-17 and 101 is so cool - it's actually a few levels underground with an empty office building on top of it to disguise it. . Evidently that thing can take a direct hit from a 747 and keep on running... (or so they used to say)

This new DC is clearly not underground - but likely signals they are finally retiring the OG one. Rumor has it there's a mainframe down there that runs ever single AMEX transaction - if that shuts down then they are out of business. Hopefully they've moved off that since - but seems unlikely knowing how those projects always start but never finish...

[apocalyptic0n3]

Originally Posted by xymox

Oh wow, really? The datacenter they have at I-17 and 101 is so cool - it's actually a few levels underground with an empty office building on top of it to disguise it. . Evidently that thing can take a direct hit from a 747 and keep on running... (or so they used to say)

This new DC is clearly not underground - but likely signals they are finally retiring the OG one. Rumor has it there's a mainframe down there that runs ever single AMEX transaction - if that shuts down then they are out of business. Hopefully they've moved off that since - but seems unlikely knowing how those projects always start but never finish...

I know someone who was a pretty high up engineer at Amex for close to a decade. Something to this effect was true but it wasn't here, wasn't critical enough it would shut down Amex, and was resolved before he started there. Part of his role was to make sure every last inch of their infrastructure was redundant and I really doubt there's anything left that could be that damaging. There's still some really old software running but it's not as susceptible to hardware failure these days.

[apocalyptic0n3]

Originally Posted by xymox

Saw it today - curious which project this is for. I thought the taller projects were due up near the 101. Not sure where the 9 floor hotel is going though. Crane doesn't seem much taller than the one for Optima McDowell Mtn.

Banners went up over the last day or two. It's the hotel. AC Hotels by Marriott.

[CrestedSaguaro]

Hey all! Sorry that I have been MIA. I've been down with an illness and finally got around to catching up on the forums a little bit this morning.

I'll be back in full swing soon and catching up on development news. I also saw that there was a little bit of drama while I was away. That will stop 😁

[ASU Diablo]

Will be years down the road when it comes to these Phoenix-issued RFPs. Still waiting for Deck Park Vista Apartments & American Legion project to break ground LOL

https://www.bizjournals.com/phoenix/news...-phoenix-redevelopment-projects-rfp.html

The city of Phoenix has a handful of properties it owns and wants redeveloped, and is set to issue a slew of requests for proposals seeking developers to work on the projects.

It’s aiming to turn the sites — that include the Phoenix Police Department headquarters, certain Park and Ride centers and vacant land — into new affordable housing and mixed-use developments.

City Council members discussed potential projects during an Oct. 14 economic development subcommittee meeting, which include:

Police headquarters intersection – The city owns three parcels at the northeast, northwest, and southwest corners of 7th Avenue and Washington Street. Two parcels are home to the Phoenix police headquarters building, which is slated to be demolished and will soon be vacated once the police department moves into a new building at 100 West Washington St. The other parcel has been vacant since the city purchased it.

The city has ambitious goals for the site which can serve as a “gateway to downtown,” councilmembers said during the meeting. The American Institute of Architects is holding an “ideas competition” to solicit architects from around the world and their ideas for the site, with a mixed-used project envisioned. Phoenix plans to issue an RFP sometime in the next year.

Park and Ride and other transit-oriented properties – The city currently operates a Park and Ride center on a roughly 10-acre site at the southwest corner of 19th and Dunlap Avenues. It’s aiming to have the site — which was just rezoned — redeveloped into affordable housing and plans to issue an RFP.

Phoenix also operates a Park and Ride at 19th and Montebello Avenues that is slated for redevelopment. The site was originally the end of the line for the first phase of the light rail. Now with the completion of the northwest extension to Dunlap Avenue, the number of parking spots can be significantly reduced, paving the way for a new mixed-use development. The city is currently working with the transit department to determine how many parking spaces are still necessary, while also pursuing rezoning efforts to prep it for new development.

Another transit-related redevelopment project is for the Ed Pastor Transit Center, located on about 3.5 acres at the northwest corner of Central Avenue and Broadway Road. The city is seeking creative ideas for the temporary activation of the site through a request for interest it has already issued and will use responses to inform if conditions support issuing an RFP in the near future.

Vacant city-owned land – The city currently owns a vacant 3.75-acre site at the southeast corner of Central Avenue and Broadway Road, which it is aiming to turn into affordable housing units. It’s working on rezoning efforts to prep it for future development and plans to issue an RFP sometime next year.

It also owns two sites at 12th and Washington Streets, and 13th and Jefferson Streets, which are about 0.37 acres each. The sites will be offered through two separate RFPs, with exact redevelopment plans not yet known.

Regency Garage mixed-use project – One active RFP issued is for the redevelopment of a downtown parking garage into a mixed-use project including a hotel component with about 400 rooms. The Regency parking garage is located on just shy of an acre between 2nd and Adams Streets and is adjacent to the convention center. The RFP project aims to add more hotel room inventory around the convention center, which is owned by the city.

[azliam]

Originally Posted by ASU Diablo

Will be years down the road when it comes to these Phoenix-issued RFPs. Still waiting for Deck Park Vista Apartments & American Legion project to break ground LOL

https://www.bizjournals.com/phoenix/news...-phoenix-redevelopment-projects-rfp.html

Regarding the Regency Garage RFP - it looks like the proposal deadline is Oct. 28.

I noticed the pre-proposal meeting that occurred on 8/20 showed attendees, but I did not see Hines (the best proposal from the last RFP) participating, but several other companies did participate.

[ASU Diablo]

Originally Posted by azliam

Regarding the Regency Garage RFP - it looks like the proposal deadline is Oct. 28.

I noticed the pre-proposal meeting that occurred on 8/20 showed attendees, but I did not see Hines (the best proposal from the last RFP) participating, but several other companies did participate.

Slides 5-6 show the interested parties.

https://www.investinphoenix.com/Documents/Pre-Proposal%20Meeting%20Documents%20-%20RG.pdf

After 10/28, I plan on submitting a public records request to get a copy of each of the submitted proposals. In the past, they have only fulfilled my request until after the recommended proposal was selected.