Tempe Development Thread - Page 341

ASU Diablo · #**6801** Posted **Nov 17, 2016, 5:21 PM**

More great news in Tempe!!

So USA Place may be dead but the Omni Hotel component is not. Wonder if convention center space will also be included?? Also, ASU Surplus Property Land being sold. More housing?

http://www.bizjournals.com/phoenix/news/...plans-72m-greek-housing-development.html

Quote:

Also at today's ABOR meeting, ASU executives will ask the board for authorization to enter into agreements to ground lease and develop 1.6 acres at the southeast corner of Mill Avenue and University Drive to Omni Hotels Corp.

Omni would develop a hotel and has a $19.5 million option to buy the land at the end of the ground lease term, of ABOR officials approve this request.

muertecaza · #**6802** Posted **Nov 17, 2016, 5:52 PM**

Quote:

Originally Posted by airomero83

More great news in Tempe!!

So USA Place may be dead but the Omni Hotel component is not. Wonder if convention center space will also be included?? Also, ASU Surplus Property Land being sold. More housing?

http://www.bizjournals.com/phoenix/news/...plans-72m-greek-housing-development.html

Very interesting developments. I wonder whether movement with Omni has anything to do with the 7th St. Mixed Use hotel kicking into gear.

Here is the plan from the ABOR documents:

So the hotel would be on the corner, and the senior living tower would be next to it along University, with a parking garage behind. Omni hotel says it will be 330 rooms on 1.6 acres, with a 30,000 sq. ft. conference center. I believe the original plans were 13-stories, which sounds right.

ASU Diablo · #**6803** Posted **Nov 17, 2016, 6:09 PM**

Quote:

Originally Posted by muertecaza

Very interesting developments. I wonder whether movement with Omni has anything to do with the 7th St. Mixed Use hotel kicking into gear.

Here is the plan from the ABOR documents:

So the hotel would be on the corner, and the senior living tower would be next to it along University, with a parking garage behind. Omni hotel says it will be 330 rooms on 1.6 acres, with a 30,000 sq. ft. conference center. I believe the original plans were 13-stories, which sounds right.

3 towers all going up within a block from each other. Pretty awesome

ciweiss · #**6804** Posted **Nov 19, 2016, 10:06 PM**

I just got a flyer for a downtown Tempe news site. Hopefully it will carry news on Tempe development. Www.dtnews.us and then you have to select Downtown tempe. Anyway, they have a new video or different version of the Hayden flour mill concept. Pretty cool if it ever happened.

http://www.mylocalnews.us/dt/2016/09/19/...e-hayden-flour-mill-redevelopment-plans/

muertecaza · #**6805** Posted **Nov 21, 2016, 6:14 PM**

More reporting on plans for Aura Watermark:

https://brewaz.com/hot-news/phase-one-of...e-100-million-of-spec-office-and-retail/

Quote:

Tempe – Fenix Development Inc. in Los Angeles, Calif. (David Norouzi, principal) plans to develop a 240,000-square-foot office building, 43,000 sq. ft. of retail space and 1,400 parking stalls in the first phase of the Watermark | Tempe mixed-use project in Tempe. The 14.84-acre site for the live, work and play development is located along the north side of Tempe Town Lake west of Scottsdale Road and just south of the 202 Freeway...

The mixed-use development, which is expected to be developed in three phases, has been designed to include 600,000 sq. ft. of office space in two buildings, 990 residential units, a boutique hotel with 150 to 200 rooms, 43,000 sq. ft. of retail space and multiple parking structures. Construction on phase one is set to start in March 2017, with opening expected by the end of the summer 2018...

Representatives of Fenix Development declined to identify the source, but say financing is in place for the initial phase of the spec office and retail development.

Nelsen Partners is also designing the office, retail and parking structures. Okland Construction in Tempe is the contractor. Plans show 240,000 sq. ft. of office space in eight floors on top of seven levels of podium parking and 20,000 sq. ft. of ground level retail. That building will be connected via a sky bridge 79 feet in the air to another structure that will have seven levels of parking on top of 23,000 sq. ft. of ground level retail space...

In August, BREW reported Trinsic Residential Group in Dallas, Tex. planning to develop a luxury apartment project called Aura at Watermark. That 352-unit complex is being built on a 4-acre parcel that the multi-family developer is buying in a nearly $15 million sale scheduled to close by Feb. 28. The construction timetable for that seven-story building is expected to parallel the first phase commercial portion.

Phase two of the mixed-use project is targeted for a 360,000-square-foot office tower. That structure has one level of below grade parking, seven levels of podium parking and 12 stories of office space. A third phase encompassing a 3-acre parcel at the back end of the Watermark | Tempe property could be developed as a 600 + residential condominiums or another office tower. Those plans will be determined based on demand...

Obadno · #**6806** Posted **Nov 21, 2016, 6:35 PM**

Quote:

Originally Posted by muertecaza

More reporting on plans for Aura Watermark:

https://brewaz.com/hot-news/phase-one-of...e-100-million-of-spec-office-and-retail/

So looking up this project I came upon this

http://ktgy.com/wp-content/uploads/2016/02/University-Mixed-Use-1.pdf

What is this? It just says "university mixed-use" I cant figure out where this is. I want to say that it is the parking lot facing ash, with third street on the north side and 5th street on the south side.

Phxguy · #**6807** Posted **Nov 21, 2016, 6:56 PM**

Quote:

Originally Posted by Obadno

So looking up this project I came upon this

http://ktgy.com/wp-content/uploads/2016/02/University-Mixed-Use-1.pdf

What is this? It just says "university mixed-use" I cant figure out where this is. I want to say that it is the parking lot facing ash, with third street on the north side and 5th street on the south side.

I would agree with the location. I'm more intrigued about the grocery aspect since the Whole Foods project fell off the face of the Earth.

muertecaza · #**6808** Posted **Nov 21, 2016, 6:58 PM**

Quote:

Originally Posted by Obadno

So looking up this project I came upon this

http://ktgy.com/wp-content/uploads/2016/02/University-Mixed-Use-1.pdf

What is this? It just says "university mixed-use" I cant figure out where this is. I want to say that it is the parking lot facing ash, with third street on the north side and 5th street on the south side.

Interesting find! I think you're right on the location--if you look at the aerial, it shows the light rail on the left-hand side, along 3rd St. I remember like a year or so ago there was an FAA obstruction evaluation for towers on the site, but I never saw renderings or anything else. That was right around the same time Bob Parsons bought the land. Wonder whether those development plans are his, or the previous owner.

muertecaza · #**6809** Posted **Nov 21, 2016, 8:20 PM**

Fence going up for 7th Street Mixed Use.

PHXFlyer11 · #**6810** Posted **Nov 21, 2016, 8:31 PM**

Quote:

Originally Posted by muertecaza

Interesting find! I think you're right on the location--if you look at the aerial, it shows the light rail on the left-hand side, along 3rd St. I remember like a year or so ago there was an FAA obstruction evaluation for towers on the site, but I never saw renderings or anything else. That was right around the same time Bob Parsons bought the land. Wonder whether those development plans are his, or the previous owner.

Pretty sure this is the parking lot behind Hayden Square. Anyone see a date on this? Not sure if it's old...

RichTempe · #**6811** Posted **Nov 22, 2016, 1:47 AM**

Quote:

Originally Posted by muertecaza

More reporting on plans for Aura Watermark:

https://brewaz.com/hot-news/phase-one-of...e-100-million-of-spec-office-and-retail/

Although these parcels seem to be slightly to the south of the high tension power lines, I hope this development would necessitate their removal/burying (at least in that section). From the sound of it, the heights of the buildings would be taller than the lines are. Even if they aren't right under their path, I doubt that anyone wants a view of power poles and cables right outside the window of new prime office space. Anyway, fingers crossed!

alexico · #**6812** Posted **Nov 22, 2016, 3:41 AM**

makes me want to move back to downtown tempe again! i left in 2014 and everytime i go back it gets better (currently on 24th and camelback) love this area but a bit quiet at times

Spitfiredude · #**6813** Posted **Nov 22, 2016, 4:21 AM**

^^^ I also left recently (2015). If this stuff is all developed and I am still in the valley, I will definitely purchase one of those high rise condos. The development is about to hit another tipping point. Is the development being fenced off on the University Square lot? I also used to live in the Biltmore/Camelback area. I loved that area too and its also becoming better with more development. Wish they would build a couple high/mid rise apartments out there. More and more options in the valley.

muertecaza · #**6814** Posted **Nov 22, 2016, 7:07 PM**

Quote:

Originally Posted by Spitfiredude

^^^ I also left recently (2015). If this stuff is all developed and I am still in the valley, I will definitely purchase one of those high rise condos. The development is about to hit another tipping point. Is the development being fenced off on the University Square lot? I also used to live in the Biltmore/Camelback area. I loved that area too and its also becoming better with more development. Wish they would build a couple high/mid rise apartments out there. More and more options in the valley.

Yessir, the former University Square lot is the one fenced off.

muertecaza · #**6815** Posted **Nov 23, 2016, 4:15 PM**

Tempe keeping that momentum going. 707 S. Forest is taking another crack at it. They've got a big red sign at 7th/Forest for a 27 (!) story tower, roughly 300 feet, on just .5 acres. Ground floor commercial, below and above grade parking, 320 units for density of 644 du/ac. Proposal is also for less than 1 parking space per bed, which I like. Sorry the picture is shit, it was taken from a car.

exit2lef · #**6816** Posted **Nov 23, 2016, 4:58 PM**

^ Have the current tenants there, like the teriyaki place, vacated yet?

Phxguy · #**6817** Posted **Nov 23, 2016, 6:26 PM**

Don't mean to come off as a pessimist, but how many buildings in the last development explosion were actually built? Always so many ideas (I'm still holding out on 100 Mill) and we always get maybe one or two new buildings out of the dozens proposed.

Don't get me wrong, I want this to happen but I'm not invested. The 7S project is a total surprise but after the USA basketball failure, I'm still wary.

On a development note, what's being built on Rural and Terrace? The Southeast corner where the Midfirst Bank used to be?

Obadno · #**6818** Posted **Nov 23, 2016, 7:35 PM**

Quote:

Originally Posted by Phxguy

Don't mean to come off as a pessimist, but how many buildings in the last development explosion were actually built? Always so many ideas (I'm still holding out on 100 Mill) and we always get maybe one or two new buildings out of the dozens proposed.

Don't get me wrong, I want this to happen but I'm not invested. The 7S project is a total surprise but after the USA basketball failure, I'm still wary.

On a development note, what's being built on Rural and Terrace? The Southeast corner where the Midfirst Bank used to be?

We've been in a solid ongoing boom for Phoenix for a good 3-4 years now, and I don't see any major economic troubles in the near term. I think now that the elections are done you'll see more companies start making moves with the uncertainty settled.

muertecaza · #**6819** Posted **Nov 23, 2016, 8:30 PM**

Quote:

Originally Posted by Phxguy

Don't mean to come off as a pessimist, but how many buildings in the last development explosion were actually built? Always so many ideas (I'm still holding out on 100 Mill) and we always get maybe one or two new buildings out of the dozens proposed.

Don't get me wrong, I want this to happen but I'm not invested. The 7S project is a total surprise but after the USA basketball failure, I'm still wary.

On a development note, what's being built on Rural and Terrace? The Southeast corner where the Midfirst Bank used to be?

Personally I'm not holding my breath on any of the more ambitious projects. I think we've seen that the 5 floor apartment buildings can get built--Velo, Salt, Broadstone Lakeside, Motley, University Village 2, the Senior housing at Apache/101 are all under construction or just finishing. Alta Tempe just sold for like 250k a door, so that type seems to be successful.

With the bigger ones--the Whole Foods, 100 Mill, Aura Watermark, Farmer Arts, 7S, the Pier etc. seems like it will be a slow burn at best. Which makes sense i guess, since they're more complicated projects. But it's encouraging that 1000 Apache and now 7S can still get built.

Rural/Terrace is part of ASUs new Greek housing i believe.

PHXFlyer11 · #**6820** Posted **Nov 23, 2016, 8:48 PM**

Quote:

Originally Posted by muertecaza

Personally I'm not holding my breath on any of the more ambitious projects. I think we've seen that the 5 floor apartment buildings can get built--Velo, Salt, Broadstone Lakeside, Motley, University Village 2, the Senior housing at Apache/101 are all under construction or just finishing. Alta Tempe just sold for like 250k a door, so that type seems to be successful.

With the bigger ones--the Whole Foods, 100 Mill, Aura Watermark, Farmer Arts, 7S, the Pier etc. seems like it will be a slow burn at best. Which makes sense i guess, since they're more complicated projects. But it's encouraging that 1000 Apache and now 7S can still get built.

Rural/Terrace is part of ASUs new Greek housing i believe.

I think The Pier happens if the Yotes arena happens.