Phoenix Development News (3)

[fawd]

Originally Posted by biggus diggus

The owner has no obligation to accept any less than what's in the contractual agreement.

Ok


44 Monroe update: hearing a sizable portion of the building has requested to break lease over the balcony situation.

Building is extending $100 + 10% off rent every month through the end of the year to all current residents in hope of retaining leases. Starting October 1st.

Believe another resident meeting with VP of HSL scheduled for Tuesday regarding the issue.

[ASU Diablo]

The big residential project on SWC of 3rd Ave n Roosevelt is now dead. Such a shame since Forno 301 had to move out but I'm sure they needed the bigger space anyways. These parking lots are such an eyesore too.

[exit2lef]

Originally Posted by airomero83

The big residential project on SWC of 3rd Ave n Roosevelt is now dead. Such a shame since Forno 301 had to move out but I'm sure they needed the bigger space anyways. These parking lots are such an eyesore too.

I've had lunch twice at Forno 301 since the new location opened. Both times, it has been packed. If the evening is the same, they definitely needed the larger space. If demolition of the original site is now delayed indefinitely, maybe the spot vacated by Forno 301 can incubate another good restaurant.

[Phxguy]

Originally Posted by exit2lef

I've had lunch twice at Forno 301 since the new location opened. Both times, it has been packed. If the evening is the same, they definitely needed the larger space. If demolition of the original site is now delayed indefinitely, maybe the spot vacated by Forno 301 can incubate another good restaurant.

Been there for dinner a few times, both at the old location and new location. It's always busy. The patio is open now too which should help free up some indoor tables. One glaring detail about the new location though was how loud it was. Could've been the amount of people or maybe the usage of concrete which makes the new space an echo chamber. Had to practically yell to be heard.

[ASU Diablo]

Couple of interesting updates happening on 10/4. City Council will vote on the sale of the Sheraton. The one that caught my attention is the sale of the parking lot next to Hanny's! Does anyone know more about this???

https://downtowndevil.com/2017/10/02/87206/downtown-digest-week-of-102-108/

[Obadno]

Originally Posted by airomero83

Couple of interesting updates happening on 10/4. City Council will vote on the sale of the Sheraton. The one that caught my attention is the sale of the parking lot next to Hanny's! Does anyone know more about this???

https://downtowndevil.com/2017/10/02/87206/downtown-digest-week-of-102-108/

That is a PRIME spot but I don't think it will get the development it deserves at this time.

[combusean]

That lot is too small to do anything with greater than a few stories--a previous failed proposal would have had a 4 story hotel spilling over the sidewalk. I recall there might have been a height limit on that site, but it might have been rescinded.

[Obadno]

Originally Posted by combusean

That lot is too small to do anything with greater than a few stories--a previous failed proposal would have had a 4 story hotel spilling over the sidewalk. I recall there might have been a height limit on that site, but it might have been rescinded.

There are tiny lots like that getting supertalls in NYC, that's what I mean by "wont get what it deserves" absolutely no demand in Phoenix for what could be an awesome slender high-rise on that corner.

[SunDevil]

Originally Posted by Obadno

There are tiny lots like that getting supertalls in NYC, that's what I mean by "wont get what it deserves" absolutely no demand in Phoenix for what could be an awesome slender high-rise on that corner.

Phoenix can't support NYC level of development. Like, seriously.

[Phxguy]

The Sheraton has finally been sold!

http://www.azcentral.com/story/news/loca...raton-255-million-tlg-phoenix/718118001/

[mdpx]

Originally Posted by SunDevil

Phoenix can't support NYC level of development. Like, seriously.

Obadno made that point in his post.

[ASUSunDevil]

I have a friend in construction that's currently bidding on work for the 29 story apartments (Phase 1) at 3rd St. & Pierce. He says it's getting built

[muertecaza]

Originally Posted by ASUSunDevil

I have a friend in construction that's currently bidding on work for the 29 story apartments (Phase 1) at 3rd St. & Pierce. He says it's getting built

Nice! Thanks for the hot tip.

[azsunsurfer]

So I assume each tower for that project is a different phase? Is the 29 story tower the tallest? Also does anyone have a link to the project's submittal to the City? I don't remember seeing much details about it.

[ASU Diablo]

Originally Posted by Phxguy

The Sheraton has finally been sold!

http://www.azcentral.com/story/news/loca...raton-255-million-tlg-phoenix/718118001/

Some great information in the article:

Once the sale closes, Pillsbury said his team will provide the Sheraton with a major $40 million face-lift.

The hotel is approaching 10 years old — mattresses are sagging, television sets are out of date and other amenities need a revamp. He said each room needs about $3,000 of work.

Pillsbury is also planning a redesign of the bottom floor that will switch up some of the food and dining elements to create a more vibrant scene.

As for the city, the money saved can go toward any purpose approved by the council.

But many speculate that a bulk of the funds will be used for major renovations of Talking Stick Resort Arena, where the Phoenix Suns play.

"(The sale) means that (the Suns) get their arena renovations," DiCiccio said.

The Suns did not return calls for comment.

[biggus diggus]

Originally Posted by ASUSunDevil

I have a friend in construction that's currently bidding on work for the 29 story apartments (Phase 1) at 3rd St. & Pierce. He says it's getting built

this should be expected now that the credit union has finished their new location.

[Obadno]

Originally Posted by azsunsurfer

So I assume each tower for that project is a different phase? Is the 29 story tower the tallest? Also does anyone have a link to the project's submittal to the City? I don't remember seeing much details about it.

AZ central Article /

I don't know the renderings look like they share a single base?



The tiny little pool at Proxy is going to be completely in shadow and towered over from this haha!



I haven't heard much of this but I did see that they moved the Marisol credit union to a new location off of Grand, maybe they've been waiting for that to finish before beginning prep work.

If we could have Block 23, Derby, Stuart, Central Park east, Barrister, the Church Enhance phase two,

Oh my ....

[CrestedSaguaro]

At this point, I see no reason why any these towers would not be built. The market is good, the economy is good and Phoenix is in a huge multi-family upswing. There is a good chance that we are going to see most of these built.

As for the base, I see no reason they will build it all at once. They can build the garage to allow for expansion as needed.

[CrestedSaguaro]

Woody's Macayo is now open in the old Fez location. Walked by today during lunch and it had a full house. It looks like this will be much more su cessful than the old location.

[SunDevil]

Originally Posted by mdpx

Obadno made that point in his post.

Ok, but then why harp on not "getting what it deserves".