Phoenix Development News (3)

[biggus diggus]

I never suggested they are call center jobs. I said they are lower wage support jobs. Class A office space is usually reserved for executive and high wage (and their immediate support team) offices.

[CrestedSaguaro]

Originally Posted by biggus diggus

I never suggested they are call center jobs. I said they are lower wage support jobs. Class A office space is usually reserved for executive and high wage (and their immediate support team) offices.

I was replying to multiple posts. A couple of forumers did say call center, so I clarified. Either way, $95,000 per year is not a low wage job which was more my primary point. If you think it is, please hire me for all your I.T. needs!

[Obadno]

Originally Posted by combusean

When I lived there, Phoenix was too regional--GPEC was and probably still is pretty much the G and not the P.

Secondly, Central Phoenix is a shit place to live for families. The schools are garbage and the commute is loooong from places that do have decent schools. Gilbert's are some of the best anywhere.

And as long as Gilbert or any suburb has cheap shovel ready and spec sites like Rivulon with abundant parking, corporate campus users are going to go there--I bet you dollars to donuts they're gonna go to Rivulon. I think it's rare these days for a company to open a branch office of thousands of people in a downtown tower, that's usually reserved for homegrown companies that are invested in the area and building headquarters or there's cachet for being there. Phoenix has made strides but it still has a lot of problems that don't fully outweigh the benefits of locating there. State Farm was a fluke that also depended on a land subsidy.

Finally, I just see accountancy as a stuffy industry that would work well in a bland family friendly area that would call a place like Wildflower Cafe "quirky." I think along with Chase leaving Chase Tower we're seeing the old downtown holdouts of financial companies leaving for the suburbs. Tech and startups who keep coming downtown want to attract younger demographics and they don't mind the older stock of buildings with limited parking.

I’d like to see a mix of tech and finance downtown as they are the big office space drivers of our day. I guess we will see how block 23 does, downtown now has a living reputation hopefully soon we can create a better buisness reputation. Still would like our homegrown companies, Avnet, godddady, carvana, etc with at least some offices downtown.

As far as commutes I don’t think it’s unreasonable for people to live in Gilbert or chandler and commute into the city hour commutes both in the car or on public transit are common in major cities.

For as spread out as we are Phoenicians are surprisingly commute averse

[Obadno]

Looks gimmicky anyone have the text?

https://www.bizjournals.com/phoenix/news...press-coffee-to-build-a-3-5-million.html

Also more on the Nikola move

https://www.bizjournals.com/phoenix/news...tric-semi-truck-startup-hiring-more.html

Great for the west valley

[combusean]

Originally Posted by Obadno

I’d like to see a mix of tech and finance downtown as they are the big office space drivers of our day. I guess we will see how block 23 does, downtown now has a living reputation hopefully soon we can create a better buisness reputation. Still would like our homegrown companies, Avnet, godddady, carvana, etc with at least some offices downtown.

As far as commutes I don’t think it’s unreasonable for people to live in Gilbert or chandler and commute into the city hour commutes both in the car or on public transit are common in major cities.

For as spread out as we are Phoenicians are surprisingly commute averse

If people in Phoenix were regularly facing hour commutes as a trade off for cheaper or better housing, they'd move somewhere else. Traffic and long commutes are a sign your metro is doing well, but that prices people out.

[Obadno]

Originally Posted by combusean

If people in Phoenix were regularly facing hour commutes as a trade off for cheaper or better housing, they'd move somewhere else. Traffic and long commutes are a sign your metro is doing well, but that prices people out.

The metro is doing well

[biggus diggus]

I have a house in power ranch, it's over an hour in rush hour from downtown. I don't believe many people out there ever go downtown, though.

[Phxguy]

As someone who lives downtown and commutes to Chandler everyday, it takes me 20-25 mins in the morning (cause I’m on the I-10 by 5 am) and can take anywhere between 30 mins to 1 hr to drive back home (around 2:30 in the afternoon.) I wouldn’t consider it a bad commute, 18 miles both ways.

On the other hand, traffic is considerably worse in the fall and winter seasons with all the snow birds.

[biggus diggus]

Is anyone able to get the whole article?

https://www.bizjournals.com/phoenix/news...s-coffee-to-build-a-3-5-million.amp.html

[jward145]

Originally Posted by biggus diggus

Is anyone able to get the whole article?

https://www.bizjournals.com/phoenix/news...s-coffee-to-build-a-3-5-million.amp.html

Sorry, I could only get a snippet of it and don't want to get in trouble with copyrights or anything. From what I could read before it locked me out, it will be built at 10443 N 32nd St (32 and Shea), where the CheckSmart used to be. 5600SF so really decent size, but it is a flagship! Expected to open by May 2019.

[downtownphxguy12]

Originally Posted by jward145

Sorry, I could only get a snippet of it and don't want to get in trouble with copyrights or anything. From what I could read before it locked me out, it will be built at 10443 N 32nd St (32 and Shea), where the CheckSmart used to be. 5600SF so really decent size, but it is a flagship! Expected to open by May 2019.

EXCLUSIVE: Press Coffee to build flagship roastery in Phoenix

By Brandon Brown – Reporter, Phoenix Business Journal
Jun 7, 2018, 2:37pm MST Updated Jun 7, 2018, 10:23pm MST
Press Coffee Roasters is continuing its brand expansion across the Valley with a $3.5 million flagship roasting facility near 32nd Street and Shea Boulevard in Phoenix.

This 5,600-square-foot property will serve as the company’s main roasting facility. It will have a retail front end with a full-blown coffee shop, but Press Coffee’s roasting operations will be visible to the public.

“We felt Arizona needed a brand to identify coffee with,” said Jason Kyle, Press Coffee co-owner. “Putting up a state-of-the-art building with state-of-the-art equipment, it seemed like the right time for where the brand is at and where the coffee space is in general.”

A rendering of the interior new Press Coffee Roastery being built in Phoenix.
Enlarge
A rendering of the interior new Press Coffee Roastery being built in Phoenix.
This production facility, which will be at 10443 N. 32nd St. in Phoenix, will double Press Coffee production.

“This will give us space for the next 10 years-plus,” Kyle said.

The roastery will have high ceilings and an industrial feel. Kyle said the company will hold coffee-education classes at the facility for people who want to deepen their understanding of the drink.

Kyle expects the facility to be completed by May.

The Construction Zone LTD is handling general contractor, architecture and design work on the building. While Press Coffee will not own the facility, it has signed a 20-year lease and expects to be there for the long run, Kyle said.

Cold brew at Press Coffee.
Enlarge
Cold brew at Press Coffee.
Press Coffee currently roasts its coffee at 40th Street and Broadway Road. Once the new roaster is up and running, that facility will become dedicated to cold-brew production. Kyle said it will look like a traditional brewery, using the same type of equipment that's used to brew beer. Press Coffee bought a 15-barrel brewing system from overseas for cold-brew production.

“(Cold brew) is just exploding,” Kyle said. “We are busting at the seams, and this will allow us to grow with that.”

Over the last 10 years, cold-brew coffee has grown in popularity and Press Coffee expects that to become a more important part of the company’s revenue.

“If you’re going to lead the way in cold brew, Arizona is not a bad place to do it,” Kyle said.

Since starting in 2008, Press Coffee has grown its retail and wholesale businesses. It has seven Valley locations in Scottsdale, Tempe, Phoenix and Chandler.

[biggus diggus]

Thanks. I ride bikes with Andy some times, will have to remember to ask him about this.

[haux]

A few photos from yesterday afternoon. I had my telephoto lens, so they're tight and flat.



The Stewart is on the 17th floor now. This is a taller floor in the concept art, so it ought to take longer than the other floors. After this, two floors left.


On to the other high-rise going up, The Link.






It's now taller than the Skyline Lofts.


Edit: Here's a closer shot of progress on The Link.

[ASU Diablo]

More great news!

https://www.bizjournals.com/phoenix/news...-developers-cant-build-enough-units.html

Apartment-construction activity is going gangbusters in metro Phoenix, but it still may not be enough to keep up with demand.

With occupancy rates trending toward 95 percent and the area's population growth, an estimated shortage of 32,000 apartment units is expected by 2020, according to a new report by ABI Multifamily Apartment Brokerage & Advisory Firm.

That kind of demand is continuing to attract investors and developers. The Phoenix area has 10,500 apartment units under construction to the tune of nearly $1.4 billion, according to Colliers International.

That's not enough to keep up with demand, especially because Phoenix has been in the top five or higher in population growth during the past five years, said Thomas Broph, ABI Multifamily director of research.

Brophy sees the number of renters increase in metro Phoenix, with 60 percent of the population owning homes and 40 percent renting. At the height of the housing boom in 2006 that ratio was more like 70 percent homeowners and 30 percent renters.

"Which is why for almost five years, there were practically no units delivered," he said. "Construction effectively died."

The 20-year average for area apartment construction was about 5,500 units a year, and was up to 9,315 in 2009, but dipped to 600 units in 2011 and 2012, Brophy said.

The Phoenix market's growth is attracting investors, including New York-based Goldman Sachs Asset Management Private Real Estate, which recently paid $95.1 million for a 341-unit apartment complex near Arizona State University in Tempe.

Los Angeles-based Tides Equities LLC is gobbling up apartments like candy, paying $14.5 million for Riverview Place in Mesa, $37.25 million for the 376-unit Fairways at Cave Creek, $7.5 million for Epic at University Pointe last month and is in escrow on the 167-unit Cabana on Mill.

A joint venture between New York-based Dalan Management and Arizona-based VM Management paid $16.78 million for the 138-unit Seven 805 apartment complex in Phoenix. ABI Multifamily brokerage team of Rue Bax, Alon Shnitzer, John Kobierowski, Eddie Chang and Doug Lazovick represented the buyer and seller in the transaction.

[muertecaza]

Building permit issued today for the adaptive reuse of the First Baptist church at 3rd Ave./Monroe. Should be a cool project, and glad to see creative uses of our few historic buildings.

http://dtphx.org/2017/09/29/historic-mon...-a-mixed-use-community-space-take-shape/

[Obadno]

Originally Posted by muertecaza

Building permit issued today for the adaptive reuse of the First Baptist church at 3rd Ave./Monroe. Should be a cool project, and glad to see creative uses of our few historic buildings.

http://dtphx.org/2017/09/29/historic-mon...-a-mixed-use-community-space-take-shape/

Nice! I thought this was going to ghost off and not get built

[Classical in Phoenix]

Originally Posted by Obadno

Nice! I thought this was going to ghost off and not get built

I drove by the other day and was thinking the same thing. Good to see permits pulled.

[Obadno]

https://www.bizjournals.com/phoenix/news...to-consider-development-for-central.html

Anyone got the unlock this is about the new RFP for central station

[biggus diggus]

The historic building on the NWC of 7th Avenue and Roosevelt (adjacent El Norteno) has a zoning permit hearing sign and it reads "dining room". The girls who own El Norteno also own that building so I'm assuming they're expanding. Exciting, if true.

[Obadno]

Originally Posted by biggus diggus

The historic building on the NWC of 7th Avenue and Roosevelt (adjacent El Norteno) has a zoning permit hearing sign and it reads "dining room". The girls who own El Norteno also own that building so I'm assuming they're expanding. Exciting, if true.

I always thought that building would make a great restaurant location