Posted Sep 19, 2018, 11:12 PM
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Registered User
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Join Date: Dec 2017
Posts: 46
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Phoenix Business Journal has a timeline update today: (Paywall)
https://www.bizjournals.com/phoenix/news...eal-when-to-expect-downtown-phoenix.html
Quote:
Downtown Phoenix is on track to have a grocery store by the fourth quarter of next year.
RED Development began construction on Block 23 at First and Washington streets in April 2017 and has kept on pace with the original construction timeline, said Jeff Moloznik, vice president of development at Red, during a presentation to Arizona Commercial Real Estate Women.
The development will bring a much-anticipated Fry's Food Store to downtown Phoenix, which required some creative design to accommodate food deliveries and parking.
Barry Shannahan, executive vice president of acquisitions and development at RED, said the building's ground level, which will include Fry's as well as other commercial space, had to be designed to allow a truck to drive through into an interior loading area from Washington Street, drop off goods and exit onto Jefferson Street.
However, city code only allowed loading on Second Street, so they had to get approval from the city's design review committee to build curb cuts for truck access, Moloznik said.
"Our deal hinged on something that took a great deal of effort to get the community to understand why it was important to this grocery store", he said.
The Fry's will share the ground floor with other retail and lobby space. Supporting services for the store, such as storage and employee break rooms, will be underground, and parking for customers will be above the store in a parking garage.
The store will have an elevator system separate from office and residential uses, and shopping carts will use a warehouse elevator to bring merchandise to customers' cars in the parking garage.
The apartment complex will contain roughly 330 units, mostly less than 1,000 square feet in size.
Moloznik said rents for the units will be comparable to others in the area, which rent at just above $2 per square foot. The apartment tower, the tallest part of the development, will reach 13 stories. Developers expect the apartments and office spaces to be ready for tenants by first-quarter 2020.
Downtown is seeing a surge in apartment construction with no end in sight. The Stewart, a 19-story tower under construction at McKinley Street and Central Avenue, is expected to open early next year, while work continues on a nearby 30-story project called Link PHX. Several other developments remain in the pipeline.
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TL;DR: Fry's open by end of 2019, other tenants in by Q1 2020.
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