Tempe Development Thread

[CB1]

Tempe Crossroads

[CB1]

[CB1]

ISTB 7

[CB1]

[CB1]

I drove by the Pier and it’s about 15 feet up from the ground. Right next to it were KDC is building the office building, there were sketches of the development on the fence and there seems to me some digging action on the south side of the lake next to the Tempe Market Place.

[combusean]

The 777 S Novus Pl building is looking much better than the renderings.

"no student access" on ISTB7 ... SMH they have to put that there.

I like the dirt pile for Crossroads.

[Socalzonie]

CB1, thanks for the pictures. You've been doing a great job keeping us up to date with the visuals lately. I really appreciate it.

[CB1]

Originally Posted by Socalzonie

CB1, thanks for the pictures. You've been doing a great job keeping us up to date with the visuals lately. I really appreciate it.

My pleasure

[CB1]

Originally Posted by combusean

The 777 S Novus Pl building is looking much better than the renderings.

"no student access" on ISTB7 ... SMH they have to put that there.

I like the dirt pile for Crossroads.

Hilarious about the “no student access”. Lol!

[CrestedSaguaro]

Does anyone have access to this article on AZ Central? Curious as to how tall we're talking here.

Tempe may allow taller buildings in exchange for affordable housing, other priorities https://www.azcentral.com/story/news/loc...ow-taller-buildings-downtown/4391642002/

This is all I can get out of it:

Tempe may allow taller buildings in exchange for affordable housing, other priorities. Developers could soon build taller buildings in downtown Tempe in exchange for public amenities and other city priorities. ... provide affordable housing as part of the project. include park space in the development.

[Phxguy]

https://azbigmedia.com/real-estate/big-d...medium=social&utm_campaign=ReviveOldPost

And that’s a wrap, Door Dash signs a full-building lease for the 8-Story building at the Grand at Papago Park.

[Obadno]

Originally Posted by Phxguy

https://azbigmedia.com/real-estate/big-d...medium=social&utm_campaign=ReviveOldPost

And that’s a wrap, Door Dash signs a full-building lease for the 8-Story building at the Grand at Papago Park.

Great sign for the office market!

[ciweiss]

Sorry for the redundant post

https://azbigmedia.com/real-estate/big-deals/doordash-signs-full-building-lease-in-tempe/

BIG DEALS | 18 minutes ago | AZRE
The nation’s leading on-demand food platform, DoorDash, has completed a full-building lease at Lincoln Property Company’s Grand 2 in Tempe, Arizona. DoorDash will move into the Grand 2 building – the second of eight Class A office buildings slated for development by LPC at The Grand at Papago Park Center master-planned development – this Spring.

“Metro Phoenix has been a tremendous place for DoorDash to grow, providing a talented employment pool and a wonderful community in which to work and live,” said Joe Drucker, Head of Facilities and Real Estate for DoorDash. “The Grand is the next chapter of our story, allowing us to consolidate our Phoenix footprint into a single building that is uniquely designed for an active, creative and evolving company like ours. We look forward to being a contributing member of the Tempe community.”

“We appreciate DoorDash’s long term investment in Tempe,” said City of Tempe Mayor Mark Mitchell. “We have seen an influx of Silicon Valley companies bringing their regional headquarters to our community because of the availability of a highly trained workforce, a lower cost of doing business and a tremendous quality of life. We wish DoorDash continued success in Tempe.”

Headquartered in San Francisco, DoorDash launched in 2013 and opened its first regional office in Phoenix in 2016. The Arizona location has quickly grown to become one of the company’s largest offices nationwide, primarily focusing on sales and support functions. DoorDash serves more than 4,000 cities across three countries, including all 50 states in the U.S. as well as locations in Puerto Rico, Canada and Australia. The company has solidified a leadership position in the industry – and as of September 2019 leads the charge with more than 35 percent of the nation’s market share, according to Edison Trends.

“We’ve painstakingly designed Grand 2 with features that work together to serve companies like DoorDash, who represent some of today’s most contemporary companies and their employees,” said Lincoln Property Company Vice President of Real Estate John Orsak. “We’re excited to welcome them to the building and know they will benefit from each one of its carefully planned amenities.”

Located at 1033 W. Roosevelt Way, Grand 2 will be a LEED Silver, Energy Star building developed between April 2018 and October 2019 by LPC, the NAIOP Arizona 2018 Owner and Developer of the Year. The project sits on the immediate north side of the Loop 202 Freeway, minutes from downtown Tempe, Arizona State University, Papago Park and Sky Harbor International Airport.

The Grand 2 building can be accessed via two freeway interchanges and is served by below-ground parking and a covered parking garage, two light rail stops that bookend the project. Together with a location on the north side of Tempe Town Lake, employee commute times can be cut by 30 or more minutes compared to projects on the south side of the Lake.

Grand 2 is part of The Grand at Papago Park Center master-planned project. At build out, The Grand will total 60 acres and 3.2 million square feet of office, multifamily, hotel, retail and restaurant space located on the last developable parcel within the 350-acre Papago Park Center business park.

LPC serves as the developer, leasing agent and property manager for all office space at The Grand. Whiting-Turner is the general contractor for Grand 2 and DAVIS is the architect. Greg Pickett and Tom Jacobs of Cushman and Wakefield represented DoorDash in their lease negotiations. More about The Grand at Papago Park Center is available at www.thegrandtempeaz.com.

[ASU Diablo]

Originally Posted by RonnieFoos

Does anyone have access to this article on AZ Central? Curious as to how tall we're talking here.

Tempe may allow taller buildings in exchange for affordable housing, other priorities https://www.azcentral.com/story/news/loc...ow-taller-buildings-downtown/4391642002/

This is all I can get out of it:

Here ya go!

Developers could soon build taller buildings in downtown Tempe in exchange for public amenities and other city priorities.

The proposal, which should go to the City Council in the new year, would allow developers to build beyond what zoning rules would typically allow if the developers provide one of four options:

Affordable housing as part of the project.
Park space in the development.
Preserve historic buildings.
Use sustainable building practices beyond what's required.
Developers also could pay their way to greater height or density, but it would come with a hefty price tag.

The "development bonus program" could address two issues impacting Tempe — the lack of affordable housing and the loss of historic properties.

Landlocked Tempe has become increasingly urban as it approaches build-out. Residents feel the squeeze of rising costs to rent and buy a home and development pressure has left historic buildings along Mill Avenue vulnerable to demolition.

Tempe wouldn't be the first city in the Valley to use this concept. Phoenix and Scottsdale have similar programs that allow taller buildings.

Tempe developed its program concurrently with an Urban Core Master Plan, which will guide development from Loop 202 in the north to the Union Pacific Railroad tracks in the south and from Hardy Drive in the east to Loop 101 in the west.

Residents and developers got their first look at the bonus plan at meetings last week. The city seeks more input before it’s presented to the City Council next year. Residents have through Dec. 17 to submit feedback on the city’s website.

Thank you for subscribing. This premium content is made possible because of your continued support of local journalism.

How would it work?

To take advantage of greater heights and densities, developers would accumulate points.

The plan is skewed toward priorities the city wants to promote, such as the creation of affordable housing and historic preservation, Chad Weaver, the city’s community development director, said.

Developers could score the most points — 100 — by setting aside a portion of units in a residential project for affordable or workforce housing.

Developers could gain 12 to 18 points for every 0.2 acres or 10% of the net site area that is used as a public outdoor gathering space that includes such elements as shade trees, seating, public art, water features or performance space.

For every $250,000 spent on sustainable features to reduce greenhouse gas emissions or resist extreme heat, a developer could earn 10 to 28 points.

The benefits of historic preservation are more complicated.

Plan would encourage historic preservation

Under the plan, historic property owners who provide the city with a conservation easement that ensures the building is not demolished can earn benefits for use at other properties.

The historic property owner could use the benefits at another nonhistoric property they own in north Tempe, or sell the benefits to another developer in the urban core.

For example, if a 30-foot historic building sits on land that is zoned to allow a 160 feet building, the property owner could transfer that additional buildable height to another property, Weaver said.

Only properties that are listed on a historic registry or are eligible to be listed would qualify.

Weaver said most of the eligible properties would be along Mill Avenue, where many of the historic buildings aren’t protected.

No straight pay to play

To get more bonus points after providing at least one onsite benefit, developers can pay a fee. Fees range from $12,500 to $34,700 per point depending on the type of building and location.

Payments would be funneled to the city’s Affordable Housing Trust Fund.

To discourage a straight pay to play system, developers would not be allowed to solely buy their way to a bonus, consultant Aaron Barker said.

How high would the buildings go?

Under the program, and with the correct number of points, a developer could go from being able to build a 125-foot building to a 160 feet building downtown — the area of the city that currently allows the tallest buildings.

Those building heights could go even higher if the city approves its Urban Core Master Plan, which would allow buildings as high as 250 feet high if the developers have the points and undergo a separate review process.

The Urban Core Master Plan would allow buildings as high as 250 feet in another part of the city, generally east of Rural Road between University Drive and Broadway Road.

The bonus program and master plan separate north Tempe into six zones with varying building heights. The area with the lowest building height is in a residential neighborhood west of Farmer Avenue. The city currently allows building heights of 40 feet there but could go as high as 45 feet under the program.

Will there be buy-in?

Unlike in Scottsdale where developers mostly pay or build art within the projects to add height, developers would be required to provide onsite improvements under the Tempe proposal.

That could make it difficult to get developers on board.

Weaver said the idea isn’t to make development harder or more expensive in Tempe.

The plan would provide developers with the opportunity to make more money off their projects in exchange for the public benefits. If the value of the public benefit is less than the additional value the added height or density will add to the project, then developers are likely to participate, he said.

“Some profit is better than no profit,” he said.

[asugrad]

https://kjzz.org/content/1344221/phoenix...e477c9jOs7KeZ8WUObbeC_z8kP1vCrACdAp-uXX0

[CB1]

Originally Posted by Phxguy

https://azbigmedia.com/real-estate/big-d...medium=social&utm_campaign=ReviveOldPost

And that’s a wrap, Door Dash signs a full-building lease for the 8-Story building at the Grand at Papago Park.

Awesome! Also, it looks like the Grand 3 will be complete 1Q 2021.

https://www.thegrandtempeaz.com/

[azsunsurfer]

Really confused by the Grand. I thought the building they are marketing was going to be leased by that Japanese bank that's next door...maybe that fell through? Also I noticed they are maybe planning an office on the hard corner now instead of a hotel? Also that 4 story building planned next to the apartments appears to be taller now?

[CrestedSaguaro]

Originally Posted by azsunsurfer

Really confused by the Grand. I thought the building they are marketing was going to be leased by that Japanese bank that's next door...maybe that fell through? Also I noticed they are maybe planning an office on the hard corner now instead of a hotel? Also that 4 story building planned next to the apartments appears to be taller now?

Grand seems to always be changing which is not a bad thing if it's changing to keep up with the current office demand. I also noticed there is a new website for the grand with a planned 8 story tower going up next to be completed Q1 2021. Not sure if anyone mentioned the new site before. The old site is still up as well.

https://www.thegrandtempeaz.com/

Edit: Looks like the new website may just be for the Grand 3 office building.

[azsunsurfer]

I noticed today they are pouring the columns for the new pedestrian bridge over University.

[skiesthelimit]

There appears to be a good size of fencing up in the Cornerstone shops next to Canes. I know a few pages back or so there was talk about a Trader Joes coming to the plaza. Was this confirmed? Or does anyone have any insight?