Posted Aug 1, 2022, 4:23 PM
|
|
Registered User
|
|
Join Date: Jan 2013
Posts: 2,500
|
|
|
Midtown Updates
National developer plans large multifamily complex in historic area of Phoenix
https://www.bizjournals.com/phoenix/news...ric-apartments.html?force_isolation=true
Quote:
A large, midrise multifamily complex is being proposed for a long-vacant site in midtown Phoenix about a year after it was advertised as an infill development opportunity.
City of Phoenix documents show that St. Louis-based Subtext Living, a developer of student and market-rate multifamily projects, has proposed to build a six-story apartment building with 387 units.
The property is located on about three acres along 4th Avenue and Osborn Road and is surrounded by existing, midcentury office, commercial and apartment buildings.
City documents said the proposed development will comprise a mix of studio and one- to three-bedroom units that will range in size from 600 to 1,600 square feet. It will also feature different amenities for residents such as a dog park and a landscaped pedestrian thoroughfare due to the significant length of the building.
|
First look: Renderings unveiled for proposed midtown Phoenix mixed-use project
https://www.bizjournals.com/phoenix/news/2022/08/01/punchcard-phoenix-multifamily.html
Quote:
New renderings were recently unveiled for a proposed housing facility that will turn an iconic Phoenix property into a mixed-use development.
Right now, an 18-story office tower and two 9,000-square-foot rotundas, formerly called the Phoenix Financial Center, sit at the northeast corner of Central Avenue and Osborn Road.
But the iconic mid-century modern facility, now called the Punchcard Building, will soon be joined by a $100 million, seven-story class A multifamily complex with 335 units to the east of the office facility and one-acre park.
The developer of the overall property, Phoenix-based Ironline Properties, is also in the process of renovating several office tower floors, but the historic facade of the office facility and rotundas will remain untouched.
The new 400,000-square-foot apartment building will be developed over an underground parking garage and feature a resort-style pool, outdoor areas, resident coworking spaces, rooftop patios and a two-story volume fitness area overlooking the park. City documents say Mill Creek Residential is the applicant for the multifamily complex, while 3443 North Central LLC is the owner.
"We are especially excited to be part of the larger redevelopment of the Punchcard property," said Tyler Wilson, managing director of Mill Creek Residential, in an email. "The midtown submarket is growing with new retail, residential, health and educational developments and becoming a true mixed-use community. We are thrilled to be a small, impactful piece of this larger puzzle we see fitting together after years of effort by so many individuals and organizations before us.”
The Phoenix Financial Center was built in 1964 by the Henry C. Beck Co. and designed by W.A. Sarmiento. A third phase of the project was slated for an additional office tower but it never came to fruition, city documents said. Ironline Partners is currently considering building a hotel or other building where the second office tower was proposed.
|
Last edited by ASU Diablo; Aug 1, 2022 at 4:53 PM.
|
Prev
Linear Mode
