Gracie’s Village to be redeveloped in Tempe
Phoenix Business Journal
Date: Thursday, June 16, 2011, 10:49am MST
A Wisconsin developer plans to take on the complete redevelopment of a 60-year-old storefront where Grace Community Church of the Valley currently operates a thrift store.
Gracie’s Village in Tempe is a public-private partnership between Gorman & Co. and Grace Community Church. Also involved are the U.S. Department of Housing and Urban Development, the Arizona Department of Housing and the city of Tempe.
The nearly 100,000-square-foot project, scheduled to break ground in March 2012, will include a mix of ground-floor community facilities and a new thrift store, plus 74 units of affordable housing on five floors above the shop.
Located along the Metro light rail line at 1520 E. Apache Blvd., the new building will be solar-powered. The developer is seeking certification through the Leadership in Energy and Environmental Design program based on its use of green building technologies.
The mix of 672- to 1,064-square-foot units will rent for $397 to $611 a month.
The project architect is RNL of Phoenix.
In addition to the thrift store and apartments, there is a community room, medical clinic, cafe, playground and picnic area.
The new community is expected to open in March 2013.