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Originally Posted by PHXFlyer11
I looked at the file again. It looks like they will actually build the two tallest towers first, the first residential tower and the hotel tower. It is the third and shortest planned residential tower that is phase 2.
Hopefully they see great demand and end up actually building the third tower taller than planned.
The market seems prime right now for a residential tower on the lake. People love the W6 highrises despite their high rents and pool elevators, students, etc. I think there would be demand for a condo or apartment tower on the lake.
Also, I noticed both of the South Bank proposals were removed from the agenda. Hopefully the developer realized they would never get approved at 5 stories and is going back to the drawing board. Wishful thinking probably, but good for Tempe for sticking to their guns. There won't be much land left soon zoned for 300ft, so we need to start building up now.
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1. You mentioned in a different post that you weren't crazy about the design; what do you see as missing? While I'll always prefer subterranean parking, I think the development does a decent job at integrating the podium and using it to break up the scale of the entire project. Overall, the slender towers and distinct podium help create visual interest as opposed to one, chunky tower (see the 2nd version of University Square); while the mix of uses along the ground level break up what could have been a massive superblock. Bringing market rate residential and hotel rooms to the area between College and Mill will help drive retail and other infill development that will complete this section of downtown. University looks great at the ground level, and while Forest and Myrtle are both impacted by garage ramps/loading docks, there was at least attention paid to placing retail at the corners of each in order to prevent an entire block of dead space. Overall, I think the design is pretty ideal for this location.
2. It's disappointing that the 3rd tower will be built in a 2nd phase, as I think creating a continuous block of urban-scale development along 7th between College and Mill is an important connection to be made. However, there is no chance that tower will be reconfigured to be any taller than what is shown in the current proposal; not only was the current height likely stipulated within the approvals, the 3rd tower was sold to the neighboring condo-owners as being the lowest, and serving as a transition to less-intense uses moving north of University. I hope there is a market for high-end residential, or else we'll be stuck with a grass/parking lot for quite some time.
3. I stated this previously, but SouthBank will almost certainly be approved at 5 and 6 stories; The Jefferson (which was approved pending a parking circulation study/confirmation), Vela, SkyWater, and SALT have all been approved at similar/smaller heights. The last proposal was denied for multiple reasons; the height fell into the "fails to meet the intensity of uses designated for the site" rationale, but the new proposals address this by adding a couple of floors, along with a large amount of retail and live/work space that wasn't there originally.
4. I think we'd all love to see a high-rise residential project along the lake, but if there were demand for one, it would have been built. The rental market will never be hotter in Tempe than it was over the last 3 years, and aside from University House, all residential development topped out at 5/6 stories. If prime parcels like the Hanover lot were wasted on single-use 6-story projects, then I think that's a pretty good indication that the market just isn't supporting the added costs of high-rise construction.
I think the latest wave of projects in the 200' range are the most realistic Tempe will be attracting for quite some time. I've said before I am skeptical that all of this hotel demand exists especially with the lack of brand names being linked to these projects, but I also think the rental residential market will begin to saturate fairly soon. I hope all of the proposed projects get off the ground, because Tempe would end up with a nice, midrise skyline extending from University to the lake (though towers on the Hanover and Ash/Uni parcels would've been great) with Marina Heights, HFL, Hayden Flour Mill, 100 Mill, University House, W6, and 7S.
If these projects all get built, Tempe will definitely transition from college town to a diverse, urban market (albeit quite small). With the influx of new office workers at Marina Heights, 100 Mill, and HFL3, along with a more mature retail scene due to the residential projects like Hanover and 7S, hopefully Tempe will be positioned well to take advantage of the next condo boom. I think the "Hayden Harbor" and SouthBank properties will almost certainly see the highest residential developments in the city at some point.