Phoenix Development News (3) - Page 355

TakeFive · #**7081** Posted **Apr 3, 2015, 5:39 AM**

Quote:

Originally Posted by biggus diggus

hello, long time stalker here, curious if anyone has renderings of 11 Capital Place and 12 Capital Place. I've been searching quite a bit and only came up with two of them which aren't that great.

Also, why is it 11 Capital place? Is there some significance here?

The retail component looks nice, maybe it's going to be all banks and financial businesses.

Thanks for deciding to post... this, and WELCOME to the fun. I had recently tried to find out was happening with this project. So it is under construction then.

Tylerrrr · #**7082** Posted **Apr 3, 2015, 5:43 AM**

Every new angle of Portland on the Park makes me love it even more! The first phase is already pretty visible when driving eastbound on the I-10... this second phase is going to make a much larger impression when completed. Can't wait!

http://downtownphoenixjournal.com/20...-break-ground/

TakeFive · #**7083** Posted **Apr 3, 2015, 6:08 AM**

^ That will be awesome!

Quote:

Originally Posted by Obadno

HOLY SHIT!

This is what IM talking about so many residential projects going up its like 07-08 all over.

I would prefer these smaller 3-6 story buildings filling in the empty lots around Roosevelt etc. Once there is more density bigger buildings will come. This is the kid of development Phoenix needs to encourage!

HOLY COW (lol)

It's like an infectious disease. First one neighborhood catches it and then it spreads to another neighborhood, then another... pretty soon there's an epidemic downtown.

PHX31 · #**7084** Posted **Apr 3, 2015, 3:34 PM**

Quote:

Originally Posted by TakeFive

It's like an infectious disease. First one neighborhood catches it and then it spreads to another neighborhood, then another... pretty soon there's an epidemic downtown.

TakeFive, do you live in Denver or Phoenix?

Jjs5056 · #**7085** Posted **Apr 3, 2015, 4:55 PM**

Quote:

Originally Posted by Tylerrrr

Every new angle of Portland on the Park makes me love it even more! The first phase is already pretty visible when driving eastbound on the I-10... this second phase is going to make a much larger impression when completed. Can't wait!

http://downtownphoenixjournal.com/20...-break-ground/

I agree. This might be the best project to come to downtown (or the area immediately adjacent to it)... ever? I think only Roosevelt Square would come close. I'm so excited that out of all the proposals, this one is a definite "go."

The height will be impressive and fill in the downtown - midtown gap ever so slightly; and, the overall design is awesome, from the townhomes and lofts giving a pedestrian scale to the street, to the yellow "nest" on the 3rd or 4th floor, to the commercial space lining Portland that will play off nicely with the retail at Roosevelt Square (like FEZ). I think it's also fair to say that this project is what spurred the redevelopment of the hotel next door to move forward (scheduled to open this fall), and when both are complete, this really will be the most urban and beautiful part of the city IMO. If only the hideous buildings across Central were redeveloped into a project with a ground-level grocery...

TakeFive · #**7086** Posted **Apr 3, 2015, 6:08 PM**

Quote:

Originally Posted by PHX31

TakeFive, do you live in Denver or Phoenix?

Yes

My primary residence is in David Schweikert's district.

Off Topic for this weekend's discovery. I stumbled upon the most awesome music video. It started with the creation of a post on another blog like this:
Looking back...

The next part started out like this:
Thinking out loud...

Just for grins I did a search using those three words. Anybody ever heard of Ed Sheeran? I had not - but all I could think of was:

Courtesy of hsgv.weebly.com

Posted in early October the video now has nearly 379 million views and it looks like its still generating 2-3 million views a day. I've probably watched it 15-20 times myself. (lol)

I know, dumb post. But the video isn't. Give it a try and enjoy the weekend.

Tylerrrr · #**7087** Posted **Apr 4, 2015, 7:36 PM**

Not sure if this update has been posted yet.

On March 25 the city council approved funding to move forward with the next phase of the Hance Park Redesign. Sounds like the next phase will determine a more accurate and detailed budget, solidify the park design, and generate a timeline for construction.

Check out the article here: http://downtownphoenixjournal.com/20...-move-forward/

Also, here is the full report from the first phase of planning http://hanceparkconservancy.org/wp-c...ort-public.pdf

phxSUNSfan · #**7088** Posted **Apr 4, 2015, 7:39 PM**

Doing away with almost all of the parking lots that line Culver St! Awesome.

CrestedSaguaro · #**7089** Posted **Apr 5, 2015, 6:20 AM**

Quote:

Originally Posted by PHX31

Also of note: Looks like the construction of The Union is even more imminent... there was a temporary sprinkler system that had watered down the lot, presumably for dust control.

Went by tonight. Construction equipment is on site and dirt is moving. Great to that lot finally developing!

biggus diggus · #**7090** Posted **Apr 5, 2015, 12:32 PM**

What are they building at fourth and Pierce? They tore down a bunch of stuff and now there are guys doing work on the ground and a dpr construction sign is up.

exit2lef · #**7091** Posted **Apr 5, 2015, 1:24 PM**

Quote:

Originally Posted by biggus diggus

What are they building at fourth and Pierce? They tore down a bunch of stuff and now there are guys doing work on the ground and a dpr construction sign is up.

A new apartment complex is going up on the block bounded by 4th, McKinley, Pierce, & 3rd.

biggus diggus · #**7092** Posted **Apr 5, 2015, 1:32 PM**

Is it anything interesting?

Jjs5056 · #**7093** Posted **Apr 5, 2015, 6:22 PM**

Yes. Probably the 2nd-best project (after Portland on the Park) is being built there.

It is by Tilton Development, and will feature 5 floors with 10 live/work units facing 4th and McKinley both. The facade has been broken up to give the allusion of multiple developments, and the parking is completely screened. The garage is entered via the alleyway, meaning minimal curbcuts = great ubran environment.

Live/work spaces are nearly 100% occupied downtown and are a great way of activating areas while providing affordable space for artists and small businesses.

http://azbex.com/live-work-apartment...ntown-phoenix/

azliam · #**7094** Posted **Apr 6, 2015, 12:54 AM**

Quote:

Originally Posted by Tylerrrr

Every new angle of Portland on the Park makes me love it even more! The first phase is already pretty visible when driving eastbound on the I-10... this second phase is going to make a much larger impression when completed. Can't wait!

http://downtownphoenixjournal.com/20...-break-ground/

I really like this shot as well:

http://downtownphoenixjournal.com/tag/hance-park/

Buckeye Native 001 · #**7095** Posted **Apr 6, 2015, 4:57 AM**

I don't have anything worthwhile to add except to say that rendering is pretty damn impressive.

nickw252 · #**7096** Posted **Apr 6, 2015, 2:14 PM**

Portland Place units are posted for sale on Redfin with pictures and floor plans.

biggus diggus · #**7097** Posted **Apr 6, 2015, 3:36 PM**

Just looked and they are above my pay grade. It seems like there might be a market for some run-of-the mill average priced apartments/condos downtown, but maybe I'm wrong.

Does everything really need to be $1300 rents and $400,000 purchases?

gymratmanaz · #**7098** Posted **Apr 6, 2015, 3:38 PM**

So what actually will be done in Hance Park in this phase? The overall plans look amazing, but I am not sure what will get done and when it will be started?

westbev93 · #**7099** Posted **Apr 6, 2015, 3:41 PM**

I don't want to speak for the other poster, but I think the point was more of a grammatical one. Phoenix is the capitol of AZ, not the capital. If anything, it is a fitting tribute to the quality of our education system.

Quote:

Originally Posted by Jjs5056

^ As for Capital Place, they are located on 11th and 12th Streets and Washington, just east of downtown. As far as I know, there is no retail included on the ground level (a post on the last page alluded to retail and banks/financial institutions). No clue on the name - I remember at one point the developer talked about the neighborhood taking on the name "Capital Place" and people here being annoyed because it already has a name, Eastlake.

Related Project
There was a site review planned for 4/1 for: The Presidential: A development located on the northeast corner of 11th Street & Jefferson Street. It's from the same original property owner as Capital Place(s) and the name suggests that 'Capital Place' was chosen as one in a series of a theme that plays off Phoenix being the capital of the state, the Presidential streets of downtown, etc. The project includes 90 condo units in 4 stories being built between Washington and Jefferson. The Jefferson frontage contains 6 live-work units while the Washington frontage includes shell space for commercial/retail uses.

http://lrarealestate.com/wp-content/...ential-PUD.pdf

PHXFlyer11 · #**7100** Posted **Apr 6, 2015, 3:42 PM**

Quote:

Originally Posted by biggus diggus

Just looked and they are above my pay grade. It seems like there might be a market for some run-of-the mill average priced apartments/condos downtown, but maybe I'm wrong.

Does everything really need to be $1300 rents and $400,000 purchases?

Not really a fair statement. There is a 1BR for $241K. Which means they'd probably take $220K or so.

I am curious what the HOA dues are...