Tucson Development Thread

[andrewsaturn]

Recent meeting from the City of Tucson Infill Incentive District (IID) design review committee regarding the Bautista.

https://www.youtube.com/watch?v=pq2VbeOOOTc&t=4150s

- single story parking garage, 256 Units of housing, commercial, restaurant, and connectivity to the Santa Cruz river.
- proposition to increase the height from 40 to 60 ft.
- IID approved design for the Bautista.
(Not sure when construction is expected to begin)

[southtucsonboy77]

7-Story Mid-Rise Self-Storage facility coming to Grant/I-10

[Locofresh55]

https://realestatedaily-news.com/gat...ge-conversion/

TUCSON, ARIZONA -- The former Gateway Century 12 Theater at 770 N. Kolb Road, sold to developer, Verdad Real Estate & Construction Services for $4 million ($88 PSF).

The 45,556-square-foot building on 6-acres, located south of Speedway, will be redeveloped into a 2-story, climate controlled self-storage facility with approximately 680 storage units.

The buyer plans to add a second story to the 12-screen theater and make the building closer to 90,000-square-foot for the self-storage facility being branded as Extra Storage.

Greg Furrier, a retail broker with Cushman & Wakefield | Picor represented the seller, Texas-based, Century Theatres.

The buyer, Verdad Real Estate & Construction Services is a leading full-service real estate developer and construction services team with nationwide experience based in New Orleans. From site selection to store opening, Verdad specializes in build-to-suit development, funding 100% of its projects. No matter the scope, its comprehensive program meets clients’ needs. Verdad’s team manages the entire process from kick-off to closeout and beyond.

Verdad is currently developing another Extra Space Self-Storage at the former Southwest University of Visual Arts, 2538 N Country Club Road in Tucson, as permits have been applied for a 90,000-square-foot, single story, facility with about the same number 680 climate-controlled units.

“We really like Tucson a lot," said James Montgomery, the self-storage project manager at Verdad Real Estate. "With two projects underway for self-storage, we also have a retail group looking for restaurant re-development opportunities in Tucson.”

[andrewsaturn]

22nd/Alvernon infill development for the vacant land next to Dutch Bros.

Developers: CVP 22nd frontage LLC.

Business: 1412 sq ft. Drive-thru lube and oil facility with Automotive minor service and repair use and also a 1800 sq ft retail/office building.

[andrewsaturn]

Campbell and Speedway project which includes a 20 story building at the NW corner is apparently not dead and is currently in strong negotiations with developers according to ADS article (Credit: Tim Steller of ADS).

What would you like to see as an anchor tenant at this corner?

[AZ71]

Originally Posted by andrewsaturn

Campbell and Speedway project which includes a 20 story building at the NW corner is apparently not dead and is currently in strong negotiations with developers according to ADS article.

What would you like to see as an anchor tenant at this corner?

I would take it with a grain of salt. Tucson is known for having big ideas but no follow through. But if something were to go in...I think that area is in need of grocery store/pharmacy type store. I read an idea that one of those smaller urban Target Express stores could be ideal...and it could. Most UofA students have to go to El Con to go to Target. This would be a lot more convenient and its on the trolley line.

But dont hold your breathe on this being built. If anything, it'll end up a 4-6 story mixed use building with a Starbucks and T-Mobile store. Thats about the extent any developer can financially pull off.

[xymox]

Originally Posted by AZ71

I would take it with a grain of salt. Tucson is known for having big ideas but no follow through. But if something were to go in...I think that area is in need of grocery store/pharmacy type store. I read an idea that one of those smaller urban Target Express stores could be ideal...and it could. Most UofA students have to go to El Con to go to Target. This would be a lot more convenient and its on the trolley line.

But dont hold your breathe on this being built. If anything, it'll end up a 4-6 story mixed use building with a Starbucks and T-Mobile store. Thats about the extent any developer can financially pull off.

I believe Medistar is also the developer for the Central Station two tower project in downtown PHX. One of the towers is aimed for student housing - so this could be legit. Presuming Central Station actually starts going vertical soon...

[Obadno]

Originally Posted by xymox

I believe Medistar is also the developer for the Central Station two tower project in downtown PHX. One of the towers is aimed for student housing - so this could be legit. Presuming Central Station actually starts going vertical soon...

Central Station had its groundbreaking last month, its under construction right now.

[AZ71]

Steve Kozachik (which this is in his Ward 6) said today on the Buckmaster Podcast they he is in support of the location. That the old apartments on the parcel are "old as dirt" and need to be torn down. But he suspects something will be built but probably a smaller scaled version of it. So again, I don't have faith we're going to get a 20-story tower out of it. (Just based on the fact we haven't had a 20-story building built in 35 years)

But at least Medistar has built tall buildings in their portfolio. But it all matters who wants to rent space out. It looks like they built a 22-story InterContinental Hotel next to the Houston Medical Center in Texas. So maybe we can hope for a nice hotel there to service Banner and the UofA...since really all that is there is the Aloft which only has 154 rooms.

[somethingfast]

Originally Posted by AZ71

Steve Kozachik (which this is in his Ward 6) said today on the Buckmaster Podcast they he is in support of the location. That the old apartments on the parcel are "old as dirt" and need to be torn down. But he suspects something will be built but probably a smaller scaled version of it. So again, I don't have faith we're going to get a 20-story tower out of it. (Just based on the fact we haven't had a 20-story building built in 35 years)

But at least Medistar has built tall buildings in their portfolio. But it all matters who wants to rent space out. It looks like they built a 22-story InterContinental Hotel next to the Houston Medical Center in Texas. So maybe we can hope for a nice hotel there to service Banner and the UofA...since really all that is there is the Aloft which only has 154 rooms.

Hey Steve - 20 stories is not *that* tall for a city of 1.1 million...just sayin.

[ZonaRealtor2021]

Originally Posted by somethingfast

Hey Steve - 20 stories is not *that* tall for a city of 1.1 million...just sayin.

So the Corbett project is going to be huge!!!!!
In total over $186 million dollar project after all is finished in two phases
Phase one is now scheduled to be completed in October \ November time frame with pickle ball courts in the middle between the renovated Corbett building and the new love burger.

Phase 2 will be an 8 to 10 story hotel with the entrance coming from inside the renovated corbett building with over 200 stalls of parking, apparently they have been talking to Marriott for a while.
Also huge news they are going to build up to 15 stories tall & around 300 market rate apartments behind the hotel they have apparently been talking to the opus folks and sharing numbers they mentioned several times that the opus project is going to happen soon! They have the hotel projected to be done sometime in 2026

They also mentioned they plan to build a hotel over the depot plaza deck still and apparently the Rialto block is now back on also.

Tabu bar and restaurant seems like a cool new concept coming to downtown with live music and geared towards the 30 and over crowd with a higher price point this concept is coming from bars that are located in México.

RN will now invest $125k dollars for this year‘s dusk music festival to attract bigger headlines and in doing so will become a major sponsor.

They also activated the empty parcels of land on the south side of Broadway near the sunshine mile “activity”.. more information to follow in the next coming months.

Fenton group is getting more money again an additional hundred thousand dollars to finish their roof top bar on top of the Reillys due to cost going up and permitting problems with the city at which McCusker said news to come next month with a streamline process deal potentially made with the city to alleviate that issue for businesses downtown.

There will be pop-up shops coming along empty storefronts on Broadway in downtown.

And a cool project around the El Presidio and Transamerica building to turn some of the streets into outdoor cafés with tons of art, and place making, new lighting, and more huge murals to come it all looked very cool and it’s something that’s been in the works since 2019.

Also disappointing news from McCusker The HBO series Duster will be leaving for New Mexico after HBO Max was bought out by discovery.
He said that there move was solely based on the tax rebates that are available in New Mexico and if the current Arizona film tax bill was passed they would’ve stayed here!
$60 million gone like that

[crzyabe]

Originally Posted by ZonaRealtor2021

So the Corbett project is going to be huge!!!!!
In total over $186 million dollar project after all is finished in two phases
Phase one is now scheduled to be completed in October \ November time frame with pickle ball courts in the middle between the renovated Corbett building and the new love burger.

Phase 2 will be an 8 to 10 story hotel with the entrance coming from inside the renovated corbett building with over 200 stalls of parking, apparently they have been talking to Marriott for a while.
Also huge news they are going to build up to 15 stories tall & around 300 market rate apartments behind the hotel they have apparently been talking to the opus folks and sharing numbers they mentioned several times that the opus project is going to happen soon! They have the hotel projected to be done sometime in 2026

They also mentioned they plan to build a hotel over the depot plaza deck still and apparently the Rialto block is now back on also.

Tabu bar and restaurant seems like a cool new concept coming to downtown with live music and geared towards the 30 and over crowd with a higher price point this concept is coming from bars that are located in México.

RN will now invest $125k dollars for this year‘s dusk music festival to attract bigger headlines and in doing so will become a major sponsor.

They also activated the empty parcels of land on the south side of Broadway near the sunshine mile “activity”.. more information to follow in the next coming months.

Fenton group is getting more money again an additional hundred thousand dollars to finish their roof top bar on top of the Reillys due to cost going up and permitting problems with the city at which McCusker said news to come next month with a streamline process deal potentially made with the city to alleviate that issue for businesses downtown.

There will be pop-up shops coming along empty storefronts on Broadway in downtown.

And a cool project around the El Presidio and Transamerica building to turn some of the streets into outdoor cafés with tons of art, and place making, new lighting, and more huge murals to come it all looked very cool and it’s something that’s been in the works since 2019.

Also disappointing news from McCusker The HBO series Duster will be leaving for New Mexico after HBO Max was bought out by discovery.
He said that there move was solely based on the tax rebates that are available in New Mexico and if the current Arizona film tax bill was passed they would’ve stayed here!
$60 million gone like that

That is a lot of new projects announced! Were any concept images shown?

[ZonaRealtor2021]

Yes i have a few of the Corbett project and tabu bar.
I don’t know how to upload them tho? I was on a business call & forgot to screenshot the renderings for the other projects but they look amazing.

[AZ71]

Originally Posted by ZonaRealtor2021

Yes i have a few of the Corbett project and tabu bar.
I don’t know how to upload them tho? I was on a business call & forgot to screenshot the renderings for the other projects but they look amazing.

Can you supply a link?

[ZonaRealtor2021]

Originally Posted by AZ71

Can you supply a link?

No I screenshot the renderings

[andrewsaturn]

I was able to listen in and screenshot the pics. Here they are:






So the parcel is 3 acres and the north side of it will have the Corbett Building and restaurant. The South side will have the hotel and residential building. As noted, the hotel will be about 8 stories with a proposed 15 story apartment complex. Phase one which includes the restaurant and Corbett building is said to be completed by Nov 2022. Phase two will be the rest and they said it will include 400 spaces for parking.

[andrewsaturn]

Yes, Opus was mentioned in helpful consultation with the development of Corbett's residential development, So I guess Opus is still moving ahead. The location of the old building of Opus's new development site has been razed and a sign with their logo is presently there.

[andrewsaturn]

As stated before, other developments worth mentioning include:

-TABU (128 E Congress) (Gus Taylor building next to Batch)

Mystical food and drinks made with forbidden ingredients. Food and live Music venue.



-Properties on Southside of broadway (Tucson Blvd/Broadway)
Old country home furniture block. They are sending a RFQ for development.

[andrewsaturn]

Originally Posted by ZonaRealtor2021

Yes i have a few of the Corbett project and tabu bar.
I don’t know how to upload them tho? I was on a business call & forgot to screenshot the renderings for the other projects but they look amazing.

I screenshot some of the other ones but Ill upload later

[AZ71]

Originally Posted by andrewsaturn

I was able to listen in and screenshot the pics. Here they are:






So the parcel is 3 acres and the north side of it will have the Corbett Building and restaurant. The South side will have the hotel and residential building. As noted, the hotel will be about 8 stories with a proposed 15 story apartment complex. Phase one which includes the restaurant and Corbett building is said to be completed by Nov 2022. Phase two will be the rest and they said it will include 400 spaces for parking.

Thanks for providing all these. I dont know. I dont think Tucson has a great record of actually completing things. I'll be surprised if any of this gets done...except the pickle ball courts.