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Originally Posted by azcats
Smart...dialed in. I'm encouraged. It has been somewhat distressing for me these last few years that we are headed towards becoming a dangerous, third world country. Looks like the Southeast Valley is becoming L.A.'s version of Orange County - Costa Mesa/ Irvine. I am interested, though, in the growth of downtown Phoenix and hope - even with some setbacks - it can keep growing in a positive way. The last time I was down there, Central Station was a big hole in the ground. I look at the couple of webcams and appreciate when people post photos - updating the progress.
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There are about 7-8 cranes up downtown now, with quite a few new apartments about to come online (5,000 or more would be my guess), the vast majority of these seem to be geared towards high-end "luxury" rentals with some low income % and a few focused on student housing. There are many new restaurants, bars, and other entertainment concepts. We went out for a few drinks last night for a friends birthday, started at Harumi and moved over to a few spots near Roosevelt. Everything was really packed, which didn't used to be the case when ASU is out of school like they are now.
There are some recent articles with numbers illustrating downtown's growth/impact. We all want to see this continue and hopefully it has now reached a critical point to do so.
- About 10 years ago, in 2014, the city found about 10,000 people were living downtown.
- Today about 24,500 people live in downtown Phoenix, and it's projected by 2030, there will be 30,000.
- Projects include building about 2,500 high-density residential units with another 4,000 in planning and development.
- Downtown Phoenix generated an “incredible” economic impact of $21.2 billion in 2022, according to a newly released report.
- The downtown area supported about 140,000 jobs, including about 50,000 high-tech manufacturing employees, according to the report.