PHOENIX | Project Rundown

[azliam]

Originally Posted by Obadno

Yes its currently experience some sort of weird microcosm of hyper growth powered a combination of factors. The Cali Exodus, the cost of property and labor but also the skillset of the population are currently in a magic spot where you can get a decent pay and have a high COL while still being a good deal for businesses from more expensive 1st tier cities.

As a state economy Arizona has fared as one of the best through the Covid/Lockdown Recession, compared to 2008 when we were one of the hardest hit.

The last 10 years saw major diversification of the state economy and its paying off now.

The next 10 years should be very exciting.

Arizona has fared well and the major diversification of our economy has contributed to this. No longer is our economic base defined primarily by construction and tourism. We now have significant strengths across numerous industries like business and financial services, technology and innovation, bioscience and healthcare, aerospace and defense, and advanced manufacturing. Fortunately, Arizona had 9 cities in the top 25 (Gilbert, Peoria, Chandler, Mesa, Scottsdale, Tempe, Glendale, Tucson, Phoenix) of cities in the nation whose August unemployment rates are bouncing back the most.

Full list (Sep 30, 2020): https://wallethub.com/edu/cities-une...t-rates/73647/

The Phoenix metro has been firing on all cylinders throughout the valley. Cranes continue popping up in Downtown and midtown Phoenix like never before, same for Tempe with more projects in the pipeline that are transforming our cores. Industrial development and manufacturing continues to boom, while the metro continues to lure more tech. The Sky Bridge project in Mesa continues and is a gamechanger for e-commerce between the U.S. and Mexico. The light-rail extension continues. Major semi conductor maker Taiwan Semiconductor Manufacturing Co. Ltd.’s $12 billion plant will arrive in the future. Despite Covid-19, it's an exciting time to be in Phoenix, even if it continues to fly under the radar for some.

https://www.constructiondive.com/new...lummet/585423/

https://www.bizjournals.com/phoenix/...n-phoenix.html

https://www.bizjournals.com/phoenix/...o-economi.html

https://www.bizjournals.com/phoenix/...nvestment.html

[delts145]

Love that new Astra Tower!

[Dariusb]

Originally Posted by azliam

Arizona has fared well and the major diversification of our economy has contributed to this. No longer is our economic base defined primarily by construction and tourism. We now have significant strengths across numerous industries like business and financial services, technology and innovation, bioscience and healthcare, aerospace and defense, and advanced manufacturing. Fortunately, Arizona had 9 cities in the top 25 (Gilbert, Peoria, Chandler, Mesa, Scottsdale, Tempe, Glendale, Tucson, Phoenix) of cities in the nation whose August unemployment rates are bouncing back the most.

Full list (Sep 30, 2020): https://wallethub.com/edu/cities-une...t-rates/73647/

The Phoenix metro has been firing on all cylinders throughout the valley. Cranes continue popping up in Downtown and midtown Phoenix like never before, same for Tempe with more projects in the pipeline that are transforming our cores. Industrial development and manufacturing continues to boom, while the metro continues to lure more tech. The Sky Bridge project in Mesa continues and is a gamechanger for e-commerce between the U.S. and Mexico. The light-rail extension continues. Major semi conductor maker Taiwan Semiconductor Manufacturing Co. Ltd.’s $12 billion plant will arrive in the future. Despite Covid-19, it's an exciting time to be in Phoenix, even if it continues to fly under the radar for some.

https://www.constructiondive.com/new...lummet/585423/

https://www.bizjournals.com/phoenix/...n-phoenix.html

https://www.bizjournals.com/phoenix/...o-economi.html

https://www.bizjournals.com/phoenix/...nvestment.html

Wow, that's great!

[Obadno]

City of Tempe (Phoenix's 2nd urban core)

Originally Posted by muertecaza

Big update to the Joint Review Committee on Novus, with a bunch of nice looking construction updates, individual renderings, and projected buildout renderings.

https://www.tempe.gov/Home/ShowDocument?id=86231

Going to post them all behind spoiler tags, as there are a lot:

Construction Updates

ISTB 7:

Athletics Village:

Becton Dickinson/IDEA:

Hyatt House:

Parking Garage:

Aspen House:

Individual Renderings

Low-rise Office:

Micro Units by Hyatt House:

Multi-Use Arena:

Rural/University Office:

Full Build Out Projected Renderings

[clubtokyo]

Nice updates!

[Dariusb]

Cool stuff!

[Orlando]

Fyi, Phoenix's diagram page does not show any of the current projects under construction or proposed. There's a lot of great stuff going on. It would be nice to see that represented in the City Diagram page.

[Dariusb]

Originally Posted by Orlando

Fyi, Phoenix's diagram page does not show any of the current projects under construction or proposed. There's a lot of great stuff going on. It would be nice to see that represented in the City Diagram page.

I have a friend in Phoenix. About time I head back out for a visit and check the area out.

[Obadno]

Phoenix has Approval for a new Tallest building set to break Ground in 2021

A tower that could soon be Arizona's tallest building received final approval Wednesday from Phoenix City Council.

Council approved an amendment that will allow Aspirant Development, a division of Scottsdale-based Empire Group, to build a mixed-use project, called Astra Phoenix, that will include a tower reaching 535 feet at its highest point — surpassing the state's tallest building, the 483-foot Chase Tower on Central Avenue. A second planned tower would reach 380 feet. Apartments and a hotel are proposed for the towers.

Astra Phoenix is planned on 2.8 acres in downtown near Second Avenue and Van Buren Street. The site is currently a surface parking lot and is adjacent to the Downtown YMCA.

On Wednesday, Council also approved realigning the Taylor Street pedestrian paseo through the project between the two towers.

Solomon Cordwell Buenz is the architect of the mixed-use project.

In a panel discussion hosted by the Phoenix Business Journal in September, Nick Wood, a partner at Snell & Wilmer, the zoning attorney for the project, said activity in downtown Phoenix has put the city on the map for capital markets looking for places to invest.

“Phoenix has become a mainstream name when it comes to high-rise development,” he said at the time. “With all of the investment that has been made by the city and state in downtown, it has drawn high demand.”

Phoenix has seen an influx of high-rise construction in recent months, with several apartment and hotel projects under construction. There were 16 tower cranes over Phoenix’s Central Business District in the third quarter of 2020, an increase from nine in the first quarter, according to the latest Rider Levett Bucknall crane count, which tallies tower cranes in major cities in the United States and Canada.

Some More upcoming 2021 projects to go vertical!

The Berger Project Central & Adams (last open lot in the CBD)



Light Rail Central Station, Pre-Construction/Demo Began on Oct 26th



ASU Main Campus in nearby Tempe Building the Sun Devil Hocky Team a permanent arena

[Obadno]

One of two Electric Car Factories being built south of Phoenix.

Lucid Motors:


Nikola is supposed to also be under construction but we will see if that comes to fruition after the highly publicized freak out of their Former CEO

[Obadno]

Cool shot of Phoenix from before WW2 when it was still a farming town. Hard to believe this relatively small city would explode in massive growth just about 20 years later.

This is also proof that, despite popular myth, Phoenix was NOT built in desert but in fact replaced water intensive agriculture uses.

[azliam]

Locolife's photo update:

Originally Posted by locolife

Grabbed some other shots cruising around downtown yesterday. I can't remember all of the project names.



ASU



Jefferson is looking good



Adeline




Link 2



AZ Center hotel



Derby is chugging along



Society Phoenix



View south on 3rd

[locolife]

Tempe continues rising as well

[Obadno]

Some nice new pics curtsey of Crested Saguaro and PHX31

This picture is several weeks old of the construction on the West Side



And some low rise construction form around downtown.

Originally Posted by CrestedSaguaro

Was able to take some update photos of some of the multi-family low-rise developments. Here's a few of them. I didn't take any of O'Neil as it's only on the 2nd level. Sorry for the bad pics. I was in a hurry and all were taken from my car (don't worry, I was parked at each one!).

The Battery:

The Fillmore:

Broadstone Portland:

Portrait Phase II (sorry for the bad pics!):

[clubtokyo]

Nice updates! Love to see that Phoenix is growing!

[PHX31]

Originally Posted by Obadno

Some nice new pics curtsey of Crested Saguaro and PHX31

This picture is several weeks old of the construction on the West Side

For anyone wondering, Phoenix's new tallest building, Astra, will rise in the center-right of this view between the two current taller under construction buildings with tower cranes in this pic.

[locolife]

Originally Posted by PHX31

For anyone wondering, Phoenix's new tallest building, Astra, will rise in the center-right of this view between the two current taller under construction buildings with tower cranes in this pic.

Can't wait for Astra to get going.

[azliam]

Tempe near Mill Ave. courtesy of Jmodrak12:

Originally Posted by Jmodrak12

cool shot down the street from mill.

[azliam]

New Astra renderings courtesy of Crested:

Originally Posted by CrestedSaguaro

Empire has a new website and has posted a couple of sneak peaks of Astra on their new website! Both towers appear to have gone through a few tweaks...more glass on the tallest and less of a jinga looking façade on the shorter tower.

Here's a couple screen grabs I managed to get. Not sure on this, but it appears that the glass kind of morphs from flat at the bottom to angled panels towards the top. The main tower also now goes nearly to the ground level giving it a taller look. Looking pretty good!





Source: https://builtbyempire.com/

[Obadno]

Some newer Shots in Tempe thanks to CB1. All of these multi-family buildings have been built in the last 7 or 8 years. Most in the last 5