Phoenix Development News (3) - Page 500

ASU Diablo · #**9981** Posted **Jan 24, 2017, 4:51 PM**

Considering what's being proposed at 3rd St and Pierce (assuming it actually happens), just thinking how that area would look like in the future and how extremely dense it will be. Do we know if The Met will be staying permanently? That development belongs somewhere in the 'burbs. Also, do we know what will be happening to the old Holiday Inn Hotel site on 5th n Fillmore?

Obadno · #**9982** Posted **Jan 24, 2017, 5:15 PM**

Quote:

Originally Posted by airomero83

Considering what's being proposed at 3rd St and Pierce (assuming it actually happens), just thinking how that area would look like in the future and how extremely dense it will be. Do we know if The Met will be staying permanently? That development belongs somewhere in the 'burbs. Also, do we know what will be happening to the old Holiday Inn Hotel site on 5th n Fillmore?

The new Holiday Inn being built over off 10th ave will be replacing it; the new design is far more fitting for a downtown area. So I assume once that is built you will see the origina block up for sale. why a suburban hotel was built in the middle of downtown I have no idea.

As for the Met arent those condos? I think it will take some timem (like 25 years) before any developer is willing to buy out the whole complex and redevelop.

Cheaper land nearby

Also lets not forget the Hampton Inn/17 story condo building going up ont he northern Half of Central Park East

biggus diggus · #**9983** Posted **Jan 24, 2017, 5:18 PM**

Quote:

Originally Posted by Obadno

The new Holiday Inn being built over off 10th ave will be replacing it; the new design is far more fitting for a downtown area. So I assume once that is built you will see the origina block up for sale. why a suburban hotel was built in the middle of downtown I have no idea.

As for the Met arent those condos? I think it will take some timem (like 25 years) before any developer is willing to buy out the whole complex and redevelop.

Cheaper land nearby

Also lets not forget the Hampton Inn/17 story condo building going up ont he northern Half of Central Park East

Are you certain the new Holiday Inn will be replacing the one on 5th Street? They are far enough apart to coexist.

The Met is apartments.

ASU Diablo · #**9984** Posted **Jan 24, 2017, 5:35 PM**

Quote:

Originally Posted by biggus diggus

Are you certain the new Holiday Inn will be replacing the one on 5th Street? They are far enough apart to coexist.

The Met is apartments.

Yeah Holiday Inn on 5th St will be shutting down and moving.

Phxguy · #**9985** Posted **Jan 25, 2017, 9:56 AM**

Any news on what this might be. It's the empty lot on the NE corne of Garfield and 1st St.

biggus diggus · #**9986** Posted **Jan 25, 2017, 4:44 PM**

I can't see your picture but there has been some activity on the NEC of Garfield and 1st lately, lots of guys who look like commercial developer/architect goings on.

Obadno · #**9987** Posted **Jan 25, 2017, 5:00 PM**

Roosevelt is going to start looking really goofy with single stories empty lots and a random 20-story every couple of blocks

PHXFlyer11 · #**9988** Posted **Jan 25, 2017, 5:35 PM**

Quote:

Originally Posted by Obadno

Roosevelt is going to start looking really goofy with single stories empty lots and a random 20-story every couple of blocks

Not sure what you mean by "goofy." Maturing? I think this will only continue and you will see more and more 20 story buildings bridging the gap from the downtown skyline and then scaling down to 5-6 stories as you hit Roosevelt. I'd call it a boom.

Phxguy · #**9989** Posted **Jan 25, 2017, 7:11 PM**

It lists farmers market which leads me to believe some sort of Desoto Market/Phoenix Public Market hybrid is on the way.

pbenjamin · #**9990** Posted **Jan 25, 2017, 7:14 PM**

Quote:

Originally Posted by Phxguy

It lists farmers market which leads me to believe some sort of Desoto Market/Phoenix Public Market is on the way.

Your photos in Dropbox are not working here. 403 error.

Phxguy · #**9991** Posted **Jan 25, 2017, 7:36 PM**

Quote:

Originally Posted by pbenjamin

Your photos in Dropbox are not working here. 403 error.

Ay caramba! Weird, the photo is showing up for me.

Switched it out for a link.

https://www.dropbox.com/home/Downtow...C+19+39+33.jpg

Obadno · #**9992** Posted **Jan 25, 2017, 7:36 PM**

Quote:

Originally Posted by PHXFlyer11

Not sure what you mean by "goofy." Maturing? I think this will only continue and you will see more and more 20 story buildings bridging the gap from the downtown skyline and then scaling down to 5-6 stories as you hit Roosevelt. I'd call it a boom.

I mean for a quite a while it will be in an awkward puberty stage between dense and urban and, well lets be honest, a dead zone.

I guess its like that already but adding some 20+ buildings will make it seem even more inconsistent.

biggus diggus · #**9993** Posted **Jan 25, 2017, 8:52 PM**

Quote:

Originally Posted by Phxguy

Ay caramba! Weird, the photo is showing up for me.

Switched it out for a link.

https://www.dropbox.com/home/Downtow...C+19+39+33.jpg

a password protected link.

Are you trying to post a photo? just upload it to imgur and post the link.

As for what you're seeing, if it says Farmer's Market or Desoto my guess is someone is going to pave the lot for parking. Desoto needs parking.

Phxguy · #**9994** Posted **Jan 25, 2017, 10:06 PM**

Quote:

Originally Posted by biggus diggus

a password protected link.

Are you trying to post a photo? just upload it to imgur and post the link.

As for what you're seeing, if it says Farmer's Market or Desoto my guess is someone is going to pave the lot for parking. Desoto needs parking.

http://imgur.com/Tdmp9IS

And I don't think it's parking.

Obadno · #**9995** Posted **Jan 25, 2017, 10:18 PM**

Quote:

Originally Posted by Phxguy

http://imgur.com/Tdmp9IS

And I don't think it's parking.

Some sort of outdoor bar/farmers market... sounds cool

dtnphx · #**9996** Posted **Jan 25, 2017, 11:34 PM**

Transwestern Venture Buys Site for City Center Apartment at Hance Park

Two phases. First phase apartments, second phase office building and 100+ more apartments

https://brewaz.com/hot-news/transwes...at-hance-park/

azsunsurfer · #**9997** Posted **Jan 25, 2017, 11:46 PM**

That project has been in the works for a while

biggus diggus · #**9998** Posted **Jan 26, 2017, 12:45 AM**

Quote:

Originally Posted by Phxguy

http://imgur.com/Tdmp9IS

And I don't think it's parking.

holy variances.

Obadno · #**9999** Posted **Jan 27, 2017, 7:13 PM**

I found this to be an incredible surprise.

http://www.bizjournals.com/undefined...ice-deals.html

Phoenix, Chicago tops in U.S. for office deals beating Manhattan, LA, Silicon Valley, Seattle, Dallas

Quote:

Phoenix’s commercial real estate market saw 3.14 million square feet of net office space leased in 2016.

Here’s how Phoenix compares to some other big cities for net office leasing in 2016.

City Net office leasing (absorption)

Chicago 3.16M SF

Phoenix: 3.14M SF

Seattle: 2.48M SF

Boston: 2.41M SF

Dallas: 2.21M SF

Salt Lake City: 1.67M SF

Austin: 1.62M SF

Los Angeles: 1.61M SF

Silicon Valley: 1.52M SF

maybe we can see some office development with such a huge amount of demand??.... please

dtnphx · #**10000** Posted **Jan 27, 2017, 9:32 PM**

For Phoenix, I can concur that is a pretty accurate figure, but vacancies are still an issue. Depending on which commercial real estate house you follow, office vacancy is still high at between 16-19%. That sounds high but it has come down a lot in the past 4 years, but still very high compared with other cities on that list. Most new office buildings are for built-to-suit rather than spec builds because there's less demand. That will change if the economy continues to improve.