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Originally Posted by AJphx
Anyone know what's going on with the (Car-free) development Culdesac in Tempe? The website, etc., state that it is coming in 2021. Well, I went past the site today and it most definitely is not coming in 2021. (I presume "coming in" to mean completed and not starting construction.) The very large site, which is surrounded by banners on the fences saying Culdesac 2021, is a completely empty dirt lot. In fact, I couldn't see any trace of any materiel or even a single vehicle or piece of equipment.
The reason it came to mind is that the local Tempe bike advocacy group, TBAG, is having a bike ride/crawl between a few restaurants and it is apparently being organized by Culdesac with TBAG, per a facebook post. I thought it was maybe a bad sign that the project clearly won't be finished in 2021 and three months in they haven't updated their projected timeframe publicly in marketing.... yet they are still doing a marketing event with local groups?
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I’m not sure if it’s a bad sign, but I don’t really know what to make of it. Culdesac continues to be active on social media, and I heard an interview with one of their staff recently on a local podcast. Then, there’s this event. They’re definitely trying to stay in the public eye, but the most critical activity, a groundbreaking, has yet to be announced. I’d probably be even more worried if there were complete radio silence, but I am having some doubts about the viability of this project.
To be clear, it’s not that I think Tempe can’t handle an apartment building without parking for everyone. It’s more that I don’t think the best route to that has to be a hyped megaproject. A more realistic route may be allowing all new buildings to be built without mandated parking minimums. Few would choose to have zero parking, but some would build at less than a 1:1 ratio and unbundle the parking from rent. The market tends to move in small incremental steps rather than dramatic changes all at once.
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