Not about to jump in on this food fight, so instead heres some actual development news!!
https://www.bizjournals.com/phoenix/...dJcm0ifQ%3D%3D
Construction of a long-anticipated multifamily housing infill project on Roosevelt Street and Third Avenue is expected to break ground later this summer.
The multifamily housing project, which will be five stories high with 70 housing units, is the newest project by real estate development firm Habitat Metro.
The firm has several existing projects in the downtown Phoenix area including the Found:Re hotel and Portland on the Park condos.
The new project, named Eco Phx, will cater to the “underserved market of environmentally conscientious residents,” according to the developer's website.
Tim Sprague, a partner at Habitat Metro, described the project as “something that has never been built in this community.”
The apartment complex will include environmentally friendly features, including the use of solar energy, water reuse for irrigation and a “carshare program” for residents, said Sprague.
The plans include mixed-use ground-floor retail space and rental units ranging from studio to two bedrooms along with a gym and swimming pool.
Phoenix Business Journal previously reported on the sustainable housing project at the site, located at 301 W. Roosevelt St., back in 2016.
According to Sprague, Eco Phx qualifies under the Opportunity Zone tax incentive program through the city of Phoenix, which aims to attract development and investment in certain low-income neighborhoods.
However, Sprague said that while the apartments will be at market rate, they are “not planning to have affordable housing at this point.”
Demolition on the site began in late May to make way for Eco Phx.
The building, which recently housed Forno 301 and Phoenix Natural Medicine and Detox Center, was constructed in 1948, and operated as a small, independent grocery store serving mostly senior citizens in the area.
The shop was shuttered in 1984 to be converted into offices and retail space, according to the Historic Preservation Office at the city of Phoenix.
In the late 1980s, the building underwent renovations by the property owners, and therefore could not be placed on the Phoenix Historic Property Register. However, there was a 30-day demolition hold, given that the site was over 50 years old, said Michelle Dodds, an officer at the Historic Preservation Office.
Eco Phx is expected to be completed within 18 months. Montana-based Sletten Construction Inc. has been hired to construct the apartments, said Sprague.
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