Project Profile: Cambria Hotel

Overview

  • Project Name: Cambria Hotel
  • Location: 222 E. Portland Street, Phoenix, AZ
  • Type: Hotel
  • Status: Under Construction
  • Expected Completion: Late 2019
  • Last Update: 26-Oct-2018
  • Developer: True North Studio
  • Builder: UEB Builders

Project Details

  • 127-room luxury hotel
  • This will be the third Cambria Hotel in Phoenix
  • Located in the Evans Churchill Neighborhood
  • Amenities to include:
    • Spa-style bathrooms
    • Fitness center
    • Onsite dining with specialty beers and cocktails
    • Rooftop pool and bar
    • Multi-function meeting space
  • Project Webcam: https://ueb.net/webcam47.html

Project Profile: Kenect Phoenix

Overview

  • Project Name: Kenect
  • Location: 355 N. Central Ave, Phoenix, AZ
  • Type: Mixed-Use (Residential/Retail)
  • Status: Under Construction
  • Expected Completion: Fall 2019
  • Last Update: 26-Oct-2018
  • Developer: Akara Partners
  • Builder: UEB Builders

Project Details

  • 23 Stories (285 feet est.)
  • 320 Residential Units (Studio to 3-bed)
  • 8,000 Square Ft. Ground Floor Retail
  • Amenities to include a fitness center as well as a rooftop deck with a swimming pool, fire pits, and grill area.

Project Profile: Phoenix Central Station

Overview

  • Project Name: Phoenix Central Station
  • Location: 300 N Central Ave, Phoenix, AZ
  • Type: Multi-Use
  • Status: Proposed
  • Expected Completion: March 2023
  • Last Update: 18-Oct-2018

Project Details

  • 300 Market-Rate Residential Units
  • 150-room Hotel
  • 217 Student housing units with a 600-student capacity
  • 35,350 square feet of office space
  • 47,350 square feed of ground-floor retail/restaurant space
  • 3 structures: 300′, 200′, ~50′

Project Profile: 201 Van Buren

Overview

  • Project Name: ?
  • Location:  SW corner of Van Buren and 2nd Avenue (201 W. Van Buren)
  • Type: Mixed-Use
  • Status: Proposed Construction
  • Expected Completion: ?
  • Last Update: 05-Nov-2018
  • Developer: PMG
  • Builder: ?
  • Design Contractor: Kimley-Horn & Associates

Project Details

201 W. Van Buren is a yet-unbranded 2-phase residential project by Chicago-based PMG group under an updated GPLET development contract with the City of Phoenix.

The project will consist of 2 towers approximately 275 ft. tall, each containing about 300 residential units and 20,000 sq. ft. of ground-floor retail. Between them, the agreement also calls for 1000 parking spaces indended to to serve the nearby Orpheum Theater, along with various other improvements.

Note: The current rendering was done for the previous design. An updated one is not yet available.

Quick Facts

  • 2x 275′ towers
  • 600 Total Residential Units
  • 40,000 sq. ft Retail/Office
  • 1000 Parking spaces

New developer,  New design

The agreement is an revised version of one that Phoenix entered into in 2012 with Chicago-based Golub Corporation. Unfortunately Golub was never able to execute on that project due the Great Recession. They have transferred the property to another Chicago developer, Property Markets Group (PMG), to move forward with it.

The original agreement outlined a single high-rise tower with 300,000 sq. ft. of commercial space, 650 parking spots, and ground-floor retail.

To move forward with the conveyance of the property to the new developer, the City of Phoenix proposed new terms.

The changes reflect the updated priorities and market reality in the years since 2012. Commercial space is drastically reduced to 40,000 sq. ft., replaced instead with 600 residential units. Parking is slightly increased, with Phoenix wanting to provide parking for events at the nearby Orpheum theatre. The agreement also carries forward the original GPLET agreement, which was negotiated prior to the 2018 update by Arizona’s legislature that restricted the program’s use after it generated a lawsuit related to another project.

A booming downtown

Downtown has become a hotbed of growth since the end of the Great Recession, adding over 3500 residential units since 2010, with another 5100 in development. Even still, the projected increase is not likely to keep pace with demand. Phoenix ranks 5th nationally in fastest-growing rents, rising 4.4% since 2017, more than twice the national average of 2%. (Data from DTPHX and RentCafe)

The growth is driven in parts by improved economics, the metro light rail, ASU Downtown, and the emerging preferences of Millennials and Baby Boomers alike for a more urban, walkable style of living.

The new agreement calls for construction to begin within 24 months, with an allowance for an additional 12 months if PMG needs it.

Update 11/5/2018 – Post updated to include the design firm and to reflect the address found on design & permit documents.

Project Profile: Berger Project

The Berger Project will be a 20-story multi-use tower located at Central and Adams, on the Southeast corner. New Orleans-based Berger Holdings bought the lot from the City of Phoenix in June for $2.8M. Berger won the bid over another development company which offered $700k more for the lot, but planned to build a 12-story hotel with no office space.  Phoenix opted for the Berger offer due to the multi-use and higher-density aspects of their plan, as well as a higher number of projected permanent jobs (230 over 45). Berger Holdings is partnering up with Sunbelt Holdings, which has a well-established presence in the Valley, for the project. Sunbelt has completed such projects as Marina Heights, the 20-acre complex along Tempe Town Lake.

The tower, will cost approximately $62 million and include 200 hotel rooms, 20 hospitality suites, 2 floors each of parking and office space, and 6100 square feet of ground-floor retail. In addition, the project will make targeted pedestrian and sidewalk improvements to promote walkability along Adams St, which the City considers an important tourism corridor.

Project Profile: Arizona Center’s Palm Court Tower

The Palm Court Tower is a project taking place on the Arizona Center property at the Northeast corner of Van Buren and 5th Street. It will consist of a 31-story Residential tower on land converted from what is now a grass lawn bounded by palm trees.

The building will cost $100M and will be designed by Will Bruder Architects. It will include 350 residential units ranging from studio to three bedrooms in size. The structure will also include 6 levels of parking, a ground-floor courtyard, and a swimming pool terrace.

Quick Facts

  • Address: 440 E. Van Buren
  • Type: Residential
  • Floors: 31
  • Units: 350
  • Height: About 375′
  • Expected completion: 2019

Arizona Center Update

The Palm Court Tower project is in addition to a $25M renovation currently underway at the 90’s-era Arizona Center. The multi-use facility was built during an earlier renaissance in downtown Phoenix that eventually fizzled out for lack of one essential ingredient: downtown residents. Come 2018 and that’s all changed.

The Arizona Center renovation, coupled with the new residential tower, signals a new chapter for a property that had become a cautionary tale.

Not only has there been an absolute explosion in terms of downtown housing in the last 6 years, but the Palm Court Tower will add 350 families who will need to look no further than the first floor of their own complex for a drink, coffee, entertainment, or a bite to eat.

 

Above: The Arizona Center, as it opened on Nov. 19th, 1990. Below: A rendering of what the Arizona Center is to look like after the current renovation.

Project Profile: The Link PHX

The LINK PHX is a 30-story residential project by Chicago-based CA Ventures that is going up at 3rd St and Pierce streets. The building will add 257 units and approximately 7000 square feet of retail space to the area around Roosevelt row and the ASU campus. Once complete, the structure will be one of the tallest in Arizona.

Each of the luxury units will include 9-foot ceilings, stainless steel appliances, quartz countertops, floor-to-ceiling windows, and in-unit laundry. 17 additional penthouses will include higher-end finishings as well as private balconies. Residents will also have access to a fitness center and a rooftop pool, deck, and grilling area.

The project is the first of a planned three-phase development that will consist of over 600 residential units and 20,000 square feet of retail.

  • Address: 702 N. 3rd St.
  • Floors: 30
  • Residential Units: 257
  • Office/Retail: 7000 sq. ft.
  • Scheduled Completion: Aug-2019
  • Type: Luxury Residential w/ 1st Floor Retail
  • Phase 1 of 3 planned.
  • Project Webcam: https://ueb.net/webcam34.html

Project Profile: Block 23

Block 23, located on the Northeast corner of 1st St and Jefferson, is the site of a multi-use project currently under construction by RED Development and Streetlights residential.

The multi-use project will add approximately 330 apartments to downtlwn, as well as 200,000 square feet of office, restaurant, and retail space. In addition, the area will get its first grocery store.

Block 23 has quite the history, being the site of Phoenix’s first city hall, as well as the beautiful art-deco Fox Theatre, as well as a J.C. Penney’s. For more on the history of the block, ThisCouldBePHX has a great write-up here.

Project profile: The Stewart

The Stewart is a 19-story residential high rise currently being built at 800 N. Central Ave (Central/McKinley). The building will provide 312 units of transit-oriented living and 9000 square feet of retail to the Roosevelt area.

The Stewart will also include partial sections the original building that housed a 1940’s Studebaker dealership as well as a long-running record store (1972-2009)

The dealership was unique in that it featured a glass-encased rotating vehicle carousel right on the corner.

The project generated some controversy when, in the midst of negotiations with the city and community over historic preservation, the developer suddenly demolished sections of the building, rendering it ineligible for inclusion into the National Register of Historic Places.

Construction is due to be complete in late 2018.

  • Address: 800 N. Central Ave
  • Residential Units: 312
  • Retail/Office: 9000 sq. ft.
  • Floors: 19
  • Type: Mixed Use (Primary Residential)
  • Project Webcam: https://ueb.net/webcam30.html