Tag Archives: Uptown Phoenix

Phoenix among top housing markets to watch in 2019

2019 Housing Market Outlook In Phoenix, AZ

Phoenix will be one of the top housing markets to watch in 2019, according to a report from real estate website Trulia.

The analysis, released Thursday, highlights the 10 markets poised for growth in the coming year. Phoenix ranks No. 7 on the list, just behind Fresno, California and ahead of Columbia, South Carolina. Colorado Springs, Colorado topped the rankings.

Trulia examined the 100 largest U.S. metropolitan areas, measuring each on five metrics including job growth over the past year, vacancy rates, starter home affordability and percentage of the population under age 35.

The Valley’s strong job growth, 2.9 percent, in the past year, along with starter home affordability and low vacancy rates helped the market attain its spot in the rankings. According to Trulia, residents in Phoenix spend just 33.7 percent of their income on housing, which signals strong starter home affordability in the market. The Valley also has a ratio of 1.3 of inbound vs. outbound searches on Trulia’s website. That means more people are interested in moving to the market than those searching to move away.

Trulia’s report also zeroed in on the hottest neighborhoods in each top market. In the Valley, it’s Agritopia in Gilbert, which saw home values appreciate 14.6 percent year over year. Homes in the neighborhood also saw the average number of days on market drop by 18 days, according to Trulia.

As the local economy has continued to add jobs and grow, the housing market around Phoenix has seen a healthy year in 2018. Several homebuilders have scooped up land for new communities and restarted once-dormant projects to meet demand. A recent housing study found existing home prices climbed nearly 6 percent in October.

Millennial’s are said to be some of the hottest first-time homebuyers in Phoenix.

Growth (Rank)	Vacancy Rate (Rank)	Share of Income Needed to Afford Median Priced Starter Home (Rank)	Ratio of Inbound-to-Outbound Home Searches on Trulia (Rank)	Share of Population Under 35 (Rank)	Overall Score
1	Colorado Springs, Colo.	3.3% (8)	4.8% (35)	35.4% (63)	1.8 (17)	23.6% (8)	26.2
2	Grand Rapids, Mich.	2.0% (22)	3.7% (16)	23.2% (34)	1.1 (41)	21.7% (30)	28.6
3	Jacksonville, Fla.	2.0% (24)	4.2% (26)	23.4% (35)	2.4 (7)	20.7% (52)	28.8
4	Bakersfield, Calif.	0.6% (56)	6.4% (68)	14.3% (6)	2.3 (8)	23.1% (12)	30.0
5	Austin, Texas	2.5% (14)	3.4% (12)	45.0% (79)	1.1 (47)	24.4% (4)	31.2
6	Fresno, Calif.	1.6% (32)	3.5% (13)	47.1% (81)	1.6 (22)	22.6% (16)	32.8
7	Phoenix, Ariz.	2.9% (9)	4.0% (20)	33.7% (59)	1.3 (32)	20.9% (47)	33.4
8	Columbia, S.C.	0.4% (69)	6.1% (63)	13.7% (5)	2.1 (12)	22.3% (20)	33.8
9	El Paso, Texas	1.0% (51)	5.5% (48)	33.5% (58)	2.4 (6)	23.2% (11)	34.8
10	Oklahoma City, Okla.	2.0% (20)	6.9% (76)	21.1% (27)	1.3 (33)	22.3% (21)	35.4
Note: Rankings from among the 100 largest metros.

Whether you’re looking to buy a single-family home in Phoenix, AZ, a Historic Phoenix home, or, If the condo lifestyle is something you’re considering, or, if it’s all you can afford now, please give me a call for free, no obligation consultation. I specialize and LOVE working with first-time homebuyers and am am FIRM believer that THERE IS NO SUCH THING AS A STUPID QUESTION. I’ll take all the time with you that you need!

Downtown Phoenix’s Growing Popularity is Pricing Out Many Residents

10-28-2018 Courtesy, in part, azcentral

Downtown Phoenix’s Metro housing boom is blanketing the area with thousands of new apartments and condominiums.

But the rents and prices for the new homes will shut the door on some who want to live in the area. and home prices in historic neighborhoods in and around downtown Phoenix are soaring as the area becomes more popular, further limiting Metro Phoenix potential buyers.

“It’s heartbreaking that the teachers and those working in the area’s hotels and cafes can’t afford to live in downtown,” said Cindy Dach, downtown Phoenix proponent, resident and business owner. “The area won’t be diverse unless we plan housing for everyone.”

Some affordable housing is planned in the city’s core, but not enough, say housing advocates. Building affordable housing in the area is tough due to rising land prices.

“We need the entire spectrum of housing in downtown Phoenix,” said Patricia Garcia Duarte, CEO of the housing non-profit Trellis. “Many people forget affordable housing is needed to create a healthy community.”

Luxury, luxury and more luxury in Metro Phoenix Phoenix, AZ

Most of the 8,000 apartments recently built, underway or planned in downtown Phoenix are in luxury complexes with rents higher than the average Valley mortgage.

The average apartment rent in downtown Phoenix is $1,608, according to ABI Multifamily. The average apartment rent for a one bedroom for the entire city of Phoenix is $1,050.

Millennial Adrian Zaragoza rented in downtown Phoenix’s Roosevelt Row neighborhood for five years before buying a new condo in the area’s Portland on the Park development last year.

“I saw rents rising, and the chance to buy a condo before those prices climbed too,” he said.

Zaragoza said all of the new development going on downtown “is exciting,” but he’s glad to be his own landlord and not dealing with rent hikes.

If too many apartments go up and don’t fill up fast, rents could fall in downtown Phoenix.

Also, though rents are high in downtown Phoenix, they are still $50 to $100 lower a month than rents in downtown Scottsdale and Tempe.

Can you still find an affordable house In Phoenix, AZ?

Aysia Williams and Benjamin Hughes rented in Phoenix’s Woodland Historic District, on the western edge of downtown, for about a year before trying to buy their first home.

“We fell in love with the area, but saw prices and rents climbing fast,” Williams said. “We knew we wanted to buy, but there was a lot of competition for the houses we liked.”

Woodland is part of the 85007 ZIP code, one of central Phoenix’s more affordable neighborhoods. The area, which has also attracted many investors, saw its overall median home price climb 10 percent to more than $192,000 in 2017. Sales in the area jumped nearly 20 percent last year.

The couple’s house, for which they paid less than $250,000 a few months ago, was never even listed for sale. They were renting in the neighborhood and searching for a home they could afford when they met a longtime homeowner who didn’t want to sell to an investor.

People talk about the gentrification of central Phoenix pricing too many first-time homebuyers out. Buyers can still find affordable homes if they look hard enough.

Home prices in most other historic neighborhoods around downtown Phoenix are much higher. Prices in nearby the nearby Roosevelt historic district and Willo historic neighborhood can easily top $500,000.

Housing downtown workers can afford

Phoenix Housing Director Cindy Stotler said downtown Phoenix has 1,001 affordable units which is more than most people realize.

The issue is that those units are reserved under federal law for “very low-income” individuals who have a median annual income of $14,000-$38,000.

Stotler said the real downtown housing gap is in “workforce housing,” for middle-income individuals who make $38,000-$48,000 annually. These individuals would have to pay nearly 50 percent of their income to afford living in market-rate housing downtown which is not reasonable or sustainable, she said.

“To me, the area that we’re missing in downtown is the working people’s housing. And people who are not like a lawyer or something and making a lot of money, but they’re just average working people,” she said. “There’s no regular housing for them. We’re not building that.”

To get workforce housing downtown, the city likely won’t be able to rely on traditional developers, Stotler said.

Land prices are high, which makes it difficult for developers to offer middle-income rents and still turn a profit on their projects, she said.

Garcia Duarte said financing is also difficult for more affordable housing, which deters some developers from building it.

Stotler is looking to city-owned land in downtown as a possible solution to this issue. She hopes to find developers or non-profit groups that may be able to build middle-income housing on these lots.

Affordable housing to market-rate

Phoenix’s housing department owns and operates three affordable housing properties in the downtown core.

Deck Park Vista: Located at Third and Moreland streets, Deck Park Vista has 56 subsidized senior apartments. The average household income is $17,848 and only two of the units qualify as workforce housing.
Ambassador West: This complex located near Van Buren Street and Fifth Avenue has 102 units. The average household income is $24,159 and only 28 of the units qualify as workforce housing.
Reflections on Portland: This small, 18-unit complex at Second and Portland streets has five workforce housing units. The average household income is $35,245.

Stotler would like to take some of the city’s housing projects and redevelop them as denser projects with more units available for middle-income households.

For example, Deck Park Vista is a garden-style apartment complex with just 56 units on two acres of land. Stotler said she could fit between 200-400 units on the land.

“It’s a poorly designed project for the downtown,” she said.

Stotler said the city has 10 other senior housing options across Phoenix, including some near downtown, like the Warehouse District, where the current residents could be moved to accommodate a new multistory project on the land with 200 workforce units and 50 affordable units.

Financing the project won’t be easy. While the city gets federal assistance to provide low-income housing, there are far fewer resources to build and provide middle-income housing, Stotler said.

“That’s where I’m struggling right now, is where we can get the funding to build all these workforce units,” Stotler said.

Pressure to build affordable In Phoenix, AZ

In most large cities, particularly those on the East Coast, it’s common practice to require developers who build market-rate housing to contribute to an affordable housing trust fund, which allows the city to build affordable housing.

Phoenix can’t do this. State law prohibits cities from creating such trust funds, Stotler said.

Instead, the city council can, and has, put pressure on developers to include a percentage of affordable or workforce housing in its projects if they want special perks from the city like a tax break or extra height.

Recently, the developer of an apartment project planned at the Arizona Center agreed to reserve 10 percent of its 354 planned units for workforce housing in exchange for a tax break.

Downtown Phoenix Skyline Changing Thanks to Housing Construction, Jobs

Aug 5, 2018

The downtown Phoenix region is changing rapidly, thanks in large part to thousands of new apartments being built as well as scores of new tech jobs landing in the area.

The downtown area is receiving a boost from 2,000 apartments that have been finished during the past two years and will get another 3,000 during the next few years, according to a story from Azfamily.com.

Building high-rise apartments and condos started prior to the Great Recession, with towers such as 44 Monroe on the northeast corner of First Avenue and Monroe Street. But that building came to a halt as the real estate economy cratered.

Two apartment complexes, the Stewart and the Link, both under construction, will bring roughly 569 apartments to downtown within the next two years.

During the past few years, more apartments have come online, and current building is slated to add more than 10,000 apartments during the next year.

The continued rise of Phoenix as a place to live is fueled by an increasing number of technology and other jobs in downtown. The city has more than 300 tech firms within the downtown area which also are surrounded by amazing Historic Districts, compared with 67 in 2012, according to city officials.

If the condo lifestyle is something you’re considering, or, if it’s all you can afford now, please give me a call for free, no obligation consultation. I specialize and LOVE working with first-time homebuyers and am am FIRM believer that THERE IS NO SUCH THING AS A STUPID QUESTION. I’ll take all the time with you that you need!

New Metro Phoenix Condo Sales Soar, Will Prices Keep Climbing?

Is the Phoenix Metro Condo Boom Back?

July 31st, 2018

A stabilizing housing market and population gains will help Arizona’s economy expand faster than the nation’s again this year, though the gap will narrow, according to a forecast released April, 2018. Condo sales in Phoenix, AZ booming as a result.

These are the key findings:

Another year of solid growth: Arizona’s economy, which expanded 2.6 percent in each of the past two years, is poised to grow 2.7 percent this year, according to the forecast by BMO Capital Markets.

Wages are a big part of it: Personal income in Arizona has historically lagged, but the state seems to be catching up a bit. Wage growth in Arizona, up 7.4 percent over the past four quarters, is running at one of the fastest paces in the nation, according to the report.

Then there’s housing: Two of Arizona’s largest employment sectors, real estate and government, have exerted a drag on the state’s economy. However, heady population gains and a low foreclosure rate bode well for real estate.

“The Arizona housing market is still battling the effects of the 2008 housing crisis but could finally be normalizing after a prolonged recovery,” wrote economists Michael Gregory and Priscilla Thiagamoorthy of BMO Capital Markets in Toronto.

Expanding population helps: Housing and other sectors of the Arizona economy have been aided by an influx of residents for the state.

“If population continues to grow and labor market conditions tighten, the state may have a greater need for housing supply,” and condos are becoming extremely attractive, according to the report.

Arizona’s population recently passed 7 million, with the state adding about 80,000 more net migrants last year.

Another recent report, from the International Franchise Association, identified Arizona as a top-five state for franchising activity this year, an indication that small businesses could do better partly due to population growth.

U.S. picture improving: Arizona’s gains come against the backdrop of a strengthening U.S. economy.

The nation’s economy grew 1.5 percent and 2.3 percent in 2016 and 2017, respectively. BMO expects that will improve to 2.6 percent this year.

“The dominant (national) theme is improving manufacturing prospects prodded by increasing business investment stoked, generally, by late-cycle capacity constraints and tax cuts,” wrote Gregory and Thiagamoorthy. “Factories are also benefiting from expanding exports, reflecting stronger global growth and a weaker U.S. dollar.”

OPEN HOUSE AT REGENCY ON CENTRAL IN DOWNTOWN PHOENIX UNIT 2001

This Saturday, from 1pm-3pm, Laura Boyajian, Listing Agent and REALTOR at Wise Choice Properties for Unit 2001, is holding another open house for residents and the general public at the Regency House, also known as Regency on Central. This newly designated historic high-rise sits in Ashland Place Historic District and is just flat out stunning!

Come to 2323 N Central Ave., Phoenix, AZ 85004 In Midtown Phoenix and say HELLO! MLS # 5782288

The first one was a huge success and SO much fun! Many of you came & met for the first time, and others who knew each other hung out, drank wine together and chatted like a fun party!

Come check out the MARVELOUS views of this 20th floor unit from one of the TWO balconies, and, check out the amazing, timeless, stylish and highest-of-end remodel possible!

The views from this unit in the sky are absolutely incredible and we hope you’ll join us for some wine & Hors d’oeuvres. For more information, feel free to call Laura Boyajian anytime at 602.400.0008. We look forward to meeting you!

Whether you’re buying or selling a home in Central or Downtown Phoenix, or just have some questions about anything at all in or about any one of the historic districts in Phoenix, I’d be very happy to help you! Just call or email me anytime. THERE IS NO SUCH THING AS A STUPID QUESTION!

Renovated Burton Barr library set to reopen after flood damage

The city’s main library was devastated by a flood last monsoon. The $10 million renovation includes a larger children’s area and more community space in the Downtown & Central Phoenix, AZ area

phoenix,burton barr,library,real,estate,historic,books,agent,central,neighborhd

Workers put the final touches at the Burton Barr Central Library, which will be open to the public on Saturday after a year-long renovation sparked by a catastrophic failure in the building’s sprinkler system that flooded much of the building.

But don’t worry, many of visitors’ favorite aspects of the library are the same.

This week, the sounds of vacuums and power tools echoed throughout the branch. Librarians stacked books while IT professionals installed computers.

“This is a beloved resource in Phoenix,” Phoenix Public Library Community Relations Manager Lee Franklin told The Arizona Republic.

The storm

In July 2017, a windstorm caused the library’s roof to shake and release dust. The building’s smoke-detection system confused it for smoke and caused the fire-sprinkler system to be filled with water.

The sprinkler heads did not activate but water came out of the holes, causing damage to all five of the building’s floors and part of the book collection. No one was in the library during the flooding.

During the renovations, the fire suppression system and roof were replaced.

More space, accommodations

When walking into the renovated library, people will notice many of the same features and services.

“We are ready to be back in business and offer a significant increase in service,” Franklin said.

Franklin said the staff understands the community’s love of the former library and didn’t want renovations to change it drastically. But there will be some new things.

Throughout the library, visitors will find more computers and convenience outlets near desk areas. The library replaced flooring and tabletops.

The biggest changes were made to the children’s section, College Depot and MACH areas.

The children’s space, on the first floor, is larger: a bigger story-time area, bigger collection and an upgraded First Five Years area.

Franklin said before the storm, the library had been planning to update the College Depot on the second floor.

Now, the space has a computer lab that can hold 66 people and a large meeting room.

“We are now able to offer more sessions and accommodate more people,” Franklin said.

The area can host visits from experts, GED classes, workshops and summer camps.

On the fourth floor, the MACH area was significantly damaged by water. The area, also known as the space for makers-artists-crafters-hackers, caters to people who want to learn more about STEM.

The area now has two computer labs and a designated 3D-printer room.

An additional service at the location will be the seed library. Franklin said Burton Barr librarians realized the program was successful at other locations and wanted to bring it downtown.

Phoenix library flood’s damage tally: 6,000 books

The library’s fifth floor

The pipe burst above the reference section on the fifth floor.

Franklin said when replacing the section, staff researched which resources were used the most.

Some resources were not able to be replaced due to being out of publication. Therefore, computers were added to the area so visitors can search digital versions.

Franklin said the library staff like to call the floor “the great reading room.”

Also, the room’s metal pillars offer visitors the opportunity to see how the building’s architecture interacts with sunlight.

The pillars point to skylights in the ceiling, which highlight the sun’s ascent.

Franklin said the library will honor the summer solstice on June 21 because the midday effect of the pillars is most pronounced on that day.

Rare books and art

Franklin said many people in the community were concerned about the rare books in the library. None of the books or the Washington handpress were harmed, she said.

The room’s floor was replaced with more durable material and the tables can now be moved around.

During the first days of accessing the damage, crews saved art work from the property.

Burton Barr is home to more than 30 art pieces on permanent display and a gallery space. The gallery will continue its exhibit schedule with the reopening.

Franklin said art pieces were shown at City Hall during the renovations.

Reopening details

The library will open at 9 a.m. Saturday.

The day’s activities include story times, a fairy-tale princess visit, activity stations and a magician in the Children’s Place from 9 a.m. to noon.

Visitors can visit the rare books room from noon to 3 p.m. and print a keepsake on the century-old Washington handpress, or spend the afternoon learning about coding or how to build a droid.

Historic Phoenix Sees Major Rejuvenation ‘Between the Sevens’

Some of Phoenix’s most desirable neighborhoods to live can be found in an area that’s commonly referred to as “between the sevens,” which is the region between Seventh Avenue and Seventh Street throughout Downtown, Midtown and Uptown Phoenix.

Home to historical neighborhoods like “The Windsor,” prominent office buildings and iconic retail centers, the area between the sevens is also becoming an increasingly attractive place to work and play as new commercial real estate projects take shape, blending modern needs with the area’s rich history.

The latest projects range from adaptive reuse transformations of a former grocery store and other businesses into multifamily communities or trendy bars and restaurants. It also includes the modernization of older office buildings to meet current standards with lots of natural light, high ceilings, large open floorplates and easy connection to amenities.

Whether its people or companies, everyone is looking for a connected place that’s walkable, vibrant and linked to other amenities and uses, says City of Phoenix Economic Development Director Christine Mackay.

In addition to providing great transit options such as light rail, buses and the Grid Bike Share program to get around, Midtown and Uptown also boasts incredible dining and shopping options as well as prime office locations for major corporate companies.

Mackay says the rejuvenation of Midtown started in 2016 when Banner Health moved its corporate headquarters to the Banner Corporate Center on Thomas and Central Avenues.

Banner retrofitted an old building, bringing it to the 21st century, explains Mackay, which signaled to other large corporate tenants that the area and surrounding communities would support regional and/or national headquarters.

From there, the 2828 North Central building renovated its bottom floor to include a co-working shared space that’s currently occupied by Mod Phoenix. Meanwhile, the owners of the 2020 On Central building renovated all of its lobbies and shared spaces, which eventually led Facility Source to lease office space.

“Those three things really set the stage for other building owners to come in and start making dramatic changes,” Mackay says.

Now, Midtown is experiencing office renovations across the board because so many of the existing buildings were constructed in the 1970s and 80s.

Mackay also describes an incredible and growing demand to live in Midtown and Uptown. “It’s cultured. It has night life, distinctive dining and pretty much everything is local. It’s exactly what people are looking for today,” she says.

In addition to new office product and multifamily units, the area between the sevens has also seen a surge in new retail projects as it’s becoming more widely well-known as a foodie hotspot with an eclectic and tasty mix for restaurants and bars.

Mackay says, “The restaurants, culture and nightlife is really what’s drawing people into this Central City to live.” In fact, she says, there are not less than 100 restaurants in that area for people to choose from.

Mackay points to the success of projects like The Yard, along Seventh Street and Missouri Avenue, as an example of the pent-up demand for restaurants nearby, which has spurred other retail and dining destinations to follow like The Colony, built by LGE Design Build in 2016.

Looking ahead throughout Midtown, Mackay says, the renovations of Park Central Mall is “the last missing piece before the area returns to full throttle.” Meanwhile in Uptown, she predicts, the completion of Arrive Phoenix will “really prove the market and show what a destination hotel looks like in that area.”

ARRIVE Phoenix

DEVELOPER: Vintage Partners; Venue Projects

GENERAL CONTRACTOR: Venue Projects

ARCHITECT: Arrive Hotel & Restaurants

LOCATION: 400 & 444 W. Camelback Rd., Phoenix

SIZE: 45,000 SF; 79-rooms

VALUE: $20M

START/COMPLETION: Q1 2018 – Q4 2018

Located at what’s been called the Valley’s “hottest intersection” by the Urban Land Institute of Arizona, the project transforms a trio of mid-century gems into Uptown Phoenix’s newest dining, entertainment and urban hotel hub. The two-acre site will also host a boutique coffee shop, poolside taco bar, gourmet ice creamery, and nautical-themed rooftop craft cocktail bar featuring 360-degree city views. For the project, Vintage Partners teamed up with Venue Projects, the visionary developers behind The Newtown and other successful adaptive reuse projects like Windsor/Churn and The Orchard along Central Avenue.

First Place-Phoenix

DEVELOPER: First Place AZ

GENERAL CONTRACTOR: hardison/downey construction

ARCHITECT: RSP Architects

LOCATION: 3001 N. Third St., Phoenix

SIZE: 81,525 SF; 56-units

VALUE: $15M

START/COMPLETION: January 2017 – March 2018

The $15 million residential property for adults with autism and other neuro-diversities will be a first-of-its-kind facility that First Place AZ plans to expand into a worldwide model. First Place AZ Founder, President and CEO Denise Resnik started the nonprofit to ensure that housing and community options are as bountiful for people with autism and other neuro-diversities as they are for everyone else. The project provides a one-of-a-kind approach that combines apartments, a residential training program and a national leadership institute to advance more independent and community integrated living options.

The Curve at Melrose

DEVELOPER: P.B. Bell

GENERAL CONTRACTOR: M.T. Builders

ARCHITECT: Studio 15 Architecture Inc.

LOCATION: 4333 N. Sixth Dr., Phoenix

SIZE: 204-units; 308,618 SF

START/COMPLETION: August 2016 – Early 2018

The Curve will consist of 204-luxury apartments in a vibrant and eclectic urban Melrose District neighborhood positioned within walking distance of Indian Steele Park, light rail as well as numerous locally owned shops and restaurants. Included in the property’s luxury amenities are several that were selected by public vote in 2015, which include a resort-style pool and spa along with an outdoor kitchen and gas grills. P.B. Bell also worked with the Seventh Avenue Merchants Association on plans to reserve three display windows at the property to spotlight community-curated work and displays.

The Osborn

DEVELOPER: Trammell Crow Company; High Street Residential

GENERAL CONTRACTOR: Chasse Building Team

ARCHITECT: ESG Architects

LOCATION: SWC of Seventh Avenue & Osborn Road, Phoenix

SIZE: 190-units; 45,000 SF (retail)

START/COMPLETION: July 2017 – August 2019

The Osborn is a mixed-use grocery anchored retail shopping center and multifamily development. The project sits on a 5.96-acre site located in the heart of Midtown Phoenix where the city’s oldest Bashas’ grocey store, originally built in 1956, used to be located. The site benefits from immediate adjacency to many major employers, desirable affluent neighborhoods, abundance of social venues and high visibility with over 50,000 vehicles passing per day.

Uptown Plaza

DEVELOPER: Vintage Partners

GENERAL CONTRACTOR: Kitchell

ARCHITECT: Nelsen Partners

LOCATION: 100 E. Camelback Rd., Phoenix

SIZE: 116,787 SF

START/COMPLETION: 2014 – June 2016

The Valley’s first retail center located outside of Downtown Phoenix is being restored to its former glory and street appeal as a result of wall-to-wall renovations over the last three years. The property’s renovation aims to restore this iconic shopping center — originally constructed in 1955 by the Del Webb Co. — to its stylish brick-lined, mid-century roots and appeal. The 11-acre renovation includes restoring the original brick façade, adding new landscaping and successfully securing a variety of local, regional and national tenants like Shake Shack, Lou Malnati’s Pizzeria, Huss Brewing Company’s flagship taproom, Creamistry, Flower Child and more. The latest phase included updates to the exterior of AJ’s Fine Foods.

The Grid

DEVELOPER: ABI Multifamily

GENERAL CONTRACTOR: Alexander Building Company

ARCHITECT: Corgan

LOCATION: 5227 N. Seventh St., Phoenix

SIZE: 16,281 SF

VALUE: $3M

START/COMPLETION: Q4 2017 – Q2 2018

The two-story adaptive reuse project will transform the former Uptown Phoenix office building into a refreshed Class A office for ABI Multifamily on the top floor and co-working space on the first floor. A large multipurpose room will be used for entertaining, training and a yoga room open to the community. The design repurposed raw industrial materials, while still maintaining a sleek modern feel. In addition, a perforated metal canopy and second skin will be added to create new dynamic exterior spaces while protecting the building from the harsh summer sun of the desert.

Dignity Health Third Avenue Parking Garage Expansion

DEVELOPER: Dignity Health

GENERAL CONTRACTOR: JE Dunn Construction

ARCHITECT: GLHN Architects & Engineers

LOCATION: 2929 N. Third Ave., Phoenix

SIZE: 177,000 SF

VALUE: $11M

START/COMPLETION: December 2017 – July 2018

While the area’s public transit options like buses, light rail and Grid bikes have made commutes easier, parking is often a top-concern for companies and tenants considering a move to the Central City. That’s why the Dignity Health’s St. Joseph’s Hospital and Medical Center in Phoenix is embarking on a campus-wide parking solution that will add approximately 500 new spaces.

Park Central

DEVELOPER: Plaza Companies; Holualoa Companies

GENERAL CONTRACTOR: DPR Construction

ARCHITECT: richärd+bauer architecture

LOCATION: 3121 N. Third Ave., Phoenix

SIZE: 337,000 SF

VALUE: $57M

START/COMPLETION: Q4 2017 – Fall 2018

“Our goal is to transform Park Central into a truly innovative and exceptional work environment for companies in the ‘New Economy,’” says Sharon Harper, president and CEO of Plaza Companies, which also led the the successful transformation of the Los Arcos Mall in Scottsdale into the ASU Scottsdale Innovation Center – SkySong. As Phoenix’s first-ever mall, Park Central benefits from an exceptional location and unique retail history. In total, 337,000 square feet will be revitalized into several distinct districts, each with its own identity.

If you are interested in a free consultation to see if buying a Phoenix home is a better option for you, please call or email me today. You may be surprised at what you learn. I have access to programs that offer down-payment assistance with money you do not have to pay back.

Whether you’re buying or selling a home in Central or Downtown Phoenix, or just have some questions about anything at all in or about any one of the historic districts in Phoenix, I’d be very happy to help you! Just call or email me anytime.

Willo Historic Home Tour returns February 11, 2018

The history and charm of downtown Phoenix’s historical neighborhoods will be on display at the 30^th Anniversary Willo Historic Home Tour & Street Fair. Sponsored by The District PHX, from 10 a.m. to 4 p.m. February 11 in the historic Willo Historic Neighborhood, attendees can view 13 historic residences and a fire station museum, and the street fair features a classic car show, beer/wine garden, live music, food trucks and more than 80 vendors. Advanced tickets are $18 and can be purchased at WilloPhx.com or on-site the day of the event.

Visitors to the Willo Historic District will experience a variety of architectural styles including Bungalow, Tudor Revival, Greek Revival, American Colonial Revival, Spanish Colonial Revival, Pueblo Revival and Ranches. The Willo neighborhood is located between Seventh and First Avenues, north of McDowell and south of Thomas. Once considered the suburbs of Phoenix, Willo is comprised of 22 subdivisions developed by various entrepreneurs from the early 1900s through the 1940s.

“Now at 30 years, the Willo Historic Home Tour is Phoenix’s largest and longest running historic home tour, reflecting an enormous amount of pride Willo residents continue to have for their neighborhood,” said Don Vallejo, co-chair of the 2018 Willo Home Tour Committee. “This all-volunteer festival represents our main fundraising activity for the non-profit Willo Historic Neighborhood, providing funds for neighborhood events, improvements and beautification.”

The District PHX is the main event sponsor and helps foster the collaboration between neighbors and investors to restore, improve and revitalize the charm of Phoenix neighborhoods. The organization works with homeowners who need or want to sell their home quickly, regardless of the reason. At the same time, The District PHX helps neighbors protect their most important asset, their home, by revitalizing or rebuilding the property completely in harmony with the existing neighborhood.

WHAT: 30^th Anniversary Willo Historic Home Tour

WHEN: 10 a.m. to 4 p.m., February 11, 2018

WHERE: 3^rd Avenue and Monte Vista Road in the Willo Historic Neighborhood, Phoenix

TICKETS: $18 in advance at WilloPhx.com and $20 at the event. Admission to the Street Fair is free.

For tickets, as well as more information on the event and the Willo Historic District, visit www.willophx.com. For more formation on The DistrictPHX, visit www.thedistrictphx.com.

Phoenix Real Estate with Historic Roots Now For Sale

November 20th, 2017 – Downtown Phoenix Journal

As part of the recent settlement of litigation between the United States and the Barron Collier Company, the federally-owned 15-acre parcel located at the northeast corner of Central Avenue and Indian School Road is now “For-Sale.” The land, which is located amid the booming Uptown Phoenix real estate market, is being marketed as the “Uptown Phoenix Parcel.”

The parcel was recently transferred by Barron Collier Companies to the United States for sale under an agreement that resolved Collier’s legal obligations to the United States dating back to the Congressionally approved 1988 Arizona-Florida Land Exchange Act – a deal that originally included the historic 72-acre Historic Phoenix Indian School site that had been operated as a school for Arizona Indian students for almost 100 years until its official closure by the Bureau of Indian Affairs in 1990.

The 15-acre Uptown Phoenix Parcel is located across from a light rail station, just one block south of the Camelback Road and Central Avenue, which was recently named by the Urban Land Institute of Arizona as one of the Valley’s most lucrative intersections for commercial and residential development.

Proceeds from the sale of this Historic Phoenix parcel will be deposited into the Inter Tribal Trust Fund and Navajo Trust Fund administered by the United States for use by tribes in Arizona to seed educational programs and services such as tribal libraries, preschools, childcare facilities, youth foster homes, tutoring and academic counseling for tribal youth, among other programs. Most of these programs have been placed on hold in recent years due to limited funding and uncertainty surrounding the future of these Trust Funds.

Many of Arizona’s current tribal leaders attended the Phoenix Indian School in their youth. When it closed, Congress made sure that the funds generated from the disposition of the property could be used to support a positive and enduring legacy for both the former Indian School, and the future of Indian education in Arizona. While the history of the Phoenix Indian School has been written, tribal leaders also look forward to supporting a new legacy that the sale of this long vacant property now represents.

“We are very pleased to see the that remaining 15-acre property, which is so steeped in the history of tribes in Arizona, will finally have an opportunity to be developed and hopefully become another Phoenix cultural highlight in the future of Uptown Phoenix,” says Inter Tribal Council of Arizona Executive Director, Maria Dadgar. “Not only will the sale of this property begin a new chapter for the City of Phoenix, the funds generated from the sale will also serve the future of Indian education in Arizona as Congress originally intended. Tribal leaders view this as a positive step in the history of the Indian School property,” says Dadgar.

The federally-owned Uptown Phoenix Parcel will be sold by a competitive online auction hosted by the Government Services Administration’s online site www.RealEstateSales.gov and will open for bids later this year.

The Inter Tribal Council of Arizona, Inc., was first established in 1952 to provide a united voice for tribal governments located in the State of Arizona on common issues and concerns. Currently, ITCA’s membership includes 21 of the 22 Tribes of Arizona.

Metro Phoenix’s Hottest Intersections to Live, Work and Play

Uptown Phoenix was a hot spot for restaurants, shops and clubs in the 1970’s and ’80’s.

Then the cachet fizzled a bit as the Valley’s suburbs boomed.

But Camelback Road and Central Avenue, the heart of Phoenix’s uptown area, as well as Phoenix’s Midtown area, are back as a thriving hub for popular restaurants, cool boutiques, office space, light rail and historic neighborhoods and their homes.

Central Avenue Corridor

It’s now the Valley’s most popular intersection, according to a new poll among real-estate and growth experts.

Urban Land Institute Arizona members recently voted the central Phoenix spot the “hottest intersection” in metro Phoenix. It beat out Phoenix’s Camelback and 24th Street, an area that garnered the title the last time the group voted a decade ago.

“Camelback and Central has old buildings with great design, diversity and very supportive neighbors,” said Craig DeMarco, restaurateur and a founder of Upward Projects, at the Urban Land contest last week. “It’s the only intersection in the entire Valley with four historic neighborhoods surrounding it.”

Camelback and Central didn’t even make Urban Land’s top 10 list for hottest intersections in 2007.

A lot has changed since then. A boom and bust, light rail and a move toward an urban lifestyle by more Valley residents have shifted our growth.

Plus, DeMarco’s group has opened five restaurants, including a Postino, Windsor and Federal Pizza, around Camelback and Central over the past decade.

Other rankings on Urban Land’s top 10 list:

Downtown Tempe’s Mill Avenue and Rio Salado Parkway was voted No. 2 in the hot-intersection contest. The popular urban hub moved from third a decade ago. Matt Mooney, managing director of Cousins Properties, pointed out that Tempe led the nation for filling existing office space with tech firms from 2014-16.
Scottsdale and Camelback roads came in at No. 3, after hitting No. 2 the last time. Real-estate attorney Jordan Rose, who has an office at this Scottsdale intersection, said people can shop, eat, work, vacation, get their hair done and even buy a Tesla at Camelback and Scottsdale.
Chandler’s bustling Arizona Avenue and Chandler Boulevard tied for fourth. Danny Plapp of LGE Design Build pitched the area for its $70,000 median household income, office space, new apartments and jobs. “A younger, richer and hipper generation wants to live in new suburbs like Chandler,” he told the crowd. “Just look at San Tan Brewery’s sales at this intersection.”
Phoenix’s 24th Street and Camelback intersection and the Camelback Corridor tied for fourth. The area is still a hot spot of offices, hotels, shopping and eateries but has a lot more competition now.
At No. 5 is the Scottsdale Road and Greenway Hayden Loop area, near the city’s popular airport. Danielle Casey, Scottsdale economic-development director, said there are often “celebrity sightings” at the airport and in the area. The intersection didn’t make the list the last time.
Downtown Phoenix’s Central Avenue and Roosevelt near Roosevelt Historic District ranked No. 6 after not making the list a decade ago. The area, known as Roosevelt Row, has recently emerged as a hub for new apartments, condos, cool restaurants, historic renovations and light rail.
Washington Street and Central Avenue in the heart of downtown Phoenix ranked No. 7, down from No. 5. The city’s many new high-rises are attracting more residents and offices. ASU’s downtown Phoenix expansion near Garfield Historic District is helping.
Gilbert Road and Vaughn Avenue in restaurant-rich downtown Gilbert came in at No. 8. The Gilbert intersection didn’t make the previous list.
Phoenix’s 44th Street and Camelback in Arcadia’s prime intersection made the list at No. 9, another new Valley area for the ranking.

Because of the tie, there was no No. 10.

Four intersections that made the top 10 in 2007 didn’t make the new ranking: Scottsdale Road and Mayo Boulevard; 95th and Glendale avenues; 99th Avenue and McDowell Road; and Price and Willis roads.

I thought DeMarco summed up the test for ranking metro Phoenix hot spots really well.

“We have restaurants around most of the intersections on this list,” he said.

“I don’t look at numbers. I just drive around looking for the coolest neighborhoods.”

To buy or sell a historic Phoenix Home, contact Historic Homes Specialist, Laura B. today at 602-400-0008. Read about Laura B. here from her client testimonials.