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The Future of Historic Phoenix

9/23/2018

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Among the Top 100 Most Prestigious Private Clubs in America (Golf Connoisseur Magazine), Phoenix Country Club is rooted in its rich history in Midtown Phoenix. Founded in 1900 and opened in October 1921, PCC is about to jump head-first into the future of real estate with its request for rezoning a portion of the property.

Meetings and hearings have been set for Rezoning Case No. Z-41-18, which requests a change in zoning for approximately 2.16 acres located at the northeast corner of 7th Street and Thomas Road from Parking P-1 to R-5 Multi-Family and High­Rise HR. The area in its current form is a parking lot surrounded by the Club's exterior gate. Sunbelt Holdings have come together with the Club to propose "high­-quality condominiums and to redesign and improve the entire Phoenix Country Club parking lot to continue to meet the parking needs of the Phoenix Country Club and to create a shaded, walkable environment along 7th Street." (Source.)


Sunbelt Holdings recently completed the largest office project and commercial transaction in Arizona history with its involvement in the Marina Heights project in Tempe.  Marina Heights consists of the 5 building State Farm Insurance regional hub and 2 million sq. ft. of office space as well as up to 60,000 sq. ft. of retail space. They are also responsible for Portland on the Park, a residential condominium building located 200 W Portland Street on the southern boundary of Hance Park in Downtown Phoenix. 

The neighborhoods "between the 7's" and surrounding areas are home to a multitude of high-rise condo buildings, the most recently-built being Crystal Point in 1983, followed by The Regency House in 1964, and Executive Towers in 1963.  The Residences at Phoenix Country Club would be the first luxury new-construction high-rise in the immediate area in 25 years. The population growth rate of the Phoenix metro area increased by nearly 4% per year for the past 40 years. The municipal governments in the greater Phoenix region are planning for a population growth of at least two million residents over the next two decades, reaching an estimated population of 6.2 million by 2030. Both long-time and new residents of Phoenix's central city will have a new option for conveniently located living as well as a revitalization of an under-utilized intersection. 

From the Residence's website, "We believe that an investment of this magnitude, on an intersection that has struggled to keep business open long term, will revitalize and stabilize the community. Ultimately promoting great improvements in the 7th St corridor including shops, restaurants, and housing."

The multifamily high-rise condo project, reaching 164 feet and 15 stories, is facing opposition. "A city staff report issued on September 4 states that a high-rise at the proposed location doesn’t comply with several principles of the General Plan Land Use Map. The staff report includes a list of 18 stipulations that should be followed if the rezoning request is approved. The report also noted that the city received at least 20 letters of opposition from members of the community." (Source.) There are still remaining committee meetings if you are interested in learning more or making sure your voice is heard: 

Planning Commission Hearing: 
October 4, 2018 at 6:00 p.m.
City of Phoenix Council Chambers
200 W. Jefferson Street, Phoenix, AZ
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City Council Hearing: 
November 7, 2018 at 2:30 p.m.
City of Phoenix Council Chambers
200 W. Jefferson Street, Phoenix, AZ
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Are You Ready For The Stewart?

9/15/2018

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We have received an official announcement from Scottsdale-based Aspirant Development, a leading residential & commercial developer in Phoenix Metro, that construction on The Stewart, a 19-story, 312-unit luxury apartment building in downtown Phoenix is nearing completion. The property will begin pre-leasing in the fall of 2018 and is expected to open its doors in January 2019.
September 6 marked the final structural concrete pouring ceremony on the building’s top floor. The event was attended by  Phoenix Vice Mayor Jim Waring, Phoenix Councilman Michael Nowakowski, Phoenix mayoral candidate Daniel Valenzuela, and Phoenix Director of Community and Economic Development Christine Mackay. 

“We’re excited to be part of the city’s changing skyline by completing a project that has been almost four years in the making,” affirmed Geoffrey Jacobs, partner at Aspirant. “This is the first high-rise apartment building constructed in downtown Phoenix since the 1950s. That shows you how much Phoenix is changing, and we’re proud to be a part of its evolution.”

The Stewart is a pet-friendly property featuring modern studio, one- and two-bedroom apartments for rent, with 24 unique floor plans ranging from 477 to 1,899 square feet. Apartment homes at The Stewart feature distinctive amenities including expansive private balconies, the latest “smart home” options, abundant closet space, front-loading in-home washers and dryers, contemporary custom-wood cabinetry, quartz countertops, under-cabinet lighting, lofty nine- to 11-foot ceilings, and energy-efficient windows. Residents of The Stewart will enjoy access to an on-site concierge, an eighth-floor 24-hour fitness center with open-air sanctuary, gas BBQ grills, entertainment kitchen, bicycle storage and rentals, 24-hour on-demand parcel lockers, resident boardroom, club room lounge and garage parking. The property’s shimmering rooftop pool and spa, the highest in Phoenix, will afford breathtaking city and mountain views while providing residents with a refreshing oasis from desert temperatures. A restaurant will occupy part of the property’s 9,000-square-foot ground floor.

Offering residents unparalleled convenience in downtown Phoenix, the building is close to the Phoenix Public Market Cafe and Open-Air Farmers Market, The Churchill, prominent sports venues including Chase Field and Talking Stick Resort Arena, performance venues including Comerica Theatre and Crescent Ballroom, The University of Arizona College of Medicine, museums, galleries, and copious nightlife and dining options. For residents traveling within Phoenix and beyond, the property is a five-minute walk to the light rail station and close to I-10.


The Stewart was constructed on the site that formerly housed the Circles Records & Tapes building, and that was originally occupied by The Stewart Motor Company, a Studebaker dealership, in 1947. The upscale apartment building incorporates many architectural details from the original building, including the showroom turntable, where Studebaker cars were displayed and rotated in the semi-circular window. With its blend of historic and modern touches, extensive amenities, and claim to fame as the tallest residential building on Roosevelt Row, The Stewart will provide a distinctive lifestyle experience for discerning residents in the center of dynamic downtown Phoenix.
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“I’m proud that, in a city known for its sprawl, 450 people will enjoy an amenity-rich living experience at The Stewart on a little over three-quarters of an acre,” stated Randy Grudzinski, a partner at Aspirant. “Our vision for The Stewart is to draw residents who are looking for a unique urban high-rise lifestyle, and we look forward to enhancing the neighborhood and shaping a vibrant community here in the years to come.”

Source
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8 Coolest High-Rises in (or near) Historic Districts

9/10/2018

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Central Phoenix is home to the majority of the designated Historic Districts in the Valley. Check out some of my favorite high-rise projects in these highly-desirable neighborhoods. ​

Embassy Condos

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On the edge of Roosevelt Historic District, Embassy Condominiums is in close proximity to Diamondbacks Chase Field, Talking Stick Resort Arena, light rail, ASU downtown campus, Roosevelt Row art galleries, cafes, and all the excitement of downtown. Sky pool, newly refurbished clubhouse, pool, workout room and laundry. You can still snag units at Embassy in the $100's!!

Artisan Lofts On Central

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The modern, industrial spaces of Artisan Lofts are located in downtown Phoenix on the light rail line. Each of the 40 lofts in this contemporary complex boast exposed ductwork, soaring ceilings, tons of windows offering spectacular city lights and mountain views, granite countertops, full sized washers and dryers, and sealed concrete or hardwood flooring. Units in Artisan average in the $300's.

Portland on the Park

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Blurring the distinction between home, work, and the neighborhood coffee shop, Portland on the Park offers its residents an energized, metropolitan standard of living. A short walk to restaurants, galleries, live music venues, downtown, the Arts & Entertainment District and light rail couple with a resort-style pool, fitness center and 15th floor rooftop lounge to make this address the most sought after in downtown Phoenix. Units range from the $400s to over $1 million.

Landmark Tower

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In the heart of Midtown Phoenix, the best of mid-century chic meets the best of urban living. Landmark Towers on Central offers an eclectic mix of modern and vintage flair with a 17-story tower of condominiums overlooking the skyline. Originally opened in 1963, the Landmark Towers building has been grandly renovated to play up its architectural highlights including floor to ceiling windows opening onto panoramic balconies. Units here in the $100-$200s! 

Crystal Point

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If mid-town living in a secure high rise with a 24-hour concierge is what you're looking for, check out the elegant Crystal Point condos. These two and three bedroom homes offer both mountain and city views. Large master suites, upscale kitchens and private balconies add to the amenities. When it's time to relax, take a swim in the community pool or take advantage of the exercise room and club room. Units can be priced upwards of $2 million. 

Orpheum Lofts

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The Orpheum Lofts is one of the few historic buildings in downtown Phoenix transformed into residences. Formerly the Phoenix Title and Trust Building in Downtown Phoenix built in the 1930's, the building was gutted and renovated in Art Deco Style. The lofts have open floorplans, with the trendy exposed ductwork and warm brick walls. You know that this isn't your standard Phoenix property when you enter the retro lobby area with marble and terrazzo tile.  Units range from the $200s to $500s. 

One Lexington

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One Lexington is a 17 story high rise with a modern flair and spectacular city views. Once known as Century Plaza, this high rise was a former office building gutted and refurbished into modern, loft style condos. Units are styled with contemporary finishes - wood floors, european cabinetry, high-end appliances and plenty of floor-to-ceiling windows to enjoy the views. Upper floor units have awesome views of the valley. Units start in the low $200s.

Summit at Copper Square

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Located in the heart of the action in downtown Phoenix, Summit at Copper Square is a contemporary 22-story high rise that offers unparalleled views. Floor plans offer one, two and three bedrooms that range in size from 898 to 1,500 square feet. Summit at Copper Square is ideally located just a few minutes' walk to theatres, museums, trendy restaurants, and the light rail. Chase Field is right next door! Units start i the high $100's and approach $1 million. 
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    Author

    Andrew Starkman
    REALTOR®
    Launch Real Estate
    (480) 282-7455

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