Six new restaurants join downtown Phoenix CityScape project
[Source: Jahna Berry, Arizona Republic] — Six restaurants, two boutiques, and a law firm will join a $900 million project that is under construction in downtown Phoenix. CityScape is a cluster of businesses that will include an office tower, shops, eateries, a hotel, and 165 condos. The first parts of the project are expected to … Read more
Downtown Phoenix parking costs soar, but can light rail compete?
[Source: Sean Holstege, Arizona Republic] — The price of parking in downtown Phoenix grew faster than in any major U.S. city, according to a recent industry report. The median cost of an unreserved monthly parking space was $65, up from $35 two years ago, reports real estate consulting firm Colliers International. Phoenix rates are still … Read more
Downtown Phoenix high-rise’s woes may hurt other area condos
[Source: Jahna Berry, Arizona Republic] — Financial woes at a luxury downtown high-rise could hurt property values at similar central and downtown Phoenix condominium complexes. Last week, the lender for the Summit at Copper Square took the first step toward foreclosing on 74 unsold units in the multicolored tower near Chase Field. Scottsdale’s Stearns Bank … Read more
Taking vids in downtown Phoenix
Local videographer, Robert Carrillo, takes to the streets of downtown Phoenix with his friend, Jaime.
Next meeting of RadiatePhoenix group, July 28
The next meeting/social gathering of RadiatePhoenix will take place at the Gallo Blanco restaurant in the Clarendon Hotel, 401 W. Clarendon, Tuesday, July 28, from 5:30 to 7:30 p.m. No formal presentation or speaker. To RSVP, click here. Radiate Phoenix is a non-traditional networking group that meets once a month to support smart growth in … Read more
Summit at Copper Square in downtown Phoenix hit with foreclosure notice
[Source: Jan Buchholz, Phoenix Business Journal] — The Summit at Copper Square condominium project across from Chase Field in downtown Phoenix is scheduled for an Oct. 14 foreclosure sale. A notice of trustee sale on the 23-story luxury project was filed July 10 at the Maricopa County Recorder’s office by the public trustee, Fidelity National … Read more
Downtown Phoenix’s CityScape to “top out,” despite shaky office space market
[Source: Ray Stern, Phoenix New Times] — Phoenix Mayor Phil Gordon will help celebrate the “topping out” of a new, city-subsidized office tower downtown this Thursday. With the state of the Valley’s office space market, though, we couldn’t help but wonder if the festivity will include a large, neon “Vacancy” sign for the roof. Our … Read more
Axe falls on Arizona Republic staff (again)
[Source: Adam Klawonn, The Zonie Report] – If you’re a news junkie like me, then please take a moment of silence today for the latest round of laid-off staffers at The Arizona Republic, which has undergone major changes over the past two years as its parent company, Gannett Corp., deals with a failing business model. … Read more
