You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
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Corina Vanek Arizona Republic 9/12/2022
A luxury apartment complex beginning construction in downtown Phoenix will incorporate a 75-year-old former medical office building on the site.
Atlanta-based developer Hatteras Sky began construction on its first development in the Phoenix area, a 23-story apartment tower that will include street-level retail near First Avenue and McKinley Street.
The $184 million project will include 389 units, and is named “Saiya,” a Hindi name meaning “shadow,” the developer said.
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Restaurant, bar likely in old building
Oz Friedmann, principal and managing director for Hatteras Sky, said the company focuses on urban infill projects. The downtown Phoenix site was especially attractive because of the preservation and adaptive reuse opportunity of the building on the site, originally called the McKinley Club.
The building, which is now vacant, will likely be repurposed as a restaurant and bar, Friedmann said. So far, no tenants have signed leases for the location or any of the other retail space that will be included in the development.
The McKinley Club was built in 1947 as a medical center for Drs. H.D. Ketcherside and Joseph Bank, and six other physicians, according to city documents.
“Learning more about the McKinley Club building, the preservation was something we wanted to do,” Friedmann said. “The building has great character, great bones. We thought we could do something really unique and creative.”
Restaurant owners and operators want to see progress on a development before leasing space, Friedmann said, but the company is hoping to attract businesses that will complement what already exists in the Roosevelt Row Arts District.
“We want to put something unique and cool as an amenity,” Friedmann said. “A lot of really neat and cool food and beverage places have popped up in the area.”
First phase to open in 2024
The first phase of the development, which will include some of the apartment units, is expected to open in summer 2024. Friedmann said it is too early to know how many units will be complete in the first phase. The remainder of the project will open in winter 2025.
The apartment will be a luxury development catering to young professionals, Friedmann said, noting it is too early to know what the asking rents will be. The average apartment rent in downtown Phoenix is $2,130, according to RentCafe data.
Projects opting to incorporate old buildings
Incorporating an existing building into a new development has become a popular technique in downtown Phoenix, and around the Valley. In the Warehouse District in south downtown, a developer is reusing an old warehouse building as a lobby and bar area for a Home2 Suites hotel near Jackson and First streets.
Nearby, also on Jackson and First streets, the Fairmont Hotel and Residences Phoenix is under construction. The development will incorporate portions of the former Arizona Hardware Company Warehouse building, which had been designated historic. As part of the development, the historic designation was removed and the project removed one of the walls and roof of the building, and the new tower is being constructed on the same site, inside the shell of the old building. The project will include 225 hotel rooms, including 34 suites, and 151 Fairmont-branded for-sale condo units and is slated to open in 2025.
Reach the reporter at cvanek@arizonarepublic.com. Follow her on Twitter @CorinaVanek.
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FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
Walter Unger CCIM cell: 520-975-5207 walterunger@ccim.net
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
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