“Open your mind, get up off the couch, move.”
DPJ Staff April 5th, 2016
Fry’s Food Stores Announces New Location in the Heart of Downtown Phoenix
55,000 Square-Foot Full-Service Grocery Store to Join Proposed Mixed-Use Project
Fry’s Food Stores and RED Development today announced the popular grocer will open downtown Phoenix’s first full-service grocery store. Fry’s preferred location to build the new 55,000 square-foot grocery store would be on the surface parking lot bordered between Washington Street and Jefferson Avenue, located between CityScape Phoenix and Collier Center. The downtown grocer would be housed in a proposed mixed-use development that could include traditional and creative office space and residential uses.
With the recent resurgence of downtown Phoenix and neighboring districts plus the expansion of both ASU and UA downtown campuses, a grocery store has been long-coveted for this area of the city. New employers are opening up offices, including tech-focused companies such as Uber and several new residential buildings have been built to meet the demands of new employee growth, creating an even greater need for a grocer in downtown Phoenix.
“This just made it a lot easier to move to downtown Phoenix,” said Mayor Greg Stanton. “A new full-service grocery store will be a catalyst for more residential and neighborhood growth downtown for years to come. With RED Development, Fry’s and Kroger, we are gaining trusted brands with a long track record of success in downtown urban markets.”
PH
The location of the pending development is adjacent to CityScape Phoenix on the Valley Metro Light Rail Line. Photo courtesy of RED Development.
“This has been over 10 years in the making,” said Councilmember Michael Nowakowski, whose district includes downtown. “As the member on the Council who has represented downtown the longest, I am excited to announce that we are finally bringing a grocery store to downtown Phoenix. I can’t wait to see this project break ground in my district.”
Councilman Daniel Valenzuela, chairman of the Phoenix City Council’s Downtown, Aviation and Redevelopment Subcommittee, added “A grocery store has been at the heart of creating a modern, urban, vibrant downtown, which is needed to help attract the top talent necessary for our economy to thrive. I am thrilled to join Fry’s and RED in announcing this incredible news.”
“As a former downtown resident, I know first-hand how difficult it can be without convenient access to a full-service grocery store,” said Vice Mayor Kate Gallego. “For residents who live and work downtown, especially those who rely on light rail and other public transportation, this store is exactly what we need.”
Councilwoman Thelda Williams has also worked on this issue for many years.
The new Fry’s Food Store would be conveniently located in the core of downtown Phoenix, in between major light rail access points and would also serve greater downtown Phoenix historic districts such as Garfield, Roosevelt, Grand Avenue, Warehouse, Eastlake Park and more.
“CityScape was just the beginning of the potential we see in downtown Phoenix,” said Mike Ebert, Managing Partner, RED Development. “RED Development is looking forward to continuing its planning efforts on this mixed-use project and bringing a Fry’s grocery store to this area is the next step in solidifying the stability of the downtown revitalization movement.”
RED Development and Fry’s Food Stores look forward to sharing more details in coming months as the project progresses.
About RED Development
A wholly integrated commercial real estate company, RED Development maximizes asset value and performance for its high-quality retail and mixed-use portfolio that comprises 34 properties totaling nearly 17 million square feet in 11 states. For over 20 years, RED has been a preferred partner for national retailers and investors. The company also works with third-party property owners seeking RED’s expertise in remerchandising and repositioning properties to improve profitability and appeal. A privately held company headquartered in Phoenix, with corporate offices in Dallas, TX, and Overland Park, KS, RED builds on its development capabilities as an active acquirer of existing properties. www.reddevelopment.com
About Fry’s Food Stores
Fry’s Food Stores is headquartered in Tolleson, Arizona. The company employs more than 18,000 Arizona residents. The 119 Fry’s Food Stores service more than three million customers each week. Fry’s has been serving Arizonans since 1960. In 2012, Fry’s was honored with the Arizona Fundraising Professionals “Outstanding Corporation” award for its community service and philanthropic efforts. The company also received “2013, 2014 and 2015 Top Company” awards. Fry’s is the only grocer in Arizona to receive Top Company honors. The company is hiring and looking for customer service stars. To apply, visit Jobs.FrysFood.com
Fry’s is a division of Kroger Co. For more information about Fry’s, visit www.frysfood.com
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. 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 in Phoenix / Tucson / Arizona. 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 Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. 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. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
1
http://walter-unger.com/?p=15472
2
Click here to find Reasons to Consider me for Commercial Referrals
http://walter-unger.com/?p=15010
3
Click here to View My Listings and Profile
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
4
Click here to find out what is a CCIM:
https://en.wikipedia.org/wiki/CCIM
5
Click here to view my website:
6
Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix
http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974
7
Interactive Metro Phoenix Map of New Apartment Construction by Completion Status
http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2
8
4rd QTR 2015 GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER Kasten Long Commercial Group.
9
Apartment Vacancy Rates – Greater Phoenix Area – 50+ Units (Stabilized) 2013, 2014, & 2015
http://klcommercialgroup.com/wp-content/uploads/2016/03/Vacancy-Rpt-Q4-2015.pdf
10
Click her to join my mailing list :
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
http://walter-unger.com/?p=13391
1
Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
2
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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.
walterunger@ccim.net 1-520-975-5207
Check out my professional profile and connect with me on LinkedIn.
https://www.facebook.com/ungerccim
https://twitter.com/Walterunger
https://plus.google.com/u/0/b/114560883588623379451/
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Click here for Map of Apartments for Sale (10+units)
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.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
Direct: 520-975-5207
Fax: 602-865-7461
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
- P
- Investment Real Estate
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.