“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 “
By Gabriela Rico Arizona Daily Star Aug 9, 2017
Neighbors on Wednesday night got their first look at the design of the future Caterpillar building that will go up west of downtown.
Architects unveiled the design for three-story, 150,000-square-foot building, which will be have a masonry base and copper or copper-inspired panels on top.
“Understanding the regional context was important to us,” said John Tran, design principal with architect firm SmithGroup JJR. “There’s an architectural language that’s pervasive here … from mission style to mid-century.”
He said the landscaping will blend with the natural trees and cacti in the area.
The building, to be named the Caterpillar Tucson Mining Division, will have an address of 875 W. Cushing St., just west of Interstate 10. It will feature a plaza for shared public and private use at the corner of Cushing Street and Avenida del Convento.
Parking for about 500 cars will be on the south side of the site, part of which will be in a two-story parking garage, with the bottom level underground. Bicycle parking will be in the plaza.
The building’s perimeter will be 48 feet, with one 60-foot-high area set back.
“Caterpillar is excited to take this next step, and we appreciate the strong partnership and support we’ve received from all members of the team,” said Jean Savage, Caterpillar vice president for surface mining and technology. “This will be a site that will make us all proud, fitting well into the community and helping show the world some of what Tucson has to offer.”
The building was designed by SmithGroup JJR and WSM Design. Sundt Construction is the general contractor.
The division, with Caterpillar Corp. as a guarantor, has entered into a 25-year lease with the Rio Nuevo Multipurpose Facilities District with a guaranteed interest rate of no more than 3 percent for the first 10 years.
Prep work on the site began earlier this summer with an expected delivery date of March 1, 2019.
Rio Nuevo is spending $43 million on the project. An additional $4 million was provided by the Arizona Commerce Authority.
“Rio Nuevo is honored to be part of the Caterpillar family and will forever be grateful to the company, not only for coming to Tucson, but for selecting this historic site,” said Fletcher McCusker, chairman of the Rio Nuevo board. “SmithGroup JJR + WSM have done an extraordinary job designing a world-class building.”
Wednesday’s meeting was attended by about 15 neighbors.
At the end of the meeting, some residents expressed concern about the copper panels being too shiny. Architects said they would be tarnished.
Other neighbors said it was a nice nod to the copper mining industry. A couple of people thanked the design team and Rio Nuevo for the many meetings that have been held to discuss the project.
Some neighbors asked about solar panels, and the architects said Caterpillar was considering adding them to parking structures, but no final decision has been made.
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / 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 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 internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
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- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
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.
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).
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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Walter Unger CCIM
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Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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