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.
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Corina Vanek Arizona Republic
A 760-unit apartment complex that is expected to replace surface parking lots and the shuttered Costco Auto Center will be the first new development of the decadeslong redevelopment effort at Christown Spectrum Shopping Center in Phoenix.
Kimco Realty, the owner of the center, submitted plans to the city to redevelop 12.5 acres of land, most of which is used for parking lots, and razing the former Costco Auto Center and gas pumps to make way for a new apartment development. The plan is part of a larger vision to reimagine the mall, which Kimco executives said will likely take 20 to 25 years to execute.
Christown Spectrum, located at 19th Avenue and Bethany Home Road, includes about 1 million square feet of retail and commercial space. The redevelopment plan incorporates much of the existing retail space, as many of the tenants still have long-term leases in place. Large tenants at the mall include Ross Dress for Less, Walmart and Walgreens. American Furniture Warehouse opened a location in the former Costco space after the warehouse store vacated its space in 2020. Target owns its location at the mall.
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“Christown Spectrum will remain a viable and solid retail component of any future master (or) mixed-use plan during the overall redevelopment process,” Michael Strahs, vice president of development for Kimco, said in an email. “We expect the first building to be sited where the Costco gas pumps and tire facility were located, so no existing tenants will be impacted. We see the rezoning to the walkable urban zoning designation as the first major step toward a larger transformation over time.”
The city’s planning commission is expected to discuss the rezoning for the apartment complex at its meeting on April 13. The development is located on the southeast corner of the mall site.
The City Council will also have to vote on the rezoning, and the process is expected to last into May or June, Strahs said. After that, Kimco can begin the first piece of the redevelopment. The first pieces of the redevelopment, including the 12.5-acre piece are expected to be predominantly apartments, which will complement and benefit from the existing retail and restaurants on the site, he said.
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Several neighborhood groups wrote to the city voicing support for the project. Representatives from the Pasadena Neighborhood Association called the new development “exactly the type of redevelopment our area needs to take a step forward.”
Multi-phased buildout planned at Christown Spectrum
The overall plans are multi-phased and include apartments, a pedestrian plaza, commercial space, retail, offices and entertainment.
“The rezoning of this 12 acres is a beneficial first step that provides an immediate opportunity for development while the bigger picture discussion continues,” Strahs said.
The overall additions proposed for the shopping center are primarily apartments, according to plans submitted to the city. In total, more than 2,400 apartment units are included in the plan at full buildout. Much of the new development is planned for spaces that are currently parking lots, but the full redevelopment plan does call for demolishing pieces of the existing mall to create a new spine street through the center of the project, running parallel with 19th Avenue. Site plans show that street will be eventually lined with small-scale retail and a cinema or other entertainment space.
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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?
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”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
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.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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