Phoenix progresses on entertainment district, business district expansion.

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
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By Audrey Jensen  –  Reporter, Phoenix Business Journal Jun 30, 2023

The city of Phoenix is taking major steps toward growing and revitalizing the area in and around downtown with a proposed entertainment district and expanded central business district.

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Last year, the city restarted conversations for an expansion and renovation of the Phoenix Convention Center south building with a new hotel and an established entertainment district. The south building at the convention center is located on a block between Washington and Jefferson streets and 3rd and 5th streets just north of the Footprint Center and Chase Field.

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The city said its blueprint for a long-term expansion of the Phoenix Convention Center includes a 150,000-square-foot exhibit hall expansion, about 800 to 1,200 additional hotel rooms and creating plans for the creation of a 24/7 entertainment district, which it said could help create a walkable, vibrant and safe area with a density of restaurants, bars, attractions, street performers, public art, lighting, landscaping, scooter docks and electric vehicle shuttles.

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“This really allows us the opportunity to plant our flag as far as what the long-term vision and needs are for the Phoenix Convention Center in order for us to remain competitive in our market,” said Jerry Harper, the deputy director of the convention center, at a June economic development subcommittee meeting. “While not only does it allow for the reactivation of the 4th Street alignment, we also see it as presenting an opportunity for a brand new front door for the convention center.”

The city of Phoenix is considering a big expansion of the Phoenix Convention Center. A preliminary conceptual layout shows proposed expansion options envisioned for the south convention center building.

CITY OF PHOENIX DOCUMENTS

On Wednesday, Phoenix City Council approved issuing a solicitation for a consultant to help form its proposed entertainment district following the subcommittee’s approval in June. The subcommittee also approved the proposed Phoenix Convention Center master plan in June.

According to city documents, the consultant will assist with identifying potential boundaries of the district, a market and feasibility analysis, evaluation of land use and zoning ordinances, stakeholder engagement and planning for location, zoning and code changes and an implementation strategy.

The city is expected to spend this summer developing the request for proposal with the goal of issuing it this fall, according to a spokesperson.

The first two phases of the convention center were completed in the 2000s, while the third phase, the redevelopment of the south building, is the next step in addition to planning the entertainment district.

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Phoenix looks to expand central business district

Phoenix is also working on expanding the borders of its central business district to support redevelopment opportunities in areas surrounding downtown.

During a city economic development and equity meeting also on Wednesday, the subcommittee approved recommendation of expanding the city’s central business district boundaries from an area that’s currently less than 2 square miles to an area closer to 12 square miles.

The central business district (CBD), typically the center of financial services and government operations, was established in 1961 and expanded in 1987 to include the Capitol Mall and north to McDowell Road.

A city report said the purpose of a CBD is to establish a Phoenix Tax Incentive District to encourage private investment for improvements to the area. The new boundaries will provide increased benefits through programs such as the Government Property Lease Excise Tax, which is more beneficial for sites that are designated as both a redevelopment area and central business district. If a site is designated as both, this allows for an eight-year property tax abatement for all types of development.

The proposed boundaries approved by the subcommittee are generally located from Broadway Road to Thomas Road and from 23rd Avenue to 7th Street, which includes area such as the Rio Salado redevelopment area, the downtown redevelopment area and the Arizona Veterans Memorial Coliseum.

The city said during the meeting that the next steps include gathering community feedback and returning to the economic development and equity subcommittee with results in the fall of 2023.

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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.

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

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

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

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”

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  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call 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

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

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.    

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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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