HX_Guy

As we celebrate the 75th anniversary of the original 1931 Valley National Bank building, Grace Communities is renovating this historic landmark and reopening the doors as the Hotel Monroe. When completed, this chic newly renovated boutique hotel will be located in downtown Phoenix in the center of Copper Square at the intersection of Central Avenue and Monroe Street, arguably one of the finest locations in the valley. The Hotel Monroe provides approximately 144 rooms ranging from standard, junior suites and one and two bedroom suites. The eleventh floor of the hotel will be designated as the concierge floor featuring several unique suites & penthouses. The twelfth floor will feature a unique nightclub with sunset views of downtown and the valley. Hotel guests will enjoy a variety of cuisine options and entertainment venues including a five star restaurant and lounge, wine bar, night clubs and a barista caf

New 16-story Ball Park Lofts to offer office, retail Christia Gibbons The Business Journal A 16-story office condo building east of Chase Field and Seventh Street called Ball Park Lofts is in the works, a project of first-time high-rise developer Wayne McIntosh. While it's early in the process, McIntosh said he's hoping to have the building at 811 E. Jackson St. up in two and a half years. The project -- being developed by Ball Park Lofts LLC, consisting of McIntosh and other investors -- will offer offices above first-floor retail. Early projections are that office space will sell from $300,000 to $450,000 depending on size, and lease for $30 to $45 per square foot. Entire floors can be bought or leased, as can other configurations of space. Architect Greg Mueller of San Diego-based Tucker Sadler Architects was hired for the project. Mueller has worked on Phoenix-area developments such as DC Ranch in North Scottsdale, the Hilton at Fountain Hills and WestGate City Center in Glendale. "It's an ideal location for affordable office space," said leasing agent Dennis Kolodin of Realty Executives. "Obviously it will have beautiful views." Kolodin also is the retail leasing agent for Orpheum Lofts, Tapestry on Central and Landmark on Central. He said the Ball Park Lofts will not be in direct competition with the nearby CityScape project, as the land east of Seventh Street is "significantly less expensive than on the other side of the street." Still, there's always some competition, and he and McIntosh said they hope the project is up before CityScape. The much-touted residential/office/hotel/entertainment project is planned for three city blocks from First Avenue to Second Street and Jefferson to Washington streets. CityScape is scheduled for a first-phase opening in 2009, with completion in 2011. Developers include RED Development LLC, Barron Collier Cos., Novare Group, Cardon Development Group and Callison Architects. A 25-year resident of the town of Paradise Valley and originally from Los Angeles, McIntosh was an investment banker for 20 years and a Denny's franchisee in Oklahoma, Texas, Louisiana and Arkansas. He's also worked with Bill Prather of El Paso Bar-B-Que Co. "I love what's happening in downtown Phoenix," McIntosh said, remembering going to Suns games at the Veterans Memorial Coliseum. Thanks go to the city's redevelopment efforts and "Jerry Colangelo for bringing everything into downtown," McIntosh said of his interest in the area. McIntosh said he has owned the land for about eight months, but would not reveal what he paid because he's trying to acquire more in the area. Light rail and railroad lines will be close by, he said. "I could live anywhere in the country, and I've picked here. I adore it," he said. At one time, he and his wife contemplated moving back to Newport Beach, Calif., but being stuck in traffic trying to take their children to Disneyland convinced them to stay in Arizona. As for his downtown project, McIntosh said he'd like to be the first one out with some office lofts. Get connected CityScape: www.downtownphxrising.org. Realty Executives, Dennis Kolodin: 602-315-9292. Tucker Sadler Architects: www.tuckersadler.com.

Not much information on this one, but it appears a hotel is slated for the parking lot directly west of US Airways Arena and south of the future CityScape site. It looks to be 35+ stories and part of the land is owned by the city which might give it a bit more chance then a completely private project.

Summit at Copper Square - 23 Floors 253' Elevator core has reached the 23rd and final floor, the rest of the building is at floor #18. 44 Monroe - 34 Floors 380' Concrete has been poured for the 8th floor. Sheraton Downtown Hotel - 31 Floors 360' Work is finishing up on the 3rd floor, 4th floor should be under construction shortly.

A few update pictures taken 10/13/06... Summit at Copper Square Sheraton Downtown Phoenix Hotel A shot showing both the Sheraton and Summit... Finally...new rendering of CityScape...