Archive for February, 2008

AZ Republic – Scottsdale previews latest downtown development

Peter Corbett
The Arizona Republic
Feb. 25, 2008 05:58 PM 
 Scottsdale residents will get their first full look Tuesday at the latest plans for a $600 million luxury hotel with resort residences that would add to the city’s emerging downtown skyline. Scottsdale Canal Development, a Scottsdale partnership, is planning the 72-foot-tall Solis Scottsdale Hotel & Residences about two blocks east of Scottsdale Fashion Square.

The project, originally labeled the Waterview at Scottsdale, will include 240 hotel rooms, a spa, shops and 165 residences.  Two previous plans encountered opposition by neighbors and city staff because the project was too dense for the area northeast of Camelback and Scottsdale roads, southeast of the Arizona Canal.Neighbors also complained about a Salt River Project electrical substation that developers wanted to move close to their homes.

That plan was scrapped.

Development partners Mark Madkour and John Wanninger now plan to move the utility yard to a site northeast of Indian School Road and 68th Street. They also would add a 1-acre park on the northern edge of their 11-acre project.

“This should clear away some of the objections,” Madkour said.

However, Scottsdale nightclub owner Tom Anderson said he an other neighbors strongly object to moving the substation near their businesses at 68th Street and Indian School Road.

Scottsdale’s planning staff has not yet reviewed the latest proposal.

Scottsdale Canal Development still needs Scottsdale City Council approval for its project.

Move pleases neighbor But neighbor Helen Cooner said she was pleased the substation would not be moved next to her home. She feared electromagnetic radiation from the substation would be a health risk. “We never should have been put through this,” she said of the developers’ original plan.

Jeff Lane, an SRP spokesman, said the substation move would eliminate a need to bring a new power line northeast along the Arizona Canal, which would have torn up recent canal-bank improvements.

“This is a good site for all parties concerned,” Lane said of the location at 68th and Indian School.

The luxury hotel and residences along the canal would replace a mix of homes and aging apartments.

Other projects It is part of $1.5 billion in downtown redevelopment projects – completed or under way – since 2003. That includes mid-rise condominiums and the seven-story W Scottsdale Hotel, which is set to open in late May.

In all, there are nearly $3.3 billion in public and private improvements either done in the past five years, in progress or planned in southern Scottsdale, south of Chaparral Road, according to a recent city report.

The Solis Hotel, an emerging 5-year-old brand from the Atlanta-based West Paces Hotel Group, would add yet another stylish hotel to downtown, joining the W, Hotel Valley Ho and Mondrian Scottsdale.

But first the developers must gain city approval of the project at a time when citizen complaints are rising over the height and density of downtown development.

Scottsdale Canal Development has cut the density of its project 14 percent, adding open space between the residential buildings. Plus, the height of the northernmost structure was cut from 65 to 38 feet, Madkour said.

City planners previously objected that the 65-foot buildings would create a canyon effect for pedestrians along the canal bank, which would be improved through the site.

Those improvements would allow pedestrians to walk along the canal and over a pedestrian bridge to connect with the Safari Drive community and Scottsdale Fashion Square to the west.

Scottsdale Canal Development would spend about $24 million for the bridge, canal-bank improvements and relocating the substation, Madkour said.

Tues public meeting to disclose the plans is set for 5:30 at the Scottsdale United Methodist Church, 4140 N. Miller Road.   

www.theholmgroupaz.com

AZ Republic – To some, a Scottsdale canal; to others, Riveria

Jaimee Rose
The Arizona Republic
Feb. 26, 2008 12:00 AM 

 In the Valley, our desperation for oceanfront property has reached a new level entirely. Yes, we worship the swimming pool and consider Rocky Point our own. But who could have imagined that a lowly canal could draw such devotion? In Scottsdale, a section of the mud-colored Arizona Canal has morphed into Destination: Glamazon. Million-dollar “waterfront” penthouses overlook it. Ritzy boutiques line its banks.

During the Super Bowl, ESPN broadcasters hunkered down nearby, and reporters used the water as a glistening backdrop. It even has its own posh namesake restaurant, Canal, where you can dine on a $30 lobster sandwich while overlooking a large irrigation ditch and pretend you’re feeling an ocean breeze. Isn’t it romantic?Water holds a magical power over humanity: We search it out, move nearby and cling to it on vacation. Cities lucky enough to be so blessed define themselves by their water features – think Lake Michigan in Chicago or Pittsburgh’s Three Rivers Park. In the Valley, our river runs dry, so we’ve hopefully and happily been seduced by the next best thing.This represents an image makeover of considerable heft, a Billy Ray Cyrus kind of comeback. For years, the Valley’s canals were unsavory swathes feared by mothers, full of murk, goo and the ungodly. “The canals really were kind of looked upon as liquid alleys,” said Jim Duncan, a senior analyst with the Salt River Project, which manages the canals.

Things pulled from the water: rusted-out appliances, expired animals, a few safes, a Corvette, and many, many guns, according to SRP. And, of course, the floating bodies discovered by joggers a couple of times each year.

Making an oasis

Most of the Valley’s canal system remains unglamorous, but the magic little stretch of water between Goldwater Boulevard and Scottsdale Road, flanked by $700 million in development, the Waterfront shops and condos on one side and the newly opened Southbridge boutiques and restaurants on the other, has received a plastic surgery worthy of Scottsdale’s preened reputation. It was due for a face lift: The Arizona Canal dates to 1883. The canal walls were slimmed down, taken from trapezoids to smooth vertical surfaces. The water level was pumped up, and the banks were manicured, plucked and primped. Picture curving pink sidewalks, golf-course-worthy lawns, and desert plants spaced out on an invisible grid. There’s even a fountain. Schools of white amur fish dart below the canal’s surface, keeping the algae level low and the water as clear as, well, a latte, at least. But in all those architectural artistic renderings of the canal, trotted out at sales appointments and official presentations, the water is a Caribbean-colored turquoise blue. This part of the vision remains apparently evasive.“I think what (Scottsdale) did was make lemonade out of a lemon,” Karen Carney, 60, of Scottsdale, said as she shopped and sipped coffee at the Waterfront this week. “A canal can be a yucky-uck dirty thing, and they turned it into something good.”

An ugly past

Branding expert Larry Vincent said the secret to changing perceptions, such as making a boring name like Ralph into a brand like Ralph Lauren, or an irrigation ditch into something coastal and chic, is to create something so lovely that everyone forgets what was there before. “It all depends on the experience,” said Vincent, of the Siegel+Gale branding company in Los Angeles. When buying $890 designer shoes at the Glass Slipper in the Waterfront, it’s hard to remember the Christmas-tree lot and car dealership that once occupied that corner. When strolling along the water, stopping off for a treat from the cupcake window in the Mix Shops, who cares what’s in the water?Have drinks on the patio at the Estate House, which opened Friday, and thoughts of the Hohokam Indians and their pioneering canals are nil.

It’s easy to pretend you’re in Italy, instead: Water trickles by, potted Meyer lemon trees keep you company, and the party stretches from restaurant to restaurant all along the canal’s banks.

“It’s hard to remember how bad it did look,” said Debi Bridges of Bridges Media Group, which represents the Southbridge development. “For the longest time, it was ugly, and now it’s beautiful.”

Already, Arizonans are clamoring for outdoor tables along the canal as if they were supping along Mission Beach.

The patio at Olive & Ivy is full (anointed by locals as the “Scottsdale Yacht Club”), and even former President Clinton dined at Canal on a recent visit.

For years, Southbridge developer Fred Unger has had his eyes on this canal. He dreamed of Venice and gondolas, but the city settled on this, instead.

“Some people don’t think it’s as pretty and romantic as a river,” Unger said. “But it’s what we have. It’s ours. And the lights do glimmer on it at night.”  

www.theholmgroupaz.com

AZ Republic – Paradise Ridge land auction gets green light

Michael Clancy
The Arizona Republic
Feb. 21, 2008 05:35 PM 
 

The state’s plan to auction the first parcel of Paradise Ridge now has the green light after several delays. Behind the delays have been claims by an affiliate of the Thomas J. Klutznick Co. that the terms of the auction are not specific enough for the sale to proceed.

But the Arizona Court of Appeals ruled Thursday, rejecting the claims from Northeast Phoenix Holdings, the Klutznick affiliate.  “This is great news for us,” State Land Commissioner Mark Winkleman said. “Hopefully, this will allow the auction to proceed.”He rescheduled the sale for April 30.

Cameron Artigue, attorney for the Klutznick firm, said he has 30 days to appeal, but he could not say whether that would happen. He said he had not yet seen the decision and had not consulted with his client.

The land involved is 112 acres, plus 128 acres of right of way, at the southwestern corner of Thompson Peak Parkway and Scottsdale Road in northeast Phoenix. Westcor has identified the land as the site of its newest shopping area, which it calls Palisene.

The company has a preferred right to bid upon and win the land.

The preferred right was granted in exchange for Westcor’s services in bringing the land to auction.

“We are still firmly committed to our strategy for luxury retail in the northeast Valley,” said Scott Nelson of Westcor.

The auction originally was scheduled for October 2007.

Nelson said he believed the Klutznick Co. was trying to delay the auction as a way of protecting its own investment in CityNorth, a mixed use project under construction just two miles from the Paradise Ridge site.   

www.theholmgroupaz.com

AZ Central – Bloomingdale’s coming to CityNorth development

Cathryn Creno
The Arizona Republic
Feb. 13, 2008 10:16 AM
 In a sign that high-end retailers continue to covet a presence in the Valley despite the downturn, the first Bloomingdale’s department store in Arizona is set to open in the fall of 2009 at the CityNorth project in northeast Phoenix.

Macy’s Inc., which owns the upscale brand founded in 1872, said Thursday that the store would be its 10th Bloomingdale’s in the western United States.

The deal had been expected for a few months.  CityNorth, a mixed-use development is being constructed at 144 acres at Loop 101 and 56th Street.

The project will have three department stores. Nordstrom already has signed on.

Macy’s also is expected to sign on with its signature department store.

“We believe that Bloomingdale’s will provide a unique shopping experience for Phoenix, based on distinctive assortments and attentive and personalized service for which we are well-known,” Michael Gould, Bloomingdale’s chairman and CEO, said in a statement.

CityNorth, is being billed as a “city within a city” featuring department stores, condos, offices, smaller shops and restaurants.

Valley developers have long coveted bringing in Bloomingdale’s. It is one of the few luxury brands without a presence in the market.

Despite any short-term economic trouble, the Valley is poised for continued population growth and the northeast Phoenix area has a demographic with deep pockets, said Steven Hoch, who heads the retailing department at the University of Pennsylvania’s Wharton School.

“Nationally there have been very few malls built in the last five to 10 years,” he said. “If you are Bloomingdale’s, you need to be in a mall if you want to expand.”

New York-based Related Urban Development, which is taking the lead on CityNorth, has been involved in similar projects.

It touts Water Tower Place in downtown Chicago, Copley Place in Boston, Time Warner Center in New York, Reston Town Center outside Washington, D.C., in Virginia, Pacific Place in Seattle and CityPlace in West Palm Beach, Fla., as projects resembling CityNorth. www.theholmgroupaz.com

Kierland Short Sale Opportunities Available Now

Kierland Short Sale Opportunities

Are you looking to move into the Kierland area?

If so now is your chance at a great price.

Single Level 2660 sqft w/ Pool (great location)

2364 sqft, 2 level w/pool

Give The Holm Group a call for more details.

480-767-2738

AZ Republic – Some doubt developers’s high-end home strategy

Michael Clancy
The Arizona Republic
Feb. 12, 2008 10:42 AM
 Toll Brothers constructs a very nice product, with lots of imaginative upgrades and plenty of space.

The developer says interest is high, but a local real estate agent has his doubts about Toll’s ability to move 6,000-square-foot homes that cost more than $1 million, complete with sunken tequila bar and high-definition television on the patio.

The luxury home builder’s Montevista development is at 56th Street and Dixileta Drive, just east of Tatum Ranch in the far reaches of north Phoenix. It is in an area more reminiscent of Cave Creek or Carefree than Phoenix.
Greg Nelson, project manager for Toll, disagrees and says interest is coming from those seeking a move-up home who already live in the area of Tatum Ranch.

“These are the first new homes in the area in 10, 12 years,” Nelson said.

Andrew Holm, a real estate agent who works in the north Scottsdale and Desert Ridge areas, says sales generally have been slow in the area, with good home loans hard to come by. He says a listing he has in the nearby Toll development Windgate Ranch has had only one showing in 30 days.

“I am curious as to how long they will hold on to their pricing strategy,” he said. He said homes at Windgate Ranch have fallen in price over the past year.

He praises Toll as one of the best home builders in the area.

At Montevista, the mountains that are in view are some distance away but are in view nevertheless, especially for those whose second-floor master bedroom decks face the right direction.

Besides the decks, the homes have numerous options. Among them are built-in media centers and libraries, separate sitting rooms off the master bedroom, French doors, fireplaces and a variety of rooms that can be used in different ways.

Toll also offers fancy pools, the sunken tequila bar, covered patios, fountains and different paving options.

Not optional are granite countertops, stainless steel appliances, tiled showers and tub surrounds, solid interior doors, a sink in the laundry room, insulated glass, a high efficiency heat pump, closet upgrades and home security systems. Those all come with the homes. Toll says other builders charge as much as $34,500 additional for those upgrades.

The builder has five model homes on display, the only buildings at the site except for the sales center.

Most of them feature courtyards, generally connected to the front walk, but at least one complete enclosed.

High ceilings in each model add to the spacious feeling of the homes. Some models have two walk-in closets in the master suite. One model has a family room and a great room.

Still under construction is an eco-friendly house, with Energy Star appliances, solar applications and other nods to sustainability.

Greg Nelson, project manager for Toll, says the development will feature a 5-acre park in the center, with sports courts and picnic pavilions, but not the community center that some other Toll developments offer. Small pocket parks with play areas will be scattered among the 302 homesites. Walking trails will be developed along the two washes that bisect the area.

Nelson says the entire development will feature a softer plant palette than might be expected, in an effort to bring people back out to front yards.

The homes are in Phoenix but in an area served by Cave Creek schools. An elementary school is adjacent to Monte Vista.

Home values in the area average about $500,000, but numerous million-dollar homes have been sold in the past year in the area.  

If you are looking for a Toll Brothers home give The Holm Group a call at 480-767-2738.

 

www.theholmgroupaz.com

 

Grayhawk Open House – Saturday February 23rd from 1-4pm

Grayhawk Town Home Open House

Grayhawk Avian # 1140

February 23rd from 1pm to 4pm

Call 480-206-4265 for more details

MLS: 2905208 List Price $519,000

 This home is immaculate and has the best LOCATION for a single level in Grayhawk – Avian. Secluded and secure home with guard and electric gated entry. Next door to Grayhawk Country Club/Golf Course and area shops. Shows like a model with: all neutral colors, upgraded carpet and tile, granite kitchen counters with light maple cabinets, large island/breakfast bar. Dining room / Living room has a 2-way fireplace w/ plantation shutters. Third bedroom has a closet but currently set up as a den/office. Epoxy Garage Flooring. Natural Gas BBQ. Easy show, call owner to schedule. This home is a must see. Buyer to verify all facts.  

If you are looking for a home in Grayhawk click here:  

AZ Central – Desert Ridge – area buildings sold

Michael Clancy
The Arizona Republic
Feb. 7, 2008 10:10 AM 
 

Ryan Companies has sold three of its six buildings in the Desert Ridge area for $81.6 million. The buildings, at Tatum Boulevard and Loop 101, were sold to Parkway Properties of Jackson, Miss.

The sale includes both corporate buildings on the south side of the 42-acre campus. They sit along Loop 101. It also includes a parking garage and a new retail building north of the corporate buildings.  Ryan built and managed all three buildings in the first two phases of its planned four-phase development.The two corporate buildings of 137,000 square feet each are home to such tenants as Humana, First American Title, AT&T and Wells Fargo.

The 18,000 square foot retail center was completed in September 2007 and has one vacancy.

The sale is the first in the Desert Ridge Corporate Center, which ultimately will have eight buildings..

Ryan plans to break ground later this year on Phase III, which will add a third 137,000-square-foot corporate office building and parking structure. Todd Holzer, Ryan’s vice president of development/Southwest, said it should go up in 2009.

The final phase will add another 110,000 square foot corporate building.

“The rapid growth in this area makes Desert Ridge Corporate Center an attractive investment,” Holzer said. “We’ve seen demand for office space in this area skyrocket since first breaking ground on the project in 2004.”

Holzer said Ryan is holding on to two medical buildings on the north side of the property, another parking structure and a separate bank building.

He said the sale follows Ryan’s normal pattern in the Valley and building and leasing office buildings, then selling them.

He said the sale should have no impact on the Desert Ridge neighborhood.

Parkway, in a press release, said it plans to spend an additional $2.25 million on closing costs, tenant improvements, building improvements and leasing costs over the next two years.

Parkway also owns the Squaw Peak Corporate Center on 16th Street near Northern Avenue and the Mesa Corporate Center near Southern Avenue and Alma School Road.  

 If you are looking for commercial property or a residential home give The Holm Group a call at 480-206-4265. 

www.theholmgroupaz.com  

AZ Republic – CityNorth billed as posh urban oasis

Michael Clancy
The Arizona Republic
Feb. 2, 2008 06:40 AM
 The first phase of the multibillion-dollar development CityNorth is under construction, and the developer promises that by the time the project is finished, it will be like nothing the Phoenix area has seen.

A luxury shopping area, a mixed-use development, a new downtown or an urban oasis, whatever people call it, Kenneth Himmel promises, it will draw people from far and wide to live, work and enjoy shopping choices, entertainment options or even environmentally-sensitive architecture.

The first phase, two blocks of an office, shopping, dining and residential street that is taking shape, will be open in October. The developers call it High Street.  Himmel, president and chief executive officer of Related Urban Development, managing partner on the project, was in town last weekend to open the project’s Sales Center, where visitors can get their first close look at what CityNorth is all about.

He is back this weekend, both for the Super Bowl and to promote the development.

Himmel has the highest of hopes for CityNorth, in spite of the nation’s and the area’s economic issues and real-estate downtown. The company, a 50/50 partner with the Thomas J. Klutznick Co., is well-situated to wait things out, he said.

“We’ve never missed yet” with a project of this type, he said, “and we are not going to miss here.”

Related, which promotes its involvement in at least half a dozen similar projects, is overseeing development of the core of CityNorth, 70 acres at the center of the property at 56th Street and Loop 101. CityNorth ultimately will include an additional 70 acres surrounding the core area, which will consist of office buildings along Loop 101 and condos along 56th Street.

The sales center includes several displays aimed at luring home buyers, office tenants and businesses to the project.

The center includes a large scale model of the project’s core, an animated film presentation across five monitors, offices for real-estate sales and samples of the 99 condos offered for sale.

The prices range from about $450,000 to more than $1 million, broker Bill Hammond said. Already, Hammond said, numerous homes have been reserved, although he declined to provide a number.

Besides the 99 residences, High Street will include six restaurants and 44 shops.

Fewer than half have been identified, in spite of promises by the developers, possibly as a consequence of the economy.

A year after High Street opens, the second phase of the project will debut, including more residences, restaurants, shops and at least one department store, Nordstrom.

It will include the area known as the Boulevard, with unique architecture and public spaces.

Himmel said Related will try to build relationships with community arts organizations and others to utilize the Boulevard.

“This is a very comprehensive, complex project,” Himmel said. “Every piece is unusual from a department store’s point of view. We are setting the bar at the top of where they have been.”

At the same time, he said, the project will not be exclusive.

“We are very sensitive not to become a luxury enclave,” Himmel said. “We want to appeal to a wide variety of people.”

On a holiday-season weekend, Himmel said, the development could see as many as 80,000 visitors in a single day.

Renderings and models of the project show modern buildings with clean lines and plenty of glass.

Himmel said the inspiration came from Frank Lloyd Wright, who spent part of his life in the desert at Taliesen West, about 10 miles away.

“This is a modern interpretation of what we think he might do,” Himmel said. “We are defining desert architecture in an urban scheme.”

It will include plenty of glass, arcades, landscaping, misting systems and other means to make summers bearable, he said.

Similarities to Kierland Commons, a much smaller mixed use development at Greenway and Scottsdale roads, are not accidental. Architect Brad Nelsen and his Scottsdale firm were involved in both projects.

The other architectural partner is Elkus/Manfredi of Boston, which has worked with Related Urban on other projects.

Himmel said the project would be LEED certified, a green building designation given by the U.S. Green Building Council. Primarily that means the builders will use sustainable materials, seek to minimize energy needs and attempt to recycle construction waste.



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