April 25, 2024 5:07 am
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Losing bidder for Rio Nuevo project protests competitor’s selection

Peach Properties HM, Inc., proposes a 160 room Drury Hotel and more than 320 apartments. The plan calls for 320 market-rate, workforce-priced units plus an unquantified number of affordably priced units. Renderings courtesy of Rio Nuevo District Downtown Redevelopment and Revitalizations District.
Peach Properties HM, Inc., proposes a 160 room Drury Hotel and more than 320 apartments. The plan calls for 320 market-rate, workforce-priced units plus an unquantified number of affordably priced units. Renderings courtesy of Rio Nuevo District Downtown Redevelopment and Revitalizations District.

By Darren DaRonco | Arizona Daily Star

Rio Nuevo’s attempt to develop a downtown parcel hit a snag.

Peach Properties, one of two groups that bid on 8.5-acres of Rio Nuevo property where the Greyhound station sits, filed a protest on how the bid was awarded.

Ron Schwabe , Peach Properties CEO, contends board member Alberto Moore violated district policy to remain impartial when he announced his preference for Allan Norville’s proposal before the board scored the proposals. Moore then gave Peach’s proposal a scant 70 points out of a possible 1,000 for the oral presentation.

Continued:

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© 2024 Rose Law Group Reporter

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