April 24, 2024 5:19 pm
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Phoenix issues RFP for downtown parking garage redevelopment

By Mike Sunnucks | Rose Law Group Reporter

The city of Phoenix has issued a request for proposals (RFP) for potential redevelopment of a downtown parking garage site.

The city wants is soliciting development plans for Regency Parking Garage at Second and Adams streets.

The property is next to the Phoenix Convention Center and Hyatt Regency Phoenix hotel.

The city is looking for mixed-use development proposals for the downtown site which is also on Metro light rail. A developer could lease the parking garage land from the city or buy it, according RFP documents.

A developer could also propose buying the 0.974-acre property. The city’s minimum asking price is $11.75 million

Downtown Phoenix has seen several new developments including apartments and the Block 23 mixed-use development. There are also plans for a development at the Central Station transit hub.

Development bids and proposals are due Sept. 24. City staff plan to send recommended proposal to the Phoenix City Council in April 2020.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.