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Phoenix City Council to vote on deals for new Warehouse District hotel, 19-story office tower on Roosevelt Row

Posted by   /  January 7, 2020  /  No Comments

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By Mike Sunnucks | Rose Law Group Reporter

The Phoenix City Council is scheduled to vote tomorrow on two downtown development deals.

One deal involves a GPLET (Government Property Lease Excise Tax) deal for a new 140-room hotel in the Warehouse District near Jackson and Second streets.

Anish Hotel Group / NIXDT LLC wants to build the 6-story hotel on the Fuller Paint Warehouse Property.  Plans call for the historic warehouse to be renovated as part of the $21 million hotel development.

The hotel plans came out of city request for proposals (RFP) for the property.

The Phoenix City Council is also scheduled to vote on an updated development deal with True North Studio for a new phased development in the Roosevelt Row area.

True North Studio is developing 354,000 square feet of office space, 77,000 square feet of retail space and 1,100 parking spaces on parcels at Roosevelt and Second streets on the north end of downtown Phoenix.

The development deal being considered tomorrow entails stipulations related to a third phase of the development which is a planned 19-story office tower. True North Studio has requested two 6-month extensions be part of the deal to help it comes to fruition.

The True North Studio development plans have also included a renovation and preservation of the Knipe House, a historic residence built in 1909.

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  • Published: 5 months ago on January 7, 2020
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  • Last Modified: January 8, 2020 @ 3:53 pm
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