By Roland Murphy | AZBEX
A vacant office development on 6.74 acres at the SWC of Lincoln and 5th streets in downtown Phoenix is poised for redevelopment into a 356-unit multifamily development under a proposal from Trinsic Residential Group.
According to the submitted project narrative, the site is currently occupied by a 62.9KSF office development and a surface parking lot. The two-story Lincoln Union office space was an adaptive reuse project that transformed an earlier warehouse in January 2020. Tenant improvements were completed in February 2021 on roughly 11.6KSF as a model office to showcase the building’s potential for prospective future clients. The property has remained unleased and vacant.
A site plan review proposal for Aura Lincoln Union was submitted this May for modification of the existing building as well as new construction that will deliver 82 studios, 202-one-bedroom and 70 two-bedroom units. There is a discrepancy between the various documents on file as to whether the final count will be 354 or 356 units. Since the site plan and fee sheet claim 356, DATABEX will use that as the official count unless and until notified otherwise.
New luxury MF community opens in Vistancia
By Real Estate Daily News SCOTTSDALE, ARIZ. (May 3, 2024) – The Hampton Group, Inc., a Scottsdale-based development corporation with a primary focus on building,
