Downtown Tucson Apartments One East Broadway, One West Broadway & Two East Congress Lofts
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where you can live, work and play! APRIL 5, 2019 PRESENTED BY GREAT TEAM GREAT BUILDER GREAT CLIENTS Check out how we’re building to make a difference at chasse.us Welcome to MPA’s 15th annual Wild Ride: The Wild Downtown Tour! Our 2019 Wild Ride will take you and hundreds of high-level public and private land development professionals on a ground level tour that showcases successful community investment, development and redevelopment in the heart of downtown Tucson. On today’s walking tour, we will explore how local development and investment spurred a downtown renaissance and created a synergistic hub where people can live, work and play! Get ready for a fun filled afternoon as we explore our way through downtown, filling up our bingo cards. This year’s tour will feature three main stops, each one focused on projects fulfilling the theme of live, work and play. In addition to the main stops, you can choose from an additional 7 locations and presentations to attend, no two alike! Thank you for joining us on our Wild Downtown Tour, we hope you have just as great of a time on this tour as we have had putting it together for you! Allyson Solomon Executive Director, Metropolitan Pima Alliance 2019 Wild Ride Committee Chair Lisa Bowers – Tucson Expediting & Development; Vice Chair Camila Martins-Bekat– Tucson Electric Power; Trevor Buhl – Chasse Building Team; Jeff Dupuis – Chasse Building Team; Donovan Durband - Park Tucson; Tim Johnson – JStudio; Terry Klipp – Terramar Properties; Megan Magee – Barker Contracting; Linda Morales – The Planning Center; Fred Narcaroti - Ninyo & Moore Geotechnical & Environmental Sciences Consultants; Mike Polletta – Cadden Community Management; David Ramsower – Retired; Corey Thompson – Stantec Consulting Services; Lexy Wellott – The Planning Center 2019 Board of Directors Cody McGuire, Chairman – National Bank of Arizona; David Ollanik, Incoming Chairman – Sundt Construction; Lisa Bowers, Past Chairman, Tucson Expediting & Development; Kelsey Bradley, Treasurer, Debenedetti Company; Jack Clements – The Clements Agency; Peter Dourlein – The University of Arizona; Walter Hoge – Rio West Development & Construction; Rory Juneman - Lazarus, Silvyn & Bangs; Jeff Kiewel – Goodmans Interior Structures; Terry Klipp – Terramar Properties; Rob Lamb – GLHN Architects & Engineers; Camila Martins-Bekat – Tucson Electric Power; Linda Morales – The Planning Center; Shannon Murphy – Diamond Ventures; Tom Nieman – Cushman & Wakefield | PICOR; Paul Pena – Lloyd Construction; David Ramsower – Retired; Marc Simon, Counsel to the Board – Snell & Wilmer; Lucinda Smedley – TREND Report; Ryan Stucki – Engineering & Environmental Consultants; Alice Templeton – Barker Contracting; Perry Whitthorne – Holualoa Companies; Kim Wolfarth – DLR Group Metropolitan Pima Alliance Staff Allyson Solomon Emilia Elrey Executive Director Operations Manager MPA 2 E. Congress, 6th Floor Tucson, AZ 85701 O: (520) 751-1030 www.mpaaz.org Anyone who’s lived in Tucson for long knows that downtown development has been on a “Wild Ride” over the last several years. When you embark on MPA’s “Wild Ride” tour, you’ll experience first-hand the excitement that’s taken hold in this area, and how it has added many options for Tucsonans to live, work and play in our downtown. Tucson’s downtown may not have a large geographic footprint, but it has outsized importance for our city. An entertainment hub that boasts concerts, fine dining, galleries and professional sports, downtown Tucson is also home to a growing tech sector and co-working spaces. These days, there’s a lot more to downtown than government buildings. Since the city built the streetcar line and created the Central Business District, which allowed us to offer a GPLET incentive, downtown has really taken off. A new grocery store. A new hotel, with more in the works. New housing, and new office, restaurant and retail space. Downtown has also benefited from the Infill Incentive District (IID), alternative zoning that allows for greater density and transit-oriented development. The Metropolitan Pima Alliance was one of many business and residential stakeholders that participated in creating the IID. Enjoy the tour and forget what you thought you knew about downtown. Today, Tucson’s downtown has some of the hottest investment opportunities in the Southwest. Jonathan Rothschild, Mayor of the City of Tucson Rio Nuevo, Investing in Downtown Tucson “This is our time”, said Fletcher McCusker, Rio Nuevo Chairman since 2012. “Downtown Tucson has become one of the top ranked urban environments in the west. We are now a destination for food, music, corporate headquarters and soon retail and residential. Look out Austin!” The Rio Nuevo Tax Incremental Financing District, charged with the revitalization of Tucson’s downtown, was recently extended by the Arizona legislature for an additional ten years. This “when pigs fly” moment is the result of 6 years of very successful, productive downtown projects that have created over $2 billion dollars of economic development for the region. Since 2013 Rio Nuevo projects include: the renovation of the Tucson Arena, the AC Marriot Hotel, the Greyhound Terminal, Cathedral Square, The Marist, The Mercado Annex, Caterpillar Headquarters, Hexagon Mining Headquarters, City Park, Playground, The Hub, Elvira’s, Ten55 and The Monier. Some of the biggest Rio Nuevo projects are on the horizon, like: The Rialto Marriot, The Cathedral Square Hilton, The TCC DoubleTree Hotel, Toole Avenue Restaurant, Presidio Café, The Volvo Site, the Tucson Convention Center remodel and Broadway’s Sunshine Mile- 40 city acquired properties along the widened Broadway. Rio Nuevo receives a portion of the state sales tax from downtown and east out Broadway. The board members are appointed by the President of the Senate, the Speaker of the House and the Governor. The Rio Nuevo mission is to create new development and support private developers in the downtown core. For more information go to www.rionuevo.org. Downtown Profile | Overview A city’s strength and prosperity depend on a strong downtown and center city, which serve as centers of culture, knowledge, and innovation. The performance of downtowns and center cities strengthens the entire region’s economic productivity, inclusion, vibrancy, identity, and resilience. Emerging from a significant slowdown in the local economy, downtown Tucson has entered a period of revitalization led by new developments that builds on the success of the modern streetcar and the tremendous investment of the Rio Nuevo Tax Increment Financing District. At 4.5 square miles, downtown makes up only 2% of Tucson’s total land area. Downtown recorded a 5% increase in residential population from 2010 to 2018 with more than 15,000 residents. During the same period, the city and region experienced slight growth, increasing by 2% and 4% respectively. The number of downtown residential units increased at a similar rate, 5.3%, during this period to reach more than 7,000 units downtown in 2018. Downtown Tucson is an employment center with a high density of workers and 20% of total citywide office space. 16% of all jobs in Tucson are downtown. Residential Population Population Share of City Residents/Sq. Mile Growth 2010-2018 Downtown 15,779 3% 3,483 5% City 527,586 N/A 2,284 2% Region 1,003,338 N/A 109 4% Diocese Cathedral Square Address: 192 S. Stone Ave. Project Details: Size of Property - 3.57 AC; Size of Building - 86,671 SF; Zoning - C-3; Developer - Diocese of Tucson; Contractor - Diversified Design & Construction; Engineer - Cypress Engineering, PH Mechanical, Electrical Design Associates, Schneider & Associates, S&W Acoustics, The WLB Group Architect - The Architecture Company; Owner - Diocese of Tucson Type of project/business: Headquarters for the Diocese of Tucson Year project began/built: 2007: Placita; 2008: Cathedral; 2014: Our Lady’s Chapel; 2015: Marist College; 2016: Conference and education center Development or economic development incentives utilized: Rio Nuevo awarded a grant to develop Ochoa Street. Economic impact on downtown Tucson: The completion of Diocesan Conference and Education Center will allow the Diocese to hold their bi-annual conferences at the Tucson Convention Center for 3,000 attendees from all over Arizona. Fun fact about project: Until recently, it was unknown that the idea of a “Cathedral Square” was original proposed in the 1960’s and it has taken almost 60 years to come to fruition. Downtown Tucson Apartments One East Broadway, One West Broadway & Two East Congress Lofts Owners: Rob Caylor and Art Wadlund Developer: Rob Caylor and Art Wadlund Contractor: Caylor Construction Company Engineer: Adams and Associates Engineers PLLC Architect: Engberg Anderson Project Details for One E. Broadway: 24 Apartments; 26,434 SF Office; 2,692 SF Retail; 114 Parking Spaces Type: Mixed Use Year project began/built: 2012 Development or economic development incentives utilized: GPLET Fun fact about project: This was the first property that combined Retail, Office, Parking and Multifamily in the downtown core. Project Details for One West Broadway: 40 Apartments; 8,215 SF Retail; 51 Parking Spaces Type: Mixed Use Year project began/built: 2015 Fun fact about project: Approximately 1/3 of the tenants upon initial occupancy sold their larger homes to move downtown into a smaller rental apartment. Continued next page Downtown Tucson Apartments - continued Project Details for Two East Congress Lofts: 21 Apartments; 43,308 SF Office; 6,764 SF Retail Type: Mixed