The City Council has given the green light to issue a request for proposals for the Regency Garage. Located at Second and Adams streets, it has about 500 parking spaces and nearly 23,000 square feet of ground floor commercial space.
Phoenix wants a mixed use development that includes a full-service hotel with at least 400 rooms. An outside consultant’s study found the city needs 800 to 1,200 more hotel rooms to stay competitive with convention business.
Interested developers must show they’ve successfully completed a mixed-use development of at least seven stories within the last five years.
According to information provided to the council, the request will seek proposals that:
- Provide a full-service hotel with no fewer than approximately 400 guest rooms.
- Capitalize on the site's prominent downtown location and proximity to the Phoenix Convention Center.
- Support the long term expansion needs of the Phoenix Convention Center and the city's convention and visitor industry.
- Implement the Adams Street Activation Study recommendations and other relevant city plans.
- Are consistent with the Downtown Strategic Plan goals.
Responsive proposals will be evaluated by a panel including city staff and community representatives. The evaluation criteria will be:
- Concept to activate the Site: 0-375 points
- Return to the city: 0-350 points
- Proposer's qualifications and experience: 0-275 points
Following negotiations with the recommended proposer, staff will present business terms to the Economic Development and Housing Subcommittee for review and recommendation and subsequently to the full City Council for approval.
-
Food trucks might seem like a given in Phoenix’s culinary scene today, but they’re actually a pretty new phenomenon — and they’ve had their ups and downs over the last decade or so. -
Insurance companies are raising premiums on homeowners in parts of Arizona, and in some cases pulling out of markets entirely, citing increased wildfire risks. One lawmaker suggests a federal fire insurance program. -
SRP announces a grant that provides the Phoenix Zoo with funding and resources that will improve its water conservation. -
While they’re not mining yet, Resolution Copper is slowly digging its way toward the lucrative ore. In fact, the site is already home to the deepest single-lift mine shaft in North America, and KJZZ’s Gabriel Pietrorazio goes thousands of feet underground to see it for himself. -
There are a lot of snowbirds from Canada, but now, that number is dropping a bit. Partially due to the currency exchange, but, there’s something else going on.
