Mid-Town Phoenix Development Opportunity

3rd Street and Catalina, Phoenix, AZ

General Information

  • Square Footage: 3400SF+- each building currently on-site.
  • Area: Mid-Town Phoenix
  • Lot Size: 24,750SF+- Combing Two Parcels
  • Architecture: Modern Architecture
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Price:  $3,500,000.00

Status:  For Sale

Description

Now available! Two contiguous parcels with buildings available for redevelopment. The flexible nature of this luxury residential urban in-fill site makes it perfect for a variety of uses and adaptations from luxury condominium homes, luxury apartment living, superior Class-A office, or even a luxury boutique hotel. Exclusively represented for sale by Jarson & Jarson Real Estate. Shown by appointment only. NDA required for material packet. Offered at $3,500,000.00.

Combing two parcels to total 24,750SF+- , the current City of Phoenix zoning is [R-5] Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 43.5 To 45.68 Or 52.2 W/Bonus) and the site is located in the City of Phoenix Transit Overlay District (TOD), under which variances may allow for greater height, density and reduced parking. As configured, the project retains and integrates two existing steel post and beam buildings.

The Current Concept Design (for comparison only):

Introducing- The Alfred.  A luxury residential urban in-fill project concept located in booming Mid-Town Phoenix Arizona. The Alfred concept offers modern architecture and straightforward construction that make this project desirable, scalable and affordably built.

Combing two parcels to total 24,750SF+- , the current City of Phoenix zoning is [R-5] Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 43.5 To 45.68 Or 52.2 W/Bonus) and the site is located in the City of Phoenix Transit Overlay District (TOD), under which variances may allow for greater height, density and reduced parking. As configured, the project retains and integrates two existing steel post and beam buildings that were designed by noted Arizona Mid-Century Modern architect,  Alfred Newman Beadle. The Project name is an homage to his design, legacy and contribution to the immediate area and the State.  The Beadle name adds cache and instant local recognition for the project.

As conceived, new construction totals 43,600SF+- excluding parking with five levels of units above 26 spaces of on-grade parking and circulation. Floor plates of each of the five levels are approximately 8,720SF+-/floor.  Unit counts are sixteen(16), 2-bedroom 2 bath homes w/office area totaling 1,650SF+- of Interior space and 340SF+- of inset exterior balconies each: and two (2), 3-bedroom 2.5 bath Penthouse homes w/den area totaling 2500SF+- of interior space and 1400SF+- of open air deck and inset balconies.

Each home in this design would offer an open “great-room” plan which remains an enduring and desirable feature.  All homes have excellent natural light and inset balconies for ease of construction. Open-to-air centered access corridor allows for a private entry for each home for a luxury experience.

The two existing buildings incorporated into the site are 3400SF+- each and could be used as mixed-use retail, or as conceived, become project amenities such as work out/yoga facility, on-site bike storage, cafe’ or community room.  TOD bonus may allow for reduced parking making these valuable commercial assets and could serve as on-site showrooms during sales and construction.  These buildings could allow room for a community pool and spa; the building roofs could park solar or roof-top community gardens.

The project package includes a package of the two sites and existing buildings, improvements, and basic architectural concepts by A-I-R INC as shown.  As desired, A-I-R INC stands ready and available to completed the architecture and planning necessary to complete the design. A-I-R fees are not included in this sale.

Project intent:  The flexible nature of The Alfred concept makes it perfect for a variety of adaptations and uses from Luxury Urban Condominium homes, Premium luxury apartment living, or superior Class-A office as the market for any of these uses may be proven.  The potential for mixed-use development is very good and would fit in context with the area.  Additional height could be explored in this location with minimal difficulty.

As designed, the building is conceived to be easily permitted within the current zoning without issue.  The building could be completed using steel or wood framing, and is elegantly appointed with crisp modern architectural lines incorporating steel and glass detailing that is straightforward and well within the skill-level of our local building community.   The site and concept could scale with ease into a project of most any size, unit type, detailing or count within current zoning and still meet the cost rigor required in our marketplace.

The site commands the corner offering defined view corridors that should remain unchanged for decades.  The desirable N/S configuration allows for both mountain and city-light views fro the premium units.  With the TOD and high-rise zoning, the site retains the potential for some of the best views and greatest density in all of Mid-Town Phoenix.

Sold only as a package of two parcels The Alfred is exclusively represented for sale by azarchitecture Jarson & Jarson Real Estate and is offered at $3,500,000.  It is shown strictly by appointment. DO NOT DISTURB OCCUPANTS.

NOTEAll architectural renderings and illustrations reflect an artistic interpretation of the actual project and may differ from actual built environment. Materials and sizes are for comparison only. Square footage is approximate. All marketing materials, text, plans, elevations, renderings and architectural designs are protected under copyright law; ©2021 A-I-R Architects Inc.; marketing, text and design ©2021 Jarson & Jarson LLC. All rights reserved.  CONFIDENTIAL: The information shared with prospective buyers contains privileged and confidential information and will require appropriate non-disclosure agreements.

Features

2 Contiguous parcels with buildings available for redevelopment.
Combing two parcels total 24,750SF+-
Current City of Phoenix zoning is [R-5] Multiple Family Residence
(Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 43.5 To 45.68 Or 52.2 W/Bonus)
Site is located in the City of Phoenix Transit Overlay District (TOD)
As conceived, new construction totals 43,600SF+- excluding parking
The two existing buildings incorporated into the site are 3400SF+- each and could be used as office or mixed-use retail,
The project package includes a package of the two sites and existing buildings, improvements
Architectural concepts by A-I-R INC as shown – copyright 2021
A-I-R fees are not included in this sale.
Sold only as a package of two parcels
NDA required for material packet

DO NOT DISTURB OCCUPANTS

CONTACT:

Scott Jarson – 480.254.7510

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