Posted Jun 17, 2011, 6:54 PM
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ITEM 73
DISTRICT 8
ISSUE RFP FOR THE TRANSIT-ORIENTED DEVELOPMENT OF A MULTIFAMILY/MIXED-USE PROJECT IN DOWNTOWN PHOENIX
Request to authorize the City Manager, or his designee, to issue a Request for Proposal (RFP) for the transit-oriented development of a multifamily/mixed-use project on a block and a half area bounded by Roosevelt, McKinley, 3rd and 4th Streets in downtown Phoenix and to begin conditional negotiations for such development with the recommended proposer.
Per the City Council adopted Downtown Strategic Plan, additional housing units are needed downtown to support existing and new businesses as well as cultural venues and the light rail system. With the growing entertainment and quality of life amenities downtown, as well as the expansion of academic institutions, there is demand for market-rate rental housing in the urban core.
This request will allow staff to solicit proposals for an appropriate multifamily/ mixed-use development downtown that will create jobs, increase the community's tax base, and meet the demand for dense, urban residential development that is in walking distance to a light rail station.
The recommended proposer and project would be presented to the Downtown, Aviation, and Economy Subcommittee and then to the full City Council prior to the City entering into any contracts.
Financial Impact
There is no cost to the City to issue the RFP and begin negotiations.
This item is recommended by Mr. Krietor and the Community and Economic Development Department
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Isn't part of this area supposed to be the student housing plan that's already been approved? Seems odd that they're including that portion at all. Hopefully it get's clarified some point in the future. Otherwise, good win for the area.
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