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Regency Parking Garage Mixed-Use Development

Sector: Hotel • Location: Phoenix, Arizona, United States

Source: Connect CRE

Project
Planned

The City of Phoenix has released a proposal request for a developer to convert the site of the six-story, 202,000 square foot Regency Parking Garage at the SWC of 2nd and Adams streets downtown into a mixed-use project expected to include a 400-room hotel. The project involves an annual ground lease payment to the city starting at $750,000 with a minimum 3% annual increase for up to 99 years.

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Project Information

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The project “Regency Parking Garage Mixed-Use Development” is an infrastructure initiative in the Hotel sector, located in Phoenix, Arizona, United States. Taiyo aggregates data on it from Connect CRE.

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Participants

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Status

Original status

planned

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Description

Description

The City of Phoenix has released a proposal request for a developer to convert the site of the six-story, 202,000 square foot Regency Parking Garage at the SWC of 2nd and Adams streets downtown into a mixed-use project expected to include a 400-room hotel. The project involves an annual ground lease payment to the city starting at $750,000 with a minimum 3% annual increase for up to 99 years.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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