Source: Western Vertical Holdings
Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, has begun construction on Phase 1 of The Colony, an adaptive re-use project located on 7th Street just north of Missouri Avenue in Phoenix.
The Colony will be a 22KSF infill redevelopment built in two phases. The project is located in what is becoming an emerging local restaurant district in Central Phoenix. The first phase of the project is a renovation of a building originally built in the 1950s, which has stood mostly vacant in recent years. Terry Brodkin of Scottsdale was the owner of that building and is a partner in the first phase of The Colony.
Phase 2 will be a newly built, ground up 8KSF building on the north side of the development, which will begin construction this summer and is expected to be open 2nd quarter of 2016.
The Colony will be just south of The Yard, Sam Fox’s popular multi-restaurant destination which was formerly a motorcycle garage and dealership. The area between Central Avenue and 7th Street, north of Camelback Road and south of Glendale Avenue, is emerging as a destination for dining with The Yard, St. Francis, Postino, Joyride, Federal Pizza, Windsor and Churn locating in the area.
“Our goal is to bring the Best of Local to The Colony. We’ve had numerous overtures from national tenants and we have respectfully declined them every time,” said Bob Agahi. “The passion, creativity and experience you get from a local operator is unparalleled to a national chain.” Agahi is also a partner in Scottsdale-based Triyar Companies.
Michael Rumpeltin, founder of Phoenix-based Brick & West Design, is the project designer. Rumpeltin has designed some of the most high-profile restaurant concepts in the Valley including Culinary Dropout and Little Cleo’s at The Yard Phoenix, Old School 07, Joyride Phoenix, Dakota, Comoncy, Taco Guild and Postino Tempe.
In April, Sellers and Agahi will develop another project also designed by Rumpeltin, a single tenant building at 7th Street, south of Montebello Avenue, located diagonally across the street from The Colony. A Pomo Pizzeria Napoletana will be the tenant. The existing Planned Parenthood facility will be razed for the new 5,800SF restaurant.
That project is slated to open in the 1st quarter of 2016.