“We’re entertaining ideas for entertainment, employment and housing for downtown,” Teri Killgore, Chandler downtown redevelopment manager, tells AZBEX during the writing of the three-part series about economic development in the Southeast Valley city. Now, seven acres set for mid-rise multifamily housing is on the market.
Identified as Site 5 on the downtown properties map, the property is south of Frye Rd. between Washington and Delaware streets south of the Municipal Courts building and the ASU Innovation and Technology Center. Already pegged for 18 to 40 units per acre, the city, according to Killgore, would look at higher densities if the project were “right for downtown.”
“We’re prepared to help bring a potential developer together with the seller,” says Killgore. “Whatever needs to be done, we’ll do what we can to get quality building in downtown. We obviously need some to serve existing businesses along with the new UofA and Arizona State University campuses.”
Getting more population downtown is a big part of Chandler’s vision for the area. The city identified a number of parcels available for residential development at a scale appropriate to a city center. Site 5 is the first of the parcels to come onto the market. The city expects to release an RFP early in 2013 for its property near the San Marcos Hotel. The San Marcos Hotel is also on the market.
The seller, Texas-based Commercial Metals Co., last occupied the site in 2009 for steel fabrication. Although it was not a “brownfield” heavy industrial use, an environmental assessment is being prepared. Jones Lang LaSalle is generating interest in the site, but has not set a price for the acreage.
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