The City of Phoenix is seeking developers to build new residential and commercial projects under two different requests.
The City wants to sell three properties featuring 11 residential/multifamily lots and one commercial lot in its West Sunnyslope and Village Center areas. The properties are located at:
- 1121 W. Ironwood Drive, 8825 N. 1st St., 8817 N. 2nd St. and 8844 N. 2nd Way;
- 415-501 E. Puget Ave., and
- 8930 N. 3rd St.
The combined 12 lots have been appraised at $1.45M. Phoenix wants an area-compatible development for each property that will deliver single- and multifamily housing units. A minimum of 50% of the residences should be targeted to households earning 80% or less of the Area Median Income.
Responses are due March 22.
Phoenix also wants a developer for a 3.2-acre site in Midtown at 32 E. Columbus Ave. to build a mixed-use multifamily project targeted to mixed-income residents. The City will provide a ground lease to the successful applicant.
The Central and Columbus site is next to an existing apartment community and is zoned under the Walkable Urban Code and Transit Midtown Character area. Heights of up to 100 feet are allowed under the zoning. To be eligible, submitting firms must have completed a minimum of two vertical mixed-use projects of four stories or more in the last five years.
The development proposal will have to include at least 250 multifamily units, at least 50% of which must be targeted to households at 80% of the AMI. Ground-floor commercial or other community/neighborhood-accessible components are also required.
Applicants must state their intent by April 12, and final applications are due April 19. (Source)