News Ticker

‘Psycho’ Building Slated for Condos

By Brenna Goth for AZCentral

The “Psycho” building, one of the downtown Phoenix landmarks that made a cameo in the Alfred Hitchcock thriller, could be converted into condos, restaurants and shops at a prominent intersection in the urban core.

The city is again considering selling the 1915 Barrister Building for redevelopment after a previous plan for the site fell through. The roughly $50 million project, called Jefferson Place, would preserve the tower on Central Avenue and Jefferson Street and include new, adjacent construction.

Crescent Bay Development Services LLC, would buy the building for $2.28 million and could be reimbursed up to $1.9 million for aspects of the project focused on historic preservation and infrastructure improvement. The City Council is expected to vote on the proposal June 22.

Revitalizing the vacant building would create momentum in an area of Phoenix where old already meets new, said Geoff Beer, principal for Crescent Bay Holdings, part of the development team.

The site is surrounded by CityScape, the historic Luhrs City Center and a planned light-rail extension on Central Avenue. Jefferson Place would help complete the gateway to the Warehouse District just south of it, Beer recently told the city’s Historic Preservation Commission.

Vacant building to get new life

The development aims to complement the historic aspects of the Barrister Building while distinguishing what’s new, project leaders said. The building is on the Phoenix Historic Property Register.

The team would restore the original brick facade and give the city a conservation easement ensuring it is preserved. The roof could be returned to an amenity level like it was at the original hotel, Beer said.

And developers designed two new buildings that avoid blocking the view of the original six-story tower, Beer said. One will be six stories and the other approximately 15.

Jefferson Place would include at least 88 condo units, though the final residential and parking count have yet to be finalized. Both the old and new buildings are slated for street-level restaurants and retail targeting local businesses.

Read more at AZCentral.

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