Light rail Completion date: December.
Significance: The 20-mile light rail line is expected to be a crucial resource for downtown commuters and tourists. It links key downtown Phoenix spots sports venues, hotels, restaurants, employers and ASU’s downtown campus to Mesa and Tempe.
Cost: 1. 4 billion.
Walter Cronkite School, Taylor Place dorms Completion date: August.
Significance: The ASU downtown campus opened in 2006, but these two projects will expand it. ASU’s new journalism school building is expected to bring 1, 000 additional undergraduates to the campus and the first Taylor Place tower can house 750 students. The second tower, which opens in 2009, can house 550 students. By 2015, 15, 000 students will take classes taught by downtown faculty.
Cost: Journalism building 71 million; dorms 150 million.
Phoenix Convention Center expansion Completion date: December.
Significance: The North Building which is three times the size of the West Building that opened in 2006 will welcome its first visitors in January 2009. The project will help elevate Phoenix s status among rival convention destinations, the city says. The expansion gives the convention center 900, 000 square feet of meeting and exhibition space and is expected to bring 500 million in annually direct spending by convention visitors.
Cost: 600 million. West Building and North Building 44 Monroe Completion date: June.
Significance: This June, Scottsdale developer Grace Communities expects to finish the first dozen floors of its 34-story high-rise the tallest residential building in the state. By August, the rest of the building interior will be completed. The 196-unit condo tower will bring more full-time residents to downtown, a key component of long-term plans to bring vitality and foot traffic to the neighborhood.
Cost: 160 million.
Sheraton Phoenix Downtown Hotel Significance: The 31-story Sheraton project will be the largest hotel in the state and will have 1, 000 rooms. The hotel will help fill the need for more rooms in downtown Phoenix and will help satisfy increased hotel demand that’s expected when the expanded convention center welcomes its first visitors in January.
Cost: 350 million.
source
bookmark this post:
Related articles:
allianz sells German commercial real estatexx to whitehall funds for 1,7 bln eur
hitwise Ranks REALTor.com as top material estatexx search designation
Reducing Your Square Job Costs And Expenses.
East Palmdale CA Real Estate Market Conditions, Tuesday, February 19, nbsp; 2008.
Where Cast All The Home Buyers In Loudoun Protectorate Over?!.
