Archive for the ‘Adaptive Reuse’ Category

Oasis Spurs Downtown “Renaissance”

Adaptive Reuse continues to revitalized downtown.

“This project is jump-starting a neighborhood renaissance that will benefit the local community as well as Downtown Phoenix for years to come. Providing 60 units of housing for families earning modest incomes could bring people to this neighborhood who have never been here before,” said District 7 Councilman Michael Nowakowski in a press release issued by the City of Phoenix.

Read the full article, “Oasis on Grand.”

Posted in Adaptive Reuse, Downtown Phoenix, News / October 18th, 2011

Oasis on Grand Rejuvenates Downtown

One of many benefits of the Oasis on Grand project is the effect it has had on local crime:

Overall, crime within roughly a half-mile radius of the site has dropped 91 percent in three years, from 726 crimes in 2007, to 63 crimes in 2010, according to the Phoenix Police Department.

Read the full article, “‘Den of sin’ hotel recast into apartments for art community.

Posted in Adaptive Reuse, Downtown Phoenix, News / October 6th, 2011

Oasis on Grand offers, “Instant galleries” to Artists

Excitement grows as Oasis on Grand begins to become a reality.

“What we envision is that the artists on the bottom floor can turn their living rooms into personal studio-galleries,” he says. “I love the idea of seeing a bunch of new galleries opening along Roosevelt open every First Friday.”

Read the full article, “Work Begins on the Oasis Hotel, Soon-to-Be Artist-Friendly Apartment Complex.”

Posted in Adaptive Reuse, Downtown Phoenix, News / April 16th, 2011

HM, Partners Team Up to Acquire Downtown Hotel

The Lexington Hotel, located at 1100 North Central Avenue in downtown Phoenix, Arizona was acquired last month by a development group led by Habitat Metro, LLC, a Phoenix-based development firm, along with Bond HD, LLC, a California based hospitality group, and McKinney Capital Group, LLC, a San Diego real estate development and finance firm.  The property will be repositioned as a contemporary arts focused boutique hotel featuring an expansive public gallery space and a casual, yet sophisticated restaurant and lounge.

Members of the development team recently completed the renovation and repositioning of an existing resort property in Honolulu, Hawaii, converting it into the Waikiki Edition , a Marriott/Ian Schrager lifestyle hotel concept.  The urban resort features a new Morimoto restaurant concept, as well as Ian Schrager’s first night club since Studio 54.  The Edition opened in September to rave reviews.  Bond HD CEO Robert Watson describes the Lexington project as “a very unique opportunity.  Similar to our Hawaii project, we strive to find diamonds in the rough, envision a solution,  execute on the renovation and repositioning, ultimately filling a void in the market place.  We have aggressive, capable capital backing us, we understand how to create solutions, and we have the experience to execute.”  The Lexington is located at the Arts District METRO Station, within two stops from the midtown Phoenix Art Museum and Heard Museum, as well as the Phoenix Convention Center, US Airways Center, Chase Field and the downtown cultural amenities of Symphony Hall and Herberger Theater.

The Lexington was originally developed in 1973 as a 7 story hotel designed by Schoneberger Associates.  In 1984, an eighth floor was added under the firm’s design expanding the room total to its current 108 rooms.  Habitat Metro Principal Tim Sprague stated, “The hotel has been on our radar since we began construction of Portland Place in the fall of 2005.  It has great bones and, unlike most older hospitality properties, it enjoys excellent room sizes including 730 sq ft balcony penthouse suites.  It will find a natural place as the unique boutique choice for the downtown hotel guest.”

The property was acquired from NCA Hotel Partners, LLC, a Scottsdale, Arizona firm which purchased the property through foreclosure.  NCA partner Peter Gooding related, “This was one of the best deals we’d seen over the last couple of years and we couldn’t pass it up. The plans of the new development group far exceed what we originally envisioned.”  Gooding has reinvested in the new concept, confirming his confidence in the property and the downtown Phoenix hospitality market.

The hotel’s redesign will incorporate an additional 8,000 square feet of gallery and meeting space highlighting quarterly exhibits of internationally acclaimed artists.   The new restaurant and bar will incorporate the outdoor ambiance of Portland Street’s City Beautiful boulevard, with focused attention on the downtown neighborhood and travelers seeking the local flavor.  Room designs will continue the art theme allowing guests to “spend the night with the art,” jokes Watson.  Construction is scheduled to begin this summer with an opening slated for early 2012.  Until construction begins, the Lexington will continue operations with a “Last Call” theme of activities celebrating its history.

Habitat Metro principals Tim Sprague, John Hill and Feliciano Vera have been active in the local development community building multifamily and commercial properties since 1979.  Bond HD principals Robert Watson and Paul Guccini are hospitality veterans with 20 year pedigrees that include brand development and regional management with Four Seasons Hotels and Resorts, W Hotels, and Kimpton Hotel and Restaurant Group.  Damian McKinney, founder of McKinney Capital Group, LLC, has 30 years’ experience in national real estate investment and consulting with a focus on value-added opportunities.

Posted in Adaptive Reuse, News / February 7th, 2011

Oasis on Grand Featured Stop On Grand Avenue Re-Dapt Tours Sept. 25th

We tend to be pretty modest about what we do in our little corner of the Universe.  At Habitat Metro World Headquarters, we have a simple rule when it comes to publicity.  We don’t talk.  We act.  And afterwards, we try our best not to blow sparkles.  Just the facts, ma’am, a la Jack Webb.

But we think this is pretty cool.  Our friend, Marshall Shore, the Impresario behind the Phoenix Metro Retro series of talks, dug this old photo up from the archives.  And truth be told, we’ve been slow to let folks know what we have been working on along Grand Avenue.

You see, we remain convinced that in this present time of economic distress and soul-searching, people are reevaluating how they organize their lives and are coming to the conclusion that quality of life matters.  Just check in at any number of coffee shops in downtown or midtown Phoenix, whether it’s Giant Coffee, Fair Trade, or either of the Lola’s – people seem to be flocking to central Phoenix despite any other generalized anxieties they may have.

They are searching for a textured life that is experience rich and unique.

We think we may have something for them up our sleeves.

For those of you unfamiliar with Grand Avenue, it was one of the Mother Roads in Phoenix. Designated as the US 60, it was a way station for travelers after a long drive, and home to a bevy of first and second generation motels, including the Caravan Inn/Oasis Hotel, located at 1501 Grand Avenue.  In its heyday, the Caravan Inn’s blend of kitsch and modern architecture provided a nice respite for its guests, but as auto traffic shifted to the I-10, the Caravan and its sister hotels along Grand Avenue and Van Buren Streets, were consigned to the dustbin of history as particularly inhospitable specimens of single-room occupancy motels.

Our involvement at this site came at the invitation of the Carmody Companies, the site’s present owner.  Tasked with re-imagining the building in its present incarnation, we collaboratively arrived at an exciting solution: we were going to reuse the building to offer affordable housing, with a particular focus on serving the needs of working artists that are already a part of the downtown arts community or who want to become a part of the downtown fabric.

We are happy to announce that we will be initiating (fingers crossed) the adaptive reuse of the Oasis on Grand Apartments within the next few months.  Comprised of sixty studios, one bedroom, and ground-level live-work residences along the building’s Roosevelt Street facade, we believe that the project will be a critical anchor to Lower Grand Avenue’s northern gateway at the intersection of 15th Avenue, Roosevelt Street, and Grand Avenue.  Plus, it will build upon the pioneering efforts of the Grand Avenue Merchants Association to support arts-based adaptive reuse within central Phoenix.

And, we are also pleased to announce that we will be opening up the Oasis, in is present, pre-construction condition, as part of the Re-Dapt Tours during the upcoming Grand Avenue Festival this Saturday, September 25th.  For tickets and information click here.

So come out and join us!  We don’t bite.  Really.

Posted in Adaptive Reuse, GAMA, Grand Avenue, habitat metro, News / September 21st, 2010