Caliber, The Wealth Development Company purchased eight buildings comprising nearly 100,000 square feet in downtown Mesa for $7.5 million. The company is partnering with Habitat Metro, the Phoenix multifamily developer that has plans in place to build two high-end apartments in downtown Mesa.
Read the full article, “Developer buys 8 Mesa buildings; tenants plan to move“.
Eight buildings in downtown Mesa were purchased for $7.5 million by real estate investment firm Caliber – the Wealth Development Co. and infill developer Habitat Metro as they plan redevelopment efforts. The deals could bring new restaurants and office space to Mesa’s Main Street. The properties all are along Main Street between Country Club Drive and Main Street.
Read the full article, “New restaurants, office space could come to downtown Mesa after several buildings sold“.
“Mesa’s next,” said Tim Sprague, Habitat Metro principal. “Think about it. You’ve got light rail …you’re a hop, skip and a jump away from any place in the Valley.”
Read the full article, “Habitat Metro plans second apartment project in downtown Mesa“.
“The Phoenix Community Alliance (PCA) held its Annual Member Luncheon Meeting on Thursday at Galvanize Phoenix, an innovation campus that opened in the Phoenix Warehouse District in March, and joined PCA in June. As the diverse PCA membership convened for the final time in 2017, it celebrated individual contributions……Presentation of Center City Starr Awards to 2017 recipients Councilwoman Thelda Williams (Phoenix City Council District 1), Larry Lazarus (Lazarus & Associates), (Arizona State University) and Tim Sprague (Habitat Metro).”
Read the full article, “Tim Sprague honored at Center City Starr Awards“.
“Is it a hotel or an art museum? It’s a question posed by Phoenix Mayor Greg Stanton during remarks at the soft opening of the Found:RE hotel on Tuesday, October 25. Stanton joined dozens of invited guests gathered poolside at the hotel, praising the vision of Tim Sprague, principal for the real estate development firm Habitat Metro.”
Read the full article, “Here’s a Look Inside Found:RE Hotel in Downtown Phoenix“.
When you build local projects like we do, you know that the drive to ‘go local’ is no fad. It’s a movement we, and others, have embraced for decades because it’s an extension of who we are.
Read the full article, “Placemaking Phoenix: Habitat Metro & Local Focused Development“.
Experts say Arizona has said goodbye to the recession and the commercial real estate industry can expect slow, steady growth in 2016. But it takes innovative companies with creative leaders to be catalysts to that growth. AZRE magazine casts a spotlight on 40 leading-edge companies who will likely leave their marks on the commercial real estate industry in 2016.
Read the full article, “40 Companies to Watch in 2016“.
There are a
cadre of developers, designers and architects with a new focus on infill and adaptive reuse projects across the Valley. One of those leading that charge is Tim Sprague, a principal with Habitat Metro LLC.
Read full article, “2015 Businessperson of the Year: Tim Sprague“.
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.
Top Hotels in The Southwest and West: Readers’ Choice Awards 2017