YEAR-END MYSTERY RE-FI DEAL: 6th Time Around for City Manager Chris Brady

What's with This: Item 6-c A Resolution on the December 8,2021 Mesa City Council  Agenda.

NO RECORDS TO DISPLAY

 

 

 

 

It is one of 36 Items with Meeting Details that maybe city officials want the public to miss

 

 

File #:

21-1307

Type:

Resolution

Status:

Agenda Ready

In control:

City Council

On agenda:

12/8/2021

Title:

Authorizing the City Manager to enter into a Sixth Amendment to the Development Agreement, a First Amendment to the Amended and Restated Ground and Air Lease, and a First Amendment to the Amended and Restated License Agreement for the development commonly known as The GRID, a project on City-owned property, generally located at the southwest corner of Main Street and Pomeroy at 233 East Main Street and 34 South Pomeroy and granting an option to purchase the associated land and air rights. (District 4)

 

Like they say this has a lot of history and background - it goes back to 1883

 

October 2017

22 October 2017

Mesa Council Study Session Mon 16 Oct 2017

Item 6A started in 1883 and Mark Freeman wants some history and he gets it from Director of Downtown Transformation Jeff McVey who stumbles quickly through an update on what was a 2.75-acre parcel that's now 3 1/2 acres -

NEEDS A ZONING CHANGE to include some townhomes along a short stretch of Pomeroy Street that was just a drive-in to a parking lot for BenU and a 3-story parking garage behind Mesa Supreme Court
WHAT IS IT? 2 new 7-story buildings - watch for some details
Mayor John Giles tunes in with some mumbo jumbo about "vertical/urban" ???

. . . and here's A Conceptual Rendering of what it might look like in an exaggerated perspective rendering of a something they added called "Gateway Park" that looks about three times as big as the real space

 

15 November 2017

Jeff McVay, Director of "Downtown Transformation" just announced this morning on KJZZ FM that the City of Mesa is offering $3,000,000 of "incentives" to entice a developer for one of the projects at 300 E Main/Pomeroy Street on what was city-owned property for two 7-story "micro-apartment" [350 sq Ft] and mixed-use commercial/office towers atop the 3-story public parking garage for Mesa Superior Court and 14 row/townhouses on Pomeroy Street by the 3W Management Group.

 

 

 

 

July 2018

18-0840

4-c

Resolution

Approving and authorizing the City Manager to enter into a Second Amendment to the Development Agreement for the development commonly known as The GRID, for City-owned property generally located at the southwest corner of Main Street and Pomeroy and property located at 34 South Pomeroy. The Second Amendment revises the development compliance dates and the permit fee payment schedule (District 4)

 

1

Proposed sale of Pomeroy Street Parking Lot 300 East Main Street

 

 

 

 

2 May 2019

Who set-up Sally Jo Harrison for this cover shot with Real Estate Developer Tony Wall, who can't seem to get the financing for his $60-Million Dollar GRID PROJECT.?

Time will tell - it's back "to the drawing boards" and back to the entire development review process.

Deadline is June 30, 2019.

There are more than just a few stories about the cover behind the 2019 Edition of the Mesa Chamber of Commerce's Compass magazine, published by Republic Media Content Marketing, a division of The Arizona Republic.

________________________________________________________________

13 February 2018

Here In 'The Old Donut-Hole" Parking Spaces = New Land Banks

The media blitz is on for a development atop the 3-story city-owned parking garage behind the Mesa Superior Court building on First Avenue. Just one day after the mayor's SOTC18 speech, he's thrilled [seems like John Giles is always "thrilled" and "excited" about something] to announce "the big deal" to a news crew from ABC 15 that happened to show up in the 3-acre parking lot at 300 East Main Street between the Wells Fargo building and classroom space for Benedictine University at 225 East Main.

Most people are familiar that area if only to grab a bite to eat  at Pete's Fish & Chips on the west side of Mesa Drive slightly south of the intersection with Main Street . . .

 

Maybe you, dear readers need some help wrapping your head around that, so here it is from the ABC15 crew with a reporter and camera guy in the parking lot in front of the parking garage, Mayor John Giles stepping out his office door, and some other on-camera selected talent. All of them appear to have gotten the right talking-points.
Take a look at the video   

Anchor tenant announced for $60M mixed-use development in downtown Mesa

Justin Pazera, Morgan Tanabe

3:48 PM, 07 Feb 2018 Updated 7:44 PM 
Co+Hoots will move into a 14,000-square-foot co-working space, and will provide mentorships and internships for business students, a media release explained.
"We believe in the City of Mesa's commitment to transforming its downtown into a vibrant urban core," CO+HOOTS founder Jenny Poon said. 
Here's the link > ABC15 News

________________________________________________________________
It's one of the fastest "big deals" your MesaZona has never seen! And big promises for jobs

Mesa juggles downtown growth, livability             

By Wayne Schutsky Tribune Staff  11 Feb 2018 Updated 12 Feb 2018

Phoenix-based Co-Hoots is in negotiations to occupy 13,000 square feet in the development ­– which is currently under a memorandum of understanding between the city and developer 3W Management LLC.

NOPE: CO+HOOTS is now affiliated with Benedictine University, 225 E Main Street

Here's a link to the original post more than a year ago > MesaZona 

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14 March 2019

THE GRID Runs Into A Road-Block: No Financing | "Ready-to-Roll" It Is Not

But that's what just what staff writer Jim Walsh said in the corporate-owned The Times Media Group's East Valley Tribune in one more Spoon-Fed Story

More downtown Mesa development ready to roll

"Ready-to-Roll"By Jim Walsh, Tribune Staff Writer Mar 12, 2019

"The Pomeroy parking garage, a bland but functional structure near Mesa Municipal Court, will disappear behind a new veneer of three-story row houses when a long-awaited redevelopment project rises downtown.
Real estate developer Tony Wall, of 3W Management in Scottsdale, said he is close to landing financing for The GRID Mesa near Main Street and Mesa Drive. . .

 

 

 

Tony Wall has been working on THE GRID project for more than two years. Is the problem about municipal tax-incentives/finance from the City of Mesa that involve development on a city-owned property or lack of interest from private sources for the $60-million project he can't get from private investors willing and able to assume the risk? Even after two or more rounds of financing, Tony Wall still can't get the financing - and he's lost what was called "the anchor" for THE GRID proposal [CO+HOOTS]. What about those highly-touted and highly-promoted PUBLIC PRIVATE PARTNERSHIPS? . . 

 

 

In May of last year, Tony Wall [with legs crossed] appeared at a press conference announcing the massive 9.8-acre Mormon Temple Area Makeover of Downtown Mesa at the intersection of Main Street/Mesa Drive. Sitting next to him is former Mesa City Mike Hutchinson, VP of the East Valley Partnership.

Standing at the podium is the owner of City Creek Reserve LLC, a for-profit affiliate of The Church of Jesus Christ of The Latter-Day Saints. It's the only new major project that has broken ground and is under construction now.

 

> The GRID Would Build on Underutilized Parking Garage
Where: Main and Pomeroy streets
What: 196 sky apartments, 75 micro-units and 15 three-level row homes, plus commercial development.
The GRID is planned as an apartment complex and commercial development on three acres of city-owned land that includes an underutilized parking garage next to Benedictine University.
A Co+Hoots co-working space was initially set to anchor The GRID but is now working to partner with Benedictine.
The GRID plans to build a six-story building on Main Street and four stories of apartments on top of the existing three-story parking garage.

Mesa would continue to own the garage, providing the developer 340 spaces for residents and commercial visitors.

The GRID was initially expected to open in fall 2019 but McVay said it has faced challenges securing financing.
McVay said city officials talked with investors earlier this month and they’re optimistic the project will happen.
He said he hopes financing for The GRID will wrap up by the end of 2019 and that construction could begin early next year

 

 

 

 

July 2020

TAKE TIME FOR A REALITY CHECK?
Construction begins on the Grid, $75M opportunity zone project in Downtown Mesa (Phoenix Business Journal) 

 

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