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Gadsden Development Project

80 - Gadsden Development

Location:  14 Acres immediatly SW of Congress and Santa Cruz river Gadsden Development
Status:  In Design
Total Estimated Project Cost:  Private Sector Funded Budget
Estimated date of 
completion as of 11/2/2009:
  4/14/2014
Project Contact:  Jessie Sanders
Description:  Planned development includes 125 room boutique hotel, 400 residential units (of which 17.5% will be offered to households at or below 80% of Area Medium Iincome (AMI) and 17.5% will be offered to households between 80% and 125% of AMI) Additional development include office space, market, restaurant, and other commercial uses.
Additional Info:  This project brings new neighborhood approved development to the westside as a planned extension of Downtown.
Designation(s):  City of Tucson, Rio Nuevo District, Private, Downtown
Last Update:  Friday Apr. 12, 2013

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Project Details

Updates

Project Status

  • Tuesday April 9, 2013
    At the April 9 Mayor and Council Study Session Agenda, Item #7 discussed:

    Westside Economic Development Activities; Update on Development and Real Estate Purchase Agreement with the Gadsden Company (Ward 1).

    Mayor and Council moved to authorize the City staff, in coordination with the City Attorney, to finalize such amendments to the 2008 Development and Real Estate Purchase Agreement as may be appropriate to move forward with Phase 2 development of the subject property while securing Gadsden Companys performance of its obligations under the Agreement; and to bring the amended Agreement back to Mayor and Council for consideration and approval.
  • Thursday September 1, 2011
    Underground utilities being installed on what will become South Linda Av.
  • Thursday July 14, 2011
    The closing on Block 3 (aka Block G) is complete and construction of the New Armory Building is underway. It is anticipated that reporting on the New Armory Building will be done under a separate project. Reporting under this project will again just focus on Gadsden. Next steps are to begin efforts to amend the Development Agreement (DA) to remove any ambiguities that may exist and to establish when and how credits, authorized in the DA, will be earned and applied.
  • Wednesday June 1, 2011
    The back-to-back closing on Block 3 (aka Block G) from City to Gadsden to Senior Housing was completed on May 13.
  • Tuesday May 3, 2011
    Reclaimed Water Line successfully rerouted. Plans have been approved for water, sewer, road, grading, and Floodplain Use Permit. Back-to-back closing with City/Gadsden/Senior Housing targeted for May 11, 12, or 13 for Block G.
  • Monday April 4, 2011
    Final Block Plat (Mission District) recorded 3/25/2011 Sequence # 20110840249. Construction to relocate reclaimed water line began 3/21/2011. Relocated reclaimed water line scheduled to be operational 4/15/2011. Removal of old pipe and repair to Congress St to be completed by end of April.
  • Friday May 7, 2010
    Topographical report (TOPO) ordered as input into removing remaining property from 100-year floodplain and to provide accurate data for streetcar infrastructure planning on the Westside
  • Monday April 5, 2010
    Developer has entered into an agreement with Urban Innovations to build 143 rental housing units for seniors, pending funding from the State Department of Housing under the Arizona Low-income Housing Tax Credit Program.
  • Monday November 2, 2009
    This project is a four-phase exclusive right to purchase and develop contract. Phase I has been designed as a 98-unit low-income housing project and the developer is seeking financing to proceed. Phases II through IV are in the planning and design phase. The developer has not yet closed on Phase I, which is contingent on obtaining financing for the multi-unit residential buildings designed for Block A. The developer intends to re-submit an application for Low-Income Housing Tax Credit financing to the Arizona Department of Housing in March 2009.
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