Written by: Steven Totten, Phoenix Business Journal //
More major development is coming to downtown Phoenix’s Roosevelt Row.
Desert Viking Development has announced plans for a mixed-use project on 501 E. Roosevelt St., between Fifth and Sixth streets, totaling more than 26,000-square-feet.
The project, dubbed The Blocks of Roosevelt Row, is taking over the last two contiguous blocks of the original 1888 Churchill Addition. It includes the adaptive reuse of three bungalow-style homes along Fifth Street, the Flowers building along Roosevelt St. and construction of a new, three-story commercial building in between the two.
The Flowers building will feature dining and retail, while the three homes will hold restaurants. The three-story building will be a market-style retail space, likely in the same vein as Desoto Central Market on 915 Central Ave.
The project is slated to be fully completed by fall 2017. Several businesses already operate where Desert Viking is building the project, most notably the Flowers Craft Beer & Wine.
According to The Arizona Republic, Flowers is negotiating its lease in hopes to move to the other side of the building. Roosevelt Growhouse is closing its location there, though where it will reopen is unknown. Venture REI is doing the leasing for the project.
Phoenix-based AV3 Design Studios is designing the Fifth Street and Roosevelt Street properties. Lightvox Studios, a local collaborative architecture and design studio, is heading the Sixth Street project.
Desert Viking has a history of investing in historic properties and adaptive reuse, such as the Historic Gold Spot Marketing District, which is home to Lola Coffee Bar and Pita Jungle.
There are a number of developments currently under way on Roosevelt Row. To see the full article, please click the link below.