Title
Historic Preservation Demonstration Project Grant - First National Bank building - 1506 (aka 1516 and 1520) E. McDowell Road
Description
This report provides the Economic Development and Housing Subcommittee with information regarding a Historic Preservation Demonstration Project Grant not to exceed $150,000 for rehabilitation of the historic First National Bank building at 1506 (aka 1516 and 1520) E. McDowell Road.
THIS ITEM IS FOR INFORMATION ONLY.
Report
Summary
The commercial Miracle Mile Historic District, located along McDowell Road, roughly between 13th and 19th streets, was listed in the National Register of Historic Places in 2022. One of the properties identified as a contributor to the historic district (located at 1717 E. McDowell Road) was subject to redevelopment that resulted in the loss of its contributing status. As a stipulation of the rezoning case for this development, the City Council required the developer to contribute $50,000 towards exterior rehabilitation grant funding for contributing properties to the Miracle Mile Historic District. The Community and Economic Development Department (CEDD) committed an additional $100,000 toward a grant fund for rehabilitation of contributing properties in the historic district.
On March 21, 2024, the Historic Preservation Office received a Demonstration Project grant application from 030812 Realty LLC, doing business as Ace Uniforms. The LLC is the owner of the historic First National Bank building, located at 1506 (aka 1516 and 1520) E. McDowell Road, and is requesting assistance to rehabilitate the building, which is a contributor to the Miracle Mile Historic District.
Ace Uniforms is requesting a $150,000 Demonstration Project grant to complete rehabilitation of the property for its continued use as a retail property. The project scope of work includes roof restoration and repair, storefront rehabilitation, stucco repair and paint, rehabilitation of historic windows and replacement of fixed glass, and restoration of the historic wrap-around canopy.
Approval of this grant will facilitate a project which will create new tax revenues and support the further revitalization of Phoenix’s commercial Miracle Mile Historic District through the increased utilization of a historic property. In return for the grant, the property owner will record a 30-year conservation easement on the property.
The item is for information only; staff will request approval from the Transportation, Infrastructure and Planning Subcommittee on June 20, 2024.
Financial Impact
This action will not impact the General Fund. The requested grant amount is $150,000. $50,000 is developer funded and $100,000 is programmed in CEDD’s CIP budget.
Concurrence/Previous Council Action
The Historic Preservation Commission recommended approval of the grant funding on May 20, 2024, by a vote of 6-0.
Location
1506 (aka 1516 and 1520) E. McDowell Road
Council District: 4
Department
Responsible Department
This item is submitted by Deputy City Managers Alan Stephenson and John Chan, and the Planning and Development and Community and Economic Development departments.