Title
Amend Ordinance S-51554 for the Central and Columbus Development Project (Ordinance S-52619) - District 4
Description
Request to authorize the City Manager, or the City Manager's designee, to amend Ordinance S-51554 to facilitate the construction of the parking garage, public amenity, and Fire Department spaces for the Central and Columbus Development Project. Further request approval for the City Treasurer to accept and the City Controller to disburse funds related to this request.
Report
Summary
On June 16, 2020, Phoenix City Council approved nine policy initiatives in the Housing Phoenix Plan with the goal of creating or preserving 50,000 units by 2030. As part of the third initiative to redevelop City-owned land with mixed-income housing, Housing Department staff identified City-owned parcels that would be ideal for affordable or mixed-income development.
On August 31, 2022, the Housing Department received City Council approval to update the list of City-owned parcels associated with the third initiative of the Housing Phoenix Plan. This list includes the Central and Columbus development site.
On December 18, 2024, Phoenix City Council approved entering into a development agreement with Holualoa Capital Management, LLC, or its City-approved designee, for the development of a mixed income-and mixed-use housing development.
The proposed development plans to develop 250 affordable rental units serving households between 30 and 80 percent of the Area Median Income and a 40,000 square foot integrated healthcare center.
Site development will also include a shared-use parking garage comprised of approximately 290 vehicular parking spaces, 60 bicycle spaces, and a rooftop community amenity area, which will accommodate the required parking for residential and healthcare uses. When parking is not utilized for residential or healthcare clinic purposes, it will be made available for public use. Additionally, the project will integrate meeting and garage storage space for the Fire Department.
To facilitate the development of the public parking garage, amenity spaces, and meeting and storage areas for the Fire Department, the City will provide one-time contributions not to exceed $5.3 million for construction of parking garage and amenity space
improvements and $2.5 million for the Fire Department areas.
Financial Impact
Funding for the one-time parking garage and amenity space contribution is available in the Affordable Housing Fund or other Housing Department funds as available and will not exceed $5.3 million. Funding for the one-time cost to cover the Fire Department's space contribution is available in other restricted funds and will not exceed $2.5 million.
Concurrence/Previous Council Action
- On June 16, 2020, the Housing Phoenix Plan, and its nine policy initiatives, was adopted, including the third initiative to redevelop City-owned land with mixed--income housing.
- On August 31, 2022, City Council approved an update to the list of City-owned land, which included the Central and Columbus development site.
- On December 18, 2024, Phoenix City Council approved entering into a development agreement for development of the site (Ordinance S-51554).
Location
The site includes 21 parcels collectively referred to as 32 E. Columbus Avenue.
Parcel Addresses: 25, 29, 33, 37,45, 49, 51 and 55 E. Weldon Avenue; and 26, 28, 32, 42, 46, 50, 52, 54 and 64 E. Columbus Avenue.
Council District: 4
Department
Responsible Department
This item is submitted by Assistant City Manager Lori Bays, Deputy City Manager Gina Montes and the Fire and Housing departments.