Economic Development Blog

Downtown Business Trends

October 26, 2017

Quick Facts: This year, on average, a new business opens every 8 days. Since 2008, a new business has opened once every 2 weeks. Since January 2017, 37 new businesses have opened. There were 25 new businesses in all of 2016. During the last 2 years, over 60 new businesses have opened. There are an […]


Downtown Pulse

October 12, 2017

The Downtown Tucson landscape is rapidly changing.  A new business opens every couple weeks and construction projects are happening around nearly every corner.  Since 2008, Downtown Tucson has experienced over $1.2 billion in public and private investments, and over another half billion dollars is being invested into current and proposed projects. 2017 State of Downtown […]


Caterpillar Tucson Mining Center

September 29, 2017

  Under Construction: Caterpillar announced Tucson as the new centralized hub for the Surface Mining & Technology Division in 2016 and accepted Rio Nuevo’s offer to build a new building for its headquarters and lease it back to Caterpillar for a 25 year term. Located on the west side of Interstate 10, adjacent to Tucson’s […]


Downtown Housing Forecast

September 19, 2017

395 new homes will be available Downtown in 2017-18. 97 new homes have been built in 2017 (McCormick, Downtown Motor and the Lofts at 2 E Congress). 80 more new homes will be completed by the end of the year (The Coronado and 7th Ave Commons). 350+ homes are estimated to begin construction in 2018.  


AC Hotel Tucson by Marriott

August 3, 2017

  Completed: The new 8-story, European style hotel is Downtown’s first hotel in over 45 years and features 136 rooms, a rooftop pool with nearby bar, a lobby bar and lounge, a fitness center, a locally managed spa, a 200-space public parking garage, and nearly 6,000 square feet of retail space on the ground floor. […]


Two East Congress

July 12, 2017

Completed: Art Wadlund and Rob Caylor, developers of the One East and One West projects, renovated floors 3-5 at historic Chase Bank building located at 2 E Congress St into 21 market-rate urban lofts. The lofts range from 398 sqft – 845 sqft and are available in seven different floor plans. There is a Modern Streetcar stop […]


HUB & Playground Remodel

July 6, 2017

  Under Construction: Rio Nuevo and developer Scott Stiteler have expanded their existing deal related to the AC Hotel Tucson by Marriott. Stiteler, owner of HUB and Playground and land lord of Elvira’s Restaurant, (all on the 200 block of east Congress) will invest an additional $3.2 million for remodeling and improvements. HUB Restaurant and […]


McCormick

June 3, 2017

Completed: Luxury urban living in Downtown Tucson! Construction is complete on the 25 new multi-story, market-rate apartment complex across from St. Augustine Cathedral on Stone Avenue. Different floor plans are available and all units come with a garage. Now Leasing: www.McCormickTucson.com  


The Coronado

May 30, 2017

Built in 1928, the historic Coronado Hotel at the corner of 4th Ave and 9th St is being repurposed into 30 market-rate apartments. Developed by Carbon Cabo LLC and designed by Rob Paulus Architects, the building is undergoing a complete renovation that includes new infrastructure, finishes, plan layouts, and a refurbished exterior. The Coronet Restaurant […]


One West

May 5, 2017

Completed: One West was completed in October of 2016 and has brought 40 multi-family apartments to the very heart of downtown Tucson, offering tenants exceptional access to everything downtown has to offer. Plus, with its convenient location along the modern street car route, One West offers easy transit-oriented access to the entire Central Business District and the […]


Downtown Motor Apartments

May 3, 2017

Completed: The 44-unit affordable housing project at 383 S Stone Ave across from the Police station was completed at the end of February. Portions of the original historic property remain and will be used for the office and lobby areas. A new 4-story addition has been constructed at the rear of the property to allow for covered […]


City Park

May 3, 2017

  Under Construction: City Park, developed by Bourn Companies, is a transit oriented development located on Congress street just east of Stone Ave. The first floor of the soon to be constructed 5 story City Park building at 40 E Congress will house a food hall. The first floors of the existing neighboring buildings at 20 […]


Cathedral Square

May 3, 2017

Under Construction: Cathedral Square is a project that will restore the historic Our Lady’s Chapel, the rectory building and the Marist College building. St. Augustine Cathedral’s parish hall has been demolished and is being replaced with a $12 million, 50,000 square foot four story complex (click picture above to see rendering). The Diocesan Complex will house […]


The Westerner & Westpoint Apartments

May 3, 2017

Under Construction: Located at 10 E Broadway Blvd, the historic Westerner building was built in 1961 and will be redeveloped by COPE Community Services. Designed by Carhuff + Cueva Architects, the existing 55,024 sqft four-story building will undergo a renovation for offices, ground floor commercial and 3,000 sqft of retail. A new 38,421 sqft six-story addition will […]


Mercado San Agustín Annex

May 3, 2017

Under Construction: The 28,4805 sqft mixed-used, 38 modified shipping container project west of downtown in the Mercado district will feature restaurants, bars, a retail mall, a 500-seat outdoor entertainment and festival venue, and adjacent ground level parking. Developed by The Gadsden Company, MSA Annex will be a $5.2 million expansion of the vibrant Mercado San Agustín Public Market. […]


7th Avenue Commons

May 3, 2017

  Under Construction: Located at 529 North 7th Avenue, at the intersection of 7th Avenue and 5th Street (southwest corner), construction is underway on 7th Avenue Commons. Developed by Gardner Capital Development and designed by Biltform Architecture of Phoenix, the project includes 50 affordable housing units and a community center. 27 apartments will be located within the existing 12,000 sqft warehouse/office […]


Scott Avenue Streetscape

May 3, 2017

  Completed: Rio Nuevo is funding a $750,000 streetscape improvement to Scott Avenue from Congress to Pennington and will keep the two-way vehicle concept. The project, designed by Norris Design, will created extended sidewalks, enhanced crosswalks, a bike corral, new streetlights, new planters and landscape and an enhanced plaza at the northeast corner of Scott […]


Chicago Music Store Building

May 3, 2017

Under Construction: The 21,155 square-foot Chicago Music Store building at 130 E. Congress is being gutted and retrofitted for a retail center by developers Ron Schwabe of Peach Properties and Marcel Dabdoub. Multiple lease inquiries have been received for the historic structure. Rio Nuevo is currently working with Peach Properties to recruit tenants and with Pima County to lease the […]


Historic Pima County Courthouse

May 3, 2017

Under Construction: Pima County is currently renovating the building that will become the future home of the Western National Parks Association, Visit Tucson, the UA Mineral Museum, the Arizona Historical Society and space for the January 8th Memorial. Listed on the National Register of Historical Places, the exterior of the courthouse building is being repainted to […]


Riverpark Inn

May 3, 2017

Proposed: The 40-year-old hotel, at 777 W Cushing street just west of I-10, is proposing a $2.2 million renovation that will include new finishes, furniture, fixtures, and bathrooms, plus upgrades to heating and cooling and the addition of sliding glass doors. The project will retain the building’s charm while bringing it up to par with […]


Downtown Links

May 3, 2017

Construction beginning soon: Downtown Links is an improvement project funded by the Regional Transportation Authority and partnered with the Tucson Department of Transportation, designed and constructed by HDR, that will provide enhancements, benefits, and connections for pedestrians, bicyclists, and motorists. The three major benefits of this alignment include: Railroad-related improvements, new roadway drainage systems, and more multi-modal connections. […]


January 8th Memorial at El Presidio Park

April 3, 2017

Proposed: Chee Salette Architecture Office (CSAO) has revealed the final design for Tucson’s January 8th Memorial + Presidio Park master plan. The Arizona House of Representatives approved HB 2436 which would appropriate a matching $2.5 million in state funds to the project which has already raised $2.5 million. The bill died in the state senate and was […]


RendezVous Urban Flats

April 3, 2017

  Proposed: Aerie Development LLC, is proposing 130,000 sqft mixed use building on the neighboring lot of Tucson’s tallest building, One South Church, at the SW corner of Congress and Stone. The project proposes a six story building with ground floor retail and 100 market-rate housing units that are either one or two bedrooms ranging […]


The Ronstadt

April 3, 2017

  Proposed: Peach Properties proposal to redevelop the Ronstadt Transit Center was chosen by the City of Tucson in 2015. One requirement of the proposal is to keep Ronstadt as a full functioning transit center. The 4.7 acre key downtown development also includes plans for a mix of 300 residential units, commercial and retail along […]


Trinity Mixed-use

April 3, 2017

Proposed: The Trinity mixed use project, developed by R+R Development and Bourn Companies and designed by Rob Paulus Architects, is located directly adjacent to two Modern Street car stops in the center of the Historic West University neighborhood. It will replace unused buildings at the Trinity Presbyterian Church complex located at 400 W University. The project proposes two […]


The Mark

April 3, 2017

  Proposed: Landmark Properties, the leader in student housing development, is proposing an eight and four-story 154 unit (595 bed) student housing complex on a three and a half acre block on the NW corner of Broadway Blvd and Park Ave. Demolition of the old Mark building, built in 1957, is complete. Construction is expected to […]


Moxy by Marriott

April 2, 2017

Proposed: A millennial minded hotel concept called the Moxy by Marriott was approved at 45 N. 5th Ave or on top of depot plaza parking garage across from Hotel Congress. Designed by FORS Architecture + Interiors, the building will be eight-stories with 100+ rooms and a ground floor restaurant. The project was approved by Rio Nuevo to allow developer […]


West End Station

April 1, 2017

  Under Construction: Gorman & Company, Inc. and the Gadsden Company are joint developers for West End Station, a $12 million 70-unit housing development located at 855 W Congress St. It is one of the first Section 811 projects approved in Arizona using the Low Income Housing Tax Credit (LIHTC) program. West End Station is the second project […]


Monier Apartments

April 1, 2017

Proposed: Located in the Mercado District west of downtown, The Monier will be four story, 122 market-rate apartment project over 13,450 sqft ground-floor retail and office space, underground parking and amenitized fourth floor with a gym, flex space, yoga studio, spa and a roofdeck pool. Proposed by The Gadsden Company and Holualoa Companies, Monier will be […]


La Placita Village

March 30, 2017

Proposed: HSL Properties was approved for a GPLET in March and will spend an estimated $38.5 million for demolition of the existing structure and construction of a new one. Demolition of the 1973 property is scheduled to begin by the end of May, and a 6-story building with 240 apartments and ground-floor retail will be […]


The Arizona Hotel Building

March 25, 2017

Completed: The Arizona Hotel building at 35 N. Sixth Avenue underwent a $4.8 million renovation that includes the Arizona Hotel Apartments, offering 16 market-rate 1-bedroom and studio apartments on the second floor and free basement storage per unit. The ground floor is occupied by Miss Saigon restaurant, a UPS Store, and still has 2 suites available for […]


The Brings Building

March 15, 2017

Completed: The former Bring Funeral Home building located at 236 S. Scott Ave was purchased by Peach Properties and is part of a larger public-private partnership with Rio Nuevo and Marcel Dabdoub to restore a total of four historic downtown Tucson buildings. The 13,845 sqft building was converted to build-to-suit office and retail spaces ranging from 200 […]


One East

March 14, 2017

Completed: One East Broadway is an $18 million mixed-use commercial office, residential and retail complex at 1 E. Broadway adjacent to the historic Chase Bank building. The project completed in 2013 is approximately 26,434 square feet of office space, 4,115 square feet of retail space, 24 apartment units and a parking garage. Developers Art Wadlund and Rob […]


The Cadence

March 13, 2017

  Completed in August of 2013, The Cadence is a University of Arizona sanctioned off-campus, privately owned student housing complex located in two buildings on both sides of Toole Avenue. Developed by Capstone LLC and its Tucson-based development partner OasisTucson, this transit oriented development created approximately 456 student beds in a range of 1, 2, 3, 4 […]


TEP Headquarters

March 1, 2017

  Completed: The nine-story building, completed in November 2011,  provides 170,000 square feet of office space for more than 425 employees of Tucson Electric Power (TEP), in the heart of downtown Tucson. The building also includes nearly 11,000 square feet of ground-floor retail space as well as a conference center, meeting rooms and about 500 […]


MLK Apartments

February 14, 2017

  Completed in the Fall of 2010, the MLK Apartments is a 6-story public housing complex consisting of 68-units for the elderly and/or people with disabilities and also a 2 level below-grade 52 space parking garage(Depot Plaza Garage). The City of Tucson was the developer and the total cost of the project was approximately $23 […]