Authorization to Issue Request for

Proposals for Disposition and

Redevelopment of City-Owned
Regency Garage
Planning & Economic Development Subcommittee
March 13, 2019
 Regency
Garage

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Background
• Garage built in 1972

• General Fund garage operated by Phoenix Convention Center

• 506 Parking Spaces – 363 leased

• Ground floor: 7,300 leased square feet (2 tenants)

• All lease commitments conclude no later than 2021

• Appraised value: $11.45 Million

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Desired Project
• Urban, mixed-use, infill project

• Provide availability of public parking

• Capitalize on the site’s prominent downtown location

• Implement recommendations of Adams’s Street Activation Study

• Consistency with goals outlined in the Downtown Strategic

Vision and Blueprint for the Future

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 Adams Street
Activation

Develop plans for event infrastructure to streamline temporary street closures

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RFP Evaluation Criteria

Concept to Redevelop the Site (0-375)

Return to the City (0-350)

Proposer’s Qualifications and Experience (0-275)

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Timeline
Feb. 8, 2019 Downtown Voices Coalition
Mar. 12, 2019 Downtown Neighborhood Alliance
Mar. 13, 2019 Planning & Economic Development Subcommittee
Mar. 20, 2019 Formal City Council Meeting
Spring 2019 Issue RFP – on street for 60 days
Q3 or Q4 2019 Return to City Council for selection and business terms

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 Recommendation
Click to edit Master title style
Request the Planning and Economic Development
Subcommittee recommend City Council authorization to
issue a Request for Proposals for the disposition and
redevelopment of the City-owned Regency Garage for an
urban, mixed-use development project, and authorization
to begin negotiations with the recommended proposer.