{"id":1004119281,"date":"2015-05-12T09:29:57","date_gmt":"2015-05-12T17:29:57","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=346520"},"modified":"2020-05-18T13:38:42","modified_gmt":"2020-05-18T21:38:42","slug":"wilson-phelps-get-green-light-for-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wilson-phelps-get-green-light-for-mixed-use-project\/","title":{"rendered":"Wilson, Phelps Get Green Light for Mixed-Use Project"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<div id=\"attachment_346521\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/Montis-La-Casa-Vieja.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-346521\" title=\"Monti's La Casa Vieja\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/Montis-La-Casa-Vieja.jpg\" alt=\"\" width=\"300\" height=\"125\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Monti&#8217;s La Casa Vieja<\/p>\n<\/div>\n<p>A joint venture of Douglas Wilson Cos. and Phelps Development L.L.C. has received the final approval from the City of Tempe to develop One Hundred Mill, a $190 million mixed-use project at the corner of Rio Salado Parkway and Mill Avenue.<\/p>\n<p>According to the <a href=\"https:\/\/www.bizjournals.com\/phoenix\/news\/2015\/05\/07\/tempe-approves-twin-towers-project-on-former.html?iana=ind_cre\" rel=\"nofollow\"><em>Phoenix Business Journal<\/em><\/a><em>, <\/em>plans call for a pair of 15-story towers on the former site of Monti\u2019s La Casa Vieja. One tower will be a four-star, 240-key hotel, while the other will be a 260,000-square-foot Class A office building with integrated parking.<em> <\/em>The developers said that they will be preserving the historic Hayden House, but details of the preservation are pending.<\/p>\n<p><a href=\"https:\/\/www.brewaz.com\/content\/index_story_free.php?story_id=9589&amp;volume_num=XX&amp;issue_num=37&amp;issue_date=September\" rel=\"nofollow\"><em>Business Real Estate Weekly of Arizona<\/em><\/a> reported last September that the two companies acquired the 2.5-acre site from Michael Monti\u2019s Restaurant and Catering Inc. in a deal that was rumored to surpass the $17 million mark.<\/p>\n<p>Work on the project is expected to begin later this year, with completion targeted for 2017.<\/p>\n<p><em>Image via Google Maps  <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture between Douglas Wilson Cos. and Phelps Development L.L.C. has received the final approval from the City of Tempe to move forward with the development of One Hundred Mill, two mixed-use towers located on the former site of Monti&rsquo;s La Casa Vieja at the corner of Rio Salado Parkway and Mill Avenue in Tempe.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004119281","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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