AZ Real Estate 12-10-2017

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Arizona Republic

z SUNDAY, DECEMBER 10, 2017 z 1R

Real Estate ‘RoRo’ is on a roll

Roosevelt Row evolves as downtown Phoenix hot spot Catherine Reagor Columnist Arizona Republic USA TODAY NETWORK

Boarded-up buildings and weedÿlled vacant lots were the norm in metro Phoenix’s oldest historic neighborhood not too long ago. Now, the nearly 100-year-old Roosevelt District in downtown Phoenix has evolved before our eyes into Roosevelt Row, one of the most popular neighborhoods in not only metro Phoenix but the U.S. The bustling Central Avenue and Roosevelt Street hub of Roosevelt Row was recently voted the sixth most popular metro Phoenix intersection by Urban Land Institute Arizona. The area didn’t even make the list 10 years ago. Roosevelt Row garnered one of the American Planning Association’s “Great

ABOVE: The historic Knipe House in the Roosevelt District will be incorporated into an office/retail/ housing development. TOP: Art fans walk along Roosevelt Street during a First Friday. REPUBLIC PHOTOS

Places” designations last year — Phoenix’s ÿrst and only one. Hotspots Rentals just ranked Roosevelt Row as the 24th “coolest” neighborhood in the U.S. based on transit, walkability, entertainment and cost of living. It was the only Arizona neighborhood to make the ranking. Last week, plans for one of the area’s historic buildings — the Knipe House — received City Council approval to be purchased and preserved as part of a $151 million project. In October, construction started on the 30-story apartment tower Link Phx on the eastern end of Roosevelt Row. And one of the neighborhood’s new apartment complexes, Alta Fillmore, just sold for a record price for downtown Phoenix. “We are “ooded with requests for information and development proposals See RORO, Page 3R

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