Residential
will offer four different products. Condominiums
and attached townhouses will make up the bulk of
this. There will also be 14‑20 loft units
over the retail–the exact number not known at this
point as the units will correspond to the retail
spaces, which are not yet set in stone.
In
addition, Aspen Place at the Sawmill will offer
48 live‑work units: three‑story units
offering the owner a street‑level space for
retail or office with two floors of living space
above it.
“It’s
a very urban environment,” offered Peter Kleis,
CEO of Granite Capital.
He
also noted Aspen Place is a big enough project to
allow diversity of product, and their interest
in achieving that diversity is the reason they are
considering bringing in multiple local and regional
builders. Residential will be sold as finished product,
anticipated to be mostly in the $350,000 to $900,000
range.
Aspen
Place’s commercial core will also be diverse, offering
a mix of national chains and local and regional
businesses. “If you have too many national stores,
then it’s the same thing you get everywhere else,
but if there are too many locals, you don’t get
a draw,” explained Kleis.
And
a draw is what Aspen Place is being designed to
create–from a 50‑mile radius.
“We
expect it to draw from (as far as) Sedona,” said
Jonathan King, president of New Frontiers.
The
home‑grown natural foods grocery retailer
is on board as one of the shopping center anchors.
“We’re
excited by this opportunity to find a larger site,”
he said. “The challenge of being in a smaller
town is finding good sites as you grow.”
Grown
from its first 1,000‑square‑foot store
to a 9,000‑square‑foot store, New Frontiers
was stymied by the lack of a site that would allow
even a 15,000‑square‑foot store–and
is now planning a 24,500‑square‑foot
flagship store at Aspen Place.
The
New Frontiers store will include a full‑service
meat department and an extensive deli–with an
expanded menu that will offer sushi, natural pizza,
a bakery selection and an Asian Bowl in addition
to made‑from‑scratch salads. It will
also be the first New Frontiers store with space
devoted
to classroom, where local chefs will be invited
to teach cooking classes.
“It
fits the energy of the lifestyle center. And the
smaller‑town’s environment supports this kind
of interaction,” King said.
“It’s
been neat being able to kick ideas around (with
The Aspen Group) and feel they listen,” King shared,
pointing out his store will use solar panels to
provide 15 to 20 percent of its energy. Noting that
such construction requires more scrutiny by the
city building department, he credits The Aspen Group
for being open to the idea.
“New
ideas” seems to be a common thread to the entire
development. For The Aspen Group and Granite Capital,
Aspen Place represents their first mixed‑use
project. Each has extensive experience with individual
retail and commercial, but this, said Meyers, is
a tremendous challenge creatively and takes both
an architectural and financial background.
“It’s
completely unique. We can take all those years of
experience doing residential and commercial, and
put it together; you get to combine all those things
you’ve learned,” Kleis added. “Every time you make
a move in one part of the puzzle, it affects another
part of the puzzle.”
Integrating
the residential and retail aspects, for instance,
means keeping focused on amenities that
will be important to the residents. Creating a synergistic
flow throughout the retail is also a key concern.
Official
groundbreaking was held June 21, and Flagstaff mayor
Joe Donaldson recalled working as an apprentice
electrician at the site when it was an operating
sawmill, and lauded Aspen Place at the Sawmill as
an opportunity to again provide jobs and income
by reestablishing Flagstaff as a regional center
of business.
“And
it will reduce the leak of retail money to Phoenix,”
Donaldson said.
It’s
an unusual embracing of commercial development by
the Flagstaff City Council, but Cronk offered the
reasons for their approval: “It’s an infill project,
and we’re trying to encourage that rather than development
on the outskirts of town, and it’s on a major transportation
corridor.”
It’s
also a brownsfield site.
“So
it gets rid of a negative,” Cronk said.
Further,
The Aspen Group donated two acres of land to the
city, which it expects to use for affordable workforce
housing.
Cleaning
the brownfield incurred a lot of infrastructure
expense, Cronk explained.
“They
had to dig down four to eight feet to remove everything,”
he said.
The
City Council granted Aspen greater density so they
could spread out the cost.
Cronk
also noted Aspen Place is designed compactly, with
utilities, water and sewer incorporated underneath
the road so that wouldn’t take up more space.
The
Aspen Group expects retail product to be available
to tenants in fall 2008, and residential product
at approximately the same time. Builders for residential
have not yet been determined, but general questions
can be directed to The Aspen Group at (602) 553‑4100.
Retail leasing is being handled by John Corritore
of The Corritore Company, (480) 947‑7200.