The Peach-Dabdoub partnership is renovating the multi-use building located at 44 E. Broadway Blvd into new and upgraded office space and penthouse condos.
In 2017 the Rio Nuevo Board agreed to provide incremental sales tax incentives to the developers. The project includes renovation of 26,120 square feet of office and retail space in the existing building and 79,477 square feet of office and retail space in two new buildings to be constructed on an adjacent and a nearby vacant parking lot.
The first story of the existing building will be partially redeveloped into 896 square feet of retail space. An additional 5,339 square feet of retail space is under construction and will be completed in late 2018.
The new buildings will be constructed in 2019 and completed in 2020 and will include 18,325 square feet of street-level retail space with structured parking on the second, third and fourth levels and 61,152 square feet of Class A office space on the upper floors.