Opus West has been showing around plans to flatten the bank and build expensive "villas" and a commercial development. The Arcadia neighborhood says it will stand and fight to the bitter end.
Opus West has filed for a rezoning for the 44th Stree and Camelback Bank location. The plan is to develop the park-like open space and part of the parking lot directly east of the bank.
Replacing the 1.3 acre footprint will be approximatelt 100,000 square feet of mixed use development, including condos and retail that would stand approximately 56 feet tall.
The historically significant bank site was completed in 1968. With the unique mushroom style columns and Fred Flintstone feel, the bank has become an icon in Arcadia.
Area newcomers are often fascinated by the artsy courtyard and museum quality surroundings, while some seasoned residents still recall the original ground-breaking.
This architectural marvel was designed by Frank Henry of the firm Weaver and Drover.
Considering that there are no guarantees that this rezoning will come to fruition, Opus West definitely has a lot of work to do.
Residents are lined up to fight even the loss of the open space, while local developers see this filing as a sign of progress.
The site's rezoning will be a landmark case for Arcadia since this has the potential to guide future development.
Currently two other developers are waiting on the sidelines to see how this rezoning case will affect the corner of 44th Street and Camelback.
Both Camelsquare and Grace Communities have filed pre-application site plans with the City of Phoenix Planning Department.
Their combined efforts could leave this intersection forever changed in the next five years. Neighbors are hopeful that the result will not be another 10 Londen Centers.
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