The public-private redevelopment of the once blighted Solot Block into a modern retail hub is gaining traction with nearly 50% of the project pre-leased to a mix of tenants months ahead of its planned opening.
The Rio Nuevo district in Tucson is working with developer Larsen Baker for Sol Block, part of the Sunshine Mile redevelopment plan that’s replacing a row of outdated offices and stores with entertainment and lifestyle tenants. Rocco’s Pizza has signed on to anchor the project with other tenants including Decibel Coffee.
Developers hope to reach full occupancy for the "vibrant neighborhood center” ahead of its completion by the end of the second quarter,” according to Larsen Baker.
About the project: Rio Nuevo provided financial incentives for the developer, Larsen Baker, to offer market-rate rents after updating the block and maintaining its midcentury modern design.
What the judges said: “Sol Block takes an aging, lackluster strip of stores that has seen considerable turnover over the past two decades and turns it into an inviting, architecturally significant space," said Michael Guymon, president and CEO of the Tucson Metro Chamber of Commerce.
They made it happen: Larsen Baker President Melissa Lal and Ambrell Capital Group Partners Jeff Ell and Chris Ambrosio.