Two Tucson companies have won development rights for the Ronstadt Transit Center, one of the largest city-owned parcels still undeveloped in a revived downtown.
The City Council Tuesday voted to approve the development plan for the 4.7-acre site proposed by Peach Properties Inc., a developer, and Swaim Associates Ltd., an architectural firm.
The plan calls for three multi-use buildings, the tallest 11 stories, and an eight-story parking garage, all at an estimated cost of $126.8 million. Completion goal is mid-2019.
The city-block-sized site, at Congress Street and North Sixth Avenue, will incorporate the Sun Tran bus station and include a 128-room hotel, nearly 300 residential apartments and condos and ample office and retail space.
"The concept includes an open-air public market located adjacent to a newly built transit mall and a Marriott boutique concept hotel on the corner of Sixth Avenue and Congress Street," a city of Tucson press release said.
Peach-Swaim and one other developer competed over the last two years to build on the space.