Construction on the stalled Elevation Chandler high-rise project will resume in “the next few weeks,” according to its developer.
“We’re just in the process of finalizing all of the various funding commitments on the project to get the thing back going and on track,” said Jeff Cline, of Signature Properties West, developer of the $250 million mixed-use project that will feature a luxury hotel with high-end condominiums and a health club.
City officials had issued an ultimatum Monday, demanding the developer either pay a portion of its unpaid building permit fees — about $60,000 — or risk going through the approval process again.
Cline chose the latter and withdrew his request for an extension, saying the project still faces three to five months of “structural construction and site infrastructure” before the permits in question would even matter.
“It had no value to make a $60,000 payment for an extension of permits that extended for 30 days when we won’t be progressing into that part of the project for three to five months,” Cline said Tuesday.
The developer currently holds permits authorizing him to construct the building’s shell or skeleton. Work on that phase began in November but stopped in mid-April and has yet to resume. The developer has until Sept. 26 to resume construction and pass a city inspection or that permit will expire too, said Doug Ballard, Chandler’s director of planning and development.
Reapplying for building permits will add time and expense to the project, Ballard said. But Cline said the extra cost wasn’t a concern and, in fact, was already factored into the project’s budget.