50s Era Building Emerging as Restaurant Project

PHOENIX—Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, has begun construction on Phase 1 of The Colony, an adaptive re-use project located on 7^th Street just north of Missouri Avenue in Phoenix.  The Herb Box, innovative world cuisine with locations in Old Town Scottsdale and North Scottsdale; Stock & Stable, an American gastropub by the creators of Clever Koi in Midtown Phoenix; and Pure, a sushi restaurant based in Scottsdale; have already committed to the project and expect to open restaurants at The Colony in November. Additional local concepts are in negotiations to lease space in the 1^st phase. 

The Colony will be a 22,467-square-foot infill redevelopment built in two phases. The project is located in what is becoming an emerging local restaurant district in Central Phoenix. The first phase of the project is a renovation of a building originally built in the 1950′s, which has stood mostly vacant in recent years. Terry Brodkin of Scottsdale was the owner of that building and is a partner in the first phase of The Colony with Agahi and Sellers. Phase 2 will be a newly built ground up 8,122 square foot building on the north side of the development, which will begin construction this summer and is expected to be open 2^nd quarter of 2016.