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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 7th Street just north of Missouri Avenue in Phoenix.

By Kristian Seemeyer | Updated on March 22, 2015

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 7th 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 1st 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 2nd quarter of 2016.      

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