Arizona Republic from Phoenix, Arizona • Page 310

41011 12 nn Business editor, Karen Femau 444-7934 8EV The Arizona Republic Thursday, November 12, 1998 Are Aictaria Nominations due Friday for small-business awards ote tor poifl storm veterans, in addition to people who promote small businesses through their work in the media, accounting and financial services. Advocate nominees do not need to own businesses. The SBA also will congratulate individuals who have come off welfare to start successful businesses. Winners during Small Business Week in Arizona also are considered for national recognition by the regional and state SBA offices. Guidelines and nomination forms are available at the SBA office, 2828 N.

Central Suite 800, in Phoenix or by calling 640-2390. Completed forms, along with black-and-white photos of the nominees, are due back by 3 p.m. Friday. Nominations for 18 small-business awards, including Business, Exporter and Young Entrepreneur of the year, are due Friday at the Arizona district office of the US. Small Business Administration.

The awards will be given in June during Small Business Week 1999, an event that has recognized since 1963 the contributions of small businesses to the American economy and society. During the week, the SBA honors business owners and individuals who volunteer their time and services to small-business interests and groups or work for legislation that benefits them. Advocate awards are given to those supporting minority-owned businesses, women-owned firms and companies owned by in. mi.u. nun nn i.iiiiiinwu i (in.

i .....11 miii iii um-i. iijLiiu.l.u.ib...l.i I I II I i I urn EAST VALLEY TICK Close Stock MM Change Daily Vol 52-week HI Lo neighborhood retail component, a W-screen theater and several restaurants. "It's a design that encourages people to come early and stay later," he said. "There won't be a rush of cars to Scottsdale and McDowell after an arena event, and you won't have people parking im the neighborhoods because all the parking will be free." Rockwell acknowledges the scale of the arena and parking structure are "quite large." He says the impact is minimized by placing them at the back of the project, although Thomas is a bit uneasy about it. "I'm not worried about the densities because Los Arcos had nearly as much activity as (Ellman) is proposing when it was alive and well," the councilman said.

"What I'm not thrilled about is how massive the project is. But I understand the scale of economics involved." The next step is for Ellman and the city to hammer out a redevelopment agreement. Although Ellman does not own all the property within the proposed project, Scottsdale has designated it as a redevelopment area, giving the city powers of condemnation to acquire the necessary parcels. The initial phase of construction will probably include the neighborhood retail component, Kaufman says. The developer also faces a fixed date for completion of the arena (fall 2001) in order to accommodate the Coyotes.

"The standard approach to a mall needs to be rethought," Rockwell said of the Los Arcos design. "This wouldn't work on the East Coast. Your architecture has to say something about the area and the climate. We've tried to create a cool, refreshing oasis where the community aspects and the retail components complement each other." -18 -V4 4117 1 447, 2098 1 ,247. 69 ict 3598 "J719 23' 2 31V1B 916 22 38 18 26V4 8V4 12 5Vie 38 87B AFLX ACTHTJ.

AWA ASYS CRPB NSIT MICA MCHPJI MINI SFAM tfs 8'4 ADHex Solutions 29 Action Performance 1 3' Vw America West Air Amtech Systems nc 1 2 Vw Cerprobe Corp 3 Fa American Health 33 Insight 20 nter-Tel "J.l'Z rZZ 14 MicroAge 32" Microchip Tech 834 Mobile Mini RecgnditionetJSys.i;,' 1 7 7m SpeedFam Interntl 10 JT, Three-Five Systems By Mike Fimea Arizona Business Gazette To Scottsdale Councilman Richard Thomas, there's a fatal flaw in the current configuration of Los Arcos Mall just north of Tempe. "The main intersection (Scottsdale and McDowell roads) is either the first- or second-busiest in Arizona," Thomas said. "But businesses are failing there. "That tells us Los Arcos is not a real desirable place anymore. We have to provide a reason for 3,000 or 4,000 people to go there every day." Last month, the Ellman a Phoenix developer, unveiled a sprawling redevelopment plan that it thinks will give Valley residents a reason to come back to Los Arcos.

The plan encompasses not only the dying shopping mall, but property to the west and east. The 92-acre, $600 million project would combine a neighborhood retail center to the east near Indian Bend Wash, a hotel and conference center on the west side of Scottsdale Road and retail shops and an amphitheater in the middle. As designed, the new Los Arcos will have 1.1 million square feet of retail space nearly twice the space available in the existing mall and more than 13,000 covered parking spaces. Anchoring the project is a new arena for the NHL's Phoenix Coyotes. The surface and lower deck of the arena would be built below ground, with the roof extending only 10 feet higher than the former Broadway department store on the east side of the existing mall.

Bob Kaufman, senior vice president and general counsel for Ellman, says his firm plans to ask Scottsdale for economic assistance similar to what the city did to lure a Nordstrom department store to Scottsdale Fashion Square, three miles north of Los Arcos. In Nordstrom 's case, Scottsdale provided a tax break through lease payments made by the city for a nearby parking garage. "We're going to need assistance, but it will be focused on the economic benefits of the sales-tax revenues generated on site," Kaufman said. Kaufman says his firm originally intended to renovate Los Arcos when it bought the mall in 1996. But Ellman could -'B 825 30287 -'B 214 1 7w 3380 Mike FimeaArizona Business Gazette Stripped of its anchor stores, Los Arcos Mall in Scottsdale now is pinning its hopes on an ambitious redevelopment project.

Regional Interest 41 AlliedSignal Inc ALD 41 Boemg lOS'Vte Intel Corp INTC 64Vta Medtronic mdt 53 Motorola Inc MOT 37 Orbital Scleneos CRD 3 'is Piranlnt PRAN 8V4 Simula fnc SMU 53V4" TRW TRW 62 UAL UAL 41 Vie Vanan Associates VAR 47Ks 32 99Vz 6532 7'A 4T1 67'V16 38 50 rTTHi 4Vw 58 42'Vie 60 31 V16 10515 "30428 6'A 315394 11888 21 25463 -1V7;" 350 Vie 549 2R69 V2 Martlets: NYSE, NASDAQ A AMEX not persuade 'existing anchor stores to stay. Broadway bailed out of Los Arcos after the department-store chain was bought by Macy's and Sears will move to Scottsdale Fashion Square early next year. "The key to any mall is anchors, and when you don't have any, there's nothing to pull customers into the other stores," Kaufman said. The Rockwell Group, a New York architectural firm, was hired by Ellman to come up with a new plan. The proposal is essentially a mixed-use project that doubles as a town center.

"We wanted to create an environ ment that would have appeal as a gathering place, and also where the various components of the project would support each other," Rockwell said. As an example, Rockwell says, the theater, restaurants and shaded sitting areas would be used by people staying at the hotel and conference center on the west side of Scottsdale Road. As in a standard mall, Kaufman says, anchors are strategically placed around the project. The difference is that department stores won't be the anchors. Instead, the big drawing cards will be the arena, the hotelconference center, the It .1 i "i Mala Siu ti Wca.t Dtlve Chandler Chamber of Commerce, 218 N.

Arizona Chandler 85224. Open 8:30 a.m. to 5 p.m. 963-4571. Apache Junction Chamber of Commerce, 112 E.

2nd Box 1747, Apache Junction 85219. Open 8 a.m. to 5 p.m. Monday-Friday. 982-3141.

NOT JUST FORDS! We always have a wide variety of different makes and models CANADIAN STOCK REPORT Dm Slock dm ChMfi Stoct East Valley town and city Chambers of Commerce: Tempe Chamber of Commerce, 909 E. Apache Tempe 85281. Open 8 am to 5 p.m. Monday-Friday. 967-7891.

Mesa Chamber of Commerce, 120 N. Center Mesa 85210. Open 8 a.m. to 5 p.m. Monday-Friday.

969-1307. Ahwatukee Foothills Chamber of Commerce, 4545 E. Chandler Phoenix85044. Open 8 a.m. to 5 p.m.

Monday-Friday. 961-2384. Gilbert Chamber of Commerce, 202 N. Gilbert Road, Gilbert 85234. Open 8 a.m.

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