Rio Nuevo Board

High demand and limited supply of rental property in the the Tucson market has one developer converting a student housing complex to traditional apartments.

The plan would allow for buildings up to 14 and 16 stories tall, with affordable housing, along two miles of Broadway, known as the Sunshine Mile.

Hotel Congress hopes to add a permanent stage on the patio as well as a lounge for mescal and wine tasting and jazz music.

Rio Nuevo has committed nearly $70 million to spruce up the TCC, including technology upgrades to support virtual or hybrid gatherings.

Wow Studios, will lease 17,474 square feet at 1 E. Toole Ave., adding 50 jobs and 20 internships.

The board voted to spend up to $250,000 to help sponsor the Dusk Music Festival, El Tour de Tucson, Arizona Bowl, Second Saturdays and the Jazz Festival.

Twenty years after its inception, the once-beleaguered Rio Nuevo District today is earning praise for its progress on downtown projects and financial prudence.

Developers plan to convert eight floors of the 23-story tower at 1 S. Church into a hotel.