Author: BEX Staff

By Roland Murphy for AZBEX Another 566 apartment units could be on the way in Tempe following the March 14th Development Review Commission’s recommendations for approval of four requests from multifamily developer IDM Companies. IDM has requested a general plan amendment, rezoning, Planned Area Development overlay and development plan review of its IDM Fountainhead project, planned on 8.24 acres of a total 24.95-acre site at Priest and Alameda drives, east of the I-10. The proposal seeks to build 566 apartments in two new five-story buildings, as well as a third, two-story building that will serve as a clubhouse and amenity…

By National Park Service The National Park Service is preparing for a multi-year $208M rehabilitation of the Transcanyon Waterline and related upgrades to the associated water delivery system within the inner canyon and South Rim of Grand Canyon National Park. This critical investment will ensure the park is able to meet water supply needs for the next 50-plus years, supporting six million annual visitors and approximately 2,500 year-round residents. Initial activity in late spring and summer 2023 will focus on establishing construction infrastructure and staging areas in the Grand Canyon Village Area on the park’s South Rim. The NPS does…

The City of Goodyear and Microsoft Corp. have updated their development agreement for future projects. Microsoft will change its cooling system on future data centers and contribute nearly $42M to expanding Goodyear’s wastewater capacity. To date, Microsoft has developed a 290KSF building and has another 250KSF building under construction. It plans to start another 250KSF building soon. The company also has plans for a five-building data center on approximately 300 acres near the Phoenix Goodyear Airport. Microsoft and Goodyear have been in discussions for years about the volume of wastewater produced by cooling its data centers. This is the third…

By Roland Murphy for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 3.8% in January, down from 4.0% in December, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 3.4% from 3.5%. In January 2022, the state had a seasonally adjusted rate of 3.6%, and the national was 4.0%. The state had a loss of 32,600 non-farm jobs over the month. “Prior to the pandemic (2010-2019), NSA nonfarm employment lost 51,000 jobs on average in January” the report states. Government gained 2,700 jobs in January. The private sector lost 35,300 jobs…

Groundbreakings 1. The Arizona Department of Transportation has started work to improve six miles of east- and westbound I-10 between Riggs Road and the Gila River bridges in both Maricopa and Pinal counties. Work includes pavement improvements in both directions of I-10 and replacing guardrails and pavement markings. Work is expected to be completed in July.  Progress Reports 2. Abrazo Health staff and officials recently celebrated progress on the Arrowhead Campus neonatal unit expansion with a beam signing ceremony. Framework for the 8.5KSF addition is now visible. The estimated $14M project is targeted for completion late this year.  3. Work…

The Maricopa County Board of Supervisors has approved plans from Caliber Development Company to convert the Four Points by Sheraton Phoenix South Mountain hotel at 51st Street and Elliot Road into an apartment development with between 184 and 188 units. Along with converting the existing hotel, Caliber plans to build 18 new buildings with one- and two-bedroom units and 40 two-story duplexes on the site. Caliber has not provided a timeline for the project, which cannot proceed until Marriott International sells the hotel. There was also no update provided on the sales negotiations’ status. Before construction can start, Caliber must…

Some residents of Phoenix’s Carnation neighborhood in the Uptown District are questioning the City’s commitment to the Walkable Urban Code and Transit Oriented Development. The City created the Reinvent PHX program—a collaboration between Phoenix, the U.S. Department of Housing and Urban Development, Arizona State University and other organizations—to create highly walkable communities and guide development along mass transit corridors. Part of the plan included the creation of the Walkable Urban Code and the creation of TOD Districts, including the Reinvent PHX TOD Uptown District Plan. Uptown is bounded by Indian School Road, Missouri Avenue, 7th Street and 15th Avenue. Uptown…

By Roland Murphy for AZBEX As attendees to last week’s BEX Leading Market Series event and readers of AZBEX’s front-page coverage saw, major Arizona healthcare companies are facing challenges when it comes to balancing new facilities development with current market conditions. (AZBEX, March 10) Despite the difficulties of a problematic capital market, timing current demand with future needs and predicting the best location to most efficiently serve the maximum number of patients, those providers are still moving ahead with near-, medium- and long-term plans to ensure both service and revenue levels on an ongoing basis. To that end, this week…

A lack of market demand has led to a reduction in the amount of office space proposed for Goodyear Celebration Plaza, a 70-acre mixed-use master plan near I-10 and Litchfield Road in Goodyear. In a presentation to the Goodyear Planning and Zoning Commission on behalf of owner ICIC Property Investment 5 LLC, attorney Jeff Blilie of Bues Gilbert McGroder explained an economic analysis of the proposal by consulting firm Elliott D. Pollack & Co. determined the planned office space far exceeded the regional demand. The master plan calls for office, residential and retail uses. The developer is asking for an…

By Associated Builders and Contractors The construction industry added 24,000 jobs on net in February, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 249,000 jobs, an increase of 3.2%. Nonresidential construction employment increased by 11,600 positions, with growth registered in all three subcategories. Heavy and civil engineering added 7,700 net new jobs, while nonresidential specialty trade added 2,200 positions. The number of nonresidential building jobs increased by 1,700. The construction unemployment rate fell to 6.6% in February, down from 6.9% in…