- [February 6, 2025] - Business Boosters Fear Impacts as Scottsdale Certifies Axon Referendum
- [February 5, 2025] - 23-acre, 233.5KSF Commercial/MOB Project Planned in N. Phoenix
- [February 5, 2025] - $10M-Plus Lien Filed Against KOREPlex
- [February 4, 2025] - 367-Unit Development Proposed at Bella Storia in Gilbert
- [February 4, 2025] - $400M SRP/CAP Connection Project Gets $154M from Feds
- [February 4, 2025] - NAHB Wants Trump to Exclude Building Materials from Tariffs
- [February 4, 2025] - Industry Professionals 02-04-25
- [February 4, 2025] - Commercial Real Estate 02-04-25
Author: BEX Staff
The Gilbert Town Council is scheduled to vote to approve the $4.6M sale of 2.88 acres at the south end of the Heritage District for a mixed-use development. The South Anchor plan has been called a critical component in the District’s development, serving as a gateway into downtown. The agreement under consideration with Keeley Development Group would create a 344KSF building with 200 residential units wrapped around a parking structure, 2KSF of general commercial and 2KSF of community/co-working space. A grocery store is one possible use for the area. Unlike some projects previously proposed in the Heritage District, the developer…
By Roland Murphy for AZBEX The Maricopa Association of Governments has released the 2022 Annual Report on the Status of the Implementation of Proposition 400, a comprehensive review of the progress made on transportation projects funded under the half-cent sales tax most recently approved by Maricopa County voters in 2004. According to the announcement on MAG’s website, “Valley residents have seen 410 new corridor miles of freeways, 252 miles of street projects, and millions of additional miles of bus service since the implementation of Proposition 400.” MAG is required by law to produce the annual report and does so in…
The Tempe Development Review Commission has approved a planned three-building 689KSF speculative industrial development by Overton Moore Properties on North McClintock Drive. The 35-acre site had previously been the home of the Big Surf Wave Park and Inland Oceans Ice Arena. After the parks closed earlier this year, OMP paid former owner Inland Oceans Inc. $49.97M for the property. The OMP Tempe Industrial Park plans to subdivide the property into three lots with one building apiece. Project documents show HPA Architecture is the project design firm. (Source)
Looking to protect the Prescott Regional Airport from potential development that could affect its future operations, the Prescott Planning and Zoning Commission has recommended approval for an Airport Vicinity Overlay district. Development in the 1,800-acre Deep Well Ranch is exempted as the City and the master plan’s developers continue negotiations. P&Z conducted five hearings on the controversial issue between its first proposal in August and November. The Dec. 8 vote to recommend approval passed 5-1. The measure will go to City Council after the start of the new year, but no date has been scheduled yet. Supporters are seeking to…
By LGE Design Build Leading national design-build firm LGE Design Build has released its fourth quarter Construction Delivery Outlook report, examining key trends in construction labor, supply chain, material costs and demand to determine what will define the industry in 2023. Construction Labor The construction unemployment rate is still below pre-pandemic levels but the demand for skilled workers remains. Despite the economic challenges presented in the first half of the year, general contractors and subcontractors are still looking to fill positions. The struggle to hire contributes to rising project costs and overall delays which are expected to continue into 2023.…
Groundbreakings 1. The 50KSF, $44M Mesa Northeast Public Safety Facility officially got underway this month with the City Council’s approval of a construction contract and the holding of a groundbreaking ceremony. Completion is expected late in 2024. 2. Mission Heights Preparatory Academy in Casa Grande held a groundbreaking this week for a planned expansion. The expansion will add five new classrooms, a gym, locker rooms and athletic offices. When completed, the new space will give the charter school enough room to add 100 more students. Progress Reports 3. The City of Phoenix has received a $1M grant from the Federal Transit Administration…
By Roland Murphy for AZBEX Scottsdale City Council delivered a mixed – but generally not surprising – bag of results for three highly publicized multifamily projects up for consideration at its Dec. 7 meeting. The projects up for review were 94 Hundred Shea – The Village, Mercado Courtyards and 3202 Scottsdale (also known as Scottsdale 3200 North). While 3202 Scottsdale managed to largely fly under the radar of opposition groups, the other two – both located adjacent to each other and near the HonorHealth Scottsdale Shea Medical Center – have been the targets of focused opposition and vitriol from both…
By Performance Capital Partners, LLC and BEX Staff for AZBEX Performance Capital Partners, LLC has acquired a site for its upcoming dual-brand Marriott TownePlace Suites and Marriott Fairfield Inn & Suites hotel complex to be located in Village at Prasada on the southeast quadrant of Waddell Road and Loop 303 in Surprise. This new prototype hotel will have a contemporary look and feel with a warm and natural color. The TownePlace Suites will feature in-suite kitchens, including full-sized refrigerators, microwaves, cooktops, and dishwashers. The hotel complex will feature: A bar, Outdoor patio with fire pits and grills, An oversized fitness…
The Scottsdale City Council has voted to update its building and energy construction codes and made a green construction code for new buildings mandatory. Homebuilders will also be required to include the ability to add fast electric vehicle charging outlets in the garages of new single-family homes. The building code is taken from the 2021 International Residential Code. The energy code is from the 2021 International Energy Conservation Code, and the green construction code is from International Green Construction Code. Along with the vote, Council declared all three sources to be public records. Council members all supported the changes, but…
By Roland Murphy for AZBEX A request to amend the zoning district map for a 5.78-gross-acre site at 13875 N. Northsight Blvd. in Scottsdale was submitted last week. The change is needed to develop a residential healthcare facility with an estimated 188 units/270 beds. The property is owned by Northsight Partners LLC (KB DEVCO, LLC). KB DEVCO bought the site – currently home to a parking area and an 8.2KSF vacant former credit union building – for $4.3M in February, according to the company website and Maricopa County records. The Northsight Residential Healthcare proposal would amend the current Central Business…