Author: BEX Staff

By Roland Murphy for AZBEX Another major project is joining the ranks of those seeking development delays due to market conditions and process considerations. The Innovation Centre in Goodyear is a master-planned mixed-use proposal on the 224-acre site of a former racetrack facility that was demolished in 2017. The predominant portion of the plan is a roughly 140-acre industrial development of approximately 2.2MSF. The other components include a 26-acre commercial/retail and entertainment district and a 59-acre office/employment district. Keystone Equities purchased the land and, after two rejections from the Goodyear Planning Commission, secured City Council’s approval for Planned Area Development…

By Colliers U.S. industrial space developer Panattoni Development has land at 36th Street and South Avenue 4E in Yuma for development of a 1MSF-plus industrial park. Panattoni sees an opportunity for U.S. and international companies to utilize Yuma as a distribution point for both the U.S. and Mexico markets. “As a result of pandemic supply chain issues, escalating shipping expenses and tensions with China, many companies are bringing manufacturing back to North America,” says Rob Martensen, senior executive VP with Colliers in Arizona. “This project offers companies that manufacture in Mexicali and other areas south of the U.S. border to…

By Roland Murphy for AZBEX The more important the topic being studied, the more important it becomes to look at multiple sources. It’s especially useful when those sources take different approaches to data collection and analysis. ABI Multifamily dropped its Year End 2022 Phoenix Multifamily report toward the end of January, and Northmarq issued its Q4 2022 Market Insights report earlier this week. In addition to using some common and some unique sources, the two reports cater to generally different data consumption preferences. ABI tends to go for a more tabular reporting format, appealing to the more number-centric. Northmarq’s presentation…

Sun Life Health has announced plans for a four-story healthcare and education campus on 10 acres at the SWC of Florence Blvd. and Henness Road in Casa Grande. Planned elements include up to 90 primary care examination rooms, a women’s health center and clinic with 25 exam rooms, and behavioral and pediatric health facilities. The educational space will target providing medical professionals with hands-on experience, including residency programs, externships and clinical rotations. Design plans are expected “in the coming months” and will seek planning and zoning and City Council approvals before construction. (Source)

A City of Phoenix plan to redevelop a 12.1-acre infill site at the SWC of 24th Street and Broadway road took another step forward late last month. In a Jan. 25 meeting, the Economic Development and Equity Subcommittee approved a motion to let the City issue a request for proposals to develop the site, part of the “Four Corners” intersection, which Phoenix has been trying to redevelop for at least two decades. Key desires for the area, which is in a “food desert,” include a grocery store with healthy options, community-focused medical services, and hospitality options including local retail, full-service…

By Associated Builders and Contractors and BEX Staff for AZBEX The not seasonally adjusted national construction unemployment rate dropped 0.6% in December 2022 from a year ago, down from 5% to 4.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. Thirty-two states had lower unemployment rates over the same period, Iowa and Missouri were unchanged and 16 states were higher. National NSA payroll construction employment was 242,000 higher than in December 2021. From March through December 2022, seasonally adjusted construction employment was above its February 2020 pre-pandemic peak of 7,624,000,…

Awards & Accolades 1. PK Associates announced it has been awarded a National Council of Structural Engineers Associations 2022 Structural Engineering Excellence Award in the category of New Buildings under $30M for the Helios Education Foundation Campus. 2. KTGY announced it earned nine prestigious awards, including one Gold award and eight Silver awards at the recent National Association of Home Builders’ awards events held during the International Builders’ Show in Las Vegas: the Best in American Living Awards and The Nationals. One award was a Silver Nationals Award for Caleda – The Triana, in Queen Creek in the Best Single-Family…

By PCCP and The Dinerstein Companies A joint venture partnership between real estate investment management company PCCP and real estate and development firm The Dinerstein Companies has announced development plans for Atlas Mesa, a Class-A 394-unit apartment community at the NWC of East Baseline Road and South Sunview. The site is adjacent to A.T. Still University and just east of Banner Gateway Medical Center. Atlas Mesa will have a studio, one-, two- and three-bedroom apartments ranging from 562SF to 1,394SF. Spanning 9.83 acres and totaling 400KSF, the property will consist of four four-story buildings served by elevators and a leasing…

By Roland Murphy for AZBEX The Gilbert Town Council will hear a request this week to terminate the development agreement between the Town and SAP Holdings, LLC for the creation of Santan Adventure Park, a proposed four-acre theme park on Knox Road off Santan Village Parkway north of Ray Road. A memo to the Council from Gilbert Parks and Recreation Manager Rocky Brown says, “The termination is due to recent economic conditions and the current high cost of construction.” Gilbert issued a Request for Proposal to develop the facility on four vacant acres at Crossroads Park in 2015. SAP Holdings…

By Roland Murphy AZBEX and BEX Companies are dedicated to covering and supporting the Architecture/Engineering/Construction industry in Arizona. From our inception more than a decade ago, our operating mission has been: “We help our subscribers find work.” That focus has been both broad enough to allow us to cover a wide range of topics and narrow enough to keep us from wading into any number of social and political quagmires. We’ve also exercised a fair amount of restraint because both Founder and President Rebekah Morris and Managing Editor Roland Murphy hold the old school view of journalism and reporting that…