Author: BEX Staff

By Roland Murphy for AZBEX In an October press release long on promotion but short on details, Aligned Data Centers announced land acquisitions for two new “mega campuses” in the Phoenix area that will deliver 400MW of capacity. A Dec. 6 article in the SanTan Sun News and follow-up work by BEX Companies Research staff provided the missing details. The first project – Aligned Energy Data Center PHX04 – has been under construction for months. City of Chandler records show the foundation permit was issued in June, and work began in July or August. The building permit was issued in…

The Phoenix City Council will vote this week on a development agreement and infrastructure reimbursement package for Chevelle Properties LLC. The proposed project would create a 32-acre office campus and 300KSF facility near the SWC of Tatum and Mayo boulevards. The Arizona State Land Department currently owns the site and has scheduled a public auction for Dec. 27. Minimum bid is $29.425M. The project will be developed by Chevelle Properties LLC and is referred to under the codename “Project Christmas” in City documents. Phase I of the development is expected to be a roughly $198M investment that will retain or…

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…