Author: BEX Staff

Greenlight Communities plans to build a 114-unit apartment development at Sunnyside and 19th avenues on a 3.75-acre vacant parcel being sold by Kingdom in the Valley Christian Church. The lot will be split from the church parcel prior to development. Plans for Streamliner Sunnyside Multifamily call for two three-story buildings with 72 and 42 units. The planned mix consists of 36 studios, 42 one-bedroom and 36 two-bedroom units. Amenities include a swimming pool, fitness center and laundry facilities. The project was granted a preliminary site plan approval last month. The development team is comprised of owner Greenlight Communities, architect WORKSBUREAU,…

Seritage Growth Properties has submitted preliminary materials to the Mesa Planning Department seeking to demolish the vacant Sears store at the Superstition Springs Center mall and build a 254-unit apartment complex in its place. Seritage was created in 2015 to manage real estate that had been acquired from Sears Holdings. The Superstition Springs location closed in 2018 and has remained vacant, though the mall, itself, remains open. The new development would be detached from the mall, but Seritage said in its materials it would maintain the mall’s circulation. The development is planned as a mix of studio, one-, two- and…

The Bureau of Reclamation has issued a Finding of No Significant Impact for a plan by the Town of Queen Creek to buy water from farmland in Cibola, an unincorporated community in La Paz County along the Colorado River. The Town and the Bureau can now sign contracts and finalize agreements. Queen Creek will purchase perpetual rights to 2,033 acre-feet of water per year from GSC Farm LLC for approximately $21M. Delivery of the water could begin by January. Water rights for agricultural land directly adjacent to the river are classed as high priority and are not subject to the…

Groundbreakings 1. Higley Unified School District held a groundbreaking ceremony for the 20KSF academic building at Higley High School on East Pecos Road in Gilbert. The facility was designed by DLR Group and is being built by CHASSE Building Team. 2. FCL Builders recently broke ground on the Power 202 Logistics Park for developer Johnson Development Associates. The project includes four industrial buildings totaling 543KSF in both double and rear loading configurations. Ware Malcomb is the architect and Pat Feeney, Dan Calihan and Tyler Vowels with CBRE are handling leasing. Delivery is targeted for fall of 2023.  3. Coconino County has…

By Roland Murphy for AZBEX SBL Real Estate wants to develop a two-story, climate-controlled storage facility at the SEC of Beloat Road and 7th Street in Buckeye. According to the project narrative, the project will feature a two-story building of 81.6KSF, exterior storage of 39.5KSF, and RV parking with 190 spaces – including both covered and uncovered. RV amenities will include security cameras around the site perimeter, a water station and a sewer dump station. The site is currently zoned G-C, which permits this type of development. The building design is intended to be removed from the standard storage facility…

HonorHealth has requested a rezoning from the City of Phoenix to bring its 18.22-acre Deer Valley campus at I-17 and Loop 101 under a Planned Unit Development. The rezoning will enable a consistent master site plan, according to application documents. Rezoning to PUD would allow for the development of a possible medical campus and hospital expansion, which could include three new buildings and parking structure. (Source) 

By Associated Builders and Contractors The construction industry added 16,000 jobs on net in August, 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 311,000 jobs or 4.2%. Nonresidential construction employment rose by 4,300 positions on net, with positive growth in two of three subcategories. Nonresidential specialty trade added 5,600 net new jobs, while nonresidential building added 700 jobs. Heavy and civil engineering employment fell by 2,000 positions. The construction unemployment rate rose to 3.9% in August. Unemployment across all industries expanded…

By Roland Murphy for AZBEX Another 3.8MSF of industrial development could soon make its way into the Mesa pipeline thanks to a proposal currently under review. Developer Shopoff Realty Investments, LP is requesting a rezoning, design and site plan review, and annexation for The Block on Elliot – a three-phase, 273-acre business park with eight building sets at the SWC of Elliot and Sossaman roads. According to the project narrative, “The phasing, mix of building options, and build-to-suit configurations are designed to make this site fit for the variety of national corporations and employment uses that Mesa desires to locate…

A new master-planned community is taking shape in Marana. Bela Flor Communities recently spent $4.25M to add 113 acres to its Mandarina master plan, which now totals 455 acres. Mandarina Phase I is planned as a 342-acre mixed-use development at the I-10/Union Pacific Railroad Corridor and Tangerine Road. There is a planned mix of single-family – both attached and detached – and multifamily with a combined total of 2,500 units. The project will also feature a commercial and hospitality mix of retail, hotel and other uses. Representatives say 1,500 single-family lots are already committed or in escrow. The newly purchased…

By BEX Staff for AZBEX A recent report from REIT.com shows commercial real estate market fundamentals remain strong even in the face of ongoing economic uncertainty. The report looked at the issues of construction volumes, absorption/deliveries, vacancy rates and rental growth in Apartments, Industrial, Office and Retail. The following is a snapshot of the findings. Apartments Apartment construction as a percentage of existing stock remained close to its peak level of 4.6%. The current pace is almost double the average in the year leading up to the Great Recession. Q2 marked the third consecutive quarter in which net deliveries outpaced…