Author: BEX Staff

By Roland Murphy for AZBEX While we usually think of master-planned developments as coming in or around high-traffic growth areas, a proposal in the small town of Gila Bend in southwestern Maricopa County shows no area is immune to growth and development around the state. DG AZ Investments has requested a minor general plan amendment and a rezoning from Rural to Planned Area Development for a 238-acre site at the NWC of Gila Blvd. and Williams Street to develop a multi-phase master planned community. According to the project description submitted by Town staff, “The first phase will include a variety…

MODUS Companies has closed on 39 acres at I-10 and Florence Blvd. in Casa Grande with the intention of developing 470 Build-to-Rent units for the growing market. MODUS bought the land near the Promenade Shopping Center from Walton Companies for $2.9M. The new homes will feature MODUS’ Net Zero Energy efficiency and sustainability features. Planned amenities for the two-phase development include a clubhouse, fitness center, dog park and pickleball courts. MODUS has a project in negotiations in Florence and has also recently closed on a 30-acre site in Buckeye at Watson Road and I-10 where it plans to develop between…

The Peoria City Council has approved a requested rezoning and general plan amendment from Xanadu Investments, LLC to develop an 82-unit Build-to-Rent community on 10.3 acres near Happy Valley Road and 107th Avenue. The site is located in the Tierra Del Rio Planned Area Development. The proposal calls for single-story buildings with floorplans for 32 one-bedroom, 34 two-bedroom and 16 three-bedroom units. Planned amenities include a pool, picnic area, clubhouse and fitness center, and a barbeque area. Edifice Architecture is the design firm, and the project is represented by Tiffany & Bosco, P.A. (Source)

A legal fight over affordability concerns at the South Pier at Tempe Town Lake development, the appropriate extent of citizen involvement in project approval, Tempe’s unique affordable housing funding program and the issue of affordable housing, itself, is continuing to roil City policy and development efforts. Following City Council’s approval in March, affordable housing advocacy group Central Arizonans for a Sustainable Economy launched a signature drive to put the South Pier project on a Tempe ballot. CASE’s primary complaints are that there are no designated affordable housing units as part of the project and an allegation that there was not…

Giving Back 1. The Central Arizona chapter of CCIM is offering two scholarships for classes in 2023 that lead toward getting the Certified Commercial Investment Member designation. The 2023 scholarship programs are: The Tim Hatlestad, CCIM Endowed Scholarship, $1,000 value (CI 102, 103 or 104);The David S. Miller, CCIM Endowed Scholarship, $1,000 value (CI 102, 103 or 104). Applications should be submitted directly to the individual’s local CCIM chapter. Incomplete or late applications will not be accepted. Deadline for submission is Nov. 7. Recipients will be notified on or before Dec. 1. Company News 2. Big-D Companies announced Johnson Carlier, an…

Sales Transactions 1. Cushman & Wakefield has advised the $109.2M sale of a fully leased 730.8KSF big-box distribution building on more than 46 acres in Goodyear. Lakin Park Building 1A was acquired by BentallGreenOak. The seller was the joint venture of Clarius Partners, LLC and Walton Street Capital. Will Strong, Greer Oliver, and Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group represented the seller. Mike Haenel and Andy Markham also provided leasing advisory. 2. KKR & Co. Inc. has purchased the two-building, 633.3KSF industrial property 101 at Van Buren in Avondale for $91.8M. The development was recently completed…

Larson Development Group is planning a 240-unit Build-to-Rent development on 20.2 acres in Casa Grande on Burris Road. President and CEO Kirk Larson expects to spend approximately $56M on the development. Planned units at The Element at Casa Grande include one- and two-bedroom duplexes of 800SF and 1,050SF, respectively, and two-story triplex townhomes of between 1,400SF and 1,550SF. The homes will feature synthetic turf backyards and smart home technology. Planned amenities include a 3.5KSF clubhouse with a fitness center, lounge, kitchen and gaming area. Larson has requested a planned area development for the site since the property was originally platted…

A proposal has been submitted to the City of Phoenix to turn 270 acres in Laveen into a master-planned mixed-use development near Loop 202. Gila Foothills would enable industrial, commercial, hotel and housing uses in a multi-phased development. A planned unit development rezoning request was submitted in June. Planned uses include approximately 60 acres of residential, 40 acres of resort uses, 42 acres of commercial and 100-plus acres of employment/industrial. According to documents submitted with the proposal, companies associated with the project include Enterprise Capital, Gila and Salt River Development LLC, RVI Planning & Landscape Architecture, Lokahi Group, Helix Engineering…

Several new and expanded projects have been proposed in Glendale, primarily focused in the area of the Loop 101 freeway. The Glendale Planning Commission was scheduled to review two major new items in its meeting this week. Urban 95 The first project is a master plan known as Urban 95. The proposal seeks to add three acres to an already established planned area development at the SWC of Missouri and 95th avenues. The revisions will bring the total area to almost 35 acres. Original plans for the site called for retail, office, hotel and some residential. The new plan focuses…

The Scottsdale Planning Commission had been scheduled to vote on the Ashler Hills Park Municipal Use Master Site Plan in its Aug. 10 meeting, but questions and comments from nearby residents led to the item being continued to a later date. Voters approved Ashler Hills Park in north Scottsdale as part of a 2019 bond package. Current plans call for a 15-acre park area with pickleball, dog areas, playground, basketball court, a picnic area, walking path and parking spaces. City officials have said the developed three-to-four acres aligns with other Scottsdale neighborhood parks. The residential neighborhood lies north of the…