Author: BEX Staff

The Glendale Planning Commission has recommended approval for a rezoning request that would enable an expansion at Tanger Outlets in the Westgate Entertainment District. Outlets at Westgate LLC wants to build an entertainment facility, four new restaurants and a digital billboard on a seven-acre parcel along Loop 101 on the shopping center’s west side. The restaurant uses would total 30.3KSF, and the entertainment location would be 14KSF. Tanger is currently working to secure business tenants for the location, according to project representatives. Submissions for the project identify Adams + Associates Architecture as the design firm, Withey Morris as the project’s…

By Arizona Department of Transportation Approval of a $400M appropriation by the Arizona legislature means the Arizona Department of Transportation can now submit a grant request for an additional $300 million in federal money for a proposed project to alleviate long standing traffic congestion on Interstate 10 between Chandler and Casa Grande. Governor Doug Ducey has signed legislation sponsored by Senator T.J. Shope (R) – Coolidge. It appropriates $400M for this proposed project that was first outlined in the Governor’s fiscal year 2023 budget proposal. This would accelerate the expansion of this congested 26-mile stretch of I-10, the last segment…

Groundbreakings 1. Construction has begun on the 40-unit Mountainside Residences condo community in the Ascent at The Phoenician development. Planning is underway for the 60-unit Camelback Residences, the next phase in the development. 2. Banner Health recently held a groundbreaking ceremony for its Banner Sports Medicine Scottsdale facility. The three-story, 80KSF center will welcome and serve athletes at all levels. The $54M project is part of Alter Group’s Riverwalk at Talking Stick mixed-use development. 3. A.R. Mays Construction announced a May start date for construction of Aileron by Moderne, a $44M, 287-unit apartment development in north Phoenix for developer Trimod…

By Rio Nuevo Board In one of Rio Nuevo’s most active recent meetings, the Board – unanimous on every agenda item – approved projects ranging from a $180M hotel and residential complex to a new bar and restaurant on Congress Street and many more. Developer Scott Stiteler presented his plans for the entire block at 340 N. Sixth Ave. and 7th Street. Phase One is an $8M investment by Stiteler’s team to fully renovate the Corbett Building. This renovation will include an “old school” burger joint, a beer garden, five pickleball courts, and 188 parking spots. Stiteler also has plans…

The Pinyon Plain Mine, a planned uranium extraction operation roughly 10 miles south of the South Rim of the Grand Canyon, recently took one more step toward operation when the Arizona Department of Environmental Quality issued an aquifer protection plan permit. The permit is required for any operation that discharges pollutants into groundwater. Applicants must show how they plan to use technology to prevent discharges from filtering into groundwater and meet other state water quality standards. The Obama Administration issued a 1-million-acre mineral extraction ban in the area of the mine. Pinyon Plain was grandfathered because it has been in…

By Salt River Project With the coal-fired Coronado Generating Station scheduled to close no later than 2032, Salt River Project is launching several studies, and working with the local St. Johns community, to investigate possible low- or no-carbon reuses of the plant site. Transitioning coal communities to a new economic way of life is a vital initiative for SRP, Arizona and the entire U.S. SRP is committed to supporting all nearby impacted communities reliant on CGS to shift their economic strategies as they develop a sustainable, strategic economy. SRP’s Coal Communities Transition Team has already begun work on a community…

By City of Scottsdale Scottsdale City Council approved the 2022 Transportation Action Plan at its April 26th meeting. The plan is focused on flexible transportation planning, implementing new technology and investing in existing infrastructure. TAP 2022 is divided into five elements: Streets, Transit, Bikeways, Pedestrian Use and Trails. TAP 2022 priorities include: Supporting sustainability and cost savings by preserving and maintaining infrastructure;Ensuring flexibility to respond to changing technology and shifting priorities;Closing system gaps and improving local and regional connectivity with path systems, trail corridors and transit routes;Building complete streets to provide safe access for pedestrians, bicyclists, motorists and transit riders…

Awards & Accolades 1. Scottsdale Water Resources Administrator Kevin Rose was named the Operations Leader of the Year at the 2022 Arizona Water Conference in April. 2. The Central Arizona CCIM Chapter welcomed two designees from NAI Horizon, First Vice Presidents Victoria Filice and Andrew Warner. Filice is with the Nunez Self Storage Group. Warner is a member of the Manufactured Housing Group. 3. Gary Heinfeld has been elected to Region 2 First Vice President for 2023. Boards & Commissions 4. Helios Education Foundation announced today the expansion of its Board of Directors with the appointment of Kitchell President and…

Sales Transactions 1. Institutional Property Advisors, a division of Marcus & Millichap, has announced the $201.75M portfolio sale of three Southwest area multifamily communities, including two in Arizona. The Arizona properties are: The Villages at Metro Center, 296 units, and Crystal Creek, 273-units, both in Phoenix. Steve Gebing and Cliff David, of IPA represented seller JB Partners, and procured the buyer, Bridge Investment Group. 2. Decron Properties has purchased the 328-unit Tamarron Apartments community in Phoenix for $128M. 3. Peoria’s largest undeveloped master planned community site, the 5,261-acre Saddleback Heights has been acquired by Castle Hill Partners for a reported price…

By Arizona Commerce Authority A new report comparing state economies ranks Arizona No. 1 for economic performance over the last decade. The latest Rich States, Poor States analysis from the American Legislative Exchange Council gave Arizona the highest marks in the country in its annual ranking based on the state’s Gross Domestic Product, population, and job growth. This year’s survey is the first time Arizona ranked No. 1 for economic performance. In addition, Arizona ranked No. 3 for economic outlook, a measure that predicts future economic performance based on 15 policy variables including a state’s tax burden, public debt, and…