Author: BEX Staff

Resident and member concerns about traffic, access and egress, and fire safety presented issues for the proposed 100-unit townhome community The Cleveland went before the Goodyear Planning and Zoning Commission last week. Porter Kyle Multifamily Developers & Builders is requesting a rezone of the six-acre-plus site from agricultural-urban to multifamily to allow the project near Portland Street and Sarival Avenue. At issue is the often-cited worry about traffic impacts, in this case the fact that the development plans have a single access and exit point onto Sarival. A piece of land that would allow for access to Portland Street is…

The San Carlos Apache Healthcare Corporation and the San Carlos Council have begun planning a 100-bed long-term skilled nursing facility on tribal land near Peridot. The Council has allocated $36M in funding received under the American Rescue Plan Act for the facility, which will focus on tribal members with long-haul COVID-19 issues and/or who are older than 55 years and in need of long-term healthcare. Council Chairman Terry Rambler expressed the need for new facility in a recent announcement, which also said the location on an 840-acre parcel on an SCAHC campus is expected to be operational by December 2024.…

Tucson Electric Power has put on hold its plan to run a high-voltage overhead power line project through central Tucson as it continues to negotiate with City representatives and other interested parties. TEP requested a meeting postponement from the Arizona Power Plant and Transmission Line Siting Committee, which had been scheduled to discuss the plan on February 7th. The Committee agreed to the request and let TEP withdraw its application. A new meeting is scheduled for July 25th, and a new application is due in May. The withdrawn proposal would have erected the line on the eastern edge of the…

Flagstaff City Council has unanimously adopted a 10-year housing plan to address the “Affordable Housing Emergency” declared in 2020. The City conducted extensive outreach in assembling the plan, including surveys, more than 16 hours of public comment, 600 written submissions and contributions of more than 1,000 hours of work from 80 volunteers. Flagstaff’s average rent is $1,750/month. More than half of survey respondents said they pay too much in rent to save for a house, and 83% said home prices were a barrier to the ability to buy. The surveys also revealed more than 58% of respondents would consider relocating…

Two community facilities districts in the southern portion of Apache Junction may sell up to $400M in general obligation bonds for infrastructure. The boards for Superstition Vistas Community Facilities District Nos. 1 and 2 voted to approve resolutions to adopt the results of district bond elections held February 2nd. The districts cover the master-planned communities for D.R. Horton and Brookfield Residential that will have approximately 10,500 residences when built out. The bonds will be repaid by SVCFD residents through a property tax. SVCFD No. 1 residents can expect to pay $3.30/$100 of assessed value, while SVCFD No.2 residents will see…

Having received several million dollars in grant funding under the American Rescue Plan Act and other sources, Yuma County is now planning what to do with the money as it comes in. Staff members are trying to manage existing grant funds while anticipating many more that are expected to arrive. The Yuma County Board of Supervisors has authorized a new hire in the County Administrator’s Grant Division to help streamline to process. The County currently has more than $12M in grant contracts and is expecting another $60M in total. Specific projects that will receive funding under grant contracts include: The…

Giving Back 1. The Sundt Foundation awarded $28K to eight nonprofits in the Tucson area during its current giving round. Nonprofits that received grants include: Arizona Children’s Association, Arizona Friends of Foster Children Foundation, Beyond Foundation, Community Gardens of Tucson, Interfaith Community Services, Make Way for Books, and Primavera Foundation. Boards & Commissions 2. Southern Arizona Construction Career Days has recently added Yvette Pederson and Jessica Rodriguez to its Board of Directors. Company News 3. Bowman Consulting Group Ltd announced it has entered into a definitive purchase agreement for the acquisition of Perry Engineering LLC. Founded in 2012 and headquartered in…

Sales Transactions 1. KB Investment Development has paid $193.5M for JLB Partners’ 356-unit Roadrunner on McDowell apartment complex. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented both parties. The sale set an Arizona record for per-unit price, according to Gebing, fetching more than $543K/unit. 2. Institutional Property Advisors, a division of Marcus & Millichap, has announced the sale of the 312-unit Arboretum at South Mountain apartment development in Phoenix for $118.25M. Cliff David and Steve Gebing represented seller Khosro Khaloghli and lined up the buyer, Sares Regis Multifamily Value-Add Fund IV. 3.…

By Roland Murphy for AZBEX Last month we gave you a snapshot of the aggressive pace of overall growth and development in once-sleepy Avondale (AZBEX, Jan. 14). This week provided our Research team with an interesting anomaly: Three multifamily cases totaling 1,092 units were scheduled to come before the Avondale Planning Commission in one meeting. You may be asking: “What’s the big deal about that? Lots of cities have multiple multifamily submissions in a given session.” Three cases. Totaling 1,092 units. In a city that currently has 12 other multifamily projects totaling 2,542 units in the Design or Design/Plan Review…

By BEX Staff for AZBEX Rezoning requests for three projects were recently scheduled to be heard by the Goodyear Planning and Zoning Commission at its February 16th meeting. The first, Virtua Citrus Commerce Park, is a request from Virtua Partners to rezone 7.5 acres fronting I-10 and Citrus Road to develop a master-planned business park with flex industrial, commercial and office components. The second request was for The Cleveland, a 100-unit multifamily development from Porter Kyle Multifamily Developers & Builders. The project would offer two-story townhomes with 28 one-bedroom, 40 two-bedroom and 32 three-bedroom configurations. Each unit would have a…