Author: BEX Staff

By Roland Murphy for AZBEX Developers Gehan Homes, Alliance Residential Company and Nico Howard have come together to propose a 40-acre mixed-use residential and commercial development at Indian School and Dysart roads in Avondale. Known collectively as Ascend, the plan features “a horizontally-integrated residential village core… connected to two commercial areas and located south and east of the southeast corner of Dysart Road and Indian School Road,” according to the project narrative. Prose at Ascend will feature 432 multifamily units on 19.41 net acres. Villas at Ascend will have 125 single-family homes on 12.5 net acres, and the commercial Shops…

US Capital Development has taken the next step in developing its planned 2.7MSF Paloma Vista Logistics Center in Buckeye with the nearly $25M purchase of 162 acres at the NWC of Perryville and McDowell roads. Seller Cowley Companies was represented by Insight Land & Investments. US Capital Development has received approval from the City of Buckeye for infrastructure development around the site, which had previously been planned for residential uses. The company and the City entered into an infrastructure reimbursement agreement in October. The firm plans to construct a 1.5MSF building in the first phase and a 1.2MSF building in…

The Maricopa City Council has approved a minor general plan land use amendment for Copa Flats, a 312-unit multifamily/mixed-use development on 27 acres at the SEC of Porter and Applegate roads. The proposal now moves to the Maricopa Planning & Zoning Commission for review of the site plan, elevations and other elements. Copa Flats is planned for 48 one-bedroom, 108 two-bedroom and 156 three-bedroom units. The 13 buildings on the site are planned for heights of approximately 35 feet and will house 24 units each. There is another 14-acre component to the parcel that will be retained for a separate…

Pending the necessary approvals, Eisenberg Company will develop a four-building, 840KSF speculative industrial project on 60 acres at the SWC of Sarival Avenue and MC85 in Goodyear. Eisenberg purchased the site last month for $8.6M, according to media reports. The buildings will range in size from 160KSF-330KSF. Targeted users are companies needing 50KSF-300KSF, according to company officials. Construction costs are estimated at more than $81M. Construction is expected to begin in Q3 of next year, with completion targeted for Q4 2023. Hunter Engineering is the project engineer, and design is by Ware Malcomb. (Source)

Having officially announced its launch, TerraLane Communities now intends to build more than 1,100 single-family rental units in the greater Phoenix area in the next two years. Company CEO Steve La Terra recently said the company also plans to expand into as many as seven additional states. TerraLane Communities will put a heavy emphasis on cutting-edge technology as a market differentiator, including installing fiberoptic cabling in every unit to enable future technology integrations as they arise. Previously called RSI/NP Communities, Inc., Terra changed the name and placed the company headquarters in Scottsdale as his vision became more concrete, according to…

Plans are in the incubation stage in Phoenix to convert vacant retail space into apartments to partially address the city’s housing needs. Retail space per capita in Phoenix averages 40.5SF. The U.S. average is 28SF. A 2020 analysis determined the city’s housing inventory is more than 163,000 short of its current demand. City staff told City Council in a meeting last month they would like to create a vacant storefront program that addressed redevelopment difficulties and incentivize reuse. Potential program elements to promote general redevelopment include: Increased building heights and densities, Allowing specialty businesses to locate in commercial areas without…

By Roland Murphy for AZBEX New bond requests around the state delivered a mixed bag of results for public entities seeking new funding sources. Gilbert Transportation Bond: $515M The Town of Gilbert sought an ambitious $515M bond to fund transportation projects over the next several years. Gilbert’s last transportation bond request was in 2007. Key items to be funded include: A bridge from Greenfield to Higley roads: $67.2M; Reconstruction of Guadalupe Road from Arizona Avenue to McQueen Road: $9.9M; McQueen and Guadalupe roads Intersection Improvements: $12.4M; Extension of Vaughn Avenue: $23.1M, and Val Vista Lakes Subdivision Maintenance: $47.5. Votes were…

By Associated Builders and Contractors National nonresidential construction spending contracted 0.6% in September, according to an Associated Builders and Contractors analysis of data by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $791.2B for the month. Spending was down in 11 of the 16 nonresidential subcategories, with spending in amusement and recreation unchanged for the month. Both private and public nonresidential spending declined 0.6% in September. “It is not surprising that nonresidential construction spending declined in September,” said ABC Chief Economist Anirban Basu. “Nonresidential construction spending has generally been trending lower for several months and…

Groundbreakings 1. FCL Builders Phoenix office recently broke ground on a new FedEx Ground distribution facility in Prescott. The 217.3KSF facility will handle packages for Fed Ex Ground operations in central Arizona and replace an older facility in Prescott. The project is located in the Prescott Regional Airport Industrial area. 2. The Arizona Humane Society, along with construction partner Ryan Companies US, Inc. and architectural partner Animal Arts, held a groundbreaking ceremony November 4th for the Arizona Humane Society’s Rob and Melani Walton Papago Park Campus. The 72KSF facility will feature the state-of-the-art Watts Family Medical Complex and a resource and adoption facility, anchored by the Lazin Animal Foundation Trauma Hospital. The campus…

By Roland Murphy for AZBEX A shuttered cement quarry and vacant land on the far east side of Tucson could transform into a master planned community with up to 1,187 single- and multifamily units under a new proposal. The Planning Center has submitted a request to the City of Tucson on behalf of property owner CalPortland Company to rezone roughly 246 acres from Suburban Ranch and Heavy Industrial to Medium Density Residential for the Pantano River Planned Community. The Pantano Wash runs nearly through the middle of the proposed site two miles east of Houghton Road south of the Valencia…