Author: BEX Staff

Design-build firm Clayco Inc. has announced it is relocating its residential business headquarters to Phoenix. Clayco has a variety of projects in development around the Valley, including Skye on 6th, a 25-story tower at Sixth and Garfield streets, which it took over building for Hubbard Street Group when contractor Katerra Inc. filed for bankruptcy. News reports also state Clayco is taking over construction of the 19-story X Phoenix tower at Second Avenue and Van Buren. Clayco opened an office in Phoenix at 24th Street and Camelback Road in May, which will serve as the new HQ. The company has expanded…

Chandler voters will see five questions as part of a bond request when ballots start arriving in their mailboxes this week. The City has broken its $272.7M bond measure – its first in 14 years – into five separate components: Public works, streets and transit: $85.8M; Parks and recreation and community services: $73M; Police: $55.2M; Facilities: $33.6M, and Fire: $25.2M. Major projects to be funded include: A.J. Chandler Park Improvements: $10.8M; Mesquite Groves Regional Park Phase 2: $19.6M; Two fire station projects: $15.7M; Police Forensic Services Facility: $38.7M; Kyrene Road Improvements: $5.2M, and Ray and Dobson Roads Intersection Improvements: $17.3M.…

Groundbreakings 1. Ryan Companies and Cadence Living recently broke ground on the 147-unit Acoya Scottsdale at Shea senior/assisted living development. Also known as Acoya Shea, the project is expected to be completed in Q4 2023. Progress Reports 2. Crews working on the Arizona Department of Transportation’s project to reconstruct the I-17 bridge over Central Avenue south of downtown Phoenix have opened the freeway to three lanes in both directions, lifting lane restrictions that have been in place since last year. The $13.5M project is scheduled for completion this fall. 3. W.E. O’Neil Construction is pouring concrete slab later this month…

By Rebekah Morris for AZBEX Materials shortages and delays in permitting may be finally having an impact on the total market as two of the last three months are showing Year-over-Year declines in construction activity statewide. According to the University of Arizona Eller College of Business website, azeconomy.org, taxable sales for construction reached $1.623B in June of 2021, a 0.87% decline YoY, and $1.416B in July 2021, a 9.5% YoY decline. This results in three of the seven months for which data is available in 2021 showing a decline in YoY volume. Construction activity had been on a solid growth…

By Rebekah Morris for AZBEX The Kingman Regional Medical Center is looking for a team to jointly design and build a 32-unit multifamily development in Mohave County to house traveling nurses and doctors. While details are scant, Ken Horner with KRMC was looking to have participation from the market and understand crucial items like cost and schedule for the project prior to taking the concept to the Board for approval. He indicated the desired mix would be 12 two-bedroom units and 20 one-bedroom units. The need for housing healthcare workers is not unique to KRMC. Currently they are renting houses…

By George Oliver Developer George Oliver has unveiled its redevelopment plans for the landmark Hayden Station mixed-use property in downtown Tempe. Renamed as Arbor, the $41M experiential office project will include a $18M renovation that will transform the five-building campus into a one-of-a-kind office and retail destination, located in one of the nation’s most sought-after office markets. Under a design theme of “Urban Organic,” Arbor will balance a natural material palette and indoor-outdoor environments with an experience-driven amenity package that pays homage to its premier urban location. The approach will place a heavy emphasis on vegetation, add patios and convert courtyards into semi-private…

The Danelle Plaza strip mall at Southern and Mill avenues in Tempe will be the subject of a redevelopment effort, but no one can say yet what it will entail or when it may begin. Danelle Plaza is home to legendary local music venue Yucca Tap Room and recurring art event Tempe Art A Gogh-Gogh. Several owners are stakeholders on the property, including the City of Tempe with 3.14 acres. Tempe issued an RFQ in March for developers to purchase its location and create a mixed-use development. Two firms submitted in April, but the city canceled the RFQ in June,…

Utah-based Chromatic Resorts wants to create a resort-based development with extensive waterways on 741 acres in Cottonwood. In his presentation to the Cottonwood Planning and Zoning Commission and City Council, Chromatic Resorts’ Bruce Barrett explained the site is an Arizona State Trust Land parcel near Camino Real off SR 260. He explained the intent is to work with the Arizona State Land Department to divide the land and auction portions to eventually build a resort village with water recreation areas, residences and a range of amenities. The vision for the $2B, 10-to-20-year plan features a total of approximately 3,700 residential…

Recent data from the U.S. Chamber of Commerce Commercial Construction Index marked records. Unfortunately, they were records pointing in the wrong direction. Ninety-three percent of responding general contractors reported facing at least one material shortage in Q3. An all-time high of 98% reported cost fluctuations for materials were impacting their operations. Lowered materials availability was contractors’ top concern at 62%, followed by worker health and safety (38%) and labor shortages (37%). While industry experts predict materials shortages will continue through the rest of 2021, there is no clear vision as to how far beyond year-end the problem will persist, or…

By JLL A strong resurgence in enterprise-level demand was felt across the top major data center REITs in the first half of 2021. Financial, technology, and healthcare companies drove much of this demand. Spend on public cloud services is projected to grow by 8.4% in 2021 reaching $4.1T, according to Gartner. Data center providers and occupiers continue to make inroads with their sustainability goals. With health, wellness, and sustainability at the forefront of corporate agendas, the data center industry is feeling the heat to use more efficient systems, renewable energy, and carbon-cutting practices. Last year was a record-breaking year for…