Author: BEX Staff

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…

Greenlight Communities and Holualoa Cos. plan to develop a 288-unit workforce-affordable complex at The Bridges mixed-use development near I-10 on Tucson’s south side. Apartments at Cabana Park at the Bridges will range between 468SF for studios and 828SF for two-bedroom models. Average monthly rents will be around $1,000. The development will be built around a “pod”-based design, each with its own amenities, but amenities will be open to all residents. Planned amenities include a pool, barbeque area, orchard seating area, lawn games and a hammock garden. Greenlight Communities purchased the vacant land for $3.4M. Construction costs are estimated at $50M.…

The Glendale City Council recently approved annexation and rezoning for the Hopewell Industrial and Sonoma Cotton master plan proposals near Northern Avenue and Loop 303. The two developments are part of multiple pending annexation requests in the area of Luke Air Force Base. Hopewell Industrial The Hopewell Industrial development will build a 1.6MSF, five-building industrial park on 104 acres at Reems Road and Northern Avenue. Nearby residents spoke in opposition to the project due to traffic concerns on Alsup Road and worries about noise from the development’s operation and during the construction process. Council member Joyce Clark expressed sympathy for…