Author: BEX Staff

The City of Tempe is soliciting a partner to demolish the existing Tempe Performing Arts Center building at 124 E. Sixth Street and replace it with a new high-rise mixed-use tower. Tempe issued a Request for Qualifications in July to redevelop the 0.62-acre City-owned site. The desired product is a mixed-use building with residential units, up to 50KSF of office space and some amount of ground floor commercial area. (See page XX) The City has said it will support heights of more than 250 feet and would like to see 20% of the residential units targeted toward tenants with incomes…

By Brooks Rehabilitation Brooks Rehabilitation, a leader in treating patients after life-altering brain injuries, spinal cord injuries, strokes and other complex conditions, will open an inpatient rehabilitation hospital on Mayo Clinic’s Phoenix campus. The new hospital will join Brooks’ network of three existing inpatient rehabilitation hospitals in Florida. The expansion into Arizona sets the stage for new growth, innovation and exceptional clinical outcomes and further demonstrates Brooks’ vision to redefine post-acute rehabilitation. The rehabilitation hospital will reside on eight acres adjacent to Mayo Clinic’s Phoenix hospital, near the Arizona State University Health Futures Center. The estimated $70M project will begin…

Yardi Matrix reports the metro Phoenix multifamily market saw a modest gain of approximately 0.6% in July. Austin and Raleigh saw similar increases after all three cities saw rents decline throughout 2023 and much of 2024. In total, 24 of Yardi Matrix’s top 30 cities tracked saw rents increase in July. All those cities had previously seen rent growth turn negative due to large volumes of new deliveries and a decrease in occupancy. Yardi Matrix warned, however, that continued new units coming online in the next 15-18 months could keep rent growth uncertain. Nationwide, only two metro areas reported year-over-year…

Groundbreakings 1. The Arizona Department of Transportation began the $200M Loop 202 Santan Freeway widening project between Loop 101 and Val Vista Dr. in Chandler and Gilbert. The project is scheduled under the Regional Transportation Plan managed by the Maricopa Association of Governments. 2. Fueled by the brisk leasing activity at its 251-unit FirstStreet Ballpark Village multifamily community in Goodyear, which is expected to deliver this October, Harvard Investments recently broke ground on the 222-unit FirstStreet Skyline community in Buckeye. FirstStreet Skyline is expected to start pre-leasing before the end of 2025. Progress Reports 3. McCarthy Building Companies placed the…

A 209-room hotel could be the next hospitality and lodging project to go up in Glendale’s Westgate entertainment district. NCG Hospitality is planning the seven-story Moxy Hotel by Marriott at the NWC of Maryland and 95th avenues where it already has three hotels in operation. Along with its 209 guest rooms, the 95.6KSF hotel will include a resort-style pool, bars and an outdoor patio. Plans also call for rooftop bars or restaurants, a rarity in the Westgate area. Project representatives say site work could begin early next year, with vertical construction starting next summer. Opening would be targeted for the…

By Arizona Office of Economic Opportunity Governor Katie Hobbs and the Arizona Office of Economic Opportunity announced the launch of ReadyTechGo, a collection of Arizona colleges focused on training students for in-demand careers in advanced manufacturing. The network is part of the State of Arizona’s strategy to attract more Arizonans to the advanced manufacturing industry and fill thousands of tech jobs at large-scale employers. ReadyTechGo’s four colleges offer an Automated Industrial Technology program that provides students with essential skills for jobs in advanced manufacturing, a growing industry characterized by technology and robotics. The curriculum is front-loaded so that students can…

By Roland Murphy for AZBEX – BEXclusive A new 75-unit apartment development could be on the way in the Biltmore area of Phoenix. 4401 Turney Villas LLC, which traces to the Cranmer Family Decedent’s Trust, has a hearing scheduled this week before the Camelback East Village Planning Committee to consider a request to rezone the 1.82-acre site at the NEC of Turney Avenue and 21st Street from R-3 multifamily to R-5 multifamily. The planned unit mix for the Turney Villas Apartments calls for 10 studios, 23 one-bedrooms and 42 seven two-bedroom apartments. The maximum building height would be four stories…

Having withdrawn a plan to build a 1,000-acre, $14B data center campus in western Maricopa County in the Buckeye planning area in April, Tract is now planning a new 1,700-acre complex in Buckeye south of Interstate 10. If built as described, the new multiphase, master-planned Tract development will be the largest data center project in the Phoenix area. Buckeye City Council will vote this week on a major amendment to an existing master plan for an area known as Cipriani that will, if approved, create the Buckeye Tech Corridor. The amendment will permit data center development and other industrial uses…

By Associated Builders and Contractors The construction industry added 25,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 239,000 jobs, an increase of 3.0%. Nonresidential construction employment increased by 16,200 positions on net, with growth in all three subcategories. Nonresidential specialty trade contractors added the most jobs, increasing by 11,300 positions. Heavy and civil engineering and nonresidential building added 2,900 and 2,000 jobs, respectively. The construction unemployment rate rose to 3.9% in July. Unemployment across all…

Giving Back 1. Willmeng Construction, Inc. recently held the 4th Annual Builders Cup, hosting 150 clients. The winning team consisted of Bruce Scott, Brad Hoeder, Beer Kalub and Spencer Nast. The charity golf event raised more than $200K in support of Treasure House, a Kurt Warner First Things First Foundation that serves as a home for adults with developmental disabilities. Awards & Accolades 2. Arizona Masonry Council honored Martin Martinez with the 2024 Clem Hellmann Leadership Award at its annual meeting. The award recognizes an individual who has made significant contributions to the masonry community through leadership and involvement in…