Author: BEX Staff

By Mark Cowling for Florence Reminder Blade-Tribune After developing in a mostly haphazard fashion for almost 30 years, there’s now a proposal for master planning Heritage Park for a more rewarding experience. The three baseball fields will remain, but visitors will also be attracted to a new 1.4-acre lake. Big lawns on both the east and west sides of the park may accommodate a variety of recreation and relaxation in the park at the end of North Main Street. A diagonal path will bisect the park, making different sections more accessible and creating space for food trucks, farmer markets and…

By Tasha Anderson for AZBEX DBM Ventures is planning a new multifamily development on a vacant site at the SEC of Nevada Street and Commonwealth Avenue in Chandler. The Chandler City Council discussed a request for preliminary development plan approval for the project and an Area Plan Amendment from Business Park/Light Industrial to High Density Residential at its September 9th study session and at its September 12th regular meeting. The project, currently known as Nevada Street & Commonwealth Avenue Apartments, is proposed as a four-story, 231.3KSF multifamily residential development on 5.58 acres. The development will consist of three buildings a…

By Rebekah Morris for AZBEX A rezoning case has been submitted to the City of Scottsdale that would pave the way for a mixed-use development located at 1000 N. Scottsdale Road, the NWC of Continental Drive and Scottsdale Road. The property is south of Papago Plaza and McFate Brewing Company, across the street and slightly south of SkySong. The proposed development would replace the existing Mark Kia dealership with 282 units of apartments and 13.5KSF of retail. Project Description Of the 282 apartment units, 184 are planned to be one-bedroom while 92 are planned as two-bedroom, and six studio apartments…

By Rebekah Morris for AZBEX Mainstreet Scottsdale LLLP has submitted plans to the City of Scottsdale for rezoning and site plan approval to build 121 luxury apartments and nine townhome units on a 2.60-acre parcel directly east of Hotel Valley Ho in a project only known as Mainstreet Residences. Project Description The Scottsdale Residence project is a 121-unit, four-story building with three stories of units over a ground floor that consists of 18 units with direct pedestrian access to the sidewalk, lobby, second floor amenity spaces and covered parking. Additional underground parking is provided. The design elements strive to create…

Awards & Accolades 1. Sundt Construction, Inc. ranks No. 52 on the National Center for Employee Ownership’s Top 100 largest majority-employee-owned companies list. In 1972, Sundt established an Employee Stock Ownership Plan (ESOP), and today the company is 100 percent employee owned. 2. Corbins Electric has been selected as the 2019 Specialty Contractor of the Year by Engineering New Record (ENR) Southwest. ENR Southwest has also released their list of Top Specialty Contractors by Sector for 2019. In Arizona, the top 10 are: Suntec Concrete Wilson Electric Services Corp Hardrock Concrete Placement Co. Rosendin Electric TDIndustries JB Henderson Construction Co.…

Sales Transactions 1. CBRE has arranged the sale of the 340-unit Class A multifamily community Summerly at Zanjero, 7375 N. Zanjero Blvd, Glendale, on behalf of Fore Property to a private investor for $78.5M. 2. JLL Senior Vice Presidents Tivon Moffitt and Peter Bauman, and Executive Vice President Steve Larsen, represented MRM Tempe LLC, in the $16.2M sale of a 128KSF fully-leased infill industrial building at 8210 S. Hardy Drive, Tempe. The buyer was an out-of-state partnership involved in a 1031 exchange. 3. Mygrant Glass purchased a 130.3KSF warehouse and manufacturing building at 550 W. Southern Avenue, Tempe, for $13.15M.…

By Rebekah Morris for AZ Builder’s Exchange A major General Plan Amendment (GPA) and rezoning cases are concurrently being reviewed by the City of Scottsdale that would bring a large new multifamily development to the southwest corner of Hayden and Camelback Roads in Scottsdale. The development team consists of ColRich, a residential developer based in San Diego, Architect DAVIS, land planner Drake & Associates, with Berry Ridell handling the rezoning and AndersonBaron serving as the Landscape Architect. The project site focuses on the adjacent Indian Bend Wash Greenbelt and builds on on the close proximity to Old Town Scottsdale (600’…

By Rebekah Morris for AZ Builder’s Exchange At the southeast corner of SanTan Village Parkway and Coronado Drive, Vedura Residential proposes to construct 214 luxury apartments to add to the 586-acre mixed-use project. Reflecting an increased density consistent with the large population growth in that part of the Valley, the Town of Gilbert Planning Commission/Design Review Board indicates the proposed project is a good fit by recommending the rezoning and PAD amendment for approval to the Town Council. The Town approved the recommendation at the September 5th, 2019 meeting. Positioned on an oddly shaped 7.61-acre parcel on the North side…

By Gary Nelson for East Valley Tribune One of the last big empty pieces of land near Chandler Fashion Center may not be empty much longer. A family-owned company called VanTrust Real Estate LLC is asking the city for permission to build a large mixed-use complex on the southeast corner of Chandler Boulevard and Price Road, just east of the shopping center. The project is called Chandler 101. The City Council will consider the rezoning request on September 12th. Since the shopping center opened in 2001, adjacent tracts have filled in with offices, apartments, hotels and retail. But the 20-acre,…

Groundbreakings 1. Creighton University will hold a groundbreaking ceremony at their new $100M building within the redevelopment at Park Central, located at 3100 N. Central Avenue., on September 25th. Construction of the building started in July 2019. 2. Marwest Enterprises has commenced construction on the first phase of Landing 202. The first phase totals 605KSF of Class A, industrial space located in Mesa’s Gateway Area, just south of Loop 202 and west of Hawes Road with 565 parking spaces. CBRE is leasing the project on behalf of the developer. This phase is expected to be completed in Q2 2020. 3.…