Author: BEX Staff

By Sammy Williams for BEX One Scottsdale, a mixed-use development situated at the intersection of Loop 101 and Scottsdale Road, continues to grow with the approval request for 22 acres of office, commercial, parking structure and hotel projects. In the Development Review Board (DRB) application, One Scottsdale developer DMB Associates unveiled hotel building elevations featuring a four-story, 123-room Hilton Home2 Suites hotel. According to plans submitted to the City of Scottsdale, two parking garages with a combined 2,100-car capacity will surround the hotel, in addition to two office buildings. One office building will be three stories and 180KSF; the other…

By Tasha Anderson for BEX The Gilbert Town Council voted Thursday, August 15th on a new multifamily development near the Gilbert Municipal Complex and the Town Square commercial development. Council approved a land use classification change and rezoning on approximately 10.32 acres comprised of five parcels at the SEC of Gilbert and Knox Roads. The applicant and land planner for the project, Iplan Consulting, requested a land use classification change from General Office and Neighborhood Office, to Residential > 14-25 DU/Acre, as well as a rezoning request from General Office to Multifamily/Medium. Developer, Watermark Residential is planning to build a…

Source: Curio Collection by Hilton Opwest Partners and Hilton announced a signed agreement that will bring Curio Collection by Hilton to Old Town Scottsdale’s Entertainment District. Adding to the brand’s growing portfolio, the property, developed by Opwest Partners, will increase Curio Collection’s presence in the western United States and around the world. “Curio Collection continues expanding to growing markets like Scottsdale to accommodate the growing trend of unique and one-of-a-kind travel,” said Arizona-based Corey Mitchell, Senior Director of Development Southeast Region at Hilton. “Opwest has designed this property with the guest’s experience at the forefront to provide a unique stay…

Giving Back 1. Stantec, working with Engineers Without Borders USA (EWB-USA) and Community Engineering Corps (CE Corps), has developed a plan with Holbrook leaders to turn a donated piece of property into a 10-acre park. The all-volunteer Stantec design team has created a conceptual park plan and is now moving forward with the design development phase of the project. Once completed, the park will be a center of pride in the community. Awards & Accolades 2. Best Lawyers in America® 2020 recognized four attorneys from ​Withey Morris PLC​, a prominent Arizona land use law firm for more than 20 years.…

1. Two Marriott-branded hotels in Scottsdale have sold for a combined of $161M to Starwood Capital Group. Host Hotels & Resorts Inc. sold the 243-room Scottsdale Marriott Suites Old Town, 7325 E. Third Avenue, for $81M and sold the 266-room Scottsdale Marriott at McDowell Mountains, 16770 N. Perimeter Drive, for $80M. 2. Innovatus Capital Partners LLC recently purchased Waypoint suburban Class A office campus for $107.6M, from Harvard Investments and Lincoln Property Company. Totaling four buildings at the borders of Mesa, Tempe and Scottsdale, Arizona, the project is the highest-priced office sale of the year in metro Phoenix. The seller…

By Tasha Anderson for AZBEX The Town of Gilbert’s Planning Commission staff received plans for a new multifamily development within Gilbert’s Cooley Station area. Developer, Continental 472 Fund LLC is requesting to rezone approximately 15.27 acres east of the NEC of Recker Road and Williams Field Road from Gateway Village Center with a Planned Area Development overlay to Multifamily/Medium with a Planned Area Development overlay. They are also requesting an existing land use classification change from Village Center to Residential > 14-25 DU/Acre. The project, called Springs at Cooley Station, is proposed as a 276-unit “for-rent apartment community” consisting of…

Source: Trammell Crow Company Trammell Crow Company (TCC) Phoenix has unveiled plans for its newest development, Axis Raintree. The project will include a 175KSF, three-story, Class A speculative office building with a structured garage. Construction is scheduled to begin in October 2019 and will be completed in 4Q 2020. TCC acquired the 8.24-acre site, located at the SWC of East Raintree Drive and North 87th Street in Scottsdale, in April 2019. “The Axis Raintree team has enjoyed working with the City of Scottsdale to design and deliver a best-in-class project that meets the needs of today’s office occupiers,” said Cullen…

Source: Rio Nuevo At an August 13th special meeting, the Rio Nuevo Board of Directors unanimously approved a $65M improvement plan for the Tucson Convention Center and surrounding campus, including the Tucson Music Hall, Leo Rich Theater and the Eckbo Plaza and Fountain. Rio Nuevo officials will now solicit bids and select a contractor for the project. The board also voted to proceed with a $126M financing plan that will earmark about $70M for the renovations and any contingency costs that could emerge, and refinance nearly $48M in debt for the Rio Nuevo district. The funds will also establish an…

By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate remained constant at 4.9 percent in July, from June 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate remained at 3.7 percent from June. In July 2018, the state had a seasonally adjusted rate of 4.7 percent, and the national was at 3.9 percent. The state had a net loss of 11,400 non-farm jobs over the month, which is less than the historical 10-year (2009-2018) average loss of 21,000 jobs. Manufacturing had the largest increase of jobs with 1,700, followed by Trade,…

Awards & Accolades 1. The Kiwanis Park Splash Playground in Tempe was selected as one of the American Public Works Association’s Public Works Projects of the Year for 2019 in the category of Structures Less Than $5M. Dig Studio served as primary landscape architect on the project. Groundbreakings 2. Pan-American Charter Schools groundbreaking was last Friday, August 2nd at 8305 W. Thomas Road, Phoenix. Waltz Construction partnered with Highmark School Development, Orcutt I Winslow and Willis Property Company. This project will consist of two buildings, a K-8 two-story building and a one-story high school building. There will be associated site…