Author: BEX Staff

Awards & Accolades 1. Engineering New Record posted a list of the ENR Southwest’s 2019 Best Projects. You can find the full list of awards here. Some of Arizona’s best projects for 2019 include: Signal Butte Water Treatment Plant – City of Mesa – Best Water/Environment MIHS Maryvale Alternative Project – City of Phoenix – Best Healthcare Canyon View High School – City of Waddell – Best K-12 Education Little America Hotel Multi-phase Remodel – City of Flagstaff – Best Interior/Tenant Improvement The Union Tempe – City of Tempe – Best Office/Retail/Mixed-Use Phoenician Resort Renovation – City of Scottsdale -…

By Tasha Anderson for AZBEX Houston, Texas-based multifamily developer, Kaplan Management Company is proposing a new multifamily development within the McCormick Ranch Center in Scottsdale. The site, located at 9375 East Shea Boulevard, is currently zoned as Commercial Office Planned Community District and Highway Commercial Planned Community District. Kaplan has submitted a request to the City of Scottsdale to rezone the +/- 13-acre site to Planned Unit Development Planned Community District, in order to allow for a mixed-use development to include new residential combined with existing retail and office. Kaplan is also requesting a Non-Major General Plan Amendment from an…

By Angela Gonzales for Phoenix Business Journal Foundation for Senior Living is planning two more senior housing projects in Phoenix, but experts say it’s still not enough to keep up with the growing demand for affordable senior housing. Plans call for building two communities in Phoenix that will total $25.3M in development costs, said Tom Egan, president and CEO of FSL, a Catholic charity under the Diocese of Phoenix. A 78-unit community called Acacia will be built at 615 W. Pierson St., while a 113-unit community called Roeser will be built at 446/454 E. Roeser Road, he said. Each project…

Source: Queen Creek Independent Developers are being sought to purchase six properties totaling 7.8 acres near Ellsworth Loop and Ocotillo roads that are owned by the Town of Queen Creek. The town is seeking requests for proposals by 3 p.m. Dec. 10 at the Municipal Services Building. The following are the key considerations that the town strongly recommends incorporating in the proposal: A phased approach or breakdown of purchase may be considered. The proposal and development should address the vision outlined in the recent Town Center Update Plan. The proposal and development should address the recently updated Downtown Core Design…

Source: Colliers International in Arizona The Greater Phoenix medical office space market performed well during third quarter, rebounding from a challenging performance during second quarter. Medical job growth hit 3.7 percent during the first three quarters of 2019, outpacing the 2.7 percent overall employment increase. Net absorption of medical office space reached nearly 100KSF during third quarter, outperforming the negative (152.8KSF) of net absorption posted in second quarter. Developers have completed 211.6KSF of new medical office space this year. More than $1B of bioscience related projects are currently under construction with more than $2B set to launch of the next…

Giving Back 1. On Friday, October 25th the BEX team volunteered their time on a horticulture project with the Phoenix Zoo’s volunteer program. 2. The American Cancer Society held their 2019 Phoenix Big Dig in the Desert event on Saturday, November 2 in Downtown Phoenix. The Big Dig gives local sponsors & kids, including those with cancer, the opportunity to operate heavy machinery & experience a day in the life of a construction worker. 3. On Saturday, November 9, 2019 Urban Land Institute will be hosting a volunteer event at the Guerrero Rotary Park in Mesa from 9am-1pm. The community…

Sales Transactions 1. Crescent Communities has sold Novel Rio, a 209-unit, Class A property at 701 West Rio Salado Pkwy, Tempe to a private investor for $66.3M. 2. Velocis purchased Kierland One, a 175.4KSF Class A office building in Scottsdale, for $52.44M. Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented the seller, Hines and joint venture equity partner PCCP, LLC. 3. Toll Brothers Inc. has scooped up 202 acres at the NEC of Spring Valley Pkwy and Hunt Hwy for $21.12M, with plans to build 618 entry-level homes. The seller was Arcus Private Capital Solutions. 4.…

By Tasha Anderson for AZBEX The City of Peoria is currently seeking a Master Developer with a “world class vision” to fund, design, construct and operate a massive mixed-use development on 17 acres in its P83 area at 83rd Avenue and Bell Road. A Request for Proposals was recently issued by the City of Peoria to find a highly experienced and reputable Master Developer (singe entity or joint venture), to construct approximately 1MSF or more of vertical mixed-use development called Stadium Point at P83. “The Stadium Point Project is a premier ‘shovel ready’ 17-acre City owned site, located in the…

Source: Arizona Department of Transportation A proposal to make improvements to two important corridors in the Tucson area is now available for public review and comment. The Draft Environmental Assessment and Initial Design Concept Report for Interstate 10 from I-19 to Kolb Road and State Route 210 from Golf Links Road to a future connection with I-10 along Alvernon Way are now available on the project website at azdot.gov/i10sr210study. The Initial Design Concept Report refines and evaluates two build alternatives and a no-build (“do nothing”) option. It recommends the following improvements: Designate Alvernon Way as SR 210 from Golf Links…

Source: Kingman Daily Miner Voters in the Kingman Unified School District will vote, Tuesday, November 5th, on a proposed $35M school bond. KUSD’s Governing Board has slated the special election for the bond that would help bring Palo Christi school back into a fully functioning building, update HVAC units, add a digital entry system, purchase 10 new buses and renovate La Senita school. From the bond, $17M would go toward the refurbishment of Palo Christi and $1M would be for refurbishment of La Senita. Another $14M would go to HVAC upgrades throughout the district, while $2M would be spent for…