Author: BEX Staff

By Tasha Anderson for AZBEX Scottsdale-based multifamily housing developer, Greenlight Communities is planning another “Cabana” brand multifamily development – this time in Mesa – called Cabana on Power Road. The City of Mesa recently approved a rezoning request at the site located south of the SEC of Williams Field Road and Power Road at its September 23rd City Council meeting. The request would rezone a portion of the undeveloped property from RM-4-BIZ and LC-BIZ-CUP to RM-4-PAD which according to the staff report submitted to the city, would “allow modifications to certain development standards to accommodate development of a multiple-residence use.”…

Source: Lincoln Property Company Lincoln Property Company has closed on 71.5 acres in Glendale for $11.7M, initiating development of Park303. The new $115M speculative Class A industrial project will have the flexibility to include two buildings totaling 705.5KSF and 488.9KSF, or combine into one single building totaling almost 1.26MSF. Park303 is located between Bethany Home Road and Glendale Avenue, with one-quarter mile of freeway exposure along the new Loop 303 and featuring 40’ clear height and more than 540 parking spaces. “The Park303 development is the newest in a string of projects to emerge along Glendale’s recently annexed 303 corridor,”…

By Jessica Boehm for The Arizona Republic More than a year after Sen. John McCain’s death, the Phoenix community is still united to bring his final vision to fruition. McCain spent the last year of his life lobbying for the expansive redevelopment of the 58-mile Salt riverbed that cuts across the Valley from Mesa to Buckeye. For the second year, the Phoenix-metro chapter of the American Institute of Architects is hosting an “ideas competition,” encouraging architects, urban planners, students, developers and community leaders to pitch ideas on how to transform the riverbed into an environmental and economic hotbed for the…

By Chelsea Hofmann for Cronkite News Doorknobs overflow rows of boxes, piles of miscellaneous wood and squares of carpet lay neatly on the floor. Light fixtures hang from various shelves – all of it discarded construction and demolition waste. A 2015 Environmental Protection Agency fact sheet on construction and demolition waste found more than 545 million tons of debris ended up in landfills every year, even though 75 percent of those materials had the potential for reuse. Companies like the nonprofit Stardust Building Supplies are working to stop waste from ending up in landfills by providing deconstruction services and selling…

Awards & Accolades 1. Henderson Engineers Senior Plumbing Designer John Gregory was recognized as the PM Engineer Magazine Plumbing Engineer of the Year. Company News 2. Phoenix investment group True North Cos., developer for the former Chinese Cultural Center, Phoenix, has changed its name to Outlier LLC. 3. Green building materials manufacturer and developer Rechsand announced it will locate a manufacturing facility in Yuma. The new, state-of-the-art plant will house the production, development and distribution of next-generation engineered sand products, and create jobs for more than 110 people in this innovative industry. 4. Goodmans Interior Structures, a Phoenix-based office furniture…

Sales Transactions 1. Multifamily real estate investment, development and management company Cortland has officially closed on the Pure Multi-Family REIT acquisition for $1.2B in cash and has become the largest apartment owner in the Dallas-Fort Worth Metroplex and significantly expands its presence in Phoenix. 2. Coastal Ridge Real Estate, iA Financial Group from The Dinerstein Companies and Harrison Street Real Estate purchased Sterling 920 Terrace, a 775-bed student housing community located near Arizona State University in Tempe, for an undisclosed price. TSB Capital Advisors represented the seller. 3. Town West Realty purchased the Oro Valley Marketplace, a 518KSF shopping center…

By Sammy Williams for AZBEX The Town of Gilbert council met September 19th to approve a zoning change for the proposed ACES of Gilbert special education campus on the SEC of Bluejay Drive and Galveston Street (near the NWC of Williams Field and Power Roads). The meeting followed the unanimous recommendation of the town’s planning commission to rezone the 4.8-acre site from Business Park to Neighborhood Office. ACES (Austin Centers for Exceptional Students) is the largest private provider of special education services in Arizona and operates schools in Peoria, West Phoenix and Tempe. This will be the second ACES campus in Gilbert,…

By Tasha Anderson for AZBEX Developer, Quyp Development Services requested site plan approval for Heritage on Dysart, a multifamily residential development to be developed on 9.55 acres south of Elm Street and east of Dysart Road in Surprise. The City of Surprise heard and approved the request at its September 19th Planning and Zoning Commission meeting. The project is planned as a 120-unit townhome development consisting of two-story townhomes ranging from 1.5KSF-1.8KSF. Models are 3-bedroom/2.5-bathroom units with either side or patio entry and private patios. Some 2-bedroom options will also be available. The design is a mix of Mid-Century modern…

By Suzanne Adams-Ockrassa for Casa Grande Dispatch Lucid Motors has submitted its site plan to the Casa Grande Planning and Development office for review, according to Casa Grande Economic Development Director Richard Wilkie. Wilkie said he expects the company to break ground before the end of the year, although some grading work has been done at the site. He also still has some hope for the PhoenixMart and Dreamport Villages projects. PhoenixMart was planned as a 1.5MSF wholesale center that was slated to hold more than 1,800 showrooms where businesses could showcase and sell their products. Dreamport was proposed as…

Source: Federal Aviation Administration U.S. Transportation Secretary Elaine L. Chao announced that the Federal Aviation Administration (FAA) will award $986M in airport infrastructure grants, the fifth allotment of the total $3.18B in Airport Improvement Program (AIP) funding for airports across the United States. “This significant investment in airport improvements in Arizona will fund construction and rehabilitation projects that will help maintain high levels of safety in U.S. aviation,” said Chao. The Arizona grants include the following awards: Two grants totaling $21,917,300 to Phoenix Sky Harbor International Airport–$21,375,000 for apron reconstruction. An apron is an area where aircraft park, load and…