Author: BEX Staff

The Tempe City Council last month authorized negotiations to buy a 7.2-acre property at the SEC of Scottsdale and McKellips road for future redevelopment. Plans for the redevelopment of Food City Plaza call for a minimum of 50 affordable housing units, a modern grocery store and a police station and training facility. The center was built in 1977 and currently has approximately 80KSF of leasable space. The site is owned by Michael A Pollack Real Estate Investments. Tempe Economic Development Director Mike DiDomenico told Council at the June meeting the deal was placed on the agenda for approval before final…

By Roland Murphy for AZBEX A new 62-unit townhome development from Zen Investing LLC could soon be coming to the NEC of 81st Avenue and McDowell Road in Phoenix. In its July 1 meeting, Phoenix City Council approved a planned unit development rezoning request for the 4.02-acre site. The project is referred to as the Zen at McDowell Planned Unit Development in the rezoning request and City approval documents and as Zen at Desert Sky in a June pre-application submitted to Phoenix permitting. The plan includes a pool and a central amenity area. Potential amenities, according to the submitted narrative,…

Awards & Accolades 1. The Arizona Department of Transportation’s $70M Loop 303 Interchange project has received an award in the “Quality of Life/Community Development, Medium Project” category in a national competition among state departments of transportation. The competition was sponsored by AASHTO and was presented at the annual WASHTO meeting. Groundbreakings 2. Formation Interest, Crescent Real Estate, Willmeng Construction and the City of Goodyear held a groundbreaking ceremony for the Formation Park 10 industrial development. Phase I consists of two buildings totaling 427KSF and a large park for future tenants and the surrounding community. 3. Fain Signature Group broke ground…

By Roland Murphy for AZBEX – BEXclusive This week, the Surprise Planning and Zoning Commission will consider a rezoning request from RVi Planning + Landscape Architecture on behalf of two property owners to rezone a pair of 40-acre parcels from rural residential to allow for more dense housing development. Both sites were originally included in the planned area development for Surprise Foothills, a 1,040-acre master site roughly bounded by Pinnacle Peak Road/Deer Valley Parkway/Central Arizona Project Canal in the north, 243rd Avenue to the west and 235th Avenue to the east. Since the PAD was created, however, the City of…

By Rebekah Morris for AZBEX (Phone rings.) “Hello, this is Rebekah with AZBEX.” “Hey, yeah, I’m so-and-so with company such-and-such. I’m looking for you guys in ___ but I can’t find it. Where is this service for my state?” This sort of interaction has happened countless times over the 14-plus years BEX has been in business. It has always been a dream of mine to expand, and the time is finally right for this next phase of BEX. We’ve dubbed it The BEXpansion. How You Fit In We have been planning this for a long time and no matter how…

By Roland Murphy The next development in the Cavasson master-planned area in north Scottsdale could be a 136-unit luxury townhome community from Toll Brothers. The developer has requested approval from the Scottsdale Development Review Board for a proposal to build Toll at Cavasson on 11.27 acres in the Cavasson mixed-use area at Loop 101 and Hayden Road. The for-sale units would have a site density of 12.07 units/acre, far less than the 25 unit/acre functional limit that has been the standard under the City of Scottsdale General Plan 2035. According to the submitted narrative, “The Property is in the northern…

By Associated Builders and Contractors Construction input prices fell 0.3% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices declined 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are 0.7% higher. Prices increased in two of three energy subcategories last month. Natural gas prices were up 36.3%. The aggregate price of unprocessed energy materials was up 4.7%. Crude petroleum prices were down 0.2% for the month. “Construction materials…

Giving Back 1. In July, EHS Restoration will assist Aris Foundation in hosting a dinner for more than 250 homeless families in Tempe. Additionally, through the organization Packages From Home, EHS Restoration employees will also be packing care baskets/packages for those who are actively deployed in the U.S. military overseas. Awards & Accolades 2. The Greater Phoenix Chapter of IFMA announced the winners of the 2024 Phoenix Rising Excellence Awards. The winners are: Rising Star of the Year: Sri Nayani Gajji; Emerging Leader of the Year: Mridula Potdar; Helping Hand of the Year: Liz Remley; Committee Member of the Year:…

Sales Transactions 1. Arizona Land Consulting purchased two locations in Buckeye for nearly $20M. The first was for 72 acres of land that will be part of the master-planned community Copper Falls. Most of the land will be used for a 900-unit Build-to-Rent community, while the remaining 16 acres will be reserved for future commercial or retail uses. The second purchase was for 20 acres at Johnson and Baseline roads that will be the site of a future commercial or industrial development. 2. Alturas Capital Partners acquired Heritage Plaza Shopping Center, a 112.4KSF shopping center in Tucson, for $17.5M. JLL…

By BEX Staff for AZBEX The City of Casa Grande wants to rezone 14.94 acres in the Donovan M. Kramer Airport Industrial Park for CTE Properties LLC can build a custom/vocational truck manufacturing and sales facility. Casa Grande has purchase agreements in place with CTE for two parcels, one of which is zoned general industrial and one zoned garden and light industrial. The rezoning would rezone the general industrial site to match the other so they can be replatted as a single property for the project. Mayor Craig McFarland told a local news outlet the City wants to create revenue…