Author: BEX Staff

Geston Duffy Company is proposing a mixed-use community with 136 apartments and 20 office units near Wilson Avenue and Edison Road in Maricopa. Pre-submittal documents filed with the City for Sonoran Village show apartments with floorplans ranging from studios to three-bedroom units. The office spaces will range from 600SF-900SF and will be located on the ground floors of the three planned buildings. No hearing or other meeting dates have been set to discuss the proposal. (Source)

Giving Back 1. Dominium announced the recipients of the 2023 Opportunity’s Front Door Scholarship Program. Awards were issued to 284 students who received scholarships of $5K each totaling $1.4M for the 2023-2024 academic year. 2. SDB Contracting Services will host its 15th annual Golf Classic on Oct. 13 to benefit Disabled American Veterans of Arizona. More than $110K is expected from this year’s event, and more than $530K has been raised from past events to date. Company News 3. Milan, Italy-based design firm Libeskind Studio Design has opened its first U.S. office in a 1,500SF space at 829 First Ave.…

Sales Transactions 1. Dynamic City Capital has paid nearly $102M for the 177-room Canopy by Hilton Scottsdale Old Town hotel. The seller was Global Miller Properties. 2. King Ranch an 1,864-acre master-planned community in Goodyear, sold for $22M. Harvard Investments purchased the property from HE Capital KR LLC. 3. VCI Development sold Via Alamos Apartments, a 160-unit apartment complex in Green Valley, to SubTo Fund for $19.5M. Both the buyer and seller were represented by ABI Multifamily. 4. Cushman & Wakefield brokered the sale of the 107-room Fairfield Inn & Suites by Marriott hotel for $18M in Phoenix to Moonstar…

By Roland Murphy for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 3.8% in August, up from 3.6% for the month of July, according to the latest report published by the Arizona Office of Economic Opportunity. The national unemployment rate increased to 3.8% from 3.5%. In August 2022, Arizona had a seasonally adjusted rate of 4.0%, while the national rate was 3.7%. The Construction sector reported job gains of 3,900 around the state. Arizona had a gain of 49,700 jobs in nonfarm employment for the month. “Prior to the pandemic (2010-2019), NSA nonfarm employment gained 54,000 jobs on average in…

By BEX Staff for AZBEX The Queen Creek Planning and Zoning Commission has recommended rezonings for two properties for the development of Elanto at Queen Creek—a proposed 320-unit rental community. The larger, 128.9-acre “Elanto” parcel sits at the NEC of Meridian and Queen Creek roads, while the smaller, 20-acre “Downzone” site is south of the SWC of Ironwood and Germann Road. “… the applicant requests to rezone the Downzone Property from High Density Residential (HDR) to Planned Area Development (PAD) with underlying Medium Density Residential (MDR); and, the Elanto Property from R1-5 and C-2 to Planned Area Development (PAD) with…

By BEX Staff for AZBEX Amazon has filed presubmittal documents with the City of Mesa detailing plans for two new data centers, according to media reports. The first proposed site is on nearly 43 acres next to the Apple Data Center at Signal Butte and Elliot roads. The second is on 71.3 acres on Pecos Road near the Legacy Park sports and entertainment complex. The Pecos site was previously considered for a last-mile delivery hub known as Project Cork. The Elliot site had been planned as a 278KSF warehouse project known as Project Galway. Both have been listed as “On…

Citing the need for more housing and more density to promote commercial growth, the Goodyear City Council recently approved a requested rezoning for a 284-unit apartment community planned on 11 acres near the SWC of Estrella Parkway and Van Buren Street. The Planning and Zoning Commission had recommended denial of the request, and several residents spoke out against its potential traffic and noise impacts, density and the perception it could diminish property values. Plans for The Statler at Estrella Parkway call for one four-story and two three-story buildings. The planned unit mix is comprised of 156 one-bedroom, 118 two-bedroom and…

Awards & Accolades 1. The Arizona Department of Transportation’s 4.5-mile State Route 24 extension in the southeast Valley has received a regional Best Projects Award from Engineering News Record, which honored SR 24: Gateway to the Southeast Valley in the Highways/Bridges category among projects in Arizona, New Mexico and Nevada. The project was designed by Stanley Consultants and constructed by FNF Construction, in collaboration with the Maricopa Association of Governments, Maricopa County and the Town of Queen Creek. Groundbreakings 2. Construction began on Lanai, a 444-unit multifamily community in Buckeye. Holualoa Companies and Countrywalk Community Developers partnered on the development,…

Axon’s plans for a major expansion to its planned corporate campus in north Scottsdale have hit a snag after an email from an anonymous whistleblower cast doubts on the plan’s legality. Axon has a development agreement in place with the City of Scottsdale, and it looked as though the plan, which included more than 2,500 multifamily units, a hotel and retail space, would proceed in a fairly straightforward manner. A rezoning request was scheduled to go before the Airport Advisory Commission on Sept. 20 but was removed from the agenda following a warning from the City Attorney after receiving the…

By Freepoint Eco Systems LLC Freepoint Eco-Systems LLC announced the development of a commercial-scale advanced plastics recycling facility located in Eloy. The ISCC Plus Certified facility will recycle end-of-life waste plastic otherwise destined for landfills or incineration. It will span 40 acres of currently undeveloped land and have the capacity to recycle approximately 180,000 tons of waste plastic per year, making it one of the largest advanced recycling facilities in the world. “The development of our Arizona advanced recycling facility represents an expansion of our advanced recycling footprint in the United States. From construction to the launch of operations, the…