Author: BEX Staff

Groundbreakings 1. VIVO Development Partners has broken ground on Tempo by Hilton and Homewood Suites by Hilton located at Gallery Park in Mesa. Tempo by Hilton features 97 “lifestyle” rooms, while Homewood Suites by Hilton offers 77 extended stay suites. Gallery Park is a 1MSF-plus mixed-use walkable village. 2. The City of Tempe and its development partners broke ground on La Victoria Commons. The development on the NEC of Apache Blvd. and Price Freeway consists of two affordable housing developments. The first is a 104-unit multi-story apartment community, while the second is a set of 19 for-sale townhomes. The project…

The Maricopa City Council is allowing City Manager Ben Bitter to pursue grant money for Redevco Solutions’ $1.4B SMARTRail park along Maricopa-Casa Grande Highway. The rail park is a part of Maricopa’s Industrial Triangle project. Large projects with vast economic impacts typically seek grants and need a government entity to serve as designees. City Manager Ben Bitter was granted executive authority to pursue the grants. The potential economic impact of the Industrial Triangle has been widely discussed since a call for bids was announced in July of this year. Upon release of the bids, City officials noted two companies interested…

By Roland Murphy for AZBEX – BEXclusive The Glendale Planning and Zoning Commission is scheduled to hear two unrelated, but similar, requests this week that, if ultimately approved and built, will add more than 1MSF of new industrial construction to the City’s inventory. Both properties are currently zoned for commercial uses under existing planned area development designations, have failed to develop under their current zoning, have sat vacant, and have owners requesting new PADs that they hope will spur development. Peoria & 303 The first request would change the zoning for a 72.16-gross-acre site at the SWC of Sarival and…

Once a notion so contentious it sparked a lawsuit and a series of hostile back-and-forth exchanges, the cities of Tempe and Phoenix have now come to an agreement that will allow the eventual development of apartments on land near Priest Drive and Rio Salado Parkway. The 46-acre site was once planned for a major mixed-use development and arena as home for the Arizona Coyotes. Tempe City Council approved the proposal, but Phoenix was strongly opposed, citing the potential for future negative impacts on Phoenix-Sky Harbor International Airport operations. Phoenix sued to stop the development. Following an organized public resistance campaign,…

By Arizona Department of Transportation The Arizona Department of Transportation announced an Executive Leadership Team to guide the continued study of potential passenger rail service between the Phoenix and Tucson metro areas. The group is composed of the Governor’s Office, ADOT and metropolitan planning organizations for Maricopa, Pima and Pinal counties: the Maricopa Association of Governments, Pima Association of Governments and Sun Corridor Metropolitan Planning Organization. One of Gov. Katie Hobbs’ first actions as Governor was securing $3.5M in one-time funding to support the development of a service plan for this transformative project. The funding will position Arizona to leverage…

By Roland Murphy for AZBEX On Nov. 30, the Maricopa County Republican Committee filed a lawsuit in Maricopa County Superior Court seeking to decertify passage of the Proposition 479 renewal of the Maricopa County half-cent transportation tax from the November election. The lawsuit names Arizona Secretary of State Aaron Fontes, the Maricopa County Board of Supervisors and State Treasurer John Allen as defendants. Maricopa County is requesting a dismissal of the complaint. Voters approved Prop 479 in the Nov. 5 election as a renewal to the previous Proposition 400 half-cent transportation tax that funded modern extensions to the Maricopa County…

Giving Back 1. A group of Brycon employees joined together recently to volunteer at St. Mary’s Food Bank. St. Mary’s provides food to families, children, seniors and various shelters/agencies in need, all at no cost. The Brycon team assisted with packaging and food distribution. Awards & Accolades 2. BOMA Greater Phoenix held its 2024 Fall Gala Member Awards Dinner at The Clayton House in Scottsdale. Members were honored in 10 categories. They were: Allied Partner of the Year (tie): Cynthia Aburto, Allstar Pro Painting, and Dave Little, K.M. Facility Services; Builder Engineer of the Year: Jeff Potts, Shorenstein Realty Services;…

Sales Transactions 1. St. Clair Holdings LLC sold The Bungalows on Estrella at 15545 W. Hudson Way in Goodyear for $56M. The 183-unit rental property was sold to M3 Multifamily. St. Clair Holdings originally purchased the property in 2021 for $73.2M. 2. Cushman & Wakefield announced the firm advised an entity controlled by Bank of America in the sale of 20 East Thomas Road, a 25-story office tower totaling 548.9KSF in Midtown Phoenix. The property, which happens to be the third largest office building in the state, sold for $23.7M to U-Haul International. U-Haul intends to occupy the majority of…

By Roland Murphy for AZBEX DMCI Enterprises is proposing a mixed-use development on approximately 14 acres at the NEC of Camino de la Tierra and Valencia Road in the unincorporated Pima County community of Drexel Heights, approximately 2.5 miles west of Interstate 10. The Tierra Valencia project plan materials say the area has seen significant growth recently. The property is currently covered by two zoning designations. The four acres on the west nearest Camino de la Tierra is General Business, while the remainder is designated Transitional. The eastern section is separated from the western by a County-owned drainageway. Most of…

By Roland Murphy for AZBEX The Flagstaff City Council has unanimously approved a rezoning necessary to allow development of Lake Mary Housing, a proposed 202-unit apartment and townhome community on 13.96 acres on South Lake Mary Road, approximately two miles south of Interstate 17. Atlantic Developments & Investments, Inc. requested the rezoning from estate residential to high density residential. Flagstaff’s estate residential zoning allows for large-lot homes and limited agricultural uses. Maximum allowed density under the proposed zoning would be 262 units. Both zoning designations carry with them a resource protection overlay. As part of the request, Atlantic submitted a…