By Corina Vanek for Phoenix Business Journal
A developer of high-end extended stay hotels bought 4.5 acres of land in north Phoenix to develop the company’s first Arizona hotel property.
WaterWalk purchased the site at 19th Avenue and Pinnacle Peak Road for $2.14M from the Alter Group. Trask Switzenberg and Chuck Wells of Kidder Mathews represented WaterWalk.
“The continued rapid expansion in the Deer Valley submarket, coupled with the site lying in an opportunity zone, led to our client’s confidence in moving forward with the transaction, even amidst the current economic climate,” said Switzenberg.
The site also includes a 0.75-acre retail pad that Switzenberg and Wells will also market.
Read more at Phoenix Business Journal.
NEWS TICKER
- [June 20, 2025] - MAG Committee Info Details Upcoming Pavement Plans
- [June 20, 2025] - Bullhead Resort in Limbo After Continued No-Shows at Land Auction
- [June 20, 2025] - Mesa Considering $6.36M in Tax Incentives for SimonCRE Development
- [June 20, 2025] - Phoenix Delays Data Center Rezone Vote
- [June 20, 2025] - Arizona Projects 06-20-25
- [June 18, 2025] - More Cities Considering Data Center Restrictions
- [June 18, 2025] - Mesa Boards Review 36-Unit Apartment Plan
- [June 17, 2025] - MAG Meetings Detail Prop 479 Freeway Life Cycle Plans