Uptown 7th Self Storage to Bring 650 Units to Phoenix
By Sammy Williams for AZBEX Aspirant Development of Scottsdale is banking on the Uptown Phoenix revitalization boom with the announcement a 650-unit self storage facility. Uptown 7th Self Storage will be located at 6316 N. 7th Street, on the SWC of 7th Street and Maryland Avenue. The facility consists of a single building, two stories […]
Industry Professionals 03-29-19
Giving Back 1. Tour de Ren kicks off on Friday, April 26, from 3:00 pm – 5:00 pm to raise money for the patients at Phoenix Children’s Hospital. This high-energy outdoor spin cycle event is being held at Renaissance Square, located at Central and Washington in downtown Phoenix, and generously hosted by Oaktree Capital Management, […]
Arizona Projects 03-29-19
Groundbreakings 1. Property Markets Group began demolition on a surface parking lot and one-story building at 200 W. Monroe St. on March 11. Construction begins in June, and the new 20-story, 253-unit apartment complex, dubbed X Phoenix, is expected to open in 2021. 2. American Care Concepts has announced the groundbreaking of Countryside Senior Living, […]
Val Vista and Pecos Shopping Center Proposed
By Tasha Anderson for AZBEX Diversified Partners is planning to build a 59.3KSF shopping center on 11.2 acres at the NEC of Val Vista Drive and Pecos Road in Gilbert. Two submittals, a request to approve a Preliminary Plat and open space plan and a Design Review application, were discussed at the Town of Gilbert’s […]
Commercial Real Estate Transactions 03-26-2019
Sales Transactions 1. Cushman & Wakefield’s Executive Managing Directors, David Fogler and Steven Nicoluzakis represented Alliance Residential Company in the sale of Broadstone Roosevelt Row, 330 E. Roosevelt St., Phoenix. Roosevelt Row Apartments LLC – an entity formed by Weidner Investment Services, Inc. – purchased the property for $84.2M. 2. ABI Multifamily has announced the […]
West Phoenix Light Rail Suspended Indefinitely
By Tasha Anderson for AZBEX On Wednesday, Phoenix city council voted to indefinitely suspend – and most likely kill – development of a light rail route planned along Camelback Road between 19th and 43rd avenues in West Phoenix. The vote was in response to a citizen petition submitted by Phoenix resident and former councilwoman, Peggy […]
Aspire Tucson Phase II to Offer High-Rise Living
By Sammy Williams for AZBEX Developer, The Dinerstein Companies of Houston is doubling down on their investment in student housing near the University of Arizona by proposing a new, 130-unit high-rise just two blocks from campus. The eight-story building, dubbed Aspire Tucson Phase II, is directly west of Aspire Tucson, a 12-story community set to […]
Industry Professionals 03-22-19
Giving Back 1. McCarthy Building Companies, Inc. is tapping the talent in universities throughout the U.S. in its 3-year-old Intern Advantage Program. McCarthy managers said the program improves the image of construction work as a good career move and also lets the company get a look at possible future employees. Awards & Accolades 2. Horatio […]
Arizona Projects 03-22-19
Groundbreakings 1. Sundt Construction, Inc. recently started construction on the University of Arizona Student Success District in Tucson. The project will transform the Main Library, the Science-Engineering Library, and Bear Down Gym, while adding a new four-story student success building into an interconnected district, which will provide indoor and outdoor spaces. The project is being delivered […]
112-Unit Gated Condo Development Plan for Peoria
By Tasha Anderson for AZBEX Pew & Lake, PLC, on behalf of developer Bela Flor Communities, LLC, submitted a General Plan Amendment and Rezoning request to the City of Peoria for a new 16-buildng condominium development on 12.79 acres. The property is located at the SWC of 95th and Olive avenues and is bound by […]