111-Room Hotel Planned for Tempe
By Tasha Anderson for AZBEX A new Residence Inn hotel is being proposed on 2.37 acres of the Agave Development in the Southwest District Overlay of Tempe. Applicant and civil engineer, Sustainability Engineering Group, LLC, on behalf of the owner The Barclay Group is requesting a use permit to allow a hotel in the General Industrial Zoning District, another use permit to […]
Glendale to Welcome Crystal Lagoons Island Resort
Source: Glendale Office of Economic Development Global entertainment and experiential leader Crystal Lagoons® has chosen Glendale for a one-of-a-kind attraction. ECL Glendale, LLC will develop Crystal Lagoons Island Resort, a mixed-use project unique to the Southwest. As a first step in the process to bring this development to Glendale, the City Council has voted to approve a […]
Nonresidential Construction Spending Down in July
Source: Associated Builders and Contractors National nonresidential construction spending fell 1.2 percent in July, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $809.1B for the month. Of the 16 nonresidential subcategories, 10 were down on a monthly basis. Private nonresidential spending declined 1.0 percent while public nonresidential construction […]
Hotel Planned for Marana’s Cortaro Ranch Dev.
By Tasha Anderson for AZBEX A new hotel is being proposed within the Cortaro Ranch Phase II development and will be located just north of Cortaro Farms Road and west of Cerius Stravenue. Engineer and project applicant, EPS Group, Inc., on behalf of developer, Investment Resources Corp., is requesting approval of a development plan for the hotel, to be branded as a Home2 Suites by Hilton. The Marana […]
Phoenix MOB may be Redeveloped into Hotel
By Tasha Anderson for AZBEX Developer, The Terrance A Plas Company, recently submitted plans to the City of Phoenix to redevelop an existing medical plaza located at the NWC of McDowell Road and 12th Street, into a new 71.7KSF hotel. The hotel, to be called The McDowell Hotel according to the project documents, will sit on approximately 1.58 acres adjacent to the Coronado Neighborhood. “One of […]
WaterWalk Planning North Phoenix Extended Stay
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 […]
Construction Output Drops Significantly
Source: Associated Builders and Contractors The U.S. economy contracted at an annualized rate of 32.9 percent during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7 percent, respectively, while investment in nonresidential fixed structures contracted by […]
Avondale Seeking Mixed-Use Ideas
By Corina Vanek for Phoenix Business Journal The City of Avondale is seeking ideas from private developers about how to best develop 34 acres of city-owned land into a mixed-use development with office, hospitality, retail, residential and community amenities. The area, which the city has named “The BLVD,” is at Avondale Boulevard south of Interstate […]
Retail & Hospitality to Get Worse Before Improving
By Rebekah Morris for AZBEX On Wednesday, July 22, 2020, BEX held a panel discussion regarding upcoming retail, hospitality, and entertainment projects in the Valley and beyond. Participants included Jeff Mills, Project Executive for PENTA Building Group, Dave Sellers, President & CEO of LGE Design Build, and Aaron Studebaker, Community Development Project Manager for Salt River Pima-Maricopa Indian Community (SRPMIC). The discussion was moderated by Rebekah Morris, […]
$150M Project to “Enhance” SDLE Triangle Bldg
By Tasha Anderson for AZBEX Developer, PEG Companies is looking to preserve the historic Ralph “Haver Triangle Building” in Scottsdale while enhancing it with the development of a new $150M mixed-use project around it called The Triangle. The Haver Triangle Building was designed in 1962 by architect Ralph Haver, AIA, who, “was one of the most influential and creative Arizona architects of the second half of the 20th […]