Tucson Multifamily Remains Hot
By Gabriela Rico for Arizona Daily Star Investor interest in Tucson’s upper-end apartment complexes has been high for several years and, while there was some breath-holding at the start of the pandemic, millions of dollars worth of transactions have transpired in the past few months. Investors are focused on the high-wage jobs the city has […]
Sr. Living, Multifamily Proposed for Phoenix
By Tasha Anderson for AZBEX Developer, Dominium Management recently submitted plans to the City of Phoenix for two separate multifamily residential communities, one of which will be an age restricted community, to be generally located at the NEC of 79th Avenue and Encanto Boulevard. The current zoning on the approximately 28.26-acre property is C-2 Intermediate Commercial and RSC […]
NAIOP Survey Finds CRE Deals Increasing
Source: AZ Big Media In the fourth monthly NAIOP survey measuring the impact of the COVID-19 crisis on the commercial real estate industry, respondents say that deal activity is improving across most major sectors of the industry, but more now expect impacts from the crisis to affect their businesses for an additional 12-18 months. “July continued a trend of positive […]
More Multifamily Planned for Eastmark
By Tasha Anderson for AZBEX A new Class A, luxury multifamily development is being proposed within the Eastmark Planned Community District in Mesa. The +/- 14.02-acre site is currently undeveloped and is located at the SEC of Ellsworth Road and Point 22 Boulevard at 5029 South Ellsworth Road, in a Mixed-Use Community character area of the city’s […]
San Luis Affordable Apartments Offering Tax Credits
By Cesar Neyoy for Yuma Sun The Comite de Bien Estar will be able to offer $2M in federal tax credits as incentives to attract investors in a planned apartment complex in San Luis for low-income families. Valley View apartments is one of 13 projects around the state approved by the Arizona Department of Housing for the credits through the state agency’s Low-Income Housing Tax Credit program […]
P&Z OKs Plan, Wants Better Traffic Analyses
By Raquel Hendrickson for inMaricopa One planned project brought out frustrations entailed in the City of Maricopa’s General Plan and how traffic flow is designed. Though the Planning & Zoning Commission unanimously recommended El Dorado Holding’s Rev Development to the city council for approval, commissioners and staff used the opportunity to push for change. Rev is planned as a 25-acre […]
Affordable Housing Proposed for Prescott Valley
By Tasha Anderson for AZBEX A new 144-unit affordable multifamily development is being proposed for the Town of Prescott Valley. Owner, Matthew Hepperle is requesting a zoning map change for the approximately 5.4-acre site encompassing the Baja Circle right-of-way and Prescott Valley Unit 24 (Lots 1-3, 7-10), from Commercial; general Sales ad Services-Planned Area Development to Residential and Services-Planned […]
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 […]
418-unit Apartment Complex Proposed for Glendale
By Tasha Anderson for AZBEX A new 418-unit multifamily residential development is being proposed for the NWC of Bell Road and the Loop 101 in Glendale. Applicant, Tiffany & Bosco, P.A., on behalf of project and property owner, Glendale Bell 101 LLC, is requesting a General Plan Amendment from Offices to High Density Residential allowing 20-30 dwelling units per […]
Phoenix Mayor Announces Affordable Housing Plan
Source: City of Phoenix In Phoenix, the COVID-19 pandemic and economic downturn is intensifying the already existing housing crisis. Phoenix residents, as well as residents in other cities across the country, are experiencing job losses, which can make it even more challenging to afford a place to live. According to Housing and Urban Development’s Fair Market Rents, in Arizona the cost of a […]