Multifamily Report Shows Sector’s Uncertainty
Source: ABI Multifamily ABI Multifamily has published its Q1 2020 Phoenix Multifamily Quarterly Report. And while the start of 2020 was strong, with rent growth, healthy occupancy rates, lower cost of living, and high renter demand all pointing to another extraordinary year, the future has yet to tell how the multifamily industry will be impacted by the COVID-19 global pandemic. With […]
172-unit Multifamily Project Proposed for PHX Site
By Tasha Anderson for AZBEX The site of a former Sears Parts and Repair store just west of the SWC of 18th Street and McDowell Road in Phoenix is proposed to be redeveloped into a new multifamily mixed-use project called The Governor by Moderne. Developer, Moderne Apartments, LLC submitted plans to the City of Phoenix and is requesting to rezone the approximately […]
Residential Mixed-Use Planned for Tempe’s Site
By Tasha Anderson for AZBEX Plans for a new 203.4KSF residential mixed-use development to be located at the NEC of Smith Road and Apache Boulevard have been submitted to the City of Tempe. The 4.09-acre property is within Tempe’s Eastline Village development site. Applicant, Gammage & Burnham P.L.C., on behalf of developer, Jones Multifamily, LLC, is requesting a General Plan Density Map Amendment from Medium to […]
Colliers’ Phoenix Q1 Multifamily Review
By Thomas Brophy for Colliers International While nearly every aspect of life has changed since March 1st of this year, it is necessary to take stock of where the market was prior to the COVID-19 shock knowing that all previous data sets relied upon have changed. As Elliott Pollack so eloquently stated in his ‘The Monday Morning Quarterback,’ 4/6/2020 post: “You shouldn’t be […]
More MLB Housing Planned for Surprise
By Tasha Anderson for AZBEX A new 47-unit housing facility for the Kansas City Royals Major League Baseball team is being planned north of Greenway Road and east of Bullard Avenue in Surprise. Harvey Badger Construction, LLC recently submitted plans for the four-story multifamily development, known as The Fountains at Surprise Center, and the project was heard at the city’s Planning and Zoning […]
245-lot Site in Surprise Sells for $3.65M
Source: Land Advisors Organization Land Advisors Organization Scottsdale announced the sale of a 22.99-acre site planned for 245 units in Surprise. The property is located at Cotton Lane and Sweetwater Avenue and sold for $3.65M to NPC Trugold, LLC. The sale of this parcel is significant as it is one of the first multifamily acquisitions on the west […]
74-acre Mixed-Use Development Proposed for Mesa
By Tasha Anderson for AZBEX A new mixed-use development proposed to include employment/light industrial, multifamily residential and commercial uses is making its way through the City of Mesa. On Wednesday, Mesa’s Planning and Zoning Board approved a request submitted by Beus Gilbert McGroder, PLLC, on behalf of Sun Belt Land Holdings, LP to rezone approximately 74.1 acres on the west side of Ellsworth Road north of […]
Peoria P&Z Approves 264-unit Multifamily Project
By Tasha Anderson for AZBEX Meyer Development Services, Ltd, on behalf of the owner, Sedona 43 Holdings, LLC, submitted plans to the City of Peoria for the development of a new 14-building multifamily project called Peoria Commons. A request for an amendment to the General Plan land use map from Commercial to Urban Residential on approximately 10.7 acres south of the SWC […]
UND Aerospace Plans Student Housing in Gilbert
By Tasha Anderson for AZBEX As the University of North Dakota (UND) Aerospace pilot program, in partnership with Chandler Gilbert Community College at Williams Gateway Airport, has experienced exponential growth, the need for more housing for their students has also grown, according to documents submitted to the Town of Gilbert. “International students do not drive cars and it is difficult to find adequate […]
216-unit Multifamily Project Proposed for Phoenix
By Tasha Anderson for AZBEX Multifamily housing developer, Wood Partners recently submitted plans to the City of Phoenix Planning Department for a new five-story luxury multifamily development to be built just east of the NEC of 16th Street and Camelback Road. The project, called Alta Bluewater, is planned as a 216-unit “modern luxury” multifamily development composed of a mix of 146 one-bedroom […]