Luxury Multifamily Project Announced
Source: Hines International real estate firm Hines, along with a joint venture partner, announced it has closed on 11 acres to develop a 325-unit luxury for-rent residential property in north Phoenix. Hines’ multifamily property, located at the NWC of Happy Valley Road and 35th Avenue, will consist of six three-story buildings. An additional one-story building will include a clubhouse and fitness amenity that surrounds the pool. In total, Hines will develop 318KSF. Hines’ announcement comes on the heels of […]
Covid-19 Living Through Econ. & Social History P. 1
By: Thomas M. Brophy for Colliers International Multifamily Times AZBEX Note: Thomas M. Brophy is National Director of Research & Analytics | Multifamily Investments for the Colliers Cooke Multifamily Team. This column was distributed March 18, and all data were considered current at that time. Even though it has been edited for length, you will notice it is appreciably […]
Multifamily Develop. Proposed Near Metrocenter Mall
By Tasha Anderson for AZBEX MK Company Inc., recently submitted plans to the City of Phoenix for a new multifamily development, known as Metro Lofts, at the NEC of Dunlap and 29th Avenues. The site is located on approximately 7.32 acres at 9201 N. 29th Avenue, and is immediately adjacent to the Arizona Canal, “which is envisioned […]
Avenue North Plans More Multifamily on Baseline Rd.
By Tasha Anderson for AZBEX Owner and applicant, Avenue North LLC recently submitted plans to the City of Phoenix for a new multifamily development to be located east of the NEC of 16th Street and Baseline Road. The applicant is requesting to rezone approximately 7.44 acres on the south side of the Western Canal at […]
Residents, Developers at Odds over S. Tempe
By Joyce Coronel for Wrangler News A vacant lot at the NWC of Rural and Warner roads stands at the center of a long- swirling controversy that has bitterly divided a South Tempe neighborhood. When a chain link fence popped up days ago along much of the lot’s perimeter, and a large trailer and neatly stacked pile […]
Multifamily Develop. Planned near AZ Canal in SDLE
By Tasha Anderson for AZBEX Stockdale Capital Partners has recently submitted plans to the City of Scottsdale for a new multifamily mixed-use project to be located just east of the NEC of 68th Street and Indian School Road. Stockdale is looking for rezoning and site plan approval for the +/-1.17-acre site immediately adjacent to the […]
Multifamily Mixed-Use Develop. Proposed for Phoenix
By Tasha Anderson for AZBEX Dallas, Texas-based real estate development firm, Atticus Real Estate Services recently submitted plans to the City of Phoenix for a new multifamily mixed-use development to be located at the SWC of 16th and Colter Streets. The project, dubbed Willowick or 16th and Colter PUD, will provide “new housing and employment […]
Investors Still Paying Top Dollar for Multifamily
By Erika Morphy for GlobeSt.com Multifamily acquisition yields and price per unit have hovered at record lows for several years. What does that mean for pricing? Yardi Matrix spells it out in its newest report on the asset class: It means investors are willing to pay up even as market conditions change. The average price […]
272-unit Multifamily Project Proposed for Scottsdale
By Tasha Anderson for AZBEX The City of Phoenix recently received plans from San Antonio-based real estate developer, Embrey Partners, for a new six-story luxury multifamily development proposed for the Scottsdale Road Corridor. The project, dubbed Embrey Kierland North, is proposed as an approximately 272-unit “luxury rental residential community” to be located at the NWC […]
Multifamily Affordable Housing Plans in PHX
By Tasha Anderson for AZBEX Plans for a new multifamily affordable housing development to be located near the Light Rail Corridor have recently been resubmitted to the City of Phoenix. Catholic Charities Communities Services of Arizona, along with developer, Trinity Housing Development is requesting to rezone approximately 3.9 acres just north of the NEC of […]