288-Unit Multifamily Dev. Proposed for Prescott Valley
By Tasha Anderson for AZBEX Grounds Properties, LLC c/o Pacific RH, LLC submitted two applications to the Town of Prescott Valley for a new 288-unit multifamily development to be located at the SEC of Bradshaw Mountain Road and State Route 69 just behind a Family Dollar store. The first application is a zoning map change […]
Daybreak Project Unveiled
By Bob Burns for Fountain Hills Times Developer Jeremy Hall, a principal with Phoenix Interests, LLC, is proposing a 400-unit luxury rental complex for a 60-acre site in Fountain Hills. Hall and his partner, Neil Ginsburg, held an open house for interested public at the Community Center on Monday, Feb. 25. Neighbors closest to the […]
623KSF Mixed-Use Dev. Planned for Bullhead City
By Tasha Anderson for Arizona Builder’s Exchange A proposed zoning map change for a new high-end condominium and commercial development is expected to be heard at the Bullhead City March 5th council meeting. DJL Enterprises, LLC is requesting a zoning map change from Public Land District to Residential Multiple-Family District and C2 General Commercial District, […]
89-Unit Multifamily Dev. Proposed for SDLE
By Tasha Anderson for Arizona Builder’s Exchange Worksbureau, Inc., on behalf of Cabana Hayden, LLC, submitted a proposal to the City of Scottsdale for approval of a new 89-unit residential development on Hayden Road between E. Oak Street and E. Monte Vista Road. The request is for Development Review Board approval of a site plan, […]
Mesa ‘Eyesore’ to Become 5-story Apt. Complex
By Lauren Castle and Lindsey Collom for The Arizona Republic One of the most notorious corners in Mesa should look different by March 2021. What are now fenced-off largely vacant lots on the northwest corner of Main Street and Country Club Drive are envisioned as a five-story, nearly 200-unit apartment complex with bottom-floor retail space. The city recently […]
$146M Copper Sky Development Plans Unveiled
By Tasha Anderson for Arizona Builder’s Exchange Long-awaited plans for the Copper Sky Development have finally been revealed. Maricopa Economic Development Director, Denise Airheart presented plans for the $146M, mixed-use development adjacent to the Copper Sky Regional Park at the City Council special meeting on Wednesday, January 9th, and again at the City Council regular […]
Phx, National Multifamily Rent Growth Solid for 2018
By AZBEX Staff for Arizona Builder’s Exchange Despite U.S. Multifamily rent growth remaining flat at 3.2 percent in December from November, 2018 proved to be a solid year for multifamily. According to the December 2018 Multifamily National Report from Yardi Matrix, “3.2 percent rent growth slightly exceeded going-in expectations. Despite the recent volatility in the […]
Last LMS of 2018 Discusses Future of Multifamily
By Tasha Anderson for Arizona Builder’s Exchange As the end of the year rolls around, it’s customary to reflect on the current state of things and look toward the future to see what possibilities lie ahead. This month’s AZBEX Leading Market Series did just that as attendees gathered at the DoubleTree by Hilton in Tempe […]
Light Rail Anniversary Casts Light on Area Growth
By Roland Murphy for Arizona Builder’s Exchange Despite ongoing challenges and concerns in various parts of the Valley, the economic growth generated as a byproduct of the Light Rail’s introductions and various expansions have proven impossible to deny. Valley Metro last week released, “Building Communities and Enhancing Lives: A Quality of Life Report,” detailing the […]
New Residential Type Coming to Avondale
By Adrienne St. Clair for Arizona Builder’s Exchange Virtua Encanto Townhomes, LLC has submitted a project proposal to the City of Avondale to build Encanto Townhomes at Palm Lane — a 116-unit townhome development at the SWC of Avondale and Encanto boulevards. The 8.5-acre (6.9 net acres) site once housed a farm house and accessory […]