Arizona Cities See Higher Rents
While Apartment List’s National Rent Index is down 1.4 percent over the last year, rents in Tucson have increased 4.7 percent since the start of the COVID-19 crisis. Since March, Tucson’s month-over-month rents are up 0.6 percent, and year-over-year increases total 5.9 percent. Phoenix’s year-over-year growth is 3.3 percent since March. (Source)
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 […]
Plans Emerge for Optima Kierland Center Expansion
By Tasha Anderson for AZBEX A new 10-story building is being proposed as an expansion to the four-building Optima Kierland Center multifamily development currently under construction in Phoenix. While the original development’s location is 7120, 7140, 7160 and 7180 E. Kierland Boulevard, the expansion’s location will be designated as 7190 E. Kierland Boulevard. 7190 will be located at the site […]
New Auto Dealership Proposed for Phoenix
By Tasha Anderson for AZBEX Withey Morris, PLC, on behalf of owner, Howard A. Keyes with Keyes Automotive, recently submitted plans to the City of phoenix for the development of a new automotive dealership to be located just north of the NEC of 21st Avenue and Bell Road. The 2.15-acre site is currently zoned R-5 for multifamily residential. The California-based auto dealer wishes […]
Phoenix Ranks High for Solar Power
By Ellie Borst for Cronkite News Phoenix dipped slightly in a national ranking of solar power capacity, even as the total amount of power generated and the power per person increased from last year, according to a national report. The “Shining Cities” report by Environment America said Phoenix’s 272.4MW of solar capacity was fourth-highest in the nation last year, down one place […]
Big Population Gains Posted Across the Valley
By Farah Eltohamy for Cronkite News Buckeye got bumped from the top spot for population growth rate in 2019, but its 56.6 percent population increase since 2010 was still enough to make it the second-fastest growing city in the nation for the decade. New population estimates released by the Census Bureau show Buckeye’s population grew to 79,620 in 2019, a 7.1 […]
Single-Family for Rent Project Proposed for Phoenix
By Tasha Anderson for AZBEX Real estate developer, The Empire Group of Companies submitted plans to the City of Phoenix for a new single-family for rent development to be located at the NWC of Camelback Road and Ball Park Boulevard. Empire is requesting to rezone approximately 18.02 acres from Suburban S-1 District – Ranch or Farm Residence, Special […]
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 […]
Cities Brace for Pandemic Impacts
By Jen Fifield for The Arizona Republic Up until this month, many Arizona cities were riding high on good times. Populations were growing, jobs were booming, and cash was flowing in. Cities were preparing to put a bow on the optimistic budgets they had worked on since the fall for the next fiscal year starting in July. Then, […]
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 […]