$350M Condo Community Planned at Phoenician
Ascent at the Phoenician, a $350M, 195-unit luxury condo community planned by Replay Destinations, recently moved a step closer to reality with the developer’s purchase of 32 acres near the Phoenician Golf Club. Replay bought the land from The Phoenician’s owner, Host Hotels & Resorts, for $65M and subsequently sold a 51-lot portion to single-family developer Cullum Homes for $30M. The first 30 condos […]
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 […]
Avondale Approves Master Plan Community
By Tasha Anderson for AZBEX The Avondale City Council approved an amendment to an existing development deal at its August 26th meeting for the 163-acre Parkside Village site at the SWC of Indian School Road and 99th Avenue. According to the city staff report, “The proposed amendment will redefine infrastructure improvements… modify the timing for […]
AZBEX Initial Forecast Event Surprises
By Peter Madrid and AZBEX Staff for Arizona Builder’s Exchange While it was nearly a given multifamily would be king of the hill in the 2017 commercial construction landscape, many other trends the Arizona Builder’s Exchange staff uncovered in preparation for its inaugural 2018 Construction Forecast event last Friday caught both them and several industry […]
Why Incentivize When There’s Nothing to Buy?
By Roland Murphy for Arizona Builder’s Exchange While I tend to lean slightly toward optimism, no one has ever accused me of a rose-colored worldview. Some of the reports that have crossed my desk recently have reinforced my, “That’s good news, but…” default outlook. Nearly everyone, including Millennials, is tired of stories focused on Millennials. […]