Phoenix
Mark-Taylor, Kitchell to Develop 590-Unit M-F Project in Tempe
Mark-Taylor Inc. has recently announced it would team up with Phoenix-based Kitchell Development Co. to develop a 590-unit multifamily project in Tempe. The giant apartment community will be called San Sonora.
Optima Sonoran Village Leads Downtown Scottsdale’s M-F Development Wave
The first phase of Optima Sonoran Village, consisting of a 210-unit apartment building in downtown Scottsdale has recently marked an important milestone for the local apartment market; the seven-story tower is the first completed project in a wave of thousands of apartments proposed downtown.
$25M Sports Complex Debuts on ASU West Campus
A new $25 million fitness complex is about to open on the Arizona State University West campus in Phoenix. The 63,800-square-foot facility will complete a major expansion project on the West campus.
The Rockefeller Group, IPA Break Ground on M-F Project in Suburban Phoenix
Late last summer, The Rockefeller Group and Investment Property Associates said they would break ground on the $58 million Liv Northgate in Gilbert, Ariz., in early 2013, and now they have.
Dignity Breaks Ground on $44M Hospital in Glendale
San Francisco-based Dignity Health officially broke ground on a new West Valley hospital planned at its medical campus near the Loop 101 and Glendale Avenue. Dignity also unveiled the name of the $44 million facility during the groundbreaking ceremony — “St. Joseph’s Westgate Medical Center”.
City Weighs 100-Acre Sale to Liberty Property Trust
The City of Tempe is looking to create a partnership with Philadelphia-based Liberty Property Trust on the development of circa 100 acres of land which could create approximately 6,500 new jobs over the next decade. The deal has yet to be up for council vote on February 7, 2013. If approved, construction is expected to begin early summer.
North Scottsdale Mixed-Use Project Launches Construction With $62M M-F Complex
Dallas-based TDI Real Estate Holdings LLC broke ground on the first phase of an upscale multi-family community in Scottsdale that will bring 388 new housing units. Dubbed Jefferson at One Scottsdale, the entire apartment project will consist of about 750 units of luxury housing when complete.
ASU Plans Groundbreaking on 130 KSF Project in Tempe
Arizona State University has recently announced it would break ground on the 130,000-square-foot Block 12 project in Tempe on January 24. Developers target June 2014 as the completion date.
Stockbridge Capital/Alliance Residential JV Pays $50M for 629-Unit M-F Complex
California-based Stockbridge Capital Group has completed the acquisition of The Canyons, a 629-unit apartment community in Northwest Phoenix. The $50 million deal was closed in venture with Alliance Residential Co. in Phoenix.
Novawest Proposes Landmark 420-Foot-Tall Tower for Downtown Phoenix
By Camelia Bulea, Associate Editor Novawest L.L.C. is planning a distinctive addition to the Downtown Phoenix skyline: a 420-foot pin-like tower that would be the tallest building in Arizona. Bjarke Ingels Group, a Copenhagen-based architectural firm, is providing the design for a 39-story structure with a reinforced concrete core topped by an open-air spiral sphere. The […]