{"id":1004105794,"date":"2014-10-18T13:49:18","date_gmt":"2014-10-18T21:49:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=299901"},"modified":"2020-05-12T23:17:01","modified_gmt":"2020-05-13T07:17:01","slug":"hines-plans-early-2015-construction-start-for-chandler-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-plans-early-2015-construction-start-for-chandler-mixed-use-project\/","title":{"rendered":"Hines Plans Early 2015 Construction Start For Chandler Mixed-Use Project"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Rendering of the Chandler Viridian<\/p>\n<\/div>\n

Paving the way for development of a mixed-use project near Chandler Fashion Center, Hines has closed on the acquisition of a 25.5-acre site at the northwest corner of the Loop 101 and Loop 202 Interchange, the company announced Oct. 15.<\/p>\n

Dubbed Chandler Viridian, the project will include luxury apartments, a six-story hotel, a central plaza with 250,000 square feet of Class A office and a pedestrian promenade with retail space.<\/p>\n

Hines\u2019 plans have been delayed by \u201csignificant legal complications related to the unfinished Elevation Chandler project,\u201d the firm explained in a statement. That partially built hotel has occupied the site since it was abandoned by its developer in 2006. Hines plans to demolish the structure in December.<\/p>\n

\u201cChandler Viridian will expand the area\u2019s economic engine by creating a true live, work and play environment. The visibility and walkability of Chandler Viridian exceeds many other mixed-use projects in the area,\u201d said Chris Anderson, Hines\u2019 managing director and local city leader, in a statement. \u201cHines is excited to develop the last available site adjacent to the Chandler Fashion Center and complete the master plan envisioned by the Chandler City leadership and citizens over 15 years ago.\u201d<\/p>\n

Phoenix-based Alliance Residential will start construction in the first quarter of 2015 on Chandler Viridian\u2019s residential component, a high-end apartment complex. Construction of the vertical infrastructure for the hotel, retail and office components is scheduled to begin during the second quarter.<\/p>\n

\u201cThis is a high-profile site in the midst of the Price Corridor, and the entire community will benefit from having a new project there,\u201d said James Smith, the city\u2019s acting economic development director. \u201cThis is the moment our residents have been waiting for \u2013 to see that failed structure come down, and new development take its place.\u201d<\/p>\n

Rendering Courtesy of Hines via Official Website <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Hines recently closed on a 25.5-acre site at the northwest corner of the Loop 101 and Loop 202 Interchange and in the vicinity of the Chandler Fashion Center. The company has been planning to develop there a project called Chandler Viridian for more than two years.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004105794","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"\nHines Plans Early 2015 Construction Start For Chandler Mixed-Use Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-plans-early-2015-construction-start-for-chandler-mixed-use-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Plans Early 2015 Construction Start For Chandler Mixed-Use Project\" \/>\n<meta property=\"og:description\" content=\"Hines recently closed on a 25.5-acre site at the northwest corner of the Loop 101 and Loop 202 Interchange and in the vicinity of the Chandler Fashion Center. 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