There are a lot of cranes operating in Arizona as developers pursue new projects that are creating a more diverse state. Here are six projects that were recently finished or broke ground in Arizona, as seen in the July/August issue of AZRE magazine.
The Watermark | Tempe
- DEVELOPER: Fenix Development
- GENERAL CONTRACTOR: Okland Construction
- ARCHITECT: Nelson Partners
- BROKERAGE: Cushman & Wakefield
- LOCATION: SWC of Scottsdale Road & Loop 202, Tempe
- SIZE: 1.9 MSF
- VALUE: $135M
- START: June 2017
- COMPLETION: (Phase 1) Fall 2018
If you think Tempe is a college town still, developments like this are telling a different story. Construction is underway for this mixed-use development, The Watermark | Tempe, along the north bank of Tempe Town Lake. This project will include 255,000 square feet of Class A office space, 44,000 square feet of high-end restaurant and boutique space and 360 luxury apartments. A hotel will be included on the site as well. Land for a high-rise residential tower was recently sold for $14.7 million at the development site.
Central and Willetta
- DEVELOPER: Ryan Companies U.S., Inc.; Tilton Development Company
- GENERAL CONTRACTOR: Ryan Companies U.S., Inc.
- ARCHITECT: Studio Meng Strazzara
- LOCATION: Central Avenue & Willetta Street, Phoenix
- SIZE: 293,000 SF
- VALUE: WND
- START: June 2017
- COMPLETION: September 2018
This multifamily development will be The Burton Barr Central Library and the Phoenix Art Museum’s latest neighbor in an area that has seen a rise in developments and investment. This development will have four stories of residential apartments over two levels of parking. There will be five two-story town homes and two creative office suites developed here as well. This project is located right next to a Light Rail Station on Central Avenue in Central Phoenix.
Crismon Gateway Village
- DEVELOPER: FWD Partners
- GENERAL CONTRACTOR: Venn Construction (formerly RJM Construction)
- ARCHITECT: Architekton
- BROKERAGE: SVN Desert Commercial Advisors
- LOCATION: Crismon & Baseline roads, Mesa
- SIZE: 22,500 SF retail; 25,000 SF office; 128-unit multifamily
- VALUE: $26M
- START: May 2017
- COMPLETION: Q4 2017
Live, work, eat, shop, relax. What more could you want? The luxuries on the Valley’s centralized locations will be brought to East Mesa with this mixed-use development. It is focused on what everyone wants these days, bringing all of life’s necessities to one roof as an experience you won’t forget.
MVP Storage Scottsdale
- DEVELOPER: Monolith Capital Group
- GENERAL CONTRACTOR: Zzone Construction
- ARCHITECT: Andrews Design Group
- BROKERAGE: Cohen Financial
- LOCATION: 1650 N. Pima Rd., Scottsdale
- SIZE: 126,700 SF
- VALUE: $15.6M
- START: May 2017
- COMPLETION: Early 2018
Self-storage facilities have become hot assets as Baby Boomer’s empty their nests and opt for smaller, more centralized living conditions. This Scottsdale self-storage project features drive-through access. MVP Scottsdale is also located near the growing south Scottsdale area, which has been thriving as SkySong, The ASU Scottsdale Innovation, continues to successfully grow.
Turbo Resources
- DEVELOPER: N/A
- GENERAL CONTRACTOR: Layton Construction Company
- ARCHITECT: McCall & Associates Architects
- LOCATION: 2615 N. Arizona Ave., Chandler
- SIZE: 253,000 SF
- VALUE: WND
- START: June 2017
- COMPLETION: Q1 2018
The new corporate headquarters for the aeronautical parts company, Turbo Resources, will include both office and warehouse space on site. The company will be able to continue to grow at the new site, while adding work amenities and keeping the firm’s business on site.
Cave Creek 101
- DEVELOPER: Greenwood & McKenzie
- GENERAL CONTRACTOR: Sun State Builders
- ARCHITECT: Winton Architects
- BROKERAGE: Lee & Associates
- LOCATION: 2950 E. Mohawk Ln., Phoenix
- SIZE: 54,430 SF
- VALUE: $5.25M
- START: Fall 2016
- COMPLETION: May 2017
Sun State Builders recently finished construction on this industrial facility, which boasts sought after freeway frontage. The facility has multiple bay sizes for tenant flexibility, 24-foot clear height, a gated concrete truck yard and spec office space for tenants.
Know of a significant project that will be completed or will break ground in Arizona soon?
Send your submissions to AZRE Associate Editor David McGlothlin at David.Mcglothlin@azbigmedia.com to be considered for a “Project Spotlight.”
The best project spotlights submitted will then be featured in the latest print issue of AZRE under the “New to Market” section.
All you need to do is fill out and submit a “Project Spotlight Form” along with at least one photo or rendering of the project. The form includes the following:
- Project Name
- Developer
- General Contractor
- Architect
- Location & City (major crossroads/exact address)
- Size (SF)
- Brokerage Firm
- Value $
- Estimated start and completion dates (by month or quarter)
- Subcontractors
- Project Description (50-100 words)
David McGlothlin and Jesse A. Millard contributed to this report.
