Mixed-Use Archives

Fenix Development breaks ground on Tempe project

Fenix Development, a Los Angeles-based real estate investment and development company, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake. Phase I, of the 1.9 million-square-foot mixed-use development, will include 250,000 square feet of premium Class A office space, 44,000 SF of high-end restaurant and boutique retail service… Read More →

Construction commences on $50M renovation of Renaissance Square

Renaissance Square

Construction commenced today on phase one of a $50 million renovation of Renaissance Square, Downtown Phoenix’s iconic office towers at 2 and 40 N. Central Avenue. In a joint venture, Oaktree Capital Management, L.P., and Cypress Office Properties, LLC, purchased Renaissance square from Hines U.S. Core Office Fund, L.P last year for $151.25 million. The $10 million first… Read More →

Dexcom renovates warehouse into medical device manufacturing space

Skanska, one of the largest construction and development firms in the United States, is finishing construction on phase one of Dexcom’s facility located at 232 S. Dobson Road in Mesa. This 145,000-square-foot project is a build-out of an existing shell building. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space… Read More →

Fry’s in Downtown Phoenix breaking ground in April

Block 23 Downtown Phoenix
by in AZRE Magazine | Construction | Mixed-Use

Developers will finally break ground in Downtown Phoenix on the much anticipated Block 23 mixed-use development, which will house the area’s first grocery store. RED Development will break ground on Block 23, which is located at First and Washington Streets, on April 13. The project includes a Fry’s Food Stores, 200,000 square feet of creative office… Read More →

CBIZ Plaza sells in Midtown for $26M

Cushman & Wakefield

A midtown office tower, near Central Avenue and Thomas Road, was sold to Houston-based Riva Ridge Development from Miami-based LNR Property Corporation for $26 million, which included fees assessed by an auction company, according to Cushman & Wakefield. The CBIZ Plaza is located at 3101 and 3111 N. Central Ave. in Phoenix, across the street… Read More →

Leasing tower at $500M Optima Kierland to open

Optima Kierland
by in AZRE Magazine | Mixed-Use

Another part of $500 million Optima Kierland project is set to open on Feb. 16, with pre-leasing underway and residents to start moving in in late April. The 10-story leasing tower, 7160 Optima Kierland, includes 150 studio to three-bedroom residences ranging from 595 to 1,795 square feet. Rental rates for 12 to 15-month leases range from… Read More →

Design-build team picked for Camelback Collective redevelopment

by in AZRE Magazine | Mixed-Use

The design-build construction of the recently purchased redevelopment site at 28th Street and Camelback Road, dubbed Camelback Collective, will be led by Graycor Construction Company, according to an announcement from the developers. The redevelopment between 29th and 29th Streets on Camelback Road will feature a 120-square-foot mid-rise Class A office building and a 160-room AC by… Read More →

Construction starts on Tempe mixed-use project at University Drive and Forest Avenue

by in AZRE Magazine | Construction | Mixed-Use

The Opus Group started construction on a 407-unit residential and retail mixed-use development in Tempe. The project covers nearly an entire city block on the northwest corner of University Drive and Forest Avenue and will transform a surface parking lot into high-rise apartments and retail. The project is owned by a joint venture partnership between Opus… Read More →

Scottsdale Fashion Square announces big renovation plans

Enhancements to Luxury Offerings Will Be First Phase; Louis Vuitton Announces Major Store Renovation in 2017   Macerich, one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, today announced a phased project to further enhance the iconic Scottsdale Fashion Square. Plans include a renovation of the luxury wing followed… Read More →

LGE, Revelation Real Estate team up on $5M project

by in AZRE Magazine | Construction | Mixed-Use | Office

LGE Design Build broke ground today on a massive $5 million mixed-use project for Revelation Real Estate in Chandler. Revelation Real Estate sets the gold standard when it comes to offering top-notch residential properties and employing the Valley’s most award-winning professionals, and LGE Design Build, too, sets the bar when it comes to designing and… Read More →

Adaptive reuse project revitalizes Roosevelt Row Arts District

A NEW DOWNTOWN PROJECT MERGES CHEF-DRIVEN DINING, ARTISAN RETAILERS AND WORKING ARTIST STUDIOS AND GALLERIES TOGETHER IN ONE COLLECTIVE SPACE ~The Blocks of Roosevelt Row Indulges Guests with a Place to Connect, Create and Collaborate~ Desert Viking Development is thrilled to announce a new project underway revitalizing a portion of the Downtown Phoenix’s beloved Roosevelt… Read More →

Camelback Corridor redevelopment property sells for $17M

Obsolete Office Project Slated for Redevelopment into High-end Mixed-use Project  A prominent ±3.62 acre infill, redevelopment site located in the prestigious Camelback Corridor area of Phoenix has sold for $17.475 million, or $111 per sq. ft. of land. The property, located at 2801 and 2845 E. Camelback Road, was acquired by a joint venture of… Read More →

Seven-story mixed-use development on Apache approved to move forward

Valley Metro Light Rail
by in AZRE Magazine | Mixed-Use

Plans to advance Eastline Village, a seven-story mixed-use development, were approved Thursday evening at Tempe’s City Council Meeting. The DMB Associates Inc. development is located at 2025 E. Apache Blvd. along the light rail and will be a multi-phase project. Council members unanimously voted to adopt an ordinance for a Zoning Map Amendment from a Commercial Shopping… Read More →

Restaurants, retail open up at new Uptown Phoenix re-use project

Uptown Phoenix
by in AZRE Magazine | Mixed-Use

Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, completed construction of The Colony, an adaptive re-use project located on 7th Street just north of Missouri Avenue in Phoenix. Tenants include Stock & Stable, an American gastropub with an Italian influence; Honor Amongst Thieves, a craft cocktail lounge; Pure Sushi, a sushi restaurant; Herb… Read More →