New to Market Archives

CityScape welcomes first residents

CityScape Residences model penthouse
April 14, 2014 by in AZRE Magazine | Featured | Multi-Family

In February, the first residents moved into the CityScape Residences, a collection of 224 luxury apartments that sit atop Kimpton’s Hotel Palomar Phoenix.

113,880 SF industrial showroom project to break ground in May in Deer Valley

Screen shot 2014-04-14 at 10.12.40 AM

The 17/Union Hills Business Center, a two-building, 113,880 SF industrial and showroom project is expected to break ground May 2014 at 2350-2400 West Union Hills Drive in Phoenix. The multi-tenant project consisting of 61,320 SF and 52,560 SF buildings will feature 24’ clear height, dock and grade level loading, ESFR fire protection and fenced truck… Read More →

Deco Communities plans $37M joint venture on Envy Condos

Envy Condominiums rendering, WEB

Scottsdale-based Deco Communities has closed on a key parcel of land that will change the skyline of Old Town Scottsdale with the addition of a new luxury condominium tower. Slated for completion in 2016, the property is located at 4244 N. 75th St. Envy will include 90 elegantly appointed residential units and rise eight stories… Read More →

HFF arranges $14M in joint venture equity for Scottsdale condo project

Envy Condominiums rendering, WEB

HFF announced today that it has arranged $14M in joint venture equity for the development of Envy, a 90-home, mid-rise condominium project in downtown Scottsdale’s Entertainment District. HFF worked on behalf of the borrower, Deco Communities, to secure joint venture equity from an alternative investment manager. Envy will be situated on a one-acre site at… Read More →

Sundt Construction breaks ground on Friendship House at Royal Oaks

Friendship House, WEB

Sundt Construction has broken ground on the Friendship House at Royal Oaks Lifecare Retirement Community in Sun City, Ariz. The $13.6M project is a two-story memory care facility designed to provide lifestyle-focused accommodations for Royal Oaks residents with varying levels of cognitive needs. This is Sundt’s sixth project for Royal Oaks, speaking to the longstanding… Read More →

Av-Air breaks ground on 162,500 SF, multi-building project totaling $15M

av air front-S2, WEB

Arizona-based Av-Air, Inc. has hired Sun State Builders to construct its new two-building, 162,500+ SF headquarters for a total project cost of nearly $15M. The 6.17-acre parcel at 6877 W. Frye Rd., Chandler, Ariz., fronts the Loop 202 Freeway in Santan Technology Park. Av-Air purchased the property and broke ground soon after. Andy Ogan, Principal… Read More →

128-Unit Senior Housing Community Comes to Ahwatukee

Rendering of Generations at Agritopia (a sister property). Renderings of the Ahwatukee location are not yet completed.

Investment Property Associates, LLC (IPA) and Retirement Community Specialists (RCS) have partnered for a second time to develop a senior living community in Ahwatukee near the southwest corner of Chandler Boulevard and 50th Street.  The 8-acre site of the planned senior community is part of a 35-acre mixed-use parcel acquired by IPA in 2012. The… Read More →

Construction on Sagewood Senior Living Casitas Begin Due to Market Demand

Sagewood Casita Patio, WEB

Strong community sales and a recovering housing market has spurred the second phase of casitas now under construction at Sagewood, a Life Care Services community featuring resort-like amenities and health care services for senior living. The detached casitas range from 2,173 to 2,326 SF for a two bedroom, den and two-and-a-half bath design offering a… Read More →

Groundbreaking Arrives for Phase I of Airport I-10 Business Park

Oblique & Renderings of Airport I-10-1

Groundbreaking day has arrived for the first phase of Airport I-10—a Wentworth Property Company/Clarion Partners Class-A industrial project being leased by the Phoenix office of JLL that, at completion, will represent one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix history. Located at the northwest corner of 24th Street and Rio Salado,… Read More →

Raising Cane’s® Chicken Fingers Continues Its Arizona Expansion

Raising Canes, WEB

Cassidy Turley has completed a  0.83-acre (36,213 square feet) build-to-suit lease for MRG Marketing & Management, Inc., Southwest franchise partner for Raising Cane’s Chicken Fingers, at Arrowhead Marketplace, located at the northwest corner of Bell Road and 79thth Avenue in Glendale. Cassidy Turley Vice President Mark Bramlett represented MRG in its lease transaction with the… Read More →

Velocity Retail Group Negotiates First Redesigned Popeye’s for Phoenix

Popeyes, Velocity, WEB
March 13, 2014 by in AZRE Magazine | Brokerage | New to Market | Retail

Velocity Retail Group, LLC announces that the first newly redesigned prototype for Popeye’s Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe, Ariz. President Dave Cheatham,  Vice President Michael Clark and Associate Nick Ault of Velocity Retail Group represented Popeye’s in the transaction. The landlord TPP JV… Read More →

Scottsdale Developer to Revisit Mixed-Use Project in Carefree

The Phoenix Art Museum would anchor the retail portion of the project.

The professionally laid back town of Carefree could soon be home to Arizona’s newest “Main Street” condo and commercial project, aptly named Easy Street both for the street it fronts and its cool, casual lifestyle. Butte Development is revisiting plans for the $90 million mixed-use project near Cave Creek Road and Tom Darlington Road.  The… Read More →

New to Market: Noah Webster School – Pima Campus

Courtesy of Adolfson & Peterson Construction
February 18, 2014 by in AZRE Magazine | Construction | New to Market | Other

Developer: Noah Webster Schools & Salt River Devco General Contractor: Adolfson & Peterson Construction Architect: Adolfson & Peterson Construction Location: Pima & Jackrabbit roads, Scottsdale Size: 51,502 SF Value: $5.4M Completed date: July 2014 Project Description: The two-story framed K-6 charter school facility will feature 32 classrooms, including music and art rooms, a multi-purpose gym… Read More →

McCarthy Selected as General Contractor for OdySea Aquarium

OdySea, WEB

McCarthy Building Companies was recently selected as general contractor for the OdySea Aquarium, a new Scottsdale-based attraction slated to break ground summer of 2014 and open in the fall of 2015 at Via De Ventura and the 101 in Scottsdale at the Salt River Pima-MaricopaIndian Community, adjacent to Butterfly Wonderland and the Odysea Mirror Maze.… Read More →

McCarthy Building Cos. Completes APS Hyder II Solar Facility

APS Hyder II, WEB

McCarthy Building Companies recently completed the installation of a large-scale solar project called Hyder II for Arizona Public Service (APS), which owns and operates the plant. Located on 240 acres in eastern Yuma County, Hyder II uses more than 71,000 single-axis tracking photovoltaic panels to generate 14 megawatts (MW) of solar energy, enough to serve… Read More →

The Magic’s in the Makeup: The Shopping Centers of the Past Are the Future

metrocenter, WEB

From fresh paint to new market positions, shopping centers are pumping in deferred dollars to greet the returning retail dollars. “When things stay the same, that’s scary,” says Stan Sanchez, president and partner of De Rito Partners, about the shift in the Arizona shopping center marketplace. “There’s no doubt that location, location, location is still… Read More →

New to Market: Quail Run Building Material

Quail Run, WEB
January 31, 2014 by in Industrial | New to Market

When Douglas Stroh, principal of Stroh Architecture, was awarded the job to design a new manufacturing facility for Quail Run Building Materials in the Ak-Chin Indian Community’s Santa Cruz Commerce Center, he knew he had unique opportunity. Quail Run, which has outgrown its current Phoenix location and is now owned by Ak-Chin, manufactures cold-formed steel… Read More →

TDI Begins Construction of Jefferson on Legacy

Jefferson on Legacy, WEB

TDI Real Estate Holdings LLC, a developer of Class-A multi-family housing, has begun construction on the second  phase of a project that will bring up to 750 units of luxury housing to Scottsdale.  Construction of Jefferson on Legacy is presently underway on 322 units scheduled for completion in 2015. The site is located within the… Read More →

Wetta Ventures, ASU to redevelop College Ave.

Rendering courtesy of Brick & West Design and RSP Architects

Wetta Ventures and Arizona State University today announced a partnership to redevelop a portion of College Avenue as part of an adaptive reuse project that includes  the former ASU Annex. Begun in December, the project will convert the Annex, a 7,323 square-foot-building on the corner of College Ave. and Sixth Street next to the Mona… Read More →

Sequoia Pathfinder Academy at Eastmark to Open in August

Pathfinder Elementary, Eastmark, DMB

Edkey Inc., the parent company of 16 Sequoia Charter Schools, has completed construction plans for the new $6.5 million kindergarten through 6th grade Sequoia Pathfinder Academy at Eastmark, located on Eastmark Parkway, north of Ray Road in Mesa. The new tuition-free elementary school, which will serve 400 students, is scheduled to open in August for… Read More →

Blandford Homes to Develop on Greenfield and McDowell Roads

WSWC Greenfield Rd & McDowell Rd
January 21, 2014 by in Brokerage | Business News | New to Market

Cassidy Turley announced that Phoenix-based Blandford Homes purchased ±19.3 acres in Mesa, west of the SWC of Greenfield and McDowell roads. Through its McDowell Citrus 100, LLC, Blandford Homes purchased the land for $3.2M from Horlacher Foundation, Inc. (Mesa). Brent Moser, Mike Sutton and Brooks Griffith with Cassidy Turley Arizona’s Land Group negotiated the transaction… Read More →

New to Market: The Residences at Fountainhead Corporate Park

Microsoft Word - COVER.doc

Project Name: The Residences at Fountainhead Corporate Park Developer: Tilton Development & Goodman Real Estate General Contractor: Adolfson & Peterson Construction Architect: Todd & Associates Location & City: 55th Street & South Plaza Drive, Tempe, Arizona Size: 389,314 SF Value: $35M Estimated start and completion dates (by month or quarter): January 2014 / July 2015… Read More →

Wood Partners to Break Ground on Alta Tempe, 296-Unit Luxury Apartment Building in Tempe

Loop 202 - AZ Business Magazine Oct/Nov 2006
January 14, 2014 by in Multi-Family | New to Market

Wood Partners will break ground in early 2014 on Alta Tempe, a 296-unit luxury apartment complex at University Drive and Dorsey Lane near the new Marina Heights, which will be the state’s largest office park when it is completed. Construction of the 270,000-square-foot apartment building, situated on 7.1 acres, should be complete by June 2015.… Read More →

New to Market: January, February 2014

West-MEC

1  |  Western Maricopa Education Center (West-MEC) Developer: Western Maricopa Education Center General contractor: McCarthy Building Companies Architect: DLR Group Location: 1617 W. Williams Dr., Phoenix Size: 84,000 SF remodeled, 40,000 SF constructed Value: $18M Start/Completion: October 2013 to July 2014 The West-MEC Northeast Campus is one of four planned projects for the career and… Read More →