Tag Archives: Ahwatukee Foothills

DesertFoothillsPlaza

Ace Hardware to open new Ahwatukee location

Cassidy Turley announced it has completed a 15,000 square foot lease for Ace Hardware, at Desert Foothills Plaza located at 1323 East Chandler Boulevard in Phoenix.

Vice President Brent Mallonee of Cassidy Turley’s retail group represented Ace Hardware in the lease transaction. The landlord, Phoenix-based Foothills Plaza LLC was self-represented. Mallonee has been appointed to handle leasing on the remainder of the available space.

“This was a great transaction to be a part of, and it became a full circle deal. I met the tenant through a separate landlord represented deal we completed a few years back and was engaged to work with Ace Hardware on the Ahwatukee Foothills location. The transactions lead to a new listing with Desert Foothills Plaza. When we deliver service on a transaction that generates business for the future, we’re doing something right.” said Mr. Mallonee.

Desert Foothills Plaza is retail neighborhood center in the heart of the Ahwatukee Foothills, a young family, high income submarket of the southeast valley. The project currently includes a Bank of America, Big O Tires, Chase Bank, Grease Monkey and Walgreens. The area is surrounded by residential, golf courses, recreation parks and has easy access to Pecos Road a frontage road to the South Loop 202. The South Loop 202 extension is planned to run along Pecos Road.

Andante Apartments

CBRE Negotiates $61.3M Sale Of Andante Apartments

CBRE negotiated the $61.3M sale of Andante, a 576-unit luxury apartment community at 15801 S. 48th St. in Phoenix.

Vice Chairmen Tyler Anderson and Sean Cunningham, and Associate Asher Gunter of CBRE’s Phoenix office represented the institutional seller, Andante Acquisition Corporation, in structuring the transaction. The buyer was Chicago-based Waterton Associates LLC.

Additionally, financing through Fannie Mae was arranged by Executive Vice President Brian Eisendrath and Senior Production Analyst Brandon Smith of CBRE Capital Markets Debt & Equity Finance in Los Angeles.

“Andante is located in the highly desirable Ahwatukee Foothills community, which continues to outperform the metro marketplace in terms of rental growth and demand,” Anderson said. “Multi-family fundamentals in this area are expected to remain strong for the long haul, benefiting from positive job growth in the Southeast Valley and the improving economy.“

Andante is the most recently developed multifamily community west of Interstate 10. The property offers luxury living with seven attractive floor plans, large living areas, nine foot ceilings, Roman tubs and full-size washers and dryers. Residents at Andante also enjoy three resort-style swimming pools, a designer clubhouse, a fully-appointed 24-hour fitness center, a business center and a dog park.

Developed in two phases in 1999 and 2001, Andante was 94% occupied at the time of sale.

Ahwatukee Residents See Hope for South Mtn Freeway Alignment

Ahwatukee Residents See Ray Of Hope For South Mtn Freeway Alignment

Phoenix metro Loop 202 Phoenix (December 10, 2010) – Ahwatukee residents are not enamored with the current Loop 202 plan in which a freeway cuts through their community and South Mountain. Those plans can change if the Gila River Indian Community (GRIC) Tribal Council decides in January to recommend a possible extension of Loop 202 on reservation land south of Ahwatukee Foothills.

Officials from the Maricopa Association of Governments (MAG), the Arizona Department of Transportation (ADOT) and the GRIC transportation technical team have been meeting since August to discuss freeway alignment alternatives.  Between now and January, GRIC members will attend meetings at which they can voice opinions and ask questions about the possible extension of Loop 202 on reservation land.  Tribal officials, including Gov. William Rhodes, have said the primary motivation for this alignment alternative discussion is not economically driven but rather about protecting the ecology of South Mountain.

homes in Ahwatukee FoothillsAhwatukee residents were encouraged to hear that GRIC’s freeway discussion is moving forward because the current plan involves taking out a church, more than 100 homes in Ahwatukee Foothills and 64 homes in south Phoenix, and cutting through three ridges in the South Mountain preserve.

Phoenix Metro South Mountain FreewayA series of meetings are scheduled to take place before the wish of Ahwatukee residents may be granted by a vote of the GRIC Tribal Council in January. The first community meeting took place Saturday in Gila River’s District 6 south of Ahwatukee and Chandler. Community members who attended the meeting reviewed maps of the current planned alignment – a 22-mile eight-lane freeway that would connect Laveen to Chandler through Ahwatukee and South Mountain Park - and a new plan to build the freeway about one-half mile south of Ahwatukee on reservation land.  Community members presented several questions and comments, including concern for the cultural and economic impact of the freeway altogether as well as the related impact upon people in terms of things like air quality.

Upon completion of the community meetings, the Tribal Council will either vote on whether to approve the freeway alignment or defer the issue to a ballot in which the community at large will make the decision.  Either way, Ahwatukee Foothills residents are encouraged by the ongoing discussion and the willingness of GRIC to consider this freeway alternative from the current alignment which they have been actively opposing.

Read more at Livability Law…

South Mountain Park - and a new plan to build the freeway