Tag Archives: DAVIS

7th Ave./Courtesy of DAVIS

Tenants Turn Right-Sized Up

As the market shifts, more retailers are trying to find the most efficient balance of inventory, staff and size, according to Anita Blackford, senior vice president of leasing for Carlyle Group’s Metrocenter Mall. She’s seeing the theory in practice as Metrocenter fills its voluminous 1.3 MSF.
“We’re seeing strong opportunities for local businesses to get a foothold in a mall environment,” she reports. “We’re seeing smaller stores, and that’s a reflection of lingering economic concerns.” For Metrocenter, this creates opportunities to more closely align with its changing market. The mall’s owner is also opening space to community groups and non-profit organizations. The changes in space demand helps facilitate this unique service.
Traffic in Metrocenter is up 10 percent over last year. “Our shoppers are different than some other areas of the metro,” Blackford says. “I’m seeing three generations of families coming into the mall together to shop and be entertained.”
“Right-sizing for efficiency” is what experts are calling the shift in store sizes working its way through shopping centers and malls across the nation.
“While retailers are cautiously optimistic about the coming year, their customers are still worried about jobs and the economy,” Blackford says she hears merchants say.
“The thing about ‘right-sizing,’ is that it doesn’t always mean ‘getting smaller,’” says Steve Helm, assistant vice president, property management for Macerich. Helm is responsible for managing Scottsdale Fashion Square. “Some stores are growing.”
Bath & Body Works and The Limited, Helm says, know space needs and customer demands. The stores reduced footage, which allowed Scottsdale Fashion Square to convert the space for another store. On the other hand, Victoria’s Secret moved its spin-off, Pink, into a space opening up when another store resized, then Victoria’s Secret grew to take over Pink’s former space. Other changes include Hugo Boss relocating across the mall into a flagship-sized store to make way for its women’s clothing line. Then, lulu lemon leased the former Hugo Boss store. A resized Ann Taylor store left a space for Pink and the new Johnny Was.
The right-sizing trend is something other shopping center managers and owners are seeing across the state.
In one extreme version, Kornwasser Shopping Center Properties LLC is going to tear down more than 200,000 SF of an obsolete enclosed Yuma mall.
“Southgate Mall will be more a valuable property in a smaller, reconfigured design,” says Gordon Keig, senior vice president for the mall’s owner.
Right now, Southgate has nearly 350,000 SF. After the demolition and new construction, Keig says the total square footage will be closer to 310,000 SF. Right-sizing for efficiency is so crucial in this effort that a new lease for the retained 50,000 SF former Dillard’s will not be signed until the old mall is gone.
Kornwasser’s Yuma tenants are not necessarily down-sizing in the conversion. A space holding a former J.C. Penney’s store is now home to an expanded Burlington Coat Factory.
“Reducing the square footage of a property is sometimes necessary to meet a changing market,” says Keig. “It actually makes the property more inviting and will generate more sales per square foot.”
“The future for shopping centers is shifting,” says Blackford. “We’re going to see different mixes of uses where once was once just shopping.”
She expects to see medical clinics taking space in malls and in the space around malls, residential or assisted living developments, possibly even hotels.
Jennifer Davis Lunt, president and managing partner of Davis Enterprises, has seen a different type of “right-sizing” trend.
“Some smaller businesses are coming back from working out of homes and garages with confidence to lease space,” she says.
However, she says that in many cases, the businesses are taking less space than they might have before the recession.
“The square footage a store leases is credit-driven,” she says. “Local businesses are leasing, but the size of the store is affected by equity—a number the recession impacted for many. On the corporate side, we’re not seeing down-sizing, but we are seeing additional locations leased.”
Just as Kornwasser sees more value from less space, Davis does as well.
“At our Seventh Avenue and McDowell Road (Phoenix) property, we had to demolish an old convenience store,” explains Lunt. “Even though the renovated historic building didn’t change its size, we needed additional parking for new tenants Starbucks, Pei Wei and Side Bar. Losing the footage from the other store made the project feasible and more valuable.”
Davis Enterprises has another example of right-sizing, an old fast food and floral shop at 4700 N. Central Ave. in Phoenix. The area wouldn’t support a casual-dining or fast food outlet in that configuration.
By adding new dining space in an addition — and maintaining historic character with its unique front window — the building was right-sized for a sit-down restaurant.
“The property had character, but its size and configuration were not usable in today’s market,” Lunt explains. “With the increased space, Hulu was able to open and has been quite successful. We fit the space to the tenant’s needs.”
The biggest impact of “right-sizing” comes from the excessive number of empty big boxes in Arizona — the national leader in big-store vacancies.
“Some big boxes are being divided,” explains Dave Cheatham, president of Velocity Retail Group. “But it can be difficult to divide a big box. The rent drives that decision. With per-foot rents still depressed, a landlord may do better renting less than the full space and leaving a portion of the building vacant.”
“We did that with a couple of Mervyn’s for Hobby Lobby,” says Cheatham. “At Paradise Village, for example, Hobby Lobby pays for 50,000 SF of the 73,000 SF space. It did not make economic sense to divide off the remaining space and lease it.”
This is causing creative uses for former boxes. Velocity sold an old Albertson’s in Gilbert to Leading Edge Academy, which is now constructing a second floor and converting the grocery into a charter school. In Tempe’s Emerald Center, a former furniture warehouse store is now a day spa on one side and a shooting range on the other.
“We’ve got to be creative with the big boxes,” says Cheatham. “And get them off the market.”
Creativity is the watchword for shopping center owners as store spaces are resized to the right fit for the post-recession tenants.

A1 Project Data _ Layout

New to Market: The Lofts at Hayden Ferry

Project Name: The Lofts at Hayden Ferry

Developer: OliverMcMillan

General Contractor: Adolfson & Peterson Construction

Architect: Pappageorge Haymes Partners / Todd & Associates

Location & City (major crossroads/exact address): 260 Rio Salado Parkway, Tempe, Arizona

Size (SF): 497,000 SF

Value: $40M

Estimated start and completion dates (by month or quarter): June 2014 / December 2015

Project Description/Additional Information: Situated on a 3.69-acre site adjacent to Tempe Town Lake, the high visibility development consists of 264 Class A market-rate apartments in four stories of wood framed structure with two levels of parking below grade. The podium will be elevated approximately four feet above grade which will enhance the characteristics of its architecture in addition to lessening the potential of subterranean water issues due to the proximity of the project to the existing lake. The site is currently vacant and is part of the Hayden Ferry Lakeside Master Plan, near Arizona State University and the Mill Avenue Entertainment District. 

rsz_davismoving

DAVIS Architecture Moving Its Firm In Tempe

 

DAVIS announced the relocation of its office. The ever-evolving company will remain at Hayden Ferry Lakeside at the NEC of Mill Ave. and Rio Salado Parkway.

The firm’s new address is 74 E. Rio Salado Parkway, #200, Tempe, AZ., 85281. It will retain the same phone number (480) 638-1100.

DAVIS will occupy a lofty second-floor space with an open floor plan and multiple team spaces and meeting areas. The space will have exposed ceilings and a minimalist palette of white walls, polished concrete floors, exposed block walls and a vibrant pop of color strategically placed throughout the space.

Founded in 1975, originally as CornoyerHedrick Architects & Planners, DAVIS has designed 75 MSF of business, personal, public and emerging environments valued at more than $20B.

Its comprehensive services include: Urban Design and Planning, Programming, Architecture, Interior Design and Facility Planning and Management.

DAVIS was the 2012 RED Awards Architect of the Year. It also has earned Architecture Firm of the Year by NAIOP.

 

tempe

Ryan Companies US, Sunbelt Holdings To Co-Develop 2 MSF Multi-Use Office Development In Tempe

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

office - hayden ferry lakeside - AZRE Magazine May/June 2012

Office Tower: Hayden Ferry Lakeside Phase III

Hayden Ferry Lakeside Phase III

Developer: Ryan Companies US, Inc.
General Contractor: Ryan Companies US, Inc.
Architect: DAVIS
Broker: CBRE
Location: NEC Mill, Ave., and Rio Salado Parkway,
Tempe
Size: 250,000 SF
The final phase of Hayden Ferry Lakeside will be a 10-story, Class A office tower in Tempe. The building design will maintain the same nautical theme as its predecessors, Hayden Ferry Lakeside I and II. It will be the first high-rise to break ground in Downtown Tempe since 2007. Construction is expected to begin in 4Q 2012.

AZRE Magazine May/June 2012

University of Phoenix - Sperling Center

New University Of Phoenix Campus Opens, Offers Technologically Advanced Classrooms

The University of Phoenix unveiled its new, one-of-a-kind campus — the John Sperling Center for Educational Innovation.

This award-winning facility provides students with technologically advanced, yet practical learning environments, or “classrooms without boundaries.”

The campus, at 1625 Fountainhead Parkway, Fountainhead Corporate Center, in Tempe, celebrated its grand opening yesterday. Fountainhead won the 2012 RED Award for Best Office Project. Its designer, DAVIS, was named Architect of the Year.

“The innovation at this new campus embodies the foundation of what University of Phoenix prides itself in delivering to its students – an education without boundaries,” said Bill Pepicello, president of the University of Phoenix.

Technologically advanced classrooms called “Classrooms Without Boundaries” were designed with practicality at top-of-mind for students. The walls are writable surfaces, as well as the desktops, which flip to vertical positions allowing for easy presentations. Through use of eBeam® technology, instructors and students can work directly from projected computer screen images on the walls where they can open files, click on tabs or images, drag and drop files, etc., with the use of a special “pen.” The use of telepresence in these classrooms can extend programs/instruction into smaller, remote campuses and communities, such as in Yuma,  where testing is already underway.

“The ‘Classrooms Without Boundaries’ are real working classrooms but also labs for experimenting, developing and adopting new teaching technologies and techniques. Ideas that prove successful here are rolled out to programs and other campuses,” said David Fitzgerald, Phoenix campus director. “Even though these are physical classrooms at a physical campus, they’re all about having an education without barriers – our students are going to class on campuses or on their iPhone®, iPad® and laptops from their kitchen, workplace and local coffee shops.”

The campus not only offers highly advanced classrooms to students, but also gives visitors innovative experiences that showcase what the university is all about. From the lobby, through hallways to a large briefing/media room, the first floor of this 10-story building, (through a mixed use of technology, graphics and artistic design) tells the story of the university through “experiences” such as touch and learn panels, life-size progressive videos, and interactive maps. “These experiences were designed to offer fun, yet informative narratives of the university telling who we are, who we serve, how we do it, where we are going and what it means to potential students,” Fitzgerald said.

The John Sperling Center for Educational Innovation now serves as the main campus for  Metro Phoenix with numerous other campus locations throughout the Valley. The campus also houses traditional classrooms, a state-of-the-art nursing lab, a counseling center that lets students serve real families and individuals, a student advisement center, The Rev Café, a student resource center with computer workstations and group study rooms, video booth labs that let students work on and improve presentations and the usability lab where University staff facilitate end-user observations and real-time product design.

The Apollo Group Real Estate and Facilities team enlisted architecture and construction firms for this project. Besides DAVIS, construction was a joint effort between Sundt Construction (shell and tenant improvement) and Southwest Architectural Builders.

For more information about University of Phoenix, visit their website at www.phoenix.edu.

Ryan Companies

Ryan Companies US, DAVIS to Deliver 3rd Tower To Hayden Ferry Lakeside

Ryan Companies US, Inc., will build and begin leasing the third office tower at Hayden Ferry Lakeside in Tempe, it was announced at a morning press conference near the site of the new project. DAVIS will handle architectural duties.

Ryan Companies will develop the 10-story, 250,000 SF, Class A office tower at the corner of Mill and Rio Salado Parkway. DAVIS designed the building in 2007 and has made several design enhancements to this gateway building. Officials expect the project to break ground in 4Q 2012.

“This upgraded, clean, slightly more contemporary design is the appropriate design to complete the project and leave it looking forward, well into the 21st century” said Mike Davis, founder and director of Design at DAVIS.

The land is owned by an entity affiliated with Sunbelt Holdings, which acquired the property from SunCor in 2010. The Sunbelt entity will sell the land to Ryan for the tower.

The building is the first commercial high rise to break ground in downtown Tempe since 2007. The timing of this building could not be better. Much of the office space in downtown Tempe is now leased, leaving fewer space options for large companies to locate.

“We are pleased to partner with Ryan Companies on the next office tower at Hayden Ferry Lakeside,” said John Graham of Sunbelt Holdings. “We believe the more than 900 jobs that will eventually be located there will serve to enhance demand for additional residential and commercial development on and around Tempe Town Lake.”

Hayden Ferry Lakeside was conceived in 1999 by SunCor Development as Town Lake’s first development. The project consisted of three office towers and four residential properties. During the past 13 years, SunCor completed two of the planned office towers and two condominium towers.

“Hayden Ferry Lakeside was the first mixed-use development in downtown Tempe and the first development to build here at Town Lake. It’s appropriate that once again, the development once again leads the high rise construction industry,” Tempe Mayor Hugh Hallman said. “We thank Sunbelt Holdings and Ryan Companies for their investment in our community and their commitment to Tempe Town Lake.”

The future Phase III office building serves as a gateway piece of the development. The building design maintains the same boat-shaped, nautical theme as its predecessors. It is upgraded with a clean and slightly more contemporary expression that compliments the existing office buildings.

Building finishes will incorporate the notable cobalt blue glass, aluminum panels and horizontal mullion expression of the window system. The landscape and hardscape materials will be consistent with what has already been established previously with the metaphoric stream, blue paving, completing the design as originally conceived.

“Staying ahead of the upcoming demand, Ryan recognizes the need for additional Class A office space in Tempe. With Tempe’s strong and plentiful workforce and the location of Hayden Ferry Lakeside, developing and constructing a third tower will provide an excellent home for companies looking to relocate to Tempe,” said John Strittmatter, president of Ryan Companies US, Inc. Southwest.

CBRE will be the brokerage firm, officials said.

ryancompanies.com

red-awards-2012

2012 RED Awards: Winners & Honorable Mentions

Kitchell, DAVIS and Banner Health captured top honors Thursday night as Arizona Commercial Real Estate Magazine held the 7th Annual, 2012 RED Awards (Real Estate and Development) to recognize the biggest, best and most notable commercial real estate projects and transactions of 2011.

The event drew more than 400 CRE professionals to the Arizona Biltmore as winners and honorable mentions were selected from a record 116 nominations received in 12 project categories and individual and team broker categories.

Kitchell was named General Contractor of the Year; DAVIS was Architect of the Year; and Banner Health won Developer of the Year.

2012 RED Awards category winners:

Best Education Project: Grand Canyon University Arena; Best Hospitality Project: Westin Downtown Phoenix; Best Industrial Project: Dunn-Edwards Phoenix; Best Healthcare Project: Phoenix Children’s Hospital; Best Multi-Family Project: Devine Legacy on Central; Best Office Project: Fountainhead Office Plaza; Best Public Project: Virginia G. Piper Sports & Fitness Center for Persons with Disabilities; Best Redevelopment Project: Adelante Healthcare Surprise; Best Retail Project: iPic Theater/Tanzy/Salt; Most Challenging Project: Salt River Fields at Talking Stick; Most Sustainable Project: DPR Construction Phoenix Headquarters; and Best Tenant Improvement Project: Limelight Networks.

Merit Award winners were OASIS Hospital (Healthcare) and P.L. Julian Elementary School (Education).

Broker of the Year honors went to Jay Hoselton, Cushman & Wakefield, Individual Leasing; Ken Elmer, Commercial Properties Inc., Individual Sales; Bo Mills and Mark Detmer, Cushman & Wakefield, Team Leasing; and Tyler Anderson and Sean Cunningham, CBRE, Team Sales.

2012 RED Awards honorable mentions:

Education: NAU Health & Learning Center; Healthcare: Banner MD Anderson Cancer Center; Hospitality: Casino Del Sol Hotel Convention Center and Parking Structure Expansion; Industrial: Crescent Crown Distribution; Most Challenging: Arizona Science Center Phase III Remodification; Multi-Family: Phoenix Towers Terrace; Office: UniSource Energy Corporate Office; Public: Maricopa County Downtown Court Tower; Redevelopment: The Q Building at Paradise Valley Community College; Retail: American Sports Complex-Retail Center; Most Sustainable: Phoenix Children’s Hospital; and Tenant Improvement: Gap Fulfillment Center.


View photos from the 2012 RED Awards on our Facebook!


2012 winners can order Awards, Plaques & Reprints


RED Awards 2012 - Limelight Networks

RED Awards 2012: Best Tenant Improvement Project, Limelight Networks

On March 1, AZRE hosted the 7th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2011 and the construction teams involved. AZRE held an open call for nominations and a record 116 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. This year, the winner for Best Tenant Improvement Project was Limelight Networks.


Best Tenant Improvement Project

Limelight Networks

Developer: Vulcan Real Estate
Contractor: Layton Construction
Architect: DAVIS
Broker: Ross Brown Partners
Size: 57,300 SF
Location: 222 S. Mill Ave., Tempe
Completed: July, 2011

Limelight NetworkLimelight Networks is a high-tech company that combined several locations into one main facility. As the first tenant in Tempe Gateway, the Limelight team expanded its project to provide for a 24/7 Network Operation Center and 150 SF of office space for each employee. DAVIS and Layton Construction incorporated updated technology and improved floor layouts. The project team observed sustainability techniques such as Greenguard and CRI Green Label Plus Certifications. The carpeted area is 37% reused content and the ceilings contain 85% recycled material. Motion sensors and water conservation were also implemented to promote the value of energy efficiency and progress of Limelight’s tenant improvement.

limelight.com


Video by Cory Bergquist


Honorable Mention

GAP Fulfillment Center

Developer: N/A
Contractor: Jokake Construction Services
Architect: K&I Architects
Broker: Cushman & Wakefield
Size: 412,000 SF
Location: 2225 S. 75th Ave., Phoenix
Completed: May, 2011


Video by Cory Bergquist


RED Awards 2012 Winners & Finalists

AZRE Magazine March/April 2011

RED Awards 2012 - Fountainhead Office Plaza

RED Awards 2012: Best Office Project, Fountainhead Office Plaza

On March 1, AZRE hosted the 7th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2011 and the construction teams involved. AZRE held an open call for nominations and a record 116 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. This year, the winner for Best Office Project was Fountainhead Office Plaza.


Best Office Project

Fountainhead Office Plaza

Developer: USAA Real Estate Company/Metro Commercial Properties
Contractor: Sundt Construction
Architect: DAVIS
Size: 493,661 SF
Location: 1624 Fountainhead Parkway, Tempe
Completed: July, 2011

Fountainhead Office PlazaFountainhead Office Plaza A & B in Tempe is comprised of 6- and 10-story Class A buildings. The massive project, which is 100% percent leased to the University of Phoenix, began only after the challenging task of altering a neighboring lake and tearing down three buildings and parking structures. Once these were complete, construction of a 493,661 SF plaza could commence. The project sits on 12 acres and includes a parking structure that accommodates more than 2,000 vehicles. Fountainhead adheres to the significance of sustainability by incorporating an Energy Recovery Ventilator (ERV) that acts as a cleaner for incoming air, protecting against pollutants and reducing energy costs. The USGBC recognized Fountainhead Office Plaza with LEED Gold certification.

sundt.com


Video by Cory Bergquist


Honorable Mention

UniSource Energy Corporate Office

Developer: Ryan Companies US, Inc
Contractor: Ryan Companies US, Inc
Architect: DAVIS
Size: 200,000 SF
Location: 88 E. Broadway, Tucson
Completed: November, 2011


Video by Cory Bergquist


RED Awards 2012 Winners & Finalists

AZRE Magazine March/April 2012

RED Awards 2012

RED Awards 2012: Architect Of The Year, DAVIS

On March 1, AZRE hosted the 7th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2011 and the construction teams involved. AZRE held an open call for nominations and a record 116 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. This year, the winner for Architect of the Year was DAVIS.


Architect of the Year

DAVIS

Winner of Best Office Project: Fountainhead Office Plaza
Winner of Best Tenant Improvement: Limelight Network
Honorable Mention for Best Office Project: UniSource Energy Corporate Office

Architect of the Year: DAVISDAVIS, an architecture and design firm that has designed more than 75 MSF in Metro Phoenix area, celebrated its 20th anniversary in style. Last year the firm successfully executed projects such as Starwood, Limelight, CantaMia, Fountainhead Office Plaza, and Unisource.

A few DAVIS project highlights include the design of Limelight’s 57,300 SF new Tempe corporate HQ and Fountainhead Office Plaza, consisting of a 10-story and 6-story Class A office building, with a parking garage achieving LEED Gold certification.

Additionally, DAVIS undertook Unisource, Tucson Electric’s new 530,406 SF new LEED Gold certified corporate HQ. DAVIS’ long standing client relationships, exceptional team members, and re-establishment of humanity in the architecture are what make it a successful firm.

thedavisexperience.com


Video by Cory Bergquist


RED Awards 2012 Winners & Finalists

AZRE Magazine March/April 2012

RED Awards Banner

Best Multi-Family Project 2011

Vi at Silverstone

Best Multi-Family Project 2011: Vi at Silverstone, The Plaza CompaniesDeveloper: The Plaza Companies
Contractor:
Summit Builders
Architect:
DAVIS
Size:
735,651 SF
Location:
23005 N. 74th St., Scottsdale
Completed:
March 2010

Vi at Silverstone is a new, continuing care retirement community on a 35-acre campus. It consists of a 4-story, 467,857 SF main lodge building with 203 independent living units, an underground parking structure, a 2-story care center with 60 units and 67 residential villas. Common areas include formal and casual dining rooms, a lounge, indoor and outdoor pools, gym facilities, a theater, and an 18-hole putting course. Vi was “fast-tracked,” with the first phase completed 3 months ahead of schedule and the second phase completed one month ahead of schedule. Traditional materials, classic architectural and attention to detail placement are components of the distinct styling of the community. Vi’s purpose is to provide older adults with a superior living environment.




Honorable Mention: Sagewood, Phase 1

Honorable Mention: Sagewood, Phase 1; LCS/Westminster Partnership IVDeveloper: LCS/Westminster Partnership IV
Contractor:
The Weitz Company
Architect:
Todd & Associates
Size:
878,559 SF
Location:
4555 E. Mayo Blvd., Phoenix
Completed:
November 2010

Desert Ridge Corp Center III, AZRE March/April 2010

Office: Desert Ridge Corporate Center, Ph. III


DESERT RIDGE CORPORATE CENTER, PH. III

Developer: Ryan Companies US Inc.
Contractor: Ryan Companies US Inc.
Architect: DAVIS
Size: 137,000 SF
Location: NWC Tatum Blvd. & Loop 101 in Phoenix

The $44M office complex is slated to begin construction 4Q10, and will include 4 stories with a 4.5/1000 parking ratio. Completion is scheduled for 4Q11. Brokerage firm is Lee & Associates.

AZRE March/April 2010
Stadium Village Phase II, AZRE January/February 2009

Mixed-Use: Stadium Village Phase II


STADIUM VILLAGE PHASE II

Developer: SAXA Inc.
Contractor: Caviness Construction
Architect: DAVIS
Size: 54,000 SF
Location: Bell Rd. & Parkview Place, Surprise

The $10.5M Stadium Village is located in the center of Surprise, near the new City Hall and baseball stadiums. The mixed-use project is scheduled to finish February 2009. Broker: Prudential CRES Commercial Real Estate

AZRE January/February 2009