➤ TIME AFTER TIME
The historic Hayden House in Tempe (built between 1871 and 1873) was the birth place of Arizona Rep. and Sen. Carl Hayden in 1877. Over the years, it was converted to a boarding house and eventually a restaurant known as Monti’s La Casa Vieja. The 2.51-acre property, purchased by Hayden House Tempe LLC, a partnership between San Diego, Los Angeles and Colorado companies (Douglas Wilson Companies, Hensel Phelps Development LLC and Karlin Real Estate), will be redeveloped into a mixed-use office and lifestyle-hotel development, called Mill and Rio Salado, featuring a 15-story, 280KSF class-A office space and a 16-story, 274-key Kimpton hotel with 17KSF for restaurants and retail. This restaurant will be preserved and renovated. The overall project cost will be $200M, beginning in mid-2015 and ending in 2017.
➤ GOING WITH THE GRAIN
Hayden Flour Mill will get an update from the inside out with the help of Chicago-based Baum Development, Aparium Hotel Group, SmithGroupJJR and Sundt Construction Inc. The five-acre parcel featuring a historic flour mill will transform into a boutique hotel, dining and retail and a 4,000-seat amphitheater.
➤ THE PRICE IS RIGHT
Douglas Allred Company announced three new projects at the 150-acre Park Place office complex are under construction — a business hotel, dining and retail project and 92KSF, class-A office building. Drury Development Corporation will develop the eight-story, 210-room Drury Inn & Suites. The development is in Chandler’s Price Corridor.
➤ DOWNTOWN DIGS
Georgia-based Wood Partners purchased two downtown land parcels with intent to develop a 220-unit apartment complex known as ALTA Fillmore. Two commercial buildings on the lots will be demolished prior to development, which will begin in 2Q 2015. WP West Builders Arizona is the contractor.
➤ HOME STRETCH
Trammell Crow Company and Clarion Partners began construction on phase three of the Coldwater Depot Logistics Center with completion estimated at 2Q 2015. This is the final phase of the 66-acre industrial park.
➤ SOUTHERN BELL
HSL Properties, Inc. announced the ground breaking of its $46M, 368-unit luxury apartment home community in the Tucson National area of the northwest Tucson Metro. The project, Encantada at Tucson National and contracted by HSL Construction Services and designed by Eglin + Bresler Architects PC, will be completed by fall 2016.
➤ ESPLANADE RENOVATIONS
Through the beginning of 2015, the Esplanade will undergo renovations to its ground plane and retail space. Improvements to its entry points, walkways and central corridor are among the main focuses. Gensler has been tapped as the design firm for the renovations by owner MetLife. CBRE will manage the renovations.