➤ THE NEW SCHOOL
Kitchell, Haydon Building Corp. and SmithGroupJJR have broken ground on a new building for the Foundation for Blind Children’s Phoenix campus. The 36,600 SF single-story building will replace several outdated facilities planned for demolition. Its main campus will continue to serve adults who are visually impaired.
➤ WHERE THE ‘BELL’ TOLLS
The P.B. Bell Companies purchased 2,759 apartment units throughout the Phoenix Metro. The $168.5M, seven-property transaction was brokered by Colliers International of Greater Phoenix’s mother and son team of Cindy and Brad Cooke. P.B. Bell plans to perform cosmetic upgrades to the properties and will continue acquiring multifamily properties.
➤ SAM FOX STRIKES AGAIN
Fox Restaurant Concepts and development partner, Brian Frakes, plan to open the first East Valley Culinary Dropout location in October 2014 on First and Farmer avenues in Tempe, Ariz. The restaurant will be built in a warehouse constructed in the 1960s for Thorens Showcase and Fixtures. The 14,757 SF development is the first of many schedule projects meant to revamp the Farmers Arts District.
➤ SPEC-TACULAR GROWTH
Wentworth Property Company/Clarion Partners and the Phoenix office of JLL secured a 63KSF tenant lease commitment with Anixter International, Inc., at the Airport I-10 Business Park — one of the largest speculative industrial developments in Phoenix history.
➤ PHASING OUT
Harvard Investments has partnered with Lincoln Property Company to develop its second and final phase of Riverview Point, a Class-A office project adjacent to the 250-acre mixed-use Mesa Riverview property. The phase includes two Class-A office buildings, one is a three-story, 150KSF building. The other is a two-story, 105KSF building.
➤ DEVILS’ DETAILS
It was announced in early August that Arizona State University’s $162M renovation of Sun Devil Stadium will be designed by Gould Evans Associates and HNTB Corporation and constructed by the AECOM-acquired Hunt Construction Group and Sundt Construction.
➤ FAIR PLAY
After months of diligent negotiation, the Tohono O’odham Nation and the City of Glendale have finalized an agreement ensuring that the $400M West Valley Resort and casino project has the city’s full support. The nation will supply annual funding to Glendale over the next 20 years in excess of $26M. The construction team includes Hunt Construction Group, recently purchased by AECOM, PENTA Building Group, Rider Levett Bucknall and Summit Project Management.