Tag Archives: RED Development

cityscape

Thrill-seekers will rappel CityScape office tower

In an unconventional fundraising effort for Special Olympics Arizona, 160 thrill-seekers will rappel 27 stories in downtown Phoenix on Saturday, Dec. 13 from 8 a.m. to 5 p.m. This year’s event is sure to soar to new heights with supporters such as Dallas Cowboys Announcer Kevin Ray.

Sponsors CityScape Phoenix and RED Development host the event at its offices, where participants who have raised more than $1,000 have the opportunity to experience Phoenix from new heights. Spectators, friends and family are encouraged to experience the launch for themselves at the Dec. 13 event.

“It’s fantastic to host something that pulls the community together and builds awareness in a nontraditional way,” Tim Martin, CEO of Special Olympics Arizona, said. “The increased interest we receive every year is a true testament to Phoenix’s dedication to helping Special Olympics Arizona and our athletes.”

Each participant, with the $1,000 fundraising goal, will be able to support two Special Olympics Arizona Athletes throughout 2015. Participants must meet the weight requirement between 100 and 300 pounds in order to rappel off CityScape. Those under the age of 18 will need a parent signed waiver. All proceeds will benefit Special Olympics Arizona.

“We’re honored to share our building for such a great cause,” said Jeff Moloznik, vice president of development at RED Development. “‘Over the Edge’ has grown into a signature event that our team looks forward to, and each year we’re exceedingly inspired by the participants who not only come out to rappel down the building, but also raise invaluable awareness for Special Olympics Arizona.”

Special Olympics Arizona provides every person with intellectual disabilities a place of welcome, acceptance and the chance to be their best. The organization’s mission is to empower over 180,000 Arizonans with intellectual disabilities to be healthy, productive and respected members of society through sports training, competitions and support programs.

Keith Earnest leaves RED, joins VanTrust Real Estate

Keith Earnest

Keith Earnest

VanTrust Real Estate, LLC announced Wednesday that Keith Earnest has joined the firm as its executive vice president and market leader to grow and manage the local VanTrust real estate portfolio.

Prior to joining VanTrust, Earnest spent nine years with RED Development as executive vice president of development. While at RED his resume included the development of the 565,000 square foot CityScape office building and the 224 unit Residences at CityScape. Prior to RED, Earnest was vice president of development for Opus West Corporation for 11 years. His resume at Opus included the development of Collier Center, Scottsdale Spectrum, Discount Tire’s corporate headquarters, and over 500,000 square feet on the Salt River Pima Maricopa Indian Reservation.

“I’m truly thrilled and eager about joining the VanTrust culture and growing the Phoenix office,” says Keith Earnest. “After assessing the market and recession recovery, the timing is right to find opportunities and grow responsibly.”

“VanTrust Real Estate focuses on a wide-spectrum of real estate opportunities where Keith’s extensive experience developing office, residential and retail real estate will play an integral role. We see Arizona as a key expansion market for our company and look forward to completing the Village at Aspen Place in Flagstaff and with Keith’s leadership, finding new development opportunities across the state”, said Dave Harrison, President of VanTrust Real Estate.

While VanTrust is not new to the Phoenix area, a new office opened in Phoenix this week, located at 2525 East Camelback Road, Suite 880, Phoenix, Arizona 85016. John Orsak, Senior Director of Development, and Jamie Heusser, Executive Assistant, will accompany Earnest at this new office location.

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Aspen Place at the Sawmill project gains momentum

RED Development today announced that its Flagstaff, Ariz. Development, Aspen Place at the Sawmill, recently broke ground on its housing component, Village at Aspen Place. The apartments’ ground breaking follows several high profile openings, lease signings and the announcement of a major transition for one of the development’s main anchor’s, New Frontiers.

New Retail and Expansions for Flagstaff
·      REI opened April 25, 2014 in a 24,000 separate square-foot space on the west side of the property
·      Alliance Bank opened a full-service banking office in June 2014 in a 6,000 square foot space north of REI on the west side of the development
·      Francesca’s will occupy a 1,200 square-foot space and plans to open spring 2015 near Flagstaff Jean Company. Francesca’s is one of the fastest growing specialty retailers and specializes in whimsical and eclectic collections of clothes, handbags, shoes, jewelry and gifts.
·      Eddie Bauer is set to open October 9, 2014 in a 4,700 square foot space. The specialty retailer sells sportswear, outerwear, footwear, gear and accessories for the active outdoor lifestyle.
·      Whole Foods Market (formerly New Frontiers) is ready to serve the needs of the community of Flagstaff with the highest quality natural and organic foods available. Open daily from 8am  to  9pm.
·      Wildflower Bread Company is expanding by an additional 500 square feet bringing their total footprint to more than 4,600 square feet. Increased demand for its artisan breads – baked fresh daily – as well as its healthy options for breakfast, lunch and dinner prompted the growth. The additional square footage allows increased operational opportunities and expanded catering options for the neighborhood-style restaurant and bakery that serves as the only location in Flagstaff.

“RED continues to demonstrate its commitment to Flagstaff and long-term development vision as it brings retail, restaurants and service providers that meet the needs of our community,” said Kevin Burke, city manager for the City of Flagstaff. “It is truly amazing how they have converted an unproductive piece of land in the middle of Flagstaff into a vibrant, live, shop, play development.”

Village at Aspen Place
The luxury apartments are being built just south of the existing Aspen Place retail and will be situated above and adjacent to a new 32,634 square-feet retail section. The one- and two- bedroom apartments are co-developed by VanTrust Real Estate, LLC and EPC Real Estate Group, LLC (formerly known as Land Development Strategies, LLC and ePartment Communities). Wespac Construction, Inc. with a full-service Northern Arizona office in Flagstaff, is the project’s general contractor.

The apartments feature upgraded kitchens, bathrooms and appliances, as well as numerous amenities including a courtyard with heated pool, gourmet barbeque grill with outdoor seating, fire pit with flat screen television, on-site services and a resident clubhouse featuring a 24-hour fitness center, personal trainer, massage therapists and more. A five-level garage with 344 structured parking spaces plus an additional 101 surface spaces will offer convenient resident and guest parking.

“These luxury apartments create a new rental opportunity in Flagstaff with unparalleled retail amenities,” said Brett Heron, Executive Vice President, Finance for RED Development. “Residents will appreciate being within walking distance of Aspen Place at the Sawmill’s grocery shopping, exciting new retail, restaurants and service providers.”

FlowRider, WEB

CityScape Phoenix hosts surfing in downtown Phoenix

Surf’s up in the heart of the desert this summer as CityScape Phoenix hosts Surfing on Central, a 13-week, family-friendly event offering a wave simulator, beach blanket movie nights, professional flowboarder performances, DJs and a special summer staycation hotel package.

Open daily starting June 1 and running through Labor Day Sept. 1, CityScape’s Patriots Square park will transform into a surfer’s paradise with the FlowRider® Mobile from FlowRider, Inc., a wave simulator that creates never-ending waves with over 38,000 gallons of perfect surf, ideal for beginners and experts. With 400-square-feet of ripping ride space, surfers will hang ten in a whole new way while learning to surf, do tricks and have fun.

Flowboarding is a hybrid boardsport that has the look of surfing, the ride of snowboarding, the tricks of skateboarding and the boards derived from wakeboarding.

In addition to the FlowRider, Surfing on Central will be home to lounge chairs, a tiki bar and more. Throughout the summer, there will be “Beach Blanket Movie Nights” where guests can enjoy surf movies under the stars and on Saturday nights catch “Airwaves” from 7pm until 10pm featuring a local DJ spinning the hottest summer hits and pro-flowboarders showing off their skills. Ladies Night is every Thursday from 6pm until 10pm where ladies buy one ticket, get one free.

To kick things off, CityScape will host a flow jam on Saturday, May 31 from 7 until 10 p.m. with professional flowboarders Sean Silveira, Adam Muller and Daniel Tarapchak showing off their shredding skills and signing autographs along with Red Bull DJs, games, prizes and plenty of beach-themed fun.

For those looking for the ultimate summer staycation, Kimpton’s Hotel Palomar Phoenix is offering a “Toes on the Nose Surfs Up!” package from $119/night that includes deluxe accommodations, two tickets to FlowRider and a 20 percent discount at LUSTRE Rooftop Garden for guests with a FlowRider ticket. Reservations can be booked at www.hotelpalomar-phoenix.com or 602-253-6633 (rate code: FLOW).

Located at CityScape Phoenix, Surfing on Central will be open seven days a week from 10am until 10pm from June 1 through September 1. The event is free and open to the public, with the exception of FlowRider that is available for $25 per person for 30 minutes with a maximum of eight guests per half hour. Riders can also test their skills on “The Mechanical Wave”, which is $5 for five attempts. Hours and pricing may vary throughout the summer. The most up-to-date information will be available online. Surfers must be at least 42” tall. Party packages and memberships will be available where discounts will be given for multiple sessions purchased, like the Blue Membership where riders receive two free sessions with the purchase of five sessions for $125.

Reservations are required to purchase tickets for the FlowRider. For more information about Surfing on Central and to find out how to book a reservation, visit www.cityscapephoenix.com/flowrider.  Easy, convenient and ample underground parking is available and validated by many retailers.

THIS SATURDAY (May 31): To kick things off, CityScape is hosting a flow jam from 7pm until 10pm this Saturday with professional flowboarders Sean Silveira, Adam Muller and Daniel Tarapchak showing off their shredding skills and signing autographs along with Red Bull DJs, games, prizes and plenty of beach-themed fun.

SURFING ON CENTRAL OPENS TO THE PUBLIC THIS SUNDAY & IS OPEN THROUGH LABOR DAY:
A wave simulator ($25/session)
Beach Blanket Movie Nights (free)
Professional flowboarder performances weekly (free)
“Airwaves” with local DJs every Saturday (free)
Ladies Night every Thursday (buy 1, get 1 free)
Special summer staycation package at Hotel Palomar Phoenix (from $119/night, including 2 tickets to FlowRider)

CityScape Residences model penthouse

CityScape welcomes first residents

CityScape Phoenix marked its final development milestone in February when the first residents moved into the CityScape Residences, a collection of 224 luxury apartments that sit atop Kimpton’s Hotel Palomar Phoenix.

The leasing office is now open daily from 11 a.m. – 6 p.m. along with a fully furnished, one-bedroom model on the 14th floor.

Expansive views and high-energy surroundings merge with sophisticated home finishes within all 224 residences. Residents have 24-hour access to the four-star hotel services of Kimpton’s Hotel Palomar Phoenix, including in-room dining by Blue Hound Kitchen & Cocktails, housekeeping, concierge, valet parking, business center and laundry services. Additionally, residents will enjoy parking with direct access into the residential tower, a private 24-hour state-of-the-art fitness center, a community area and an exclusive swimming pool 175 feet above Jefferson Street.

“CityScape is known for many things – most notably, work and play, but now it will take on a new component – live,” said Keith Earnest, Executive Vice President of Development at RED. “Our residents will have full access to the 24-hour vibrancy and energy of the neighborhood. What you find in two city blocks at CityScape is typically separated by miles in other cities. We’ve built a strong, tight-knit community and now we look forward to welcoming people who will call CityScape home.”

CityScape Residences offer unique studio, one- and two-bedroom floor plans with floor-to-ceiling windows, gourmet kitchens with prep islands and gas ranges, and luxurious bathrooms with sizeable closets. The residences range from 560 to 2,373 square-feet and include 23 two-story one, two- and three-bedroom penthouses on the top floors. All residences offer magnificent views of the city skyline and mountains beyond.

In addition to the hotel and community amenities, residents are automatically enrolled in a residents-only membership program at participating CityScape retailers and restaurants. Living at CityScape Phoenix puts residents just a few steps away from the best concert venues, theatres, professional sports venues and museums in Arizona.

“I have lived in Phoenix nearly my entire life and have never seen Downtown as vibrant as it is now, nor has there ever been a place more exciting to live than CityScape Residences,” said Irene McCready who works three blocks away at a major corporation and is the first resident to move in. “I sold my house last year and watched and waited for the CityScape Residences to become available. It’s like living at a resort with 24-hour room service and security, a resident-only pool and gym and full access to the hotel’s amenities. The spectacular views of South Mountain from my apartment and the never-ending variety of things to do are exactly what I was looking for in a home.”

CityScape Residences will be professionally managed by Alliance Residential Company. With resident move-ins underway, this signifies the completion of construction at the $500 million mixed-use destination.

For more information on CityScape Residences, call 866-628-0589 or visit www.cityscaperesidences.com.

For more information about CityScape Phoenix, a retailer directory and to see what’s happening, visit www.cityscapephoenix.com. Ample and convenient underground parking is available and validated by many retailers.

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Cityscape Residences Pool

Cityscape Penthouse 2

Collier Center Conceptual Rendering, WEB

RED Development Announces Lewis Roca Rothgerber Move-In and Strategic Renovations to Collier Center

RED Development announced today that law firm Lewis Roca Rothgerber has moved its Phoenix offices to Collier Center, a property that is a recent management venture for RED. The law firm has taken nearly 70,000 square feet of office space that is considerably more efficient than the firm’s former location and accommodates Lewis Roca Rothgerber’s staff of 250.

“Collier Center meets our needs for a top location in downtown Phoenix,” said Ken Van Winkle, Managing Partner at Lewis Roca Rothgerber. “The new offices are not only great for our employees, but this new location also provides better access to the firm for our clients.”

Property Upgrades
The class A nearly 600,000 square-foot project, which includes office, restaurant and retail uses is located at Washington and Second Streets, just a block from RED’s CityScape development.  “We are pleased to be working with the Collier Center’s owner to refine the building’s amenities and shape a new merchandise mix” said Mike Ebert, Managing Partner for RED Development.  “We are looking forward to bringing some of the same energy we’ve established at CityScape to Collier Center.”

RED plans to promote synergies and complementary uses between the two properties, which might even extend to hosting downtown events across at both sites.

The Collier Center owner is investing in new upgrades and new finishes in the property, which was constructed in 2000 and carries the Bank of America corporate logo in the downtown Phoenix skyline. RED will design and guide the property upgrades.

RED Development has brought the successful office-retail-entertainment complex at CityScape on line over the past several years.  The project introduced the new Hotel Palomar in 2012 and 224 new apartment units are to be completed early this year.

“The multiple uses at Cityscape, which have come together as an exciting destination in downtown Phoenix, give us great perspective on what works in this downtown landscape,” said Ebert.  “We’re looking forward to tapping this experience in our work at Collier Center.”

New Eatery
Tommy Pastrami New York Delicatessen will open its first Phoenix location this summer at Collier Center and will offer a broad selection of authentic hot and cold overstuffed sandwiches, fresh homemade soups, award-winning chili, Sabrett’s hot dogs, deli sides, salads and other specialties. Tommy Pastrami will occupy a 1,700 square foot store located on Second Street between FedEx and Hard Rock Café.

“We felt the best way to enter a new market was to be smack dab in the middle of the city.  Downtown is where it is at.” said Don Pijut, Company & Franchise Development for Tommy Pastrami. “With a daytime population of 65,000 people, 250 different events throughout the year and the on-going revitalization of downtown, everyone has a reason to come downtown at some point.”

PrescottGateway, Cassidy Turley

The Shops at Prescott Gateway Sold by Cassidy Turley

Cassidy Turley sold The Shops at Prescott Gateway, a ±34,671 SF shopping center adjacent to Prescott Gateway Mall, on the SWC of Highway 69 and Lee Boulevard in Prescott. Cole Real Estate Investments, Inc. purchased the property for $12.77M from RED Development. Cassidy Turley’s Ryan Schubert and Michael Hackett represented RED Development during the sale transaction.

According to Schubert, “The Shops at Prescott Gateway received tremendous interest from the market as Red Development built another irreplaceable, destination asset. Despite its perceived secondary market location, the property received over a dozen offers.”

Built in 2012, The Shops at Prescott Gateway is a five building retail center anchored by Trader Joe’s with a national and regional tenant base, including Five Guys, Great Clips and Mattress Firm. The center was 93 percent occupied at the time of sale.

Chuck Wells, Phoenix Commercial Advisors-cut

Cheddar's Casual Cafe Coming to Chandler

Cheddar’s Casual Cafe, a regional restaurant chain, will build its first Arizona location in Chandler in the former Red Fish Building on the NEC of Chandler Boulevard and Loop 101. The facility is 8,000SF.

This trade area was chosen because of its daytime and residential demographics offering an employment pool, regional retail and residential rooftops to generate lunch and dinner traffic seven days of the week.

The company has plans to open its next Arizona location in Tucson and is looking for more locations in Arizona. The company would like to continue their growth next to freeway interchanges, where possible, a spokeswoman for Phoenix Commercial Advisors says.

Chuck Wells of Phoenix Commercial Advisors represented the tenant. Charles Skaggs, of RED Development, represented the landlord.

Lawless Denim_ready made jeans

Lawless Denim Opening First Store at CityScape

Lawless Denim & Co. will be the first and only denim manufacturer in the state of Arizona when it opens the doors of its first store at CityScape Phoenix on Oct. 12 offering 100 percent handmade, custom-fit jeans, denim clothing items and leather goods.

The 3,200-square-foot space will serve as both a retail location and a manufacturing shop that will feature reams of 25 different types of selvedge denim for customers to choose from in 10 different styles. With everything made by hand, the manufacturing area will have professional tailoring stations, vintage sewing machines used for stitching and cutting tables. Customers will be assisted by denim smiths and in-store designer Maya Vita to select sizing, denim type, cut, style, stitching color and button finishes. Each pair of custom jeans are priced around $245.

Lawless Denim & Co. products stay true to classic American denim manufacturing with brass hardware, vintage-sewn stitches and the highest quality American and Japanese selvedge denim. Selvedge denim is made in small batches on pre-WWII vintage looms, much like the ones Levi Strauss used when first making blue jeans in the 1870s. The limited release of each batch of selvedge denim ensures customers receive unique and specialized denim weight, color and texture. Lawless will also have ready-made jeans available for purchase that can be tailor fit and priced from $85 to $180.

“It’s all about keeping with tradition and bringing each customer a truly unique and custom-made pair of jeans that will easily become their favorite pair of jeans,” said Roman Acevedo, Phoenix resident and owner of Lawless Denim & Co. “You can’t get anything like this in Arizona. In cities like New York and Los Angeles, you’ll typically pay $400 for custom jeans. Our jeans are handmade to your body type with high-quality denim in classic styles that will never go out of style. The best part – you’re part of the design process.”

Other custom-made items at Lawless include denim jackets and leather goods such as belts, wallets, accessories and bags. Acevedo purchased a rare Italian belt cutter that will be the only one in Arizona.

In celebration of its grand opening week, Lawless is offering customers a custom-made pair of jeans for $175 from Oct.13 through Oct. 20. Also, men’s and women’s ready-made jeans in white oak raw selvedge denim will be on special for $107.

“Lawless Denim & Co. is a prime example of the entrepreneurial spirit taking place in downtown Phoenix. Roman is drawing attention to a great American tradition of denim manufacturing and its authentic connection to Arizona. Today’s consumers expect quality, craft and authenticity. Downtown is all about reinvention and Lawless embodies that,” said Jeff Moloznik, vice president of development at RED Development.

Lawless Denim & Co. is open Monday through Saturday from 11am to 9pm and on Sunday from noon to 7pm. For more information, call 602-288-8302.

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RED Development Elevates Scottsdale’s Hilton Village Shopping Center

In a strategic update of its popular Scottsdale Road property, RED Development today announced targeted renovations and new retailers and restaurants for Hilton Village. The center will add CVS, Chico’s, Urbayn, as well as new restaurants – Tap House Kitchen and Nekter Juice Bar.
Property improvements taking place this fall alongside the new retailers and restaurants are designed to refresh the center’s original Spanish Colonial design and update signage, landscaping, lighting and more.

 

“We are polishing this exceptional property that already has a strong following in Scottsdale,” said Mike Ebert, Managing Partner, for RED Development.  “RED is reinvesting in Hilton Village with the kind of updates that make a difference for shoppers and retailers — from updating courtyards and improving signage to basics like resealing the parking areas. New retailers and new restaurants also add to the appeal of this popular retail property.”

 

Well regarded for its roster of local boutiques, specialty stores and strong restaurant line-up, Hilton Village was acquired by RED Development in spring of 2012.

 

In one significant change for Hilton Village, a new, 15,000 square-foot CVS store will take the place of the existing office building at the corner of Scottsdale Road and McDonald Drive, with construction set to begin in August.  New to the shopping center is Chico’s, the women’s fashion retailer, which moves from The Borgata to a 4,300 square-foot store at Hilton Village.  The new Chico’s store will open in late July. Urbayn, a boutique retailer, will open a 1,600 square-foot store filled with gifts, accessories, home décor and fragrance, bath and body products and fashions. Urbayn will open in late 2013.

 

Two new restaurants – Tap House Kitchen and Nekter Juice Bar – are tasty additions to the existing line-up. Tap House Kitchen is a 3,500 square-foot upscale gastropub concept new to the Valley that features delicious small plates including Bavarian pretzel bread bruschetta, innovative salads and BYOBs (Build Your Own Burgers) with grass-fed beef, gourmet cheeses, sauces and more.  Set to open this fall, Tap House Kitchen rounds out the experience with 24 craft and local beers on tap.

 

Nekter Juice Bar, a raw, 100% natural juice bar serving vegan juices, smoothies, nutritious snacks, acai bowls and cleanse programs, will occupy a 1,400 square-foot store at the property. Nekter Juice Bar also will open at Hilton Village this fall.  Also planned as part of the property’s renovation is an update to the longstanding Good Egg restaurant and Exclusively Big & Tall.

 

“RED Development has a strong track record in helping well-positioned shopping centers succeed,” said Christopher Osborn, Partner, Tap House Kitchen.  “With these smart renovations and the property’s great location that draws some of the best neighborhood clientele in the state, this favorite Scottsdale destination will be more attractive than ever.”

 

Hilton Village is a 97,000 square-foot neighborhood specialty center situated on the east side of Scottsdale Road between Lincoln and McDonald Drive. The property has more than 25 specialty shops, restaurants and services including: Houston’s, Humble Pie, Starbucks, Mood Swings Salon Scottsdale, and The Linen Tree.
 
About RED:
A wholly integrated commercial real estate company, RED maximizes asset value and performance for its high-quality retail and mixed-use portfolio that comprises 33 properties totaling more than 15 million square feet in 11 states. RED is a preferred partner for national retailers and investors, as well as for third-party property owners who turn to RED for its expertise in remerchandising and repositioning properties to improve profitability and appeal.  A privately held company headquartered in Phoenix, RED builds on its development capabilities as an active acquirer of existing properties. www.reddevelopment.com

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RED Development's Aspen Place At The Sawmill To Add REI, Luxury Apartments, More Retail Space

 

RED Development announced that its Flagstaff mixed-use project, Aspen Place at the Sawmill, will add an REI store and launch phase two with 30,000 additional SF of retail space and 222 luxury apartments.

The new REI is expected to open in spring 2014, when construction also is set to begin on phase-two additions.

The outdoor gear and clothing leader REI will utilize 23,550 SF in a separate building at Aspen Place to serve the needs of outdoor adventurers through innovative, quality products, classes and knowledgeable customer service. REI has 129 stores in 32 states.

“We can’t imagine a better fit for Northern Arizona’s committed outdoor enthusiasts than REI,” said Brett Heron, Executive Vice President, Finance, for RED Development. “REI will add one more exciting reason to visit Aspen Place.”

RED Development also announced that Alliance Bank will join the property with a 6,000 SF full service banking office set to open in Summer 2014.

A major part of the phase-two build-out is new luxury apartments to be built above and adjacent to the new 30,000 SF of retail. The apartments suitably named The Village at Aspen Place, will be developed and built by Kansas City-based developers, ePartment Communities, LLC and will be available in 1- and 2- bedroom floor plans.

In addition to its prime location, the luxury apartments will also feature efficient floor plans with upgraded kitchens, bathrooms and appliances and numerous amenities including a courtyard with heated pool, on-site services and a resident clubhouse featuring a 24-hour fitness center, massage therapists and more. A multi-level garage will offer convenient residential parking.

“We are very excited to bring a new type of rental lifestyle to Flagstaff. The luxury apartments at The Village at Aspen Place will offer the community the only upscale luxury mid-rise apartment option in the market and will take advantage of the tremendous amenities offered by retailers at Aspen Place at the Sawmill,” said Steven Coon, principal for ePartment Communities.

“The walkable environment, New Frontiers Natural Marketplace directly across the street and the shopping and restaurants are but a few of the amenities the location offers. REI’s location across the street further enhances the desirability of the location. No other housing location in Flagstaff will offer the conveniences our residents will enjoy.”

Apartments are expected to be available starting in spring 2015.

“RED continues to exhibit itself as an outstanding corporate partner who is bringing stores to Flagstaff that match our community,” said Kevin Burke, Flagstaff city manager. “We look forward to the opening of REI and the introduction of mixed use development in the heart of the Sawmill development.”

About Aspen Place at the Sawmill Aspen Place currently features 68,000 SF of retail and restaurants and ultimately will include a total of 135,000 SF when all phases are fully built.

Anchored by New Frontiers Natural Marketplace, the mixed-use retail project today includes Chico’s, Cultured Yogurt and Coffee House, Flagstaff Face & Body, Flagstaff Jean Co., Pita Jungle, Someburros and Wildflower Bread Company.

Aspen Place ultimately will combine residential, national and local shops, boutiques, cafes, sit-down and fast-casual dining and services. The project’s design mirrors the architectural vernacular of Flagstaff, connecting with the area’s historic mining and lumber industries through use of stone veneer, timber posts and beams, pitched roofs, metal awnings and canopies.

Aspen Place at the Sawmill is located at Butler Ave. and Lone Tree Rd.

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The Residences at CityScape Rising Amid the Downtown Phoenix Skyline

 

RED Development is bringing the final phase of CityScape into focus as it begins construction on 224 residential apartments atop the newly opened Hotel Palomar — The Residences at CityScape.

The project marks completion of the $500M mixed-use destination after seven years of development.

Earlier this year, RED began construction on the 14-story apartment tower that includes studio, one-bedroom, two-bedroom plus den floor plans. There will be 23 penthouse units that grace the top floors.

Residents will have 24-hour access to the services of Hotel Palomar, including housekeeping, in-room dining by Blue Hound Kitchen & Cocktails, concierge, valet parking, business center and laundry services.

The design of the residences will enhance the existing architectural palate and will provide a contemporary urban experience. Each residence will have a view of Downtown Phoenix overlooking the city skyline and the mountains beyond.

Phoenix-based Alliance Residential Company is working with RED Development on the design and construction aspects of the residential development; upon completion, Alliance will lease and manage the 224 residential apartments.

Hunt Construction is the general contractor and SmithGroup is the architect. Subcontractors include Jen Electric, Suntec Concrete, Maloney Plumbing and Walters and Wolf.

 

Dark Star Orchestra

Concerts Take The Center Stage At Musical Instrument Museum In April

Musical Instrument Museum marks the start of a series of events focusing on concerts, bringing performances by local and national artists to the Valley.

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Mini Music Makers Series
Mondays and Wednesdays in April (1, 3, 8, 10, 15, 17, 22, 24)
9:30-10 a.m. for children ages 0-18 months
10:15-10:50 a.m. for children ages 18 months-3 years
11-11:45 a.m. for children ages 3-5 years
Tickets: $12 per class or $40 for all four
Introduce your child to the wonderful world of music! MIM’s Mini Music Makers Series, an early childhood music-education program, aims to enrich children’s lives by providing a safe, interactive and engaging environment for children to explore a variety of music from around the world. Each class is structured around developmentally appropriate activities for children to interact with and create their own music. This session’s classes will focus on the sights and sounds of African music. Reservations required. To reserve a space, please contact Annabel Rimmer at 480-245-6919 or grouptours@MIM.org.

 

 

Dark Star Orchestra: Continuing the Grateful Dead Concert Experience
Monday, April 1, 7 p.m.
Tickets: $36.50-$39.50
Performing Grateful Dead classics in the same way that an orchestra interprets music of classical composers, Dark Star Orchestra selects from among the nearly 2,500 shows that the Grateful Dead performed during their 30-year tenure as fathers of improvisational rock. The composer spirit is derived and channeled as the musicians capture the excitement and innovation of the original performances and compositions. On most performances, Dark Star Orchestra presents the complete original set list, song by song and in consecutive order, while adapting their phrasing, voice arrangements, and specific musical equipment for the various eras of the Grateful Dead shows that they perform.

Colin Hay
Tuesday, April 2, 7 p.m. (SOLD OUT)
Wednesday, April 3, 7 p.m.
Tickets: $34.50-$39.50
Colin Hay wrote some of the quirkiest pop hits of the early 1980s as the principal songwriter of the Australian-based Men at Work (“Down Under,” “Overkill,” “Who Can It Be Now?”), which became an international pop sensation, seemed to dominate early MTV, and garnered a Grammy Award for Best New Band. As the band’s guitarist and lead singer, Hay’s voice and appearance are still familiar to millions. The past 20 years have found him quietly yet tenaciously reintroducing himself to new generations of fans. In the process, he’s become a respected songwriter whose stage humor and storytelling are nearly as renowned as his music. He’s now enjoying life as a masterful writer and vocalist who is at the peak of his craft.

Alpin Hong
Friday, April 5, 7:30 p.m.
Tickets: $37.50-$42.50
Whirlwind American tours and performances across the globe have earned pianist Alpin Hong the reputation as a modern-day Pied Piper. His combination of stunning technique, emotional range, and rare humor continues to bring audiences young and old to their feet. The New York Times lauded his “crystalline energy . . . clear and persuasive ideas . . . and remarkable breadth of coloration,” and called him “a pianistic firebrand” in a review of his standing-room-only New York recital debut at Carnegie Hall’s Weill Recital Hall.

Arizona Opera Up Close Series: Double Entendre
Thursday, April 11, 7 p.m.
Tickets: $37.50-$42.50
Enjoy this rare opportunity to hear the two lead couples from both casts of “The Marriage of Figaro” as they share the spotlight on stage for one night only at the MIM Music Theater. With an impressive collection of debuts and accolades spanning the globe, the quartet will perform from their signature operatic roles and other selections from a variety of genres. Featuring Sari Gruber, Jo駘le Harvey, Jason Hardy, and Daniel Okulitch with Arizona Opera Head of Music Allen Perriello on piano.

MIM Homeschool Day: Compass Guided Tour and Signature Workshop (West African Percussion and Dance)
Monday, April 15
Tickets: $10 per student, $10 per chaperone above the 1:5 ratio
Led by docents, this exciting “trip around the world” introduced students to the diversity of the world’s musical traditions, ranging from an Indonesian gong workshop to a re-created workshop featuring Martin acoustic guitars. Students learn ways that instruments have changed over time, as humans move around the globe and interact with each other. Content and curriculum align with Arizona State Standards in science, social studies, and music education. Students will also participate in a Signature Workshop on West African Percussion and Dance where they will be introduced to different drumming styles and traditions from several cultural groups in Ghana, Mali and Guinea. Students will play along using the djembe, agogo double bell and shekere. There will also be a family-friendly menu available at the MIM Caf・ Best for grades 3‒12. To register, please contact Annabel Rimmer at 480-245-6919 or grouptours@MIM.org.

I Am AZ Music: The Best of the Valley: Open Mic Showcase
Tuesday, April 16, 7 p.m.
Tickets: $10
Featuring Andrew Duncan Brown, Ruca (Haley Grigaitis), Tim Allyn, Amanda Morgan and Jason Messer for an evening of local and diverse music.

Bang a Gong: Balinese Gamelan Workshop Series
Saturday, April 20, 10:30 a.m.
Tickets: $12 per class ($10 per class when purchased with museum admission)
Learn to play a gong – and all the other instruments that make up the sounds of a Balinese gamelan at MIM’s workshop! Led by assistant curator Colin Pearson, these bimonthly workshops include an introduction to Indonesian culture and music and easy lessons to play authentic Balinese instruments. No experience is required, and musicians and non-musicians alike will enjoy this unique musical form, so come join us! Please note that each workshop is an introductory class but participants are welcome to register for more than one session and hone their musical skills. Best for ages 8 and older. To register, please contact Annabel Rimmer at 480-245-6919 or grouptours@MIM.org.

The Klezmatics
Sunday, April 21, 7 p.m.
Tickets: $39.50-$47.50
The Klezmatics take one of the wildest approaches to klezmer, the traditional dance music of Eastern European Jews. Although their music is heavily influenced by the recordings of Abraham Ellstein and Dave Tarras in the 1940s and 1950s, their lyrics comment on a wide variety of political and social issues and have led the group to be labeled “the planet’s radical Jewish roots band.”

I Am AZ Music: Local Singer-Songwriters in the Round
Tuesday, April 23, 7 p.m.
Tickets: $15
Five Arizona singers sitting on stage trading stories and songs. It’s like being invited into the living room with some of Arizona’s best musical talent. Featuring Hans Olson, Walt Richardson, Jesse Valenzuela and the Zubia Brothers.

MIM Musical Interludes Series Featuring ASU: French Chamber Music
Wednesday, April 24, 10:30 a.m.
Tickets: Free with museum admission or $7 performance only
Elizabeth Buck, playing flute, with Lynne Aspnes, playing harp, will perform both delightful and triumphant French chamber music in honor of “La Marseillaise,” national anthem of France, which was composed on April 24, 1792.

Molly Ringwald
Wednesday, April 24, 7 p.m.
Tickets: $37.50-$42.50
American actress, singer, dancer, and author Molly Ringwald is frequently named the greatest teen star of all time. The daughter of jazzman Bob Ringwald and the leader of the Great Pacific Jazz Band, Ringwald, will soon be releasing her new CD featuring the talents of Clayton Cameron (Tony Bennett, Nancy Wilson, B.B. King) Winston Byrd (Natalie Cole, Roy Hargrove, Charles Tolliver), Trevor Ware (Hubert Laws, Jimmy Heath) and Allen Mezquida (Brad Mehldau, Bill Charlap).

Music In Motion: Dry River Yacht Club
Thursday, April 25, 6-8:30 p.m.
Tickets: Free with museum admission or $7 performance only
Groove to the sounds of Arizona under the stars and take a musical journey around the world in MIM’s galleries! The last thing one would think of when it comes to Arizona would be yacht clubs. Yet, in the heart of the Valley of the Sun, the dry riverbed of the Salt River winds its way through the metropolis. If you follow it east, straight to the waters of Tempe Town Lake, a yacht club most certainly exists: the Dry River Yacht Club (DRYC). The band, using no amplification, plays an eclectic mix of instruments, including a bassoon, violin, tuba, accordion, acoustic guitar, and bass clarinet, to create a unique combination of gypsy, Western, folk and rock music.

Hayes Carll
Thursday, April 25, 7:30 p.m.
Tickets: $19.50-$24.50
Texas singer and songwriter Hayes Carll received his first guitar at age 15 and almost immediately began writing songs, influenced by the likes of Bob Dylan, John Prine, Kris Kristofferson, Dead Poets Society and the Beat novels and writings of Jack Kerouac, all of which continued to reverberate in his mature songwriting style. In 2002, he signed with Compadre Records and released his debut album “Flowers and Liquor,” which garnered him favorable comparisons to Townes Van Zandt. His song “Another Like You” was named #1 on AmericanSongwriter.com’s Top 50 Songs of 2011, and is now firmly established in the Van Zandt/Guy Clark/Ray Wylie Hubbard style of maverick country-folk.

Vladimir Pleshakov & Elena Winther: Rachmaninoff Anniversary Concert
Friday, April 26, 7:30 p.m.
Tickets: $27.50‒$37.50
Vladimir Pleshakov and Elena Winther, husband-and-wife pianists, have been hailed by the Russian press as “European heirs to the great Russian pianistic tradition.” Playing two nine-foot Steinway pianos, they will masterfully convey the history, drama and passion of the last great romantic composer.

Get the Beat! World Drumming Series: Rhythms of the Middle East
Saturday, April 27, 2:30‒3:30 p.m.
Tickets: $12 per class (museum admission may be purchased separately)
Join the circle and get the beat! Each month, Frank Thompson, founder of AZ Rhythm Connection, offers a chance to experience community drumming for all levels, from absolute beginners to enthusiastic professionals. Each fun, relaxing and family-friendly session will highlight a new culture or genre, plus provide plenty of time for making music and jam sessions. Guest artists and MIM curators will stop in to demonstrate or share information about instruments, cultures or rhythms. Bring your own drum or use one provided. To register, please contact Annabel Rimmer at 480-245-6919 or grouptours@MIM.org.

 

SkySong

Innovation unites Arizona’s economic engines

When Arizona became a state 100 years ago, it was easy to identify its economic engines, those industries, innovators and locations that drove the state’s economy and employment.

They all started with C — copper, cotton, citrus, cattle and climate.
A decade later, it’s not so easy.

“We must find ways to diversify our economy, including investing in bioscience and technology, health science and innovation,” Phoenix Mayor Greg Stanton says. “We are coming out of the recession, and we need to move forward in a strategic way.”

Today’s economic engines are doing just that. They innovate, they collaborate, and the only one that starts with C is CityScape, and the only copper you’ll find there is Copper Blues Rock Pub and Kitchen and the cotton is at Urban Outfitters.

But today’s economic engines have to clear vision and direction for driving Arizona’s economy during its second century.

The Biodesign Institute at ASU
What it is: The Biodesign Institute at ASU addresses today’s critical global challenges in healthcare, sustainability and security by developing solutions inspired from natural systems and translating those solutions into commercially viable products and clinical practices.
Economic impact: The Biodesign Institute has met or exceeded all of the business goals set in mid-2003 by attracting more than $300 million in external funding since inception, and generating more than $200 million in proposals advanced in 2011 alone.
Companies it has helped grow: Licensed next-generation respiratory sensor technology to a European medical device developer; executed an exclusive license agreement for DNA sequencing technology to Roche, which includes a sponsored research agreement to develop devices in collaboration with Roche and IBM; and launched two Biodesign Commercial Translation companies.
Latest news: Led by electrical engineer, Nongjian Tao, ASU researchers have formulated a new sensor technology that will allow them to design and create a handheld sensor that can contribute to better diagnosis of asthma.
Michael Birt, director of the Center for Sustainable Health at the Biodesign Institute at ASU: “By establishing biosignatures centers, we hope to build a global network that will provide the scale necessary to overcome scientific limitations while creating a global platform to share methods, results and experiences.”

CityScape
What it is: A highrise mixed-use development in Downtown Phoenix consisting of residential, retail, office, and hotel components. The project covers three downtown Phoenix city blocks and is located between First Avenue and First Street, and between Washington and Jefferson streets.
Economic impact: Officials credit the evolution of Downtown Phoenix — led by CityScape — with helping the Valley land the 2015 Super Bowl, which will bring an economic impact of an estimated $500 million.
Companies it has helped grow: In addition to entertainment venues and top-notch restaurants, business leaders calling CityScape home include Alliance Bank, Cantor Law Group,  Fidelity Title, Gordon Silver, Gust Rosenfeld, Jennings, Strouss and Salmon, PLC, Polsinelli Shughart, RED Development, Squire Sanders and UnitedHealthcare.
Latest news: The 250-room boutique hotel, Hotel Palomar Phoenix by Kimpton, opened in June.
Jeff Moloznik, general manager, CityScape:  “The most progressive and entrepreneurial talent in the Valley have convened at CityScape. The impact our tenants’ businesses have brought to Downtown Phoenix is noticeable and significant. In an area that once lacked a central core, there is now energy, creativity, enterprise and excitement all day, every day in once central location.”

Intel

What it is: Intel is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices.
Economic impact: Since 1996, Intel has invested more than $12 billion in high-tech manufacturing capability in Arizona and spent more than $450 million each year in research and development. Intel is investing another $5 billion in its Chandler site to manufacture its industry-leading, next-generation 14 nanometer technology.
Companies it has helped grow: Intel has been a catalyst for helping to create Chandler’s “tech corridor,” which includes Freescale, Microchip Technology, Orbital Sciences, Avnet, Amkor, and Marvell Technologies.
Latest news: Intel and ASU’s College of Technology and Innovation (CTI) are developing a customized engineering degree for some of the chip maker’s Arizona-based employees. The program is based on CTI’s modular, project-based curriculum and upon completion will provide a Bachelor’s of Science in Engineering degree from ASU, with a focus in materials science.
Chandler Mayor Jay Tibshraeny: Intel likes the partnership it has with Chandler, likes doing business in Arizona, and they’re a very good corporate citizen.”

Phoenix Mesa-Gateway Airport

What it is: Formerly Williams Gateway Airport (1994–2008) and Williams Air Force Base (1941–1993), it is a commercial airport located in the southeastern area of Mesa.
Economic impact: The airport helped generate $685 million in economic benefits last year, and the airport supports more than 4,000 jobs in the region.
Companies it has helped grow: Able Engineering & Component Services, Cessna, Hawker Beechcraft, Embraer, CMC Steel, TRW Vehicle Safety Systems Inc..
Latest news: The Airport Authority’s Board of Directors announced Monday the airport will undergo a $1.4 billion expansion. There is also an effort to privately raise $385 million to build two hotels and office and retail space near the airport.
Mesa Mayor Scott Smith: “Phoenix-Mesa Gateway Airport has gone through tremendous growth and expansion and has truly arrived as a major transportation center in the Valley.”

SkySong

What it is: A 1.2-million-square-feet mixed use space that gives entrepreneurs and innovators the resources they need  to grow and thrive, and provide them an exceptional home for when their businesses begin to take off.
Economic impact: Projected to generate more than $9.3 billion in economic growth over the next 30 years, according to an updated study by the Greater Phoenix Economic Council.
Companies it has helped grow: Emerge.MD, Channel Intelligence, Adaptive Curriculum, Alaris, Jobing.com/Blogic, webFilings.
Latest news: Jobing, an online company that connects employers and job seekers nationally, relocated its corporate headquarters from Phoenix to SkySong.
Scottsdale Mayor Jim Lane: “It is hard to think of a business attraction initiative the city has recently used that has not mentioned SkySong as a major attribute. SkySong has a national reputation and as it grows it will continue to elevate Scottsdale’s standing.”

Talking Stick

What it is: This economic engine encompasses a complex that includes the 497-room Talking Stick Resort, Courtyard Marriott Scottsdale Salt River, Casino Arizona at Talking Stick Resort, Talking Stick Golf Club, and Salt River Fields at Talking Stick, the spring training home of the Colorado Rockies and Arizona Diamondbacks.
Economic impact: Salt Rivers Fields аt Talking Stick accounted fоr 22 percent оf the the attendance for Cactus League baseball, which generates more thаn $300 million а yeаr іn economic impact tо the greater Phoenix metropolitan area economy.
Companies it has helped grow: In 2011, nearby Scottsdale Pavilions — which features 1.1 million square feet of select retail and mixed-use properties — became The Pavilions at Talking Stick. Pavilions has added Hobby Lobby, Mountainside Fitness, Buffalo Wild Wings and Hooters.
Latest news: Salt River Fields at Talking Stick will be one of the ballparks selected to host the first round of the 2013 World Baseball Classic in the spring.
David Hielscher, advertising manager, Casino Arizona and Talking Stick Resort: “Our property’s diverse, entertainment-driven culture and convenient locations allow us limitless opportunities for future expansion and development.”

Translational Genomics Research Institute

What it is: TGen is a non-profit genomics research institute that seeks to employ genetic discoveries to improve disease outcomes by developing smarter diagnostics and targeted therapeutics.
Economic impact: TGen provides Arizona with a total annual economic impact of $137.7 million, according to the results of an independent analysis done by Tripp Umbach, a national leader in economic forecasting.
Companies it has helped grow: TGen researchers have collaborated with Scottsdale Healthcare, Virginia G. Piper Cancer Center, Mayo Clinic, Ascalon International Inc., MCS Biotech Resources LLC, Semafore Pharmaceuticals Inc., Silamed Inc., Stromaceutics Inc., SynDevRx Inc., and Translational Accelerator LLC (TRAC). and many others.
Latest news: When TGen-generated business spin-offs and commercialization are included,  Tripp Umbach predicts that in 2012 TGen will produce $47.06 for every $1 of state investment, support 3,723 jobs, result in $21.1 million in state tax revenues, and have a total annual economic impact of $258.8 million.
Michael Bidwill, president of the Arizona Cardinals: “TGen is one of this state’s premier medical research and economic assets, and is a standard-bearer for promoting everything that is positive and forward-looking about Arizona.”

University of Arizona’s Tech Park

What it is: The University of Arizona Science and Technology Park (UA Tech Park) sits on 1,345 acres in Southeast Tucson. Almost 2 million square feet of space has been developed featuring high tech office, R&D and laboratory facilities.
Economic impact: In 2009, the businesses that call Tech Park home had an economic impact of $2.67 billion in Pima County. This included $1.81 billion in direct economic impacts such as wages paid and supplies and services purchased and $861 million in indirect and induced dollar impacts. In total, the Tech Park and its companies generated 14,322 jobs (direct, indirect, and induced).
Companies it has helped grow: IBM, Raytheon, Canon USA, Citigroup, NP Photonics, and DILAS Diode Laser.
Latest news: A 38.5-acre photovoltaic array is the latest addition to the Solar Zone technology demonstration area at Tech Park. Power generated from the facility will be sold to Tucson Electric Power Co., providing power for  about 1,000 homes.
Bruce Wright, associate vice president for University Research Parks:  “By 2011, the park had recaptured this lost employment (resulting from the recession) with total employment increasing to 6,944. In addition, the number of tenants had expanded from 50 to 52 reflecting the addition of new companies in the Arizona Center for Innovation and the development of the Solar Zone at the Tech Park.”

rsz_palomar_jim_and_brett

ULI's UrbanPlan Program Teaches High School Students Importance of Community Building

Leaders from RED Development and ULI Arizona hosted nearly 25 Desert Vista High School students for an afternoon of hands-on learning with the Valley’s real estate best.

The students represented the winning teams of ULI Arizona’s UrbanPlan program, a realistic, engaging, and academically demanding classroom-based curriculum in which students learn about the fundamental forces that affect land use and real estate development.

“These students are tomorrow’s voters, neighbors, leaders, colleagues and public officials,” said Jim Belfiore, UrbanPlan Chair and president of Belfiore Real Estate Consulting. “Urban Plan teaches the critical tools they need to understand the importance of community building.”

As a part of the curriculum, the students explored the thriving urban community of CityScape and its development path. The project case study allowed students to experience the challenging issues, private and public sector roles, complex trade-offs, and fundamental economics that arise in real estate development.

“The tour of CityScape provided students the opportunity to hear details of the process through the perspective of the very people who planned and constructed CityScape,” said Brett Heron, Vice President of Finance for RED Development. “One-on-one time with the city’s experts in development gives them the hands-on experience that will benefit them far into the future.”

UrbanPlan is developed for high school juniors and seniors in economics and government classes.  Student development teams respond to an RFP to redevelop a 5 1/2-block site from a mythical city.

Since its inception, ULI’s UrbanPlan program has reached more than 20,000 high schools and universities across the country since 2003 and in October of 2010, The George Lucas Educational Foundation selected UrbanPlan as one of only 20 programs in the U.S. for grades K-12 in its “What Works in Education Series.”

RED Development, a commercial real estate company and the developer of CityScape,  hosted the event for the winners and was the primary UrbanPlan program sponsor this year.

 

power center

Cole Real Estate Investments And RED Development Acquire Macerich's Interest In Arizona Power Centers

Cole Real Estate Investments and RED Development today announced the acquisition of Macerich’s interests in two retail power centers located in Chandler.

In a related transaction, Cole acquired 100% ownership of a third power center in Gilbert. The transaction value for all three properties is $100.55M.

As part of an ongoing joint venture, Phoenix-based partners Cole and RED Development are acquiring Macerich’s 50% ownership interests in the Chandler Festival and Chandler Village Center for $31M and $14.8M, respectively, for a total purchase price of $45.8M. RED will serve as onsite property manager and leasing agent for both properties.

Additionally, Cole is acquiring 100% ownership of SanTan Marketplace in Gilbert for $54.8M from Macerich and its investment partner. RED will also act as the leasing agent on this shopping center, while Cole will handle day-to-day property management.

All three assets are considered premier “power” shopping centers within the Southeast Valley submarket, and boast numerous creditworthy tenants with long-term leases.

“These power centers are all primary retail destinations in the Southeast Phoenix trade area and capitalize on the synergy and traffic of nearby regional malls,” said Thomas W. Roberts, executive vice president and head of real estate investments at Cole. “Each of these properties is anchored by nationally recognized, creditworthy retailers contributing solid fundamentals to our portfolio of core retail assets.”

“We are pleased to grow our portfolio to include Chandler Festival and Chandler Village Center, two high-quality, high-performing assets located in a very strong market where RED has developed three retail properties,” said Mike Ebert, managing partner at RED. “We look forward to applying RED’s extensive leasing, management, development and marketing experience to position both assets for future success as we continue to investigate similar acquisition opportunities as part of our joint venture.”

Cole was represented internally by Chuck Vogel, senior vice president, real estate joint ventures, and Clint Marchuk, senior director of acquisitions. RED was represented by Barry Shannahan, vice president of acquisition and development at the firm.

The Cole-RED joint venture, announced in September 2011, brings together Cole’s conservative investment strategy and capital markets access, with RED’s industry-leading in-house leasing, management and development capabilities. The primary acquisition target is high-quality, multi-tenant retail properties, including power centers and grocery-anchored shopping centers, with upside potential through the implementation of asset management and capital improvement programs to reposition the properties and maximize operational efficiencies. The joint venture of the two Phoenix-based firms is targeting investments in the $15M to $100M range, primarily in the Midwest and Western United States.

The Shops At Prescott Gateway - AZRE Magazine November/December 2011

Retail: The Shops At Prescott Gateway

The Shops At Prescott Gateway

The Shops At Prescott Gateway - AZRE Magazine November/December 2011Developer: RED Development
General contractor: Double AA Builders
Architect: Butler Design Group
Location: SWC Highway 69 and Lee Blvd., Prescott
Size: 40,500 SF

The $8M retail center is planned for up to 40,000 SF of restaurants, shops and services, including a Trader Joe’s.

NAIOP Arizona's Developing Leaders - AZRE Magazine September/October 2011

NAIOP Arizona’s Developing Leaders Pairs Veterans With Young Professionals

NAIOP Arizona’s Developing Leaders mentoring program designed to pair veteran and young CRE professionals to bolster the industry

For a group that has yet to commemorate its first class, NAIOP Arizona’s Developing Leaders mentoring program has some fairly heady goals.

That’s evident by its mission statement:

* To Improve the communities in which we develop, build, and broker commercial real estate;

* To Impact the careers of young real estate professionals through educational development, and exposure to pertinent topics;

* To Instill the knowledge, values, and expertise of today’s industry leaders in developing leaders;

* To Influence the professional growth of developing leaders by fostering valuable long-term relationships with industry peers.

NAIOP Arizona’s Developing Leaders mentoring program is relatively new to the Arizona chapter, although it’s been around for awhile nationally — where it has been successful.

“It was a natural evolution,” Clay Wells, a co-liaison on the NAIOP Arizona board of directors and director of business development at McShane Construction Company, says about implementing a mentoring program. “The first year we were involved with getting our feet wet. The second year we tried to make it grow by working on charitable events.”
Now in its third year, it’s time to get the ball rolling.

“The program will bring the best elements of the entire membership together,” says NAIOP Arizona president and CEO Tim Lawless. “It will create synergy with older more experienced people and younger up-and-coming members.”

The goal is for those in the commercial real estate industry to help provide protégés with insight on how to become successful, says Nate Goldfarb, an associate at CBRE and co-chair of the mentoring program.

The program will be comprised of 10 highly experienced industry professionals as mentors, each paired with two protégés who are existing developing leaders under the age of 35.

Other chapters have had mentoring programs for several years, with those in San Diego and Colorado boasting some of the strongest programs, according to Wells.  “We looked at other chapters and tried to steal the best details,” he says.

Lawless will be involved in the final mentor screening process and says he will be looking for the best and brightest people who are experts in their niche and would bring the most to the table.

Protégés will be selected based on application information and not on personality, says Wells, who is part of the selection committee that is made up of five to six board members.
Initially an email survey was sent out to all developing leader candidates to probe interest and to determine which industries members would like mentors from, Goldfarb says.

“There was a strong response from potential protégés and response from prospective mentors was phenomenal, particularly senior members,” Goldfarb says.

“We’re looking for an Icon,” says Lawless, adding that NAIOP Arizona’s membership has an excellent crop of mentor candidates such as Keith Earnest from RED Development and NAIOP chairman Mike Haenel of Cassidy Turley BRE Commercial.

When protégé and mentor are paired they will meet at least once a month for 10 months.
“There will be a lot of active listening to the mentor who has already walked the path,” Goldfarb says.

The inaugural class function will be held this fall and will be a black tie event, according to Goldfarb.

“We want to make events special for protégés so that they are impressed by the mentor, the program and the events.”

[stextbox id=”grey”]For more information about the NAIOP Arizona’s Developing Leaders mentoring program, visit www.naiopaz.org/dl.[/stextbox]

AZRE Magazine September/October 2011

 

CityScape, Phoenix, Ariz. - AZ Business Magazine May/June 2011

New Retail And Restaurants To Attract People To Dowtown Phoenix

With the opening of CityScape at One E. Washington St., Downtown Phoenix now has an urban-style, mixed-use development where people can eat, shop, meet friends after work, relax at a boutique hotel, and even blow off some steam at the gym or roll a few frames at a bowling center.

Developers of CityScape envision retail and restaurants as being key to the project’s success. Some of the new downtown businesses include Gold’s Gym, CVS pharmacy, Charming Charlie, Urban Outfitters, Stand Up Live, Five Guys Burger and Fries, and The Arrogant Butcher. Scheduled to open in March 2012 is the 4-star Kimpton Palomar Hotel.

“If you have a comedy club, a couple of bars, a fine dining place, a yogurt shop, a burger place and a taco shop, it gives people more of an incentive to check (CityScape) out,” says Peder Bondhus, manager of Vitamin T, an already established Aaron May restaurant at CityScape.

Part of what CityScape has accomplished is due to its relationship with the Greater Phoenix Convention and Visitors Bureau (GPCVB) and the Downtown Phoenix Partnership.

“The Greater Phoenix CVB has been a relentless touring campaign,” says Jeff Moloznik, RED’s development manager. “We spend a lot of time with them touring prospective delegates to the downtown market and CityScape. They also help us with discussing what amenities are available for those who are considering coming to Phoenix for a convention.”

Moloznik says he believes that the success of downtown as a whole hinges on the collaboration of all of downtown’s stakeholders.

“ASU, the (Phoenix) symphony, Comerica, the sporting arenas, CityScape — we all contribute to what is good about Downtown Phoenix,” he says.

Adding to the mix of retail and restaurants are the Phoenix offices of several major law firms including Polsinelli Shughart, Squire Sanders & Dempsey, and Ballard Spahr. The building also houses Alliance Bank, Fidelity Title and RED Development.

And by the end of the year, UnitedHealthcare of Arizona plans to move 600 of its Valley employees to CityScape.

Restaurants scheduled to open later this year offer diverse meal selections, such as American-style breakfast or lunch at The Breakfast Club, Italian cuisine at The Strand, French favorites at La Crepe Nanou, and Japanese options at Silk Sushi.

“We have the utmost confidence in CityScape and the synergy it’s brought to Downtown Phoenix,” says Kyle Shivers, owner of The Breakfast Club. “We’re a breakfast and lunch venue, and the density and daytime market (in Phoenix) is exactly what we’re looking for.”

The only stumbling block CityScape has experienced so far occurred early this year, when LGO Public House pulled out of the project due to zoning and code restrictions relevant to a wood furnace burner.

 

Arizona Business Magazine May/June 2011

red-awards-2012

2011 RED Awards Winners & Honorable Mentions

On Feb. 22, AZRE hosted the 6th Annual, 2011 RED Awards reception at the Ritz-Carlton in Phoenix to recognize the most notable commercial real estate projects of 2010 and the construction teams involved. AZRE held an open call for nominations and more than 100 architects, contractors, developers and brokerage firms participated in the process. All the winning projects and brokers are featured on the following pages.

View pictures from the 2011 RED Awards.
View the 2011 RED Awards candid shots as well.

2011 winners can order Awards, Plaques & Reprints


The project categories include:

  • Office
  • Industrial
  • Medical
  • Mixed-Use
  • Most Challenging
  • Hospitality
  • Multi-Family
  • Retail
  • Sustainable
  • Redevelopment
  • Public
  • Education
  • Tenant Improvement
PLUS:

  • Developer of the Year
  • Architect of the Year
  • General Contractor of the Year
  • Broker/Broker Team of the Year

Congratulations to all the 2011 RED Awards Winners

Best Hospitality Project, Small:

Winner:

The Phoenician Ballroom Expansion

Best Hospitality Project, Large:

Winner:

Talking Stick Resort

Best Industrial Project:

Winner:

Keller Electrical

Honorable Mention:

Power-One (Phase I & II)

Best Medical Project:

Winner:

Diamond Children’s Medical Center at UMC

Honorable Mention:

Ryan House at St. Joseph’s Medical Center

Best Mixed-Use Project:

Winner:

CityScape

Honorable Mention:

Gila River Indian Community, District One Service Center

Most Challenging Project:

Winner:

Soleri Bridge & Plaza

Honorable Mention:

Maricopa County Security Building

Best Office Project:

Winner:

Chandler City Hall

Honorable Mention:

Mercy Medical Commons

Best Multi-Family Project:

Winner:

Vi at Silverstone

Honorable Mention:

Sagewood, Phase 1

Brokerage Team: Leasing

Winner:

Tom Adelson, Kevin Calihan

Jim Fijan, Jerry Roberts

CB Richard Ellis

Brokerage Team: Sales

Winner:

Tyler Anderson, Sean Cunningham

CB Richard Ellis

General Contractor of the Year:

Winner:

Sundt Construction

Best Retail Project:

Winner:

Mountain Ranch Marketplace

Honorable Mention:

Scottsdale Pavilions – Theater/Food Court Renovation

Most Sustainable Project:

Winner:

White Tank Branch Library & Nature Center

Honorable Mention:

CREST Specialty School

Best Redevelopment Project:

Winner:

Phoenix-Mesa Gateway Airport

West Terminal Expansion Phase I

Honorable Mention:

Cowley Companies Warehouse Office

Best Public Project:

Winner:

Musical Instrument Museum

Honorable Mention:

Randall McDaniel Sports Complex

Best Education Project:

Winner:

Sedona-Oak Creek

Red Rock High School

Performing Arts Center

Honorable Mention:

Mesa Community College Red Mountain Campus

Best Tenant Improvement Project:

Winner:

Lumberyard Tap Room

Honorable Mention:

Polsinelli Shughart

Special Merit:

Winner:

Schuff Perini Climber

Broker – Leasing:

Winner:

Andy Kroot

Velocity Retail Group

Broker – Sales:

Winner:

Eric J. Wichterman

Cassidy Turley BRE Commercial

Developer of the Year:

Winner:

RED Development

Architect of the Year:

Winner:

RSP Architects


Presented by:

APS Solutions Logo
Squire Sanders Logo
CBIZ Logo

AZRE Logo

 

Sponsored by:

D.P. Electric Logo
Weitz Logo
Clark Hill Logo

RED Awards Banner

Best Tenant Improvement Project 2011

Lumberyard Tap Room

Tenant Improvement 2011: Lumberyard TaproomContractor: Loven Contracting
Architect:
Smith Architects
Size:
15,083 SF
Location:
5 S. San Francisco St., Flagstaff
Completed:
May 2010

Located in downtown Flagstaff, the Tap Room was a complete renovation of the historic Copeland Lumber facility. The building was stripped down to the shell and transformed into a 15,083 SF restaurant and brewery. The circa-1890 building sat vacant since the mid-1990s and is the last remaining building from Flagstaff’s lumber era. The original brick perimeter was reconditioned and the entire interior was gutted. The original wood trusses can be seen as one enters the building. The project was awarded intermediate level recognition from the Coconino County Sustainable Buildings Program. Sustainable amenities include a rainwater collection system, passive solar design and 90% of construction waste was recycled or reused.



Honorable Mention: Polsinelli Shughart

Honorable Mention 2011: Polsinelli Shughart, RED DevelopmentDeveloper: RED Development
Contractor:
The Weitz Company
Architect:
Gensler
Size:
60,000 SF
Location:
One E. Washington St., Suite 1000-1200, Phoenix
Completed:
September 2010

RED Awards Banner

Best Mixed-Use Project 2011

CityScape

Best Mixed-Use 2011: CityScape, RED DevelopmentDeveloper: RED Development
Contractor:
The Weitz Company
Architect:
Callison Architecture
Broker:
CB Richard Ellis
Size:
1.12M SF
Location:
One E. Washington St., Phoenix
Completed:
April 2010

CityScape is Downtown Phoenix’s newest, urban mixed-use development. CityScape added needed (and desired) retail uses and jobs in the downtown core and linkages to development on adjacent blocks. The project addresses the significant lack of retail/commercial space in Downtown Phoenix. That need was met through the completion of 200,000 SF of new retail shops. Retail and office space is more than 90% leased in the 28-story building. Tenants include Lucky Strike Lanes, Gold’s Gym, UnitedHealthcare of Arizona, Alliance Bank, Urban Outfitters and Squire, Sanders & Dempsey. Rounding out the mix is the 242-room, 4-Star Kimpton Palomar Hotel, which is scheduled to open later this year. CityScape’s construction includes the use of high-efficiency glass.




Honorable Mention: Gila River Indian Community, District One Service Center

Honorable Mention: Gila River Indian Community, District One Service CenterDeveloper: Gila River Indian Community
Contractor:
W.E. O’Neil Construction
Architect:
DLR Group-KKE
Size:
30,347 SF
Location:
15722 N. Toki Rd., Coolidge
Completed:
June 2010

PTK Top Industry Leaders 2010

People To Know’s Top Industry Leaders Of The Year Announced

AZRE: Arizona Commercial Real Estate Magazine’s latest edition of Top People to Know (PTK) in Commercial Real Estate has just been published, and last night the winners of the PTK Top Industry Leaders were announced at a special event.

PTK showcases the most influential people working in commercial real estate in Arizona in the categories of developers and investors, brokers, architects and engineers, general contractors, sub-contractors, financiers and accountants, attorneys, city planners, property managers, and economic developers.

A committee of CRE professionals and the editorial staff of AZRE picked the people profiled in the 2010-2011 edition of PTK. Of those selected to be in the publication, the committee chose one person in each category as a Top Industry Leader.

A full profile on each of the Top Industry Leaders will be published in the January/February edition of AZRE.

Developers &Investors  Mike Ebert Managing Partner, Development RED DevelopmentDevelopers &Investors

Mike Ebert
Managing Partner, Development
RED Development



Brokers  Mike Haenel Executive Vice President Cassidy Turley | BRE CommercialBrokers

Mike Haenel
Executive Vice President
Cassidy Turley | BRE Commercial



Architects & Engineers  John F. Kane, AIA Partner ArchitektonArchitects & Engineers

John F. Kane, AIA
Partner
Architekton


General Contractors  Bryan Dunn, LEED AP Senior Vice President Adolfson & Peterson ConstructionGeneral Contractors

Bryan Dunn, LEED AP
Senior Vice President
Adolfson & Peterson Construction


Sub-Contractors  Tim Drexler President & CEO Ace Asphalt of ArizonaSub-Contractors

Tim Drexler
President & CEO
Ace Asphalt of Arizona


Financiers & Accountants  Mark Winkleman Chief Operating Officer ML ManagerFinanciers & Accountants

Mark Winkleman
Chief Operating Officer
ML Manager


Attorneys  Jordan Rich Rose Founder & President Rose Law Group pcAttorneys

Jordan Rich Rose
Founder & President
Rose Law Group pc


City Planners  Chris Anaradian Community Development Director City of TempeCity Planners

Chris Anaradian
Community Development Director
City of Tempe


Property Managers  Afton Trail Managing Director CB Richard EllisProperty Managers

Afton Trail
Managing Director
CB Richard Ellis


Economic Developers  Barry Broome President & CEO Greater Phoenix Economic CouncilEconomic Developers

Barry Broome
President & CEO
Greater Phoenix Economic Council

Kimpton Palomar Hotel at CityScape - AZRE November/December 2010

Hospitality: Kimpton Palomar at CityScape


KIMPTON PALOMAR AT CITYSCAPE

Developer: RED Development
Architect: Callison
Location: 2 E. Jefferson St., Phoenix
Size: 225,000 SF

The $80M, 240-room boutique 4-star hotel is scheduled for completion 4Q 2011. The hotel will feature a 3rd level pool deck overlooking US Airways Center, and will serve as an integrated component to the overall CityScape project in Downtown Phoenix.

AZRE November/December 2010