Wetta Ventures Archives

Redevelopment to bring two new restaurants to Phoenix


Wetta Ventures has purchased a retail building on the southeast corner of Indian School Road and 28th Street in Phoenix, which will be leased by two restaurants as part of an adaptive reuse project. Originally built in the late 1950s, Maple House Furniture currently occupies the 11,000 square-foot building that will be creatively redeveloped and renovated… Read More →

New to Market: July, August 2015

REI Goodyear Distribution Center

RETAIL Crown on 7th DEVELOPER: Buzz Gosnell and Niels Kreipke General Contractor: Alexander Building Company Architect: Brick & West Design Brokerage: Venture REI Location: 7th Street, between Missouri Avenue and Bethany Home Road Size: 18KSF VALUE: $6M redevelopment Start/Completion: November 2014 to summer 2015 MIXED USE CB20 DEVELOPER: Wetta Ventures General Contractor: TBD Architect: Brick… Read More →

Multiple-restaurant project coming to SkySong

by in AZRE Magazine | Featured | New to Market | Retail

Wetta Ventures, Arizona State University Foundation and SkySong, The ASU Scottsdale Innovation Center today will be joint in a partnership to develop a $5 million, multiple-restaurant building at the thriving Scottsdale project. This announcement comes on the heels of Wetta Venture’s successful redevelopment and opening of the Annex (615 S. College) at ASU in Tempe,… Read More →

Wetta Ventures redevelops prime Camelback Corridor site

Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade. Caldwell & Ober law firm currently occupies the 12,130 square foot, two-story building that will be redeveloped into retail and… Read More →

Old School O7 sells for $6.1M

OldSchool07, WEB

Joe Compagno of CBRE has sold Old School O7, considered one of the most unique urban infill redevelopment projects in Phoenix. The 9,293-square-foot shopping center commanded a sale price of $6.1 million – or $656 per square foot – and a cap rate of 5.5 percent. The tenants include Starbucks, the Z’Tejas restaurant-concept Taco Guild… Read More →

Snooze will open Tempe location on Dec. 10

Red Velvet pancakes, Courtesy of Snooze

The wait is almost over as, Snooze, an A.M. Eatery will hatch its latest location in Tempe on Wednesday, Dec. 10. Located inside the remodeled ASU Art Annex Building at the intersection of College Avenue and 6th Street (next door to Postino WineCafe), this all-new Snooze will serve up the same beloved menu of chef-crafted,… Read More →

Postino opens newest location in 1950s art studio next month

Postino Annex, Upward Projects

Next Wednesday, Oct. 1, the latest Postino WineCafé location, Postino Annex (615 S. College Avenue) will open in Tempe inside a revamped former art studio just steps away from the ASU campus. Tucked into the historic ASU Art Annex building, this fourth Valley Postino location will help serve as a new gateway to ASU’s main… Read More →

Wetta Ventures purchases office building for $2.075M

1940 Camelback_Photo (2)
by in AZRE Magazine | Brokerage

Phoenix-based Wetta Ventures has acquired a 1967 vintage 12,100 square foot office building located one parcel west of the northwest corner of 20th Street and Camelback Road, with an address of 1940 E. Camelback Road. The property was purchased for $2,075,000 or $171 per square foot in a cash transaction. The seller, Caldwell and Ober… Read More →

The Annex

by in AZRE Magazine | New to Market | Retail

Adaptive reuse of a 1952 school building into a two-restaurant building with large patios adjacent to College Avenue and across the street from the new College Avenue Commons. Developer: Wetta Ventures General Contractor: UEB Builders Architect: Brick & West, LLC and RSP Architects Location: College Avenue and 6th Street, Tempe Size: 7,323 SF Value: $1.2M… Read More →

Wetta Ventures Sells Phoenix Neighborhood Retail Center for $12.2M

Scott Sandler Photographic
by in Brokerage | Business News

Camelback East Shops, a 25,150 SF neighborhood retail center at 3225 E. Camelback Road in Phoenix, has sold for $12.2M or $485 per SF. The sale price posted a cap rate of 5.65%. The Jan. 30 closing was led by David Wetta and Paul Salinas of Wetta Ventures. The buyer was Arizona-based Hannay Realty Advisors… Read More →

Wetta Ventures, ASU to redevelop College Ave.

Rendering courtesy of Brick & West Design and RSP Architects

Wetta Ventures and Arizona State University today announced a partnership to redevelop a portion of College Avenue as part of an adaptive reuse project that includes  the former ASU Annex. Begun in December, the project will convert the Annex, a 7,323 square-foot-building on the corner of College Ave. and Sixth Street next to the Mona… Read More →

'Old School O7' Transforming the Corner of 7th St. and Osborn as an Adaptive Re-Use Project


  Focusing on the desire for authentic development which complements neighborhoods, the collaboration of  Chasse Building Team, RSP Architects and Wetta Ventures broke ground recently at Old School O7, a $2M adaptive re-use and urban in-fill project the corner of 7th St. and Osborn Rd. The existing church built in 1948 will be adapted into… Read More →