There are a lot of cranes operating in Arizona as developers pursue new projects that are creating a more diverse state. Here are six projects that were recently finished or broke ground in Arizona, as seen in the November/December issue of AZRE magazine.
Element Hotel at SkySong
DEVELOPER: Jackson Shaw; Plaza Companies; University Realty, LLC; City of Scottsdale; Holualoa Companies
General Contractor: Layton Construction Company
Architect: Cooper Cary
Location: Scottsdale & McDowell roads, Scottsdale
Size: 99,103 SF; 153 rooms
Value: WND
START/COMPLETION: Q4 2017-Q2 2019
An Element hotel will occupy the southwestern corner of SkySong, The ASU Scottsdale Innovation Center complex, the latest addition to the 42-acre technology and innovation hub. As with everything at SkySong, a particular emphasis will be given to creating a healthy and sustainable environment. The hotel will have extensive green-building features, and guests will be able to enjoy an oversized gym on-site, rental bicycles and a natural saline swimming pool.
Park Central Mall Revitalization
DEVELOPER: Plaza Companies; Holualoa Companies
General Contractor: DPR Construction
Architect: richärd+bauer
Location: Central Avenue & Earll Road, Phoenix
Size: 337,000 SF
Brokerage: Plaza Companies
Value: $57M
START/COMPLETION: Q4 2017–Fall 2018
Plaza Companies and Holualoa Companies recently purchased a significant portion of Park Central Mall for about $57 million. The developers have plans to revitalize the landmark project, through new additions and a rebranding for the facility.
Epicenter
DEVELOPER: Johnston Properties; IPA/Liv Communities
General Contractor: Ryan Companies U.S., Inc.
Architect: Whitneybell Perry
Location: NWC of Ray & Higley roads, Gilbert
Size: 55,000 SF (retail); 287 units (multifamily)
Brokerage: Newmark Knight Frank
Value: $75M
START/COMPLETION: Fall 2017-2019
Johnston Properties envisions Epicenter drawing all of its tenants from across Arizona, including Flagstaff and Tucson. Some of the businesses will be operating for the first time or offering new concepts from existing shops. About half of the estimated 30 tenants will be food-based concepts.
Hub 317
DEVELOPER: Confluent Development; DPC Companies
GENERAL CONTRACTOR: Graycor Construction
ARCHITECT: Ware Malcomb
BROKERAGE: Lee & Associates
LOCATION: 317 S. 48th St., Phoenix
SIZE: 225,000 SF
VALUE: WND
START/COMPLETION: November 2017–Spring 2018
Located at 317 S. 48th St., directly adjacent to Sky Harbor International Airport, HUB 317 will be the newest building providing visibility and direct access to State Route 143, with immediate connectivity to the Phoenix metro area. The airport submarket is experiencing a wave of industrial development due to its central location and the high demand for industrial space in the market.
Great Hearts Academies North Phoenix Campus
DEVELOPER: Great Hearts Arizona
GENERAL CONTRACTOR: Adolfson & Peterson Construction
ARCHITECT: Studio Ma
BROKERAGE: Keyser Co.
LOCATION: 14100 N. 32nd St., Phoenix
SIZE: 93,418 SF
VALUE: $17M
START/COMPLETION: October 2016-August 2017
The new campus represents another step forward for Great Hearts Academies, expanding access for students to benefit from the organization’s mission of providing tuition-free public charter schools focused on a classical, liberal arts curriculum.
Portrait at Hance Park
DEVELOPER: Transwestern Development Company
General Contractor: MT Builders
Architect: Wilder Belshaw
Location: SWC of Third & Willetta streets, Phoenix
Size: 300,000 SF with 341 units (multifamily); 6,000 SF (retail); 138,000 SF (office)
VALUE: WND
START/COMPLETION: June 2017–Q3 2019
Located across the street from the 32-acre Hance Park in Downtown Phoenix, this project is bringing new residences and more to a portion of the downtown area that hasn’t seen a significant investment like this in years. The project includes a mix of everything, including retail, office and multifamily — perfect for those seeking a live, work, play lifestyle.
Know of a significant project that will be completed or will break ground in Arizona soon?
Send your submissions to AZRE Associate Editor David McGlothlin at David.Mcglothlin@azbigmedia.com to be considered for a “Project Spotlight.”
The best project spotlights submitted will then be featured in the latest print issue of AZRE under the “New to Market” section.
All you need to do is fill out and submit a “Project Spotlight Form” along with at least one photo or rendering of the project. The form includes the following:
Project Name
Developer
General Contractor
Architect
Location & City (major crossroads/exact address)
Size (SF)
Brokerage Firm
Value $
Estimated start and completion dates (by month or quarter)
Subcontractors
Project Description (50-100 words)
