New to Market: 6 projects you need to know

Above: The Westin Tempe is being developed at 11 E. Seventh St., Tempe and will include 290 rooms. (Provided photo) Retail | 9 May |

In each issue of AZRE magazine, we feature six New to Market projects you need to know about.  

This issue’s projects feature upcoming hospitality, retail and multifamily projects that are sure to bring new excitement to the communities they’re being built within.  

If you know of a significant project that will be completed or will break ground in Arizona soon, then submit your project submissions to AZRE Associate Editor Steve Burks at Steve.Burks@azbigmedia.com to be considered for a “Project Spotlight.” More details for submitting is at the bottom of this story.   

Westin Tempe  

Developer: CAI Investments  

Manager of syndication: Pinnacle Fund Management   

General contractor: TBA  

Architect: RSP Architects  

Entitlements: Sender Associates  

Location: 11 E. Seventh St., Tempe  

Size: +/-212,000 SF, 18 stories, 290 rooms  

Value: $100 million  

Start: February 2018  

Completion: Third quarter of 2019  

Downtown Tempe will be getting a little denser with the addition of the Westin Tempe between Mill and Myrtle avenues. The Westin Tempe will feature state-of-the-art guest rooms, 14,000 square feet of convention space and meeting rooms and a rooftop pool lounge. The hotel has been designed in a modern and sleek way and will have amazing deluxe suites, a coffee shop and a full-service restaurant.   

Holiday Inn Express and Home 2 Suites   

 

Developers: FHI Group, LLC and Granite Hospitality   

General contractor: Canyon Building & Design   

Location: 44th Street, just south of Loop 202   

Size: Holiday Inn Express is four stories and 128 rooms; Home 2 Suites is four stories and 119 rooms  

Start: March 2018  

Completion: Spring of 2019  

These two hotels are being developed near Sky Harbor International Airport. The properties are being built on a four-acre plot of land near other hotels that are located by the airport.   

YAM Circle  

Developer: YAM Properties  

General contractor: hardison/downey construction   

Brokerage: YAM Properties  

Size: 17,800 SF  

Location: Hayden Road and Northsight Boulevard, Scottsdale  

Start: February 2018  

Completion: October 2018  

The first project Bob Parsons’ YAM Properties is building and developing from the ground up, YAM Circle will be a shopping and dining hub in North Scottsdale. The property will be anchored by State 48 Barrel & Lager House, a locally owned brewery. At full buildout, YAM Circle will have another 4,200-square-foot restaurant, an 800-square-foot drive thru pad and 5,000 square feet of retail space.   

Pearl Biltmore  

Developer: The Morgan Group  

General contractor: hardison/downey construction  

Architect: CCBG Architects  

Subcontractors: Blount Contracting, Hardrock Concrete, Hayes Mechanical, Ridgeline Framing, Coreslab, Hayden Electric, Stehl Corp, Re-Create Masonry   

Location: 24th Street and Highland, Phoenix   

Size: 479, 832 SF (472 units)  

Start: March 2018  

Completion: July 2020  

This multifamily project will offer studio, one-, two- and three-bedroom units within the renowned Biltmore area. The luxury property will sit on five acres and is located near many spectacular dining options and millions of square feet of Class A office space. When The Morgan Group purchased the property, the developer stated they’re bullish about Phoenix’s population and job growth.   

The Reserve at San Tan  

 

Developer: Orsett Properties   

General contractor: Layton Construction  

Architect: Butler Design Group  

Brokerage: Newmark Knight Frank  

Location: 343 E. Germann Rd., Gilbert  

Size: 145,000 SF  

Start: February 2018  

Completion: Fourth quarter 2018  

Building 6 of the 50-acre office project is underway. Building 6 will consist of two three-story, Class A multi-tenant offices. The building will include first-floor built-out spec suites. The spec suites will come in a variety of sizes and will be designed to house creative office spaces with high-end finishes.   

Maryvale Baseball Park Renovations  

Owner’s representative: International Facilities Group   

General contractor: Mortenson  

Architect: HKS  

Location: 3600 N. 51st Ave., Phoenix  

Size: 82,000 SF  

Value: $60 million  

Start: Late March 2018  

Completion: Spring 2019  

The Cactus League Spring Training home of the Milwaukee Brewers is under renovations that will add a two-story building for new locker rooms, training spaces, retail store and a primary ticket office. A new entry plaza will be made behind home plate to give fans a fresh experience as they enter to watch their favorite teams.   


The best project spotlights submitted are 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 and send the form to Steve Burks 

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) 
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