Commercial real estate in Arizona is in the midst of an unprecedented run. Even after the pandemic rocked the business community, Arizona’s commercial real estate industry came up with innovative ways to not only survive, but thrive. That kind of cutting-edge innovation is evident in the these 50 commercial real estate projects that you need to know in 2025.
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Arizona State University Tempe District Utility Plant
Project address: 68 10th Street, Tempe Project value: $53 million Project start: February 2023
Project completion: Estimated July 2025 Size: 16,700 square feet Owner: Arizona State University
General contractor: Willmeng Construction Architect: RSP Architects
Details: At 16,700 square feet and nearly 82 feet high, the Arizona State University Tempe District Utility Plant (TDUP) is a critical component of the university’s master plan, addressing the growing demand for efficient energy. Despite the building’s scale, the facility sits on an exceptionally tight site, situated a mere four inches away from the new Herberger Institute for Design and the Arts dormitory.
Bond
Project address: 3200 E. Camelback Rd., Phoenix
Project start: Q2 2023
Project completion: Q4 2024
Size: 287,000 square feet
Developer: George Oliver
General contractor: RSG Builders
Architect: George Oliver Design
Project description: Located in the heart of the Camelback Corridor, Bond encompasses 287,000 square feet in three stories, with one of the local office market’s most extensive amenity packages. This includes a central atrium bordered by office space and extensive conference space spanning a 120-person training room, 14-person conference rooms, individual and group teleconference rooms, day offices, a podcast studio and a library space. Additionally, a 22-person boardroom sits in a glass box overlooking the atrium.
Avondale Police Detention Center
Project address: 50 N. Eliseo C. Felix Jr. Way, Avondale
Project value: $18 million
Project start: June 2023
Project completion: December 2024
Size: 21,811 square feet
Developer: City of Avondale
General contractor: Willmeng Construction
Architect: Perlman Architects of Arizona
Details: The site was selected for its proximity to the both the Avondale Complete Health Resource Center and Old Town, and was already owned by the city. Included in the construction are enhanced safety and security features, a small training area for officers, and growth space for a future K-9 kennel and training area. The modern facility will feature pods for two inmates at a time, and accommodate up to 34 inmates. It will have cells for both men and women.
Banner Scottsdale Medical Center
Project address: Southwest corner of Hayden Rd. and the Loop 101 freeway
Project value: $231 million
Project start: November 2024
Project completion: July 2027
Size: 384,000 square feet
Developer: Banner Health
General contractor: Okland Construction
Architect: SmithGroup
Details: This new, digitally enabled medical center will provide seamless integration with Banner’s ambulatory and virtual sites of care. The four-story, 384,000-square-foot Banner Scottsdale Medical Center is expected to open in 2026 with 106 licensed patient beds and 20 observation beds, along with shelled space for expansion as the community grows.
Buckeye 27
Project address: 1515 S. 27th Ave., Phoenix Project start: September 2023 Project completion: September 2024 Size: 253,498 square feet
Developer: Merit Partners General contractor: Stevens-Leinweber Construction Architect: Butler Design Group
Project description: The property sits on 18 acres at the southeast corner of 27th Avenue and Buckeye Road — a premiere infill address that formerly housed a Murphy Elementary District school campus. Transforming this land from an activated school campus into a developable industrial site required six months of extensive demolition and remediation, including the clearing of 12 existing buildings.
Caliber by Greystar
Project address: 9303, 9451, 9595 N. 79th Ave., Peoria
Project value: $80-$90 million
Project start: April 2023
Project completion: April 2024
Size: 411,918 square feet (three buildings)
Developer: Greystar
General contractor: Layton Construction
Architect: Deutsch Architecture Group
Project description: Just delivered to market, Caliber by Greystar is the first element to complete within Greystar’s $500 million Peoria Place, a master planned project designed to revitalize a central historic infill land site in the heart of Peoria. All three buildings were designed to meet Peoria’s need for a wide range of innovative industrial uses and tenant sizes.
Camelback 303 Logistics Center
Project address: 16395 and 16565 W. Camelback Rd., Goodyear
Project start: September 2023
Project completion: December 2024
Size: 616,100 square feet
Developer: Brookfield Properties
General contractor: Stevens-Leinweber Construction
Architect: Butler Design Group
Project description: In addition to offering the latest in modern industrial building amenities, Camelback 303 Logistics Center comes with a unique strategic twist — expansive trailer and outdoor storage capacity that aligns the project with an intriguing new demand trend: Industrial Outdoor Storage (IOS). Whether created as part of a building project or as a stand-alone asset, IOS is any type of industrial-zoned land that is prepared for the outside storage of industrial or logistics-related items such as trucks, trailers, construction equipment, containers or building materials.
Child Crisis Arizona Center for Child & Family Wellness
Project address: 424 W. Rio Salado Pkwy., Mesa
Project value: $20,500,000
Project start: January 2023
Project completion: Summer 2024
Size: 38,000 square feet
Owner: Child Crisis Arizona
General contractor: CHASSE Building Team
Architect: ART
Project description: The Child Crisis Arizona Center for Child & Family Wellness is a 38,000-square-foot, climate-friendly, net-zero campus that centralizes Child Crisis Arizona operations and serves as the new home to services for low-income children and families, including foster care and adoption services; family education; children’s counseling; health and wellness, basic needs; centralized kitchen and food distribution; centralized administration and philanthropy; foster teen programs; art, dance, and music therapy; and volunteer and staff training.
Crimson Canyon
Project address: 25651 W. Durango St., Buckeye P
Project start: June 2022
Project completion: April 2024
Size: 326,000 square feet
Developer: Crimson Canyon
General contractor: LGE Design Build
Architect: LGE Design Build
Project description: Beyond its freeway convenience, Crimson Canyon enjoys close proximity to Buckeye Airpark, thriving shopping destinations, burgeoning residential developments and the dynamic growth of Phoenix’s West Valley. The leasing to Exxon Mobile before the completion of the project was very beneficial to the client and developer, Crimson Canyon. This will be Exxon’s main distribution center for the entire West Coast, which marks a major investment in the City of Buckeye.
Eastmark Center of Industry
Projewcts address: Located within the Elliot Technology Corridor in Mesa
Project value: $160 million
Project start: December 2022
Project completion: May 2024
Size: 982,720 square feet
Developer: IndiCap
General contractor: Layton Construction Company
Architect: Deutsch Architecture Group
Project description: Spanning 60.5 acres, Phase 1 of Eastmark Center of Industry boasts a total of 982,720 square feet across five state-of-the-art warehouse buildings, each characterized by a single-floor layout to optimize operational efficiency. The construction utilizes a robust concrete slab on grade and tilt exterior walls, complemented by a wood hybrid roof system, incorporating steel joists, girders, and moment frames with 2×6 wood sub purlins and plywood deck.
Echo Park 303
Project address: 9501 N. 151st Ave., Glendale
Project start: September 2022
Project completion: April 2024
Size: 676,176 square feet
Developer: Echo Real Estate Capital
General contractor: LGE Design Build
Architect: LGE Design Build
Project description: Echo Park 303 is a two-building, modern industrial facility in Glendale near the intersection of Northern Parkway and Reems Road. The 676,176-square-foot best-in-class industrial product sits on nearly 40 acres of land — marking the latest addition to the flourishing Loop 303 corridor. HubStarr Logistics signed a 126,075-square-foot pre-lease prior to its completion in June 2023, filling more than half of Building A before expanding to take the rest of the building in April 2024.
Fender at PV
Project address: 4568 E. Cactus Rd., Phoenix
Developer: RED Development
General contractor: Layton
Architect: SmithGroup
Project description: Fender Musical Instruments Corporation will break ground on the 80,000-square-foot, three-story building later this year, which will open to team members in fall 2025. The new building, designed by SmithGroup, will be a dynamic hub for collaboration and will boast an array of cutting-edge facilities, including a dedicated model shop for its guitar and amplifier designers, a state-of-the-art sound room, along with meeting rooms and flexible workspaces strategically designed to foster teamwork and innovation.
Goodyear AirPark
Project address: 14900, 14910, 14980, 15030, 15140, 15150 W. Broadway Rd., Goodyear
Project value: $290 million (Phase 1)
Project start: Q3 2022
Project completion: Q3 2022
Size: 1.6 million square feet Phase 1 (7 million square feet at build-out)
Developer: Lincoln and Harvard Investments General contractor: Stevens-Leinweber Construction Architect: Butler Design Group
Project description: Ultimately totaling up to 7 million square feet and 20 buildings, Goodyear AirPark is the largest industrial park ever to break ground in Goodyear with “enough fiber to power NASA.” Phase I will also include a retail component, with approximately 10,000 square feet of in-line and retail pad opportunities — a unique element for an industrial project, designed to add everyday convenience for park employees and Goodyear residents.
Home2 Suites/Tru by Hilton Hotels
Project address: Central Avenue and Earll Drive, Phoenix
Project value: $55.5 million
Project start: Q4 2022
Project completion: Q3 2024
Size: 105,000 square feet
Developers: Plaza Companies, Holualoa Companies and Fayth Hospitality Group
General contractor: Layton Construction
Architect: PK Architects
Project description: A collaboration between public, private and nonprofit entities is bringing to life two new hotels at Park Central — with extensive community benefits as well. The dual-branded Home2 Suites/Tru by Hilton hotels will add 207 total guest rooms to the Park Central property, spanning five stories and covering 105,000 square feet of space.
HopeTech at EVIT
Project address: 1601 W. Main St., Mesa
Project value: $8,902,000
Project start: June 2023
Project completion: June 2024
Size: 24,807 square feet
Owner: East Valley Institute of Technology (EVIT)
General contractor: CHASSE Building Team
Architect: SPS+ Architects
Project description: HopeTech will be a 24,000-square-foot on-campus apartment-style community and features a two-story, wood frame building with a combination of one and two-bedroom units. The 8 units will allow EVIT to house 64 foster youths between ages 18 to 21. Each unit features a washer, dryer and kitchen and will be within walking distance of the EVIT Bistro, which is operated by EVIT students.
I-10 International
Project address: SEC Alvernon Way and Los Reales Road, Tucson
Project value: $100 million (Phase I)
Project start: Q3 2024
Project completion: Q4 2025
Size: 560,000 square feet (Phase I)
Developer: Lincoln
General contractor: Brinkmann Constructors
Architect: Butler Design Group
Project description: Committed to smart, market-appropriate development, Lincoln has designed I-10 International with a warehouse/distribution focus, empowering future tenants to take full advantage of the project’s proximity to Interstates 10 and 19, and Tucson International Airport — the second-busiest airport in Arizona. Together, this gives I-10 International direct connection to major ports and cities in the U.S. and Mexico, and the ability to distribute product to 46 million people within a 500-mile radius.
Kimsey AC Hotel
Project address: 7110 E. Indian School Rd., Scottsdale
Project value: $71,829,425
Project start: March 2024
Project completion: March 2026
Size: 103,000 square feet
Developer: PEG Development
General contractor: Okland Construction
Architect: Gensler
Project description: This project comprises a 169-unit Class A multifamily apartment community along with a 168-key AC Hotel by Marriott. The development is not only surrounded by major corporate offices — including Vanguard, Honor Health, GoDaddy, Massage Envy and CVS — but is also near a variety of dining, shopping, and entertainment options that attract both locals and tourists.
Larry C. Kennedy Elementary School
Project address: 2702 E. Osborn Rd., Phoenix
Project value: $23.3 million
Project start: August 2023
Project completion: July 2024
Size: 60,000 square feet
Owner: Creighton School District
General contractor: CHASSE Building Team
Architect: Weddle Gilmore
Project description: The original school was demolished in 2022 to create a new, ground-up, state-of-the-art campus. The district’s newest K-8 campus rebuild project is slated for completion in Fall 2024 — just in time for the campus to welcome students for the new academic year. Once open, Larry C. Kennedy will accommodate up to 700 students.
Macayo’s Depot Cantina Redevelopment
Project address: 400 S. Ash Ave., Tempe
Project value: $100 million
Project start: October 2024
Project completion: August 2027
Size: 100,000 square feet
Developer: RED Development
General contractor: Okland Construction
Architect: DAVIS
Project description: Located at the former Macayo’s Depot Cantina site in Tempe, RED Development plans to build a 17-story office tower on the northern portion of the 2.5-acre site near Third Street and Ash Avenue, which is bisected by the light rail tracks. The office tower will include 10 stories of commercial office space. For the second tower, RED Development is planning an 18-story, five-star, full-service Hilton-branded hotel with up to 280 guest rooms.
Mack Innovation Park
Project address: Loop 101 and Bell Road, Scottsdale
Project start: May 2024
Project completion: October 2025
Size: 1.2 million square feet
Developer: Mack Real Estate Group
General contractor: Willmeng Construction
Architect: Butler Design Group
Project description: The proposed Mack Innovation Park consists of roughly 1.2 million square feet of industrial and office space spread across an 11-building campus. The north phase of this project consists of buildings A,B,C and D totaling 572,170 gross square feet. The proposed building heights are 46-foot-tall concrete tilt up panels with steel and stone accents throughout.
Madison Park Middle School
Project address: 1431 E. Campbell Ave., Phoenix
Project value: $41.9 million
Project start: May 2022
Project completion: July 2024
Size: 112,199 square feet
Owner: Madison School District
General contractor: CHASSE Building Team
Architect: ADM Group
Project description: The Madison Park Middle School project is a campus replacement project that involved replacing all but one existing building on an occupied campus. The new site plan and exterior had to be creatively designed to work hand in hand with the existing cafeteria building.
McCormick-Stillman Railroad Park
Project address: 7301 E. Indian Bend Rd., Scottsdale
Project value: $10.6 million
Project start: April 2024
Project completion: May 2025
Size: 30 acres total, 9,909 square feet of facilities
Developer: City of Scottsdale
General contractor: Willmeng Construction
Architect: DWL Architects + Planners
Project description: Site improvements to the existing 30-acre park include a new concrete plaza, new pavers, new concrete amphitheater, new landscape areas, construction of a new splash pad play area, and relocating the historic train cars. This project includes the replacement of the Bunkhouse and Clock Tower with a new 7,500-square-foot structure called the Roundhouse, which houses a signature railroad-themed indoor play structure, public restrooms, offices, conference rooms and support spaces.
Midway Commerce Center
Project address: NEC of Germann Road and Hamilton Street, Chandler
Project value: $75 million
Size: 301,994 square feet
Developer: Creation
General contractor: LGE Design Build
Architect: LGE Design Build
Project description: Located in the heart of the Chandler Airport infill submarket, Midway Commerce Center is a state-of-the-art, 301,994-square-foot project featuring three buildings. Midway is also well located just west of the majority intersection of Germann and McQueen Roads — less than one mile south of the Loop 202 Freeway, which serves the majority of the Phoenix Metro Area.
Mountainside High School
Project address: 29715 N. Crozier Rd., Wittman
Project value: $30,509,000
Project start: August 2023
Project completion: July 2024
Size: 67,706 square feet
Owner: Nadaburg Unified School District #81
General contractor: CHASSE Building Team
Architect: EMC2
Project description: Mountainside High School is a 43,000-square-foot classroom building with new administration and nurse offices, conference rooms and a new media/library room. There are 23 new classrooms including STEM Labs, Flex Spaces, and 2D/3D art studios to improve and cultivate creativity among students. This project also includes a 25,000-square-foot gymnasium building with locker rooms, weight rooms, training rooms for sports medicine, and a fully furnished kitchen with access to covered outdoor dining areas.
Northside at SanTan Village
Project value: $30 million
Project start: June 2024
Project completion: June 2025
Size: 280,000 square feet
Developer: Okland Capital
General contractor: Okland Construction
Architect: Nelsen Partners
Project description: Northside at SanTan Village is planned to feature a 120-room hotel, two high-end office buildings and six boutique retail and restaurant spaces. The development will also feature shared community spaces and a half-mile fitness track around its perimeter.
Park Algodon
Project address: NWC of Indian School Road and the Loop 101, Phoenix
Project value: $250 million
Project start: May 2024
Project completion: Completion of Phase 1 Q2 2025
Size: 1.3 million square feet at buildout
Developer: Creation
General contractor: LGE Design Build
Architect: LGE Design Build
Project description: Park Algodon is located one of the last remaining vacant land parcels owned by the late John F. Long, the original developer of Maryvale. The two-phase speculative industrial development is spread across 86 acres that totals approximately 1.3 million square feet. The Shops at Park Algodon will be developed on an adjoining seven acres, which will include more that 14,000 square feet of restaurant and retail space.
Porsche of North Scottsdale
Project address: 7111 E. Princess Dr., Phoenix
Project value: $23,986,267
Project start: October 2023
Project completion: December 2024
Size: 72,000 square feet
Developer: Penske Automotive
General contractor: Willmeng Construction
Architect: Penny Design Group
Project description: Porsche North Scottsdale is a 72,000-square-foot Generation 5 Facility for the German automobile manufacturer. It will feature 48 service bays. The concept behind this Generation 5 building is to make it as interior flexible as one can. It is a modulated concept whereas times change the interior modules can be interchanged with new ideas and products.
Prasada North
Project address: Loop 303 and Waddell Road, Surprise
Project value: $125 million
Project start: December 2021
Project completion: Fall 2025
Size: 350,000 square feet
Developer: SimonCRE
General contractor: The Whiting-Turner Contracting Company
Architect: RKAA Architects
Project description: By introducing an additional 350,000 square feet of retail and restaurant space adjacent to the already thriving 700,000 square feet at Village at Prasada, this initiative is geared towards accommodating the burgeoning needs of a rapidly growing population. The development not only addresses the immediate retail desires of the community, providing convenient access to a diverse array of shopping and dining options, but strategically positions itself to support the area’s anticipated population boom, which is expected to reach 216,700 residents by 2030.
Prologis Pima DC 1
Project address: 87th Avenue and Durango Street, Phoenix
Project value: $51,431,960
Project start: October 2023
Project completion: May 2025
Size: 300,000 square feet
Developer: Prologis
General contractor: Willmeng Construction
Architect: HPA Architecture
Project description: A large national distributor needed a fully functional 300,000-square-foot industrial build-to-suit for the complex distribution of nearly a million product types. Designed with a three-level mezzanine for storage and stacking and multiple Opex machines, the building’s intent and use required maximum expandability, option cost analysis, site flow, future technology, and water, sewer and power considerations for future growth.
PURE Pickleball & Padel
Project address: Scottsdale, near Talking Stick Resort & Casino
Project start: November 2023
Project completion: Early 2026
Size: 11-acre site
Developer: Caliber
Architect: DAVIS
Project description: PURE Pickleball & Padel will claim the title of largest pickleball facility in Arizona and one of the largest facilities in the world when it opens in the Fall 2024. Phase 1 includes 28 over-sized (34’x64’) indoor pickleball courts featuring post-tension construction and premium cushion surfacing. All courts will be privately gated and fenced with professional indirect lighting and high-quality video cameras for streaming matches or recording games. At center stage, is a first-of-its-kind Championship Court (50’x70’) with a wrap-around 500-seat stadium and state-of-the-art production capabilities for televised matches. Other infrastructure under the roof will include a pro shop, café, men’s and women’s locker rooms, and private event spaces.
Rehrig Pacific Buckeye Factory
Project address: 8281 S. Turner Rd., Buckeye
Project value: $55,075,000
Project start: September 2023
Project completion: August 2024
Size: 267,523 square feet
Developer: Merit Partners
General contractor: FCL Builders
Architect: Ware Malcomb
Project description: Part of the Buckeye Industrial Park, the Rehrig Pacific building is rail served with the team designing and building a rail spur off the main Union Pacific line to serve the entire industrial park. Utilities had to be re-routed under the rail line with directional boring, all monitored closely by the rail inspector, and connections made to the main line coordinated with the Union Pacific schedule.
Rinchem Chemical Warehouse – Surprise
Project address: 13255 W. Sweetwater Ave., Surprise
Project start: March 2023
Project completion: March 2024
Size: 123,516 square feet
Developer: Rinchem
General contractor: Graycor Construction Company
Architect: Archicon Architecture + Interiors
Project description: This new state-of-the-art Rinchem facility underscores the opportunities that Metro Phoenix’s booming semiconductor industry creates for local business and economic expansion. Sitting on 21 acres at the northwest corner Dysart and Summit Parkway, it is designed to safely manage high purity chemicals and gasses — a service that several of the Valley’s high-growth industries depend on, including the local semiconductor industry.
San Carlos Apache Healthcare Skilled Nursing & Long Term Care Facility
Project address: San Carlos Apache Reservation
Project value: $96,442,027 million
Project start: May 2024
Project completion: May 2026
Size: 135,167 square feet
Developer: San Carlos Apache Healthcare Corporation
General contractor: Willmeng Construction
Architect: Cuningham Group
Project description: The Skilled Nursing and Long-Term Care Facility for the San Carlos Apache Healthcare Corporation (SCAHC) supports the long-term care, assisted living memory care, skilled nursing and hospice needs of the San Carlos Apache Reservation community elders. The building is organized into four “neighborhoods” surrounded by one main community gathering area. Each of the neighborhoods is comprised of 20 to 30 resident units and common amenity areas and support functions for those residents.
Broadstone Uptown PHX
Project Address: 500 W. Camelback Road, Phoenix
Project Start: June 2021
Project Completion: June 2024
Size: 280 Units
Owner: Alliance Residential Company
General Contractor: Alliance Residential Company
Architect: ORB Architecture
Project Description: The four-story 280-unit property features studio, one, two and three-bedroom apartments ranging from 619 to 1,846 square feet. Community amenities include a pool house with upscale kitchen, a 24-hour state-of-the-art fitness center, a resort-style pool and spa, direct-access covered parking, electric charging stations, package lockers, climate controlled indoor corridors and 24/7 maintenance.
SkyBridge 108 and 109
Project address: 7835 and 7733 E. Velocity Way, Mesa
Project start: February 2023
Project completion: May 2024
Size: 500,000 square feet
Developer: SkyBridge Arizona/SkyPlus Developments
General contractor: Graycor Construction Company
Architect: ADM Group
Project description: Offering direct runway access, SkyBridge is designed to support a first-of-its kind Unified Cargo Processing (UCP) facility, allowing users to complete on-site cargo inspection and processing so that inbound and outbound shipments can be expedited directly to their destinations in Mexico and the U.S. The substantial new 108 and 109 Class A industrial buildings, each totaling 250,000 square feet, elevate the size and type of tenants that SkyBridge can now welcome into this concept.
SIHI Mesa Grandview Business Park
Project address: Loop 202 and North Greenfield Road
Project value: $41 million
Project start: August 2024
Project completion: September 2025
Size: 232,000 square feet
Developer: Sunbelt Investments
General contractor: Okland Construction
Architect: Balmer Architectural Group
Project description: This project will consist of large warehouse buildings, a large site development that include private roadways and agreements with City of Mesa. Each building will have a small tenant space built out to illustrate the buildings usage for future tenants.
Skye on 6th
Project address: 813 N. 6th St., Phoenix
Project value: $77.5 million
Project start: July 2021
Project completion: January 2024
Size: 360,000 square feet
Developer: Hubbard Street Group
General contractor: Clayco
Architect: Shepley Bulfinch
Project description: Located in Downtown Phoenix’s vibrant Roosevelt Row Arts District, Skye on 6th features 309 apartments, 6,400 square feet of ground-level retail space, and an 88,000-square-foot parking garage. Its wellness-focused amenities, including a state-of-the-art fitness center with a sauna, steam room, outdoor pool and spa redefine urban living by prioritizing residents’ health and well-being. Additionally, the dedicated co-working floor reflects the project’s commitment to fostering a dynamic and collaborative community.
Super Radiator Coils
Project address: 8743 E. Warner Rd., Mesa
Project value: $27.8 million
Project start: October 2023
Project completion: September 2024
Size: 150,000 square feet
Developer: Scannell Properties
General contractor: Brinkmann Constructors
Architect: Ware Malcomb
Project description: This state-of-the-art facility will operate as a western U.S. production hub for Super Radiator Coils, a manufacturer of industrial heat exchangers, coils and nuclear products. Constructed of concrete tilt-up panels, the new building will include over 45,000 square feet of Class A office space, 130,000 square feet of fully conditioned manufacturing floor space, gantry crane systems and clean room areas that support advanced manufacturing.
Surprise Fire Station 309 and Community Pool
Project address: Cactus Road and Perryville Road, Surprise
Project value: $69 million
Project start: September 2023
Project completion: April 2025
Size: 20,000 square feet
Developer: City of Surprise
General contractor: Willmeng Construction
Architect: Architekton and LEA – Architects
Project description: Fire Station 309 will be a state-of-the-art public safety facility complete with four apparatus bays, a decontamination room, turn-out gear locker room, two EMS rooms, 10 dorms, a full kitchen with pantry and more. The aquatic center is the third public pool for the city. It will include three separate bodies of water — a recreational pool, a diving/warmup pool and a competitive pool.
Teravalis
Project address: Sun Valley Parkway and Cactus, Buckeye
Developer: Howard Hughes Holdings/Teravalis
Project description: In developing 37,000 acres nestled between the White Tank and Belmont Mountains in Buckeye, Teravalis, the newest master planned community from Howard Hughes Holdings, will encompass 100,000 homes when fully built out over the next several decades. Teravalis will not only provide much-needed housing to a highly strained market, but also 55 million square feet of commercial development.
The Base, Phase 1
Project address: 6232-6326 N. Litchfield Rd., Glendale
Project value: $120 million
Project start: July 2023
Project completion: Q1 2025
Size: 1,182,877 square feet
Developer: ViaWest Group
General contractor: Willmeng Construction
Architect: DLR Group
Project description: The Base, Phase I, is an innovative industrial complex set to transform industry standards with its collection of seven Class A buildings, each ranging in size from 85,000 square feet to 309,000 square feet. Each building within the complex is equipped with private trucking courts, attractive storefronts, robust power capacity, 32-foot clear ceiling heights, and ample parking for both commercial vehicles and passenger cars.
The Osborn
Project address: 3300 N. Scottsdale Rd., Scottsdale
Project value: $83 million
Project start: June 2024
Project completion: March 2026
Size: 418,058 square feet
Developer: Empire Group
General contractor: Brinkmann Constructors
Architect: Douglas Sydnor Architect & Associates with Gensler
Project description: The Osborn will have 226 residential units, comprising 118 active adult units, 34 memory care and 74 assisted living units with a gross floor area of 500,000 square feet. The integration of ground-level retail and restaurant amenities will invite residents and visitors alike to explore and engage in shared social, recreational and cultural experiences. A dedicated publicly accessible paseo and pedestrian pathway will run the entire length of the property along the southern edge to offer residents and visitors a place to mingle, relax and be outdoors.
The Ranch
Project address: Northwest corner of Power and Warner Roads, Gilbert
Project value: $1 billion
Project start: 2024
Project completion: 2028
Size: 4.5 million square feet
Developer: IndiCap
General contractor: TBD
Architect: Ware Malcomb/Upwards Architects/Humphreys & Partners Architects, LP
Project description: The Ranch is set to introduce 750 multi-family units, 27 acres of general commercial space and 221 acres of light industrial, with the potential of 3 million square feet of mid-bay and cross dock industrial buildings with entry points from South Power and East Warner Roads. General commercial spaces will offer a mix of restaurants, retail opportunities and a large public gathering space for both the immediate and surrounding community.
The Scottsdale Resort & Spa, a Curio Collection Resort by Hilton
Project address: 7700 E. McCormick Pkwy., Scottsdale
Project value: $40 million
Owner: Driftwood Capital Developer: Driftwood Capital
General contractor: Hospitality Project Advisors
Architect: MONOGRAM at BBGM
Project description: Driftwood acquired the legacy conference resort in 2022 and embarked on the largest renovation in the property’s 50-year history. The now 278-room resort spans across almost 17 acres and joined Curio Collection by Hilton, a global set of remarkable upscale hotels hand-picked for their unique character and personality.
Thunderbird Commerce Park
Project address: 7401 E. Redfield Rd., Scottsdale
Project value: $60 million
Project start: February 2024
Project completion: Late 2024
Size: 243,000 square feet
Developer: Creation
General contractor: LGE Design Build
Architect: LGE Design Build
Project description: Thunderbird Commerce Park is a $60 million industrial center set on a rare 18-acre parcel within Scottsdale Airpark. This project represents an unprecedented opportunity to develop a Class-A logistics/manufacturing building in the highly coveted Scottsdale Airpark submarket. This submarket is highly supply-constrained and typically boasts the highest rental rates and tightest vacancy levels in the Phoenix Metro market.
VERVE Tempe
Project address: 1011 E. Orange St., Tempe
Project value: $113 million
Project start: June 2024
Project completion: August 2026
Size: 483,686 square feet
Developer: Subtext Living
General contractor: Brinkmann Constructors
Architect: ESG Architecture and Design
Project description: This is a fourteen-story, 261-unit student housing development in Downtown Tempe. Verve Tempe will add 771 beds to the Arizona State University campus community in addition to ground-floor retail space and two levels of underground parking.
Virgin Industrial Park
Project address: Northwest corner of Olive and Reems Roads, Glendale
Project value: $150 million
Project start: January 2023
Project completion: June 2024
Size: 1,024,844 square feet
Developer: IndiCap
General contractor: Graycor Construction Company
Architect: Deutsch Architecture Group
Project description: Virgin Industrial Park (VIP) is a multi-building development residing on 75 acres with three buildings totaling more than 1 million square feet. The proposed buildings vary in size from 212,160 square feet with the largest being 564,320 square feet. The site sits adjacent to APS’s Falcon 100MW Substation providing ample power to mission critical facilities in need of large, on-demand power sources.
VT 101
Project address: 6051-6071 N. Ballpark Blvd., Glendale
Project start: May 2024
Project completion: April 2025
Size: 311,660 square feet
Developer: VanTrust Real Estate
General contractor: Layton Construction
Architect: Butler Design Group
Project description: Situated adjacent to Glendale’s sports and entertainment district, VT 101 provides access to ample amenities for businesses and employees. Phase one includes two buildings totaling 311,660 square feet with ample parking and circulation to meet the needs of today’s industrial users. Phase two includes a 433,880-square-foot cross dock building and caters to tenants looking for a preeminent location in the Valley with access to a diverse talent pool.
XNRGY at Gateway East
Project address: 9019 E. Technology Ave., Mesa
Project value: $42 million
Project start: March 2024
Project completion: February 2025
Size: 263,359 square feet
Developer: Boyer
General contractor: Wespac Construction
Architect: Gensler
Project description: XNRGY, a Montreal-based company that manufactures climate systems for data centers, will move into a building with 250,000 square feet of production space and a 25,000-square-foot office. The company is already looking ahead to possibly developing an additional 750,000 square feet of manufacturing space at Gateway East.
X Roosevelt
Project address: 629 N. 2nd Ave., Phoenix
Project value: $86.8 million
Project start: August 2023
Project completion: September 2025
Size: 325,000 square feet
Developer: The X Company
General contractor: Brinkmann Constructors
Architect: Lamar Johnson Collaborative
Project description: Located in the Roosevelt Row Arts District in the heart of Downtown Phoenix, X Roosevelt will bring 19 stories and 370 luxury units to the market.Residents have access to a professional-quality workspace, a state-of-the-art gym and fitness studio, and attainable apartments including private residences and co-living suites. The community will also house 3,500 square feet of retail space on the first floor.
