Here are 6 commercial real estate projects to watch

Above: Applied Research Building. Real Estate | 15 Sep |

The COVID-19 pandemic may have thrown a wrench into many industries, but the Arizona real estate industry does not seem to be one of them. Many Arizona real estate companies are experiencing a banner year in 2021, and many are optimistic that it will continue as we travel into 2022. Here are six Arizona commercial real estate projects to watch in Arizona’s red-hot commercial real estate market.


READ ALSOHow can Arizona keep up with increased construction labor demands?


Multifamily

Moontower PHX

Developer: Lincoln Ventures

Capital partner: Cross Harbor Capital Partners

Architect: Shepley Bulfinch

Contractor: JE Dunn

Interior design: Michael Hsu Office of Architecture

Size:  24-story, 326-unit development

Location: 811 N. 3rd St., Phoenix

Start: Summer 2021

Education

Applied Research Building

Developer: University of Arizona

Contractor and architect:
McCarthy | SmithGroup

Size: 89,000 square feet

Location: Southeast corner of East Helen Street and North Highland Avenue, Tucson

Complete: January 2023

The Grove.

Mixed-use

The Grove

Developer: RED Development

Size: 15-acres

Location: 44th Street and Camelback Road, Phoenix

Value: $300 million

Features: The Global Ambassador hotel, four-story Class-AA office building, several ground-floor retail spaces and restaurants, and more

Start/complete: June 2021/Fall 2023

Haydon Building Corp recently broke ground on the Tolleson Civic Center. Designed by SmithGroup, this state-of-the-art, $22 million civic center, once completed, will be the new home of Tolleson City Hall, council chambers, library, and senior center.

Public

Tolleson Civic Center

Developer: City of Tolleson

Contractor: Haydon Building Corp

Architect: SmithGroup

Location: 9055 W. Van Buren St., Tolleson

Value: $22 million

Start: June 2021

Multifamily

Skye on 6th

Developer: Hubbard Street Group

Capital partner: Cresset Real Estate Partners

Architect: Shepley Bulfinch

Contractor: Clayco

Size: 309 units

Location: Southeast corner of 6th Street and Garfield Street, Phoenix

Start/complete: July 2021/Summer 2023

Industrial

Craft Workforce Center

Developer: McCarthy Building Companies

Architect: DLR Group

Size: 40,000 square feet

Location: Chandler

Start/complete: July 2021/January 2022

Craft Workforce Center.

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