We’re well into 2018 and so is Arizona’s commercial real estate industry. Many experts are cautiously optimistic about this year, and with that in mind, it’s time to review six projects happening in Arizona that you should know about.
These projects are the six New to Market projects, as featured in the Jan/Feb issue of AZRE magazine.
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 David McGlothlin at David.McGlothlin@azbigmedia.com to be considered for a “Project Spotlight.” More details are at the bottom of this page.
The LINK PHX
GENERAL CONTRACTOR: Urban Edge Builders
ARCHITECT: Shepley Bulfinch
LOCATION: 702 N. Third St., Phoenix
SIZE: 400,000 SF
VALUE: WND
START/COMPLETION: Nov. 2017-Aug. 2019
This 30-story residential tower will be part of a three-phase mixed-use development project in Downtown Phoenix. There will be 600 rental residences and 21,000 square feet of retail space developed at this site over the next 15 years. The LINK PHX will play a big role in shaping Phoenix’s skyline and be one of the larger projects near Phoenix’s Roosevelt Row Arts District.
Clarendale of Chandler
GENERAL CONTRACTOR: Ryan Companies US, Inc.
ARCHITECT: Ryan A + E
LOCATION: Gilbert & Riggs roads, Chandler
SIZE: 262,000 SF
VALUE: WND
START/COMPLETION: Nov. 2017-Spring 2019
Clarendale of Chandler will deliver the full continuum of care to its future independent, assisted and memory care residents. The community is fashioned in the style of a resort and will include 116 units for independent residents, 64 assisted living units and 38 memory care units and 14 one-story duplex villas.
Gilbert Fire Station No. 9
GENERAL CONTRACTOR: Willmeng Construction, Inc.
ARCHITECT: HDA Architects
LOCATION: 3355 E. Ocotillo Rd., Gilbert
SIZE: 12,137 SF
VALUE: $4.9M
START/COMPLETION: Nov. 2017-Aug. 2018
Sustainability measures have been instilled in this public project that is being built in a thriving community. The single-story fire station will be constructed with jumbo brick masonry and insulated concrete form, which is a form of insulation that will save energy and money. The facility, like all fire stations, will have living quarters, a garage for the fire engines, a decontamination room, and locker storage room.
Alta Central
General Contractor: Wood Partners
Architect: Biltform Architecture Group
Location: 4001 N. Central Ave., Phoenix
Size: 201,000 SF; 223-units
Value: $44M
START/COMPLETION: March 2017-Nov. 2018
This project is being developed at the former and famous site of a Macayo’s restaurant – the one that looked like an Aztec temple. The Alta brand is no stranger to Phoenix with an Alta Fillmore, Alta Midtown and Alta Camelback located in the Central Phoenix area. This project is along the light rail and in the growing midtown area of Phoenix, which has become very popular in attracting hip new restaurants and fun, annual events.
Lincoln Logistics 40
GENERAL CONTRACTOR: Layton Construction
ARCHITECT: Butler Design Group
BROKERAGE: CBRE
LOCATION: 575 N. 143rd Ave., Goodyear
SIZE: 901,700 SF
VALUE: $47M
START/COMPLETION: Dec. 2017-Mid-2018
Lincoln Logistics 40 will be Metro Phoenix’s first-ever speculative industrial project to offer 40-foot clear height ceilings, with more than 20 acres of space under one roof. The gargantuan project is built to serve the ultra-modern e-commerce and distribution tenants that have been driving the industrial sector for some time.
Parc Midtown
General Contractor: MT Builders, LLC; Kland Civil Engineers
Architect: Todd & Associates
Location: 4114 N. Third Ave., Phoenix
Size: 275,000 SF; 306-units
Brokerage: De Rito Partners
Value: $52M
START/COMPLETION: Nov. 2016-Q1 2018
Parc Midtown is being built at the old Mercedes-Benz dealership, and is utilizing parts of the dealership into its design. This project is just a couple of blocks from the Light Rail, and near The Clarendon Hotel and Spa in the growing midtown Phoenix area.
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 David McGlothlin.
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)
