LEARNING CURVE
In February, McCarthy Building Companies broke ground on the $50M West-MEC Southwest Campus in Buckeye. The campus is expected to serve 650 students in programs ranging from secondary to post-secondary and industry training. This project is one of four for the career and technical public school district funded by a $74.9M voter approved bond in 2012. Phase one, to be completed in December, includes a sustainable energy programs and student services buildings.
LAYING ANCHOR
In mid-January, Brown Group closed on 17.7 acres of land at the NWC of Guadalupe and Signal Butte roads in Mesa. The developer plans to build Mulberry Marketplace, which will be anchored by a 123,419SF Fry’s Food & Drug. In addition to retail and a fuel center, three pads are being discussed for ground leases to restaurants and a bank.
A NEW LIGHT
EverWest Real Estate Partners, CarVal Investors, RSG Builders and Gensler are renovating and redesigning the Jabil industrial facility into a class-A creative office space. The design focuses on employee amenities, connections between indoor and outdoor spaces and the Millennial workforce. The 190KSF project will be completed in April 2015. Cushman & Wakefield will manage brokerage of the space.
GAME TIME
Westgate Entertainment District owner iStar Financial plans to build a 41KSF building west of AMC Theatres for a Dave & Buster’s. The adult arcade and event venue is the third Valley location. Butler Design Group and Linear! are the architects. Teetsel Properties is the development manager. CBRE represented the landlord and tenant.
POWER UP
LGE Design Build has constructed a 50KSF regional operations center for energy distribution contractor NPL Construction Co. The two-story operations facility includes office space, a training facility, warehouse storage and several acres of land for NPL’s equipment fleet.
FAIRWAY FLAIR
HSL Properties purchased the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club in Tucson. The asset, situated on two parcels, totals 383 acres. The development group is planning a $16M rehabilitation.
