PTK spotlight: 50 commercial real estate projects to know in 2026

Address: 5555 W. Ina Rd., Marana

Start: Q2 2023

Completion: Q2 2025

Size: 97,092 square feet

Developer: Ascent Companies; Vanderbuild

General contractor: H&B Builders

Architect: triARC architecture & design

Project description: Set near Saguaro National Park West, the 200-unit community offers immediate access to outdoor recreation thanks to its 3.5-acre private park. The site’s proximity to trails and the Santa Cruz River required careful landscape and drainage planning to protect these natural resources, including the use of native riparian vegetation. 

Address: 19360 N. 73rd St., Scottsdale

Start: Summer 2025

Completion: TBD

Size: 88 units ranging from 1,570 to 3,015 square feet

Developer: Belgravia Group

General contractor: Maris Construction of Arizona

Architect: KTGY

Project description: Part of the 120-acre One Scottsdale masterplan, Atavia breaks from tradition with its multilevel floor plan design. Designed by award-winning architecture firm KTGY, half of the 88 residences are four stories high and feature private rooftop decks — bringing both density and distinction to the region. 

Address: 5101 – 5501 N. Cotton Ln., Litchfield Park

Start: Q3 2022

Completion: Q2 2025

Size: 1.75 million square feet in three buildings

Developer: Merit Partners

General contractor: Stevens-Leinweber Construction

Architect: Butler Design Group

Project description: C|303 Phase I totals a whopping 1.75 million square feet across three buildings: Building A at 375,600 square feet, Building B offering 420,536 square feet and Building C comprising of 958,847 square feet. With this range of sizes, C|303 adds true flexibility for all types of industrial users. 

Address: 2550 S. Gilbert Rd., Chandler

Start: Q2 2021

Completion: Q2 2024

Size: 430,000 square feet

Developer: Clarius Partners

General contractor: LGE Design Build

Architect: LGE Design Build

Project description: Phase I of the project introduced two industrial buildings totaling more than 227,000 square feet with 32-foot clear heights, speculative suites, ESFR sprinklers and grade-level and dock-high loading. Phase II added over 203,000 square feet across two buildings, maintaining the same design and functionality standards.  

Address: 6955 W. Morelos Place, Chandler

Start: February 2025

Completion: Q4 2025

Size: 190,475 square feet

Developer: Ryan Companies US

General contractor: Ryan Companies US

Architect: Butler Design Group

Project description: This project converts a former office into an 87,600-square-foot industrial building, with another 102,875-square-foot building to come. This development aims to address the surplus of challenged office buildings by transforming this site into an industrial complex that will attract top-tier businesses and create jobs.

Address: 100 S. Mill Ave., Ste. 930, Tempe

Start: Q3 2024

Completion: Q1 2025

Size: 16,819 square feet

Developer: Hines & Cousins Properties

General contractor: RWI Construction

Architect: Phoenix Design One

Project description: Through thoughtful design choices and space planning, the Crest office mixes flexible workspaces that accommodate different work styles and quiet areas for private conversations. Acoustic treatments allow employees to focus on their work while maintaining an open, communicative environment. 

Address: 1 E. Adams St., Phoenix

Start: September 2024

Completion: September 2026

Size: 185,000 square feet

Developer: Mortenson Development

General contractor: Mortenson

Architect: Gensler

Project description: Denū Hotel and Spa is a 17-story luxury hotel that will bring 236 rooms to Downtown Phoenix. With interiors inspired by the Arizona desert, additional features include a full spa, 22,500 square feet of meeting and banquet space, a ground-level restaurant, and a rooftop bar, pool and lounge.  

Address: 2423 E. Apache Blvd., Tempe

Start: November 2023

Completion: July 2026

Size: 23,000 square feet

Developer: Tempe Community Action Agency

General contractor: CHASSE Building Team

Architect: RSP Architects

Project description: Tempe Community Action Agency (TCAA), a non-profit that has served Phoenix’s East Valley for over 50 years, was in need of a new facility to co-locate many existing programs and help expand its services. Strategically placed on a tight site to maximize footprint and optimize solar orientation, the facility design reconciles opposing goals: security with accessibility and privacy with transparency. 

Address: 4445 N. 7th St., Phoenix

Developer: Clayton Companies

Architect: ALINE Architecture Concepts

Project description: The need to integrate key elements like the beer hall, indoor/outdoor bars and patios into a single cohesive environment led to one of the project’s most defining features: the dynamic “flex” space. By opening the east, south and west walls with collapsible window systems, the design blurs the line between the interior and exterior.

Address: Bullard Ave. and Celebrate Life Way, Goodyear

Start: June 2024

Completion: June 2025

Size: 427,709 square feet

Developer: Formation Interests

General contractor: Willmeng Construction

Architect: Deutsch Architecture Group

Project description: Located in Goodyear, Phase I consists of two building totaling 428,000 square feet, featuring a three-acre park as its centerpiece, providing green space and amenities for project tenants. Once fully completed, Formation Park 10 will offer 680,000 square feet of speculative space across five buildings.  

Address: Loop 202 and Hawes Rd., Mesa

Start: December 2024

Completion: February 2026

Size: 360,869 square feet 

Developer: EastGroup Properties

General contractor: Willmeng Construction

Architect: Butler Design Group

Project description: Sitting on more than 50 acres in Mesa, Gateway Interchange will feature seven industrial buildings totaling 625,400 square feet with a range of clear height options for businesses to choose from. In addition, the buildings will include 196 skylights, 186 truck bays and an EIFS (Exterior Insulation and Finish System) for enhanced thermal performance. 

Address: 83rd Ave. and Bethany Home Rd., Glendale

Start: April 2024

Completion: April 2025

Size: 30 acres

General contractor: Willmeng Construction

Architect: Dig Studio

Project description: The first phase of this park expansion features the construction of two multiuse sports fields, eight pickleball courts, a creative play area and a multipurpose turf area. Additional amenities include ramadas, restroom facilities, food truck plaza and associated parking lots to accommodate park visitors.

Address: 10050 N. Scottsdale Rd., Scottsdale

Start: November 2024

Completion: April 2026

Size: 384,492 square feet

Developer: High Street Residential

General contractor: Wespac Residential

Architect: ESG Architecture & Design

Project description: This project will transform a long-vacant, 4.2-acre retail site into a 215-unit mixed-use development anchored in a sought-after location. Once a stagnant corner, this kind of infill development not only improves the land’s utility and aesthetics but also stimulates economic growth and adds to the vitality of the neighborhood.

Address: 1971 N. Globe Dr., Goodyear

Developer: Globe Corporation

General contractor: CHASSE Building Team

Architect: ALINE Architecture Concepts

Project description: A major challenge for this project — the lack of traditional back-of-house space for restaurants — led to a creative solution: designing all sides of the buildings to feel intentional and welcoming. This approach, combined with strategic storefront placement, circulation and layered architectural features, resulted in a destination that feels open, accessible and inviting from every angle.

Address: 1800 N. Civic Square, Goodyear

Start: August 2024

Completion: July 2025

Size: 62,475 square feet

Developer: Ryan Companies US

General contractor: Ryan Companies US

Architect: Butler Design Group, Devenney Group

Project description: Already pre-leased to Banner Health, the building will offer a wide range of medical services, including primary care, orthopedics, cardiovascular care, and on-site labs and imaging. Once completed, the project will create approximately 85 healthcare jobs.

Address: 422 N. Gilbert Rd., Gilbert

Start: May 2025

Completion: TBD

Size: 10 acres

Developer: Creation Equity

General contractor: LGE Design Build

Architect: LGE Design Build

Project description: Located at the northern gateway to Gilbert’s Heritage District, Phase I of this 10-acre, mixed-use development will feature 47,000 square feet of restaurant and retail space, a 288-unit multifamily complex and a community-focused gathering area enhanced by mature landscaping, water features and public art.

Address: 2375 E. Camelback Rd., Ste. 210, Phoenix

Start: Q2 2024

Completion: Q4 2024

Size: 8,469 square feet

Developer: Hines

General contractor: RSG Builders

Architect: Phoenix Design One

Project description: This office refresh project gives the Hines-Phoenix team a new highly amenitized landing pad in a prized commercial corridor. Spaces range from a striking reception area and break room to numerous collaboration zones. Walnut wood and marble create a speakeasy vibe, while floor-to-ceiling glass provide picturesque views in this showcase office space. 

Address: 4833 E. Washington St., Phoenix

Start: June 2024

Completion: June 2025

Size: 163,096 square feet

Developer: Ryan Companies US

General contractor: Ryan Companies US

Architect: Butler Design Group

Project description: A testament to the power of adaptive reuse, Innovate48 meets the needs of industrial users with 32-foot clear heights, 25 dock-high doors, four grade-level doors, and a fully secured concrete truck court with 17 trailer stalls — a rare find for a building just one mile from Sky Harbor International Airport.

Address: 13803 Northern Ave., Glendale

Start: Q4 2023

Completion: Q2 2025

Size: 2.4 million square feet

Developer: Lincoln Property Company

General contractor: Layton Construction

Architect: Butler Design Group

Project description: Developed in a single phase spanning 140 acres, Luke Field offers major corporate tenants seeking significant contiguous space three buildings to choose from — 1.27 million square feet, 695,000 square feet and 454,000 square feet — with the potential to create up to 1,300 local jobs once occupied.

Address: Capri Rd. and Sorrento Blvd., Maricopa

Start: July 2025

Completion: June 2026

Size: 98,338 square feet

Owner: Maricopa Unified School District

General contractor: CHASSE Building Team

Architect: Grace Design Studios

Project description: This two-story structure will offer more than 40 classrooms — including dedicated maker spaces and lab rooms — within one continuous building to support efficient circulation and climate control. The campus prioritizes flexibility, featuring translucent operable walls, exposed ceilings and movable furniture throughout.

Address: 5036 S. Eastmark Pkwy., Mesa

Start: July 2024

Completion: August 2025

Size: 28,145 square feet

General contractor: Willmeng Construction

Architect: Richard Kennedy Architects

Project description: Situated adjacent to the Great Park in Eastmark, the 28,146-square-foot Mesa Southeast Library will serve as a vital community resource for the rapidly growing southeast area of Mesa. The project will include the library, a parking lot, connections to the park, and exterior features such as a 2,592-square-foot outdoor deck with patio spaces.

Address: 95 Arroyo Pinon Dr., Sedona

Start: October 2023

Completion: April 2025

Size: 43,100 square feet, 89 keys

Developer: Crystal Creek Capital Real Estate Advisors

General contractor: Chanen Construction

Architect: RSP Architects

Project description: With 89 oversized rooms, studios and suites spanning eight buildings, an outdoor pool and hot tub, a welcoming communal lobby and The Den, a restaurant-meets-social hub, this boutique hotel welcomes travelers looking to connect with Sedona’s quirky appeal and undeniable natural beauty.

Address: 2575 E. Camelback Rd., Ste. 800, Phoenix

Start: May 2024

Completion: March 2025

Size: 16,200 square feet

Developer: Tourmaline Capital Partners

General contractor: Clune Construction

Architect: STG Design

Project description: This design blends the comfort of home with the functionality of a modern office, enhancing both individual well-being and collective success. Abundant natural light, soft textures and calming, earthy color palettes are paired with vibrant accents to create an environment that is both soothing and energizing. 

Address: 875 W. Elliot Rd., Tempe

Start: April 2025

Completion: TBD

Size: 273,000 square feet

Developer: Creation Equity

General contractor: LGE Design Build

Architect: LGE Design Build

Project description: Located on a 16-acre parcel, this infill redevelopment project reimagines an underutilized office site into a 273,000-square-foot industrial park in Tempe. The three buildings within Nexus Commerce Center each offer 32-foot clear heights and flexible layouts ideal for a range of users, from light manufacturing to logistics, research and development and fulfillment.

Address: 9840 W. Indian School Rd., Phoenix

Start: May 2024

Completion: Q3 2025 (Phase I)

Size: 1.3 million square feet

Developer: Creation Equity

General contractor: LGE Design Build

Architect: LGE Design Build

Project description: The first phase, delivering in fall 2025, includes four industrial buildings totaling 766,000 square feet, designed to accommodate a broad range of tenant sizes. At full build out, Park Algodon will span 1.3 million square feet, providing much-needed small-bay industrial space in one of the Valley’s most underserved industrial corridors. 

Address: 800 and 850 E. Queen Creek Rd.; and 2950 E. McQueen Rd., Chandler

Start: July 2024

Completion: August 2025

Size: 432,098 square feet

Developer: Ryan Companies US

General contractor: Ryan Companies US

Architect: Deutsch Architecture Group

Project description: Each building ranges from 92,367 square feet to 171,987 square feet, offering divisible layouts, making them adaptable for multiple tenants. Designed with logistics, warehousing and light manufacturing in mind, Queens Crossing features flexible office configurations, secure truck courts and potential for future expansion. 

Address: 777 N. Central Ave., Phoenix

Start: March 2024

Completion: May 2026

Size: 523,000 square feet

Developer: VeLa

General contractor: Clayco

Architect: Lamar Johnson Collaborative

Project description: Slated for completion in 2026, Ray Phoenix will offer 401 units — including studio, one-, and two-bedroom residences — in a 26-story tower shaped by a modernist form and a textured green façade that showcases the desert light and picturesque views, offering a visually striking addition to Downtown Phoenix’s skyline.

Address: 8801 E. Raintree Dr., Ste. 105, Scottsdale

Start: June 2025

Completion: October 2025

Size: 11,000 square feet

General contractor: Kaiser Construction

Architect: Soaring Eight

Project description: By moving from their existing office to the new 11,000-square-foot clinic, Salt River Veterinary Specialists will increase their footprint by over 7,000 square feet. The suite has full med gas to accommodate surgery, exam rooms, state-of-the-art CT equipment, and X-Ray rooms — enabling the clinic to offer more complete care.  

Address: 74 E. Rio Salado Pkwy., Ste. 107, Tempe

Start: May 2023

Completion: March 2024

Size: 2,500 square feet

Developer: Cousins Properties

General contractor: Jokake Construction

Architect: STG Design

Project description: Situated in Downtown Tempe, the restaurant’s layout accommodates different types of experiences, from quick stops for coffee to more relaxed, communal dining. The seating arrangements were designed to be adaptable, providing areas for individuals, small groups or larger gatherings. 

Address: 1616 E. Buckeye Rd., 1811 and 1875 E. Sky Harbor Circle North, Phoenix

Start: April 2025

Completion: July 2026

Size: 501,402 square feet

Developer: Clarion Partners, Trammell Crow Company

General contractor: Layton Construction

Architect: DLR Group

Project description: This project incorporates striking architectural elements such as angled building walls and metal paneling at entry points to create a modern and visually engaging identity for tenants — all less than two miles from Phoenix Sky Harbor International Airport.

Address: 2502 E. Camelback Rd., Ste. 210, Phoenix

Start: 2023

Completion: 2024

Size: 7,468 square feet

Developer: RED Development

General contractor: Stevens-Leinweber Construction

Architect: Ajanta Design

Project description: The new corporate headquarters for Smead Capital Management centers around a 225-foot window line that was cut into the building’s exterior wall — once a windowless second-floor storage area — creating new sight lines to Biltmore Fashion Park’s trademark courtyards. Interior spaces include a formal boardroom, private offices, central bullpen, employee kitchen and soundproof studio. 

Address: 811 W. Warner Rd., Tempe

Start: February 2025

Completion: TBD

Size: 144,885 square feet

Developer: Creation Equity

General contractor: LGE Design Build

Architect: LGE Design Build

Project description: Featuring six acres of contiguous yard space and adjacency to a Union Pacific rail line, Source Business Center’s 144,885-square-foot facility was designed to meet the needs of logistics, light manufacturing and equipment-heavy operators in one of the most land-constrained submarkets in Greater Phoenix.

Address: 20555 N. 55th St., Phoenix

Start: August 2024

Completion: Q3 2026

Size: 180,000 square feet

Developer: Trammell Crow Company

General contractor: Wespac Construction

Architect: RSP Architects

Project description: This 180,000-square-foot campus will house the new Sprouts Farmers Market corporate headquarters in a four-story, 144,500-square-foot office building, a 25,000-square-foot flagship grocery store, a test kitchen, a Press Coffee shop and a merchandising lab space. These pieces are tied together through a walkable site plan and shared amenities.

Address: 2033 N. 48th St., Phoenix

Start: May 2024

Completion: March 2025

Size: 45,000 square feet

Developer: CCFH

General contractor: Keeley Construction

Architect: STG Design

Project description: In a space so often associated with grief and heaviness, this project seeks to support those experiencing profound moments of reflection through architectural cohesion and intentionality. By preserving the structure’s original beauty while introducing subtle, modern interventions, the space feels timeless — neither stuck in the past nor chasing trends.

Address: 251 N. Juniper Dr., Chandler

Start: January 2025

Completion: February 2026

Size: 433,288 square feet

General contractor: Concord General Contracting

Architect: Todd & Associates

Project description: The design of this facility integrates large, open worship spaces with flexible-use areas that accommodate classrooms, event spaces and fellowship areas. The main worship auditorium offers advanced audio-visual capabilities to support immersive experiences, while the surrounding spaces are designed to be adaptable for various ministries and community programs.

Address: 20920 – 20990 W. Sentinel Dr., Buckeye 

Start: Q2 2023

Completion: Q1 2025

Size: 35,000 square feet

Developer: HCCJ Family Partners

General contractor: Bailey Marshall Corporation

Architect: triARC architecture & design

Project description: Built as a ground-up 35,000 square-foot lifestyle center, Sunrise Market features two murals by artist Kelsey Montague and more than 20 sculptures by artist Dale Rogers, elevating the development from a shopping center to an extension of the community it serves.

Address: 40245 N. Gantzel Rd., San Tan Valley

Start: March 2025

Completion: May 2026 (Two of the five buildings)

Size: 100,000 square feet

Developer: TCCC Real Estate Holding Company

General contractor: Kraus-Anderson 

Architect: triARC architecture & design

Project description: Anchored by Tri-City Cardiology on a 12-acre site in San Tan Valley, this $45 million medical campus will expand access to medical care in a fast-growing region of the state. The first two of five planned medical office buildings are set for completion by May 2026, with full buildout totaling 100,000 square feet.

Address: 2415-2575 E. Camelback Rd., Phoenix

Start: April 2022

Completion: February 2025

Size: 30,000 square feet of new amenities 

Developer: Tourmaline Capital Partners

General contractor: Layton Construction

Architect: Corgan

Project description: In response to changing tenant demands, The Esplanade was reinvented by integrating hospitality-level services and wellness-focused design — including 30,000 square feet of new amenities and 40,000 square feet of refreshed spaces. 

Address: Loop 101 and E. Princess Dr., Scottsdale

Start: Summer 2025

Completion: TBD

Size: 267,640 square feet

Developer: Creation Equity

General contractor: LGE Design Build

Architect: LGE Design Build

Project description: Located on a prominent 16.45-acre parcel in North Scottsdale, the project offers full-diamond interchange access, making it one of the most strategically positioned industrial sites in the region. Spanning 267,640 square feet across four buildings, The Loop can accommodate industrial showrooms, light manufacturing, skilled assembly and distribution tenants.  

Address: 5250 E. Deer Valley Dr., Phoenix

Start: 2019

Completion: 2029

Size: 565,729 square feet across six buildings

Developer: Statesman Group

General contractor: Statesman Group

Project description: This condominium development offers residents luxury living, with stylish spaces, expansive patios, and views of the Jack Nicklaus and Nick Faldo golf courses adjacent to High Street, City North and Desert Ridge Marketplace. Upon completion, the community will include six buildings and 223 units ranging from 1,600 to 4,000 square feet. 

Address: 21740 S. Ellsworth Rd., Queen Creek

Start: May 2025

Completion: TBD

Size: 54,000 square feet

Developer: Creation Equity

General contractor: LGE Design Build

Architect: GFF Design

Project description: With the distinction of being Queen Creek’s first walkable mixed-use district, The Switchyard will feature 54,000 square feet of restaurant, retail and office space, along with a 215-unit apartment community — supporting the town’s evolution into a more connected, lifestyle-driven destination.

Address: 2250 Shelby Dr., Sedona

Start: March 2025

Completion: April 2026

Size: 33,693 square feet

General contractor: Wespac Residential

Architect: Athena Studio

Project description: Considering the shortage of affordable housing in Sedona, The Villas on Shelby will bring 24 one-bedroom units and six three-bedroom units restricted to renters making no more than 60% of the area median income, allowing rent to range from $849 to $1,178.

Address: 2046 N. Riverview Auto Dr., Mesa

Start: Q3 2024

Completion: Q1 2025

Size: 57,698 square feet (amenity, tenant and spec suite space)

Developer: Lincoln Property Company and Harvard Investments

General contractor: Team Icon

Architect: McCarthy Nordburg

Project description: After its initial tenant moved to remote work, the Union Building was returned to the developer. To better position the project, an amenity space called The Clubhouse was constructed, including a bar, kitchen areas and golf simulator. Two move-in-ready offices were also added, totaling 57,698 square feet of improvements.  

Address: 93rd Ave. and Osborn Rd., Phoenix

Start: March 2025

Completion: July 2026

Size: 67,000 square feet

General contractor: CHASSE Building Team

Architect: DLR Group

Project description: West-MEC’s newest campus will prepare students for careers in cybersecurity, welding, healthcare and more. Phase I will house 18 classrooms — nine on each floor — along with several multiuse spaces. The design incorporates common areas and glass-partitioned classroom walls to encourage interaction.  

Address: 3001 Main St., Ste. 1C, Prescott Valley

Start: September 2025

Completion: March 2026

Size: 7,000 square feet

General contractor: Jokake Construction

Architect: Soaring Eight

Project description: The new home for Yavapai Pediatrics will utilize playful, bright colors and unique design details to create a sense of comfort for young patients. A custom art integration on the roof overhang will incorporate exterior elements of the building, making this medical office a welcome standout in a commercial center.