First-of-Its-Kind Life Plan Community in Peoria Acquires 343 Independent Living Apartments

inbusinessPHX.com

Sun Health is looking to the future as they take full ownership of Freedom Plaza, a first-of-its-kind life plan community located in Peoria that was designed and built by senior living pioneer and philanthropist Robert Roskamp. Roskamp’s Freedom Plaza Limited Partnership and Sun Health have co-owned the campus since its’ development, which includes independent living, assisted … [More]

Gated 17-Home Community in North Central Phoenix Brings Urban Experience

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100 Northern, a new gated community from Meisterwerk Fine Homes located at 1st Avenue and West Northern Avenue in Phoenix announces just 10 units remaining . This private enclave features 17 contemporary homes in North Central Phoenix, offering a mix of single-level and two-story floor plans ranging from 2,276 to 3,715 square feet with three to four bedrooms and 2.5 to 3.5 … [More]

Construction Association Names Nonprofit Pro-Bono Project

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Arizona Builders Alliance (ABA), the state's leading construction industry association, announces Jacob's Hope as the recipient of its annual Community Service Project. The ABA will provide free construction and renovation services to support the nonprofit's mission. Jacob's Hope, a Mesa-based nonprofit, is a specialty care nursery providing 24-hour medical care to … [More]

Inside Arizona’s $1 Billion Sustainable Luxury Community

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As Optima McDowell Mountain takes shape in North Scottsdale, real estate firm Optima is setting a new benchmark for sustainable luxury with its $1 billion mixed-use community, featuring meticulously designed residences, cutting-edge green building techniques, expansive open space and community-driven amenities designed for modern desert living. Designed by architects David … [More]

Partnership Closes on 38 Acres for Unique Industrial Project in Mesa

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Scottsdale-based ATLAS Capital Partners, along with development partner Hawkins Development Company, has announced the $13,794,586 acquisition of approximately 38 acres in Mesa, Arizona’s Elliot Road Tech Corridor for the development of ATLAS Exchange. The four-building, Class A industrial project is differentiated by its low-coverage building designs with large, secured and … [More]

Construction Begins on Terminal 3 North 2 Concourse at Phoenix Sky Harbor

Newest $326 million concourse at Terminal 3 will add six new gates

inbusinessPHX.com

McCarthy Building Companies Inc. recently began construction of the $326 million North 2 Concourse in Terminal 3 at Phoenix Sky Harbor International Airport, which includes the addition of six new passenger gates. Phoenix Sky Harbor International Airport’s Terminal 3 handles approximately 25% of passenger traffic annually. The airport served more than 52.3 million passengers … [More]

First-of-its-Kind Adaptive Reuse Apartment Community Offering Incentives for Creatives Opens in Mesa

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Forge Tower, a first-of-its-kind high rise apartment community offering unique incentives for creatives, is now open and leasing in Downtown Mesa. Developed by Soltrust, an innovative REIT specializing in the development of infill, build-to-rent and value-add apartments, Forge Tower was created to fit the evolving and dynamic audience of Downtown Mesa, which includes … [More]

Real Estate Development Co. Launches to Transform Retail, Mixed-Use Projects

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Legacy Development Partners, a newly launched real estate development firm specializing in retail and mixed-use projects, is set to make an immediate impact across the Southwest and beyond. Founded by industry veteran Chris Hake and strategically backed by national multifamily leader and mixed-use developer The Garrett Companies, the Phoenix-based firm will focus on developing … [More]

Notable Homebuilder Opens New Modern, Gated Eight-Home Community

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Camelot Homes announced that sales have begun for Viridian, a gated collection of eight two-story homes located at 14th Street and Bethany Home Road, in the heart of North Central Phoenix. This modern introductory luxury community follows the sellout of Camelot’s award-winning Paradigm community in North Phoenix. Like Paradigm, Viridan brings forward-thinking design to a highly … [More]

Arizona’s Build-to-Rent Boom

14,000 new homes underway statewide as Arizona holds second place nationwide

by Alexandra Ciuntu

The build-to-rent (BTR) market is transforming housing across the U.S., with more than 110,700 single-family homes under construction, spread across more than 600 communities. As demand for rental homes increases, Arizona has emerged as a standout player, second only to Texas. With nearly 14,000 new single-family rentals underway, the state is reshaping its housing … [More]