Novus Innovation Corridor, a multi-phase mixed-use development spanning 355 acres integrated with Arizona State University’s largest campus, will add an upscale hotel in the heart of its main street entertainment district. The seven-story, 116,855-square-foot property at Novus Place and Packard Drive will be part of Marriott Bonvoy’s Tribute Portfolio, a growing global family … [More]
New Community to Bring 214 Single-Family Rentals to West Valley
NexMetro Communities, a developer of cottage-style, build-to-rent (BTR) home neighborhoods, is opening its 26th Avilla Homes project in the greater Phoenix metropolitan area, marking more than a decade of continuous development in the market. Avilla Marigold features 214 single-level, mostly detached, cottage-style homes, offering one-, two-, and three-bedroom floor plans with … [More]
29-Hangar Aviation Development Gets Green Light in Chandler
The Chandler City Council has unanimously approved a ground lease with a new subsidiary of Vesper Aviation, CHD Curtis East LLC, to build 29 new executive hangars for sale or lease at Chandler Municipal Airport. Vesper Hangars, the new development, will span 113,000 square feet located on the airport's northern boundary, addressing growing regional demand for hangar … [More]
Construction Giant Breaks Ground on 12-Acre National Employee Campus in Tempe
McCarthy Building Companies, Inc. (McCarthy), one of America’s oldest and largest builders, recently broke ground on the reimagination of a 12-acre learning and training campus that also includes a hotel and conference center in Tempe dedicated to employee development and leadership training. Set to open in early 2028, the McCarthy Anchor Campus at 2100 S. Priest Drive will … [More]
Landmark Phoenix Office Tower Set for Dramatic JW Marriott Transformation
LaPour Partners has unveiled plans for JW Marriott Phoenix, a 340-key luxury hotel planned within One Arizona Center in downtown Phoenix. The project will adapt the existing 19-story, 351,600-square-foot Class A office building into an urban resort. Constructed in 1989, One Arizona Center is located at 400 E. Van Buren St. within Arizona Center, a one million-square-foot … [More]
Sprouts to Anchor Major Commercial Expansion in Goodyear’s Estrella
Common Bond Development Group, the developers behind some of the Southwest's most notable retail and hospitality projects, announced details for its latest commercial development: a premium, grocery-anchored shopping center in the master-planned community of Estrella in Goodyear, Arizona. Initiated to fill a retail void in the surrounding community, the project brings … [More]
780K-SF Industrial Development Planned at North Phoenix Mega-Project
Mack Real Estate Group and McCourt Partners announced plans for the first phase of industrial buildings for lease within the approximately 2,400-acre Halo Vista master plan in North Phoenix, following the announcement by Taiwan Semiconductor Manufacturing Company of plans to increase its investment in Arizona to $265 billion. The Halo Vista development team aims to attract TSMC … [More]
Arizona Launches $1M Revolving Loan Fund for Brownfield Redevelopment
The Arizona Finance Authority announced the launch of a new Brownfields Revolving Loan Fund Program designated for projects focused on cleanup activities for environmentally contaminated sites. Funding for the program has been provided through a $1 million grant from the U.S. Environmental Protection Agency (EPA), which will be loaned to qualifying applicants to conduct … [More]
Stalled Downtown Mesa Development Reborn as 76-Room Hyatt Hotel
Downtown Mesa welcomed its newest hotel with a ribbon-cutting ceremony at 233 E. Main St. The 233 Suites, a 76-room boutique hotel operating under the Unscripted by Hyatt brand, anchors one of the city's most anticipated redevelopment projects alongside Crust Simply Italian, Bombolino's Cafe and The Nightingale speakeasy plus 13,000 square feet of new class A office … [More]
New Chandler Build-to-Rent Project Opens as Demand Outpaces Expectations
Porter Kyle, a Scottsdale-based vertically integrated Build-to-Rent developer and general contractor, announced the grand opening of The Wayne, a 100-unit BTR townhome community in Chandler, Ariz. Residents are moving in and the clubhouse and first four buildings at the community have been transitioned to Mark-Taylor for ongoing lease-up and property management. The opening … [More]
