Verde at Cooley Station, a mixed-use, walkable center in Gilbert, is finalizing construction and is almost fully leased and ready to enter a consumer-focused phase to fulfill its original vision. “Verde at Cooley Station was built to be a destination and hub for local families and visitors, and we are thrilled to enter a new era of family-friendly fun!” says Norman Brody, a … [More]
PV Parcel Sells Low to Preserve Low Density
In the recent sale of the largest undeveloped parcel of land in Paradise Valley, the sellers accepted a price of $42 million, even though they had received substantially higher offers. The 27-acre parcel, sold by the family of the late John W. Teets Jr., former chairman of the Greyhound and Dial corporations, had been in the family for nearly three decades. It was important … [More]
Build-for-Rent Community Opens in Goodyear
TerraLane Communities, a premier investor and developer of rental neighborhoods, and the build-to-rent arm of residential investor-developer IHP Capital Partners, has completed construction of TerraLane at Canyon Trails South, a new premier rental home community in Goodyear consisting of 297 modern residences and ample amenities. Floorplans are designed to appeal to young … [More]
New Affordable Housing Opens in Phoenix
Rehoboth Place II, built by Gorman & Company in partnership with the Rehoboth Community Development Corporation, is a new collection of affordable housing that recently opened in the Canyon Corridor near 27th Avenue and Camelback Road — one of the most multicultural diverse areas in the Valley. Rehoboth Phase I with 47 units, which opened 13 years ago, and now Phase II … [More]
First Building Topped Off at North Scottsdale Luxury Condo Development
Portico, the luxury condominium community from award-winning Belgravia Group in the Loop 101 and Scottsdale Road corridor, has topped off the first building in its nine-building development. Initial move-ins are set to occur in late summer 2024; Portico is estimated to be completed in spring 2025. The community is a key piece in DMB’s One Scottsdale masterplan development, … [More]
Construction Begins on Master-Planned Community in North Scottsdale
Award-winning real estate development firm Optima® is partnering with Mitsui Fudosan America, Inc. for the development of the first building within its newest Arizona residential development, Optima McDowell Mountain Village™, located on 22-acres on the southeast corner of Scottsdale Road and the Loop 101 Freeway in North Scottsdale. The first building, which broke ground last … [More]
Attainable Communities Break Ground in Glendale
Scottsdale-based Greenlight Communities, a real-estate developer dedicated to constructing attainable workforce rental housing, recently broke ground on two projects in Glendale. This project will be Greenlight’s first to offer an affordable Streamliner and attainable Cabana community on adjacent sites. Streamliner Aldea will bring 282-new apartment units and Cabana Aldea will … [More]
Market-Rate Development Breaks Ground in Mesa
Chicanos Por La Causa, one of the largest community development corporations in the nation, recently broke ground on a new mixed-used, market-rate development in Mesa focused on Light Rail transit and community within walking distance of the Downtown area. The Residences on Main will feature nearly 200 apartment units and 19,000 square feet of retail space to promote a … [More]
Shops at 75th Is Part of $100 Million Investment in Glendale
Diversified Partners recently broke ground on its Shops at 75th development project, located at 7501 W Bethany Home Rd. in Glendale, Ariz. The four-pad, 3.71-acre development has already attracted a variety of tenants, including Dutch Bros. Coffee, Cali Tacos Restaurant and BeBa Nails & Spa. Located in the heart of the West Valley, the new project is part of a portfolio … [More]
Fountain Hills Homesites Offer 360-degree View of Valley
The first two homes at gated community Bellos at The Summit in Fountain Hills are now available for tours. The full project features 27 homesites with 360-degree views of the Valley. Prior to 2005, 41 existing homes were built, and the community remained unfinished until KLMR Homes acquired the lots in 2020. The community borders Scottsdale near Shea and Palisades Boulevards at … [More]
Industrial Park303 Phase 2 Completes with Creative Amenities
Full-service commercial real estate firm Lincoln Property Company recently completed Park303 Phase 2, a Class A industrial development in Glendale, Arizona that is leading the market in creative industrial amenities. Among these: a high-end speculative office suite, leading-edge features for modern manufacturing and distribution, and a premier outdoor area with a pickleball and … [More]
Gila River’s New C-Store Is Life-Changing Development
Last month, the Wild Horse Development Authority and the Gila River Indian Community broke ground on Sacaton Market, which will be a convenience store and fuel station on the southeast corner of South Ocotillo Dr. and Bluebird Rd. This is a life-changing development in the area because it will bring fresh produce and groceries to what has been a food desert; members of the … [More]
New Industrial Complex Begins to Rise in SW Phoenix
Martens Development Company has begun construction of its 20-acre Park 91, a Class A industrial development, located at the southwest corner of 91st Ave. and Buckeye Road in Phoenix. The new complex is the second phase of Logic Park, a successful 739,000-square-foot park on 44 acres, which will serve multiple tenants by offering various leasing size options. Park 91 will be … [More]
ASU’s Science/Tech Building Breaks Ground
The new $185 million Interdisciplinary Science and Technology Building 12 project recently broke ground at Arizona State University’s Polytechnic campus in Mesa, Ariz. “ISTB12 is ASU’s largest single capital investment on the Polytechnic campus,” says Alex Kohnen, ASU’s Facilities Development and Management vice president. The ISTB12 building, designed by SmithGroup and being … [More]
182,610 SF Industrial Project Planned for Phoenix’s West Valley
Echo Real Estate Capital, Inc. recently acquired a fully entitled ±11.65-acre industrial development site at 132nd Avenue and Peoria Avenue in Surprise, Arizona, where it plans to build “Echo Park @ P132,” four new single-tenant industrial buildings totaling 182,610 square feet. Echo purchased the land for approximately $7.1 million in Phoenix’s expanding West Valley. The … [More]
603,000 SF Industrial Project Planned for Mesa
Martens Development Company recently acquired a shovel-ready site at the southwest corner of Ellsworth and Willis roads in Mesa, Arizona, for an industrial project. This sale of ±44 acres accounts for the first phase of the project and the second phase accounts for an additional ±17 acres. In the first phase, Martens plans to build a new, seven-building ±603,000-square-foot … [More]
Sundance Park Phase II Opens in Buckeye
Phase II was recently completed at Sundance Park, located at 22865 Lower Buckeye Rd., adding 38 acres to what is now 68 acres in total and features Buckeye’s first public fishing lake — 3.2 acres and 14 feet deep — which will be stocked with catfish, bluegill, bass and rainbow trout. “This project is a testament to Buckeye’s dedication to creating a vibrant, healthy … [More]
Greenlight Breaks Ground on Workforce Rental Housing in North Phoenix
Greenlight Communities, the trailblazing Scottsdale-based real-estate developer dedicated to constructing attainable workforce rental housing, recently broke ground on its 14th property, located at 33455 N. North Valley Parkway in Phoenix in the I-17 employment corridor and near the upcoming $40-billion TSMC facility and campus. The community, set to commence leasing in … [More]
