The COVID-19 pandemic may have thrown a wrench into many industries, but the Arizona real estate industry does not seem to be one of them. Many Arizona real estate companies experienced banner years in 2020, and many are optimistic as we travel deeper into 2021. Here are six Arizona real estate projects to watch in the coming year.
Replay Destinations has acquired real estate development parcels at The Phoenician®, a Luxury Collection Resort in Scottsdale. Known as Ascent at The Phoenician®, the project includes a planned private pool and fitness amenity tucked up against Camelback Mountain.
RESIDENTIAL
Ascent at The Phoenician
DEVELOPER: Replay Destinations
GENERAL CONTRACTOR: Tiffany Construction Co., and PWI Residential Construction
ARCHITECT: Nelsen Partners, Vallone Design, Floor Associates and bulthaup
LOCATION: 6000 E. Camelback Rd., Scottsdale
SIZE: 195 units
VALUE: WND
START/COMPLETE: November 2020/Spring 2022
Premiere at Eastmark.
MULTIFAMILY
The Premiere at Eastmark 2.0
DEVELOPER: PCS Development
GENERAL CONTRACTOR: Route2
ARCHITECT: Route2
LOCATION: NEC Ray Rd. & Ellsworth Rd. Mesa
SIZE: 354 units (site is 13.2 acres)
VALUE: WND
START/COMPLETE: Q2 2021/Q3 2022
303 Logistics.
INDUSTRIAL
303 Logistics
DEVELOPERS: Barclay Group and W.M. Grace Companies
GENERAL CONTRACTOR: The Renaissance Companies
ARCHITECT: Butler Design Group
BROKERAGES: JLL
LOCATION: 16695 W. Glendale Ave., Glendale
SIZE: 349,663 SF (Phase 1)
VALUE: WND
START/COMPLETE: September 2020/Q2 2021
CarSense.
RETAIL
CarSense
DEVELOPER: Penske Automotive Group
GENERAL CONTRACTOR: A.R. Mays Construction
ARCHITECT: John Mahoney Architect
LOCATION: 101 & Indian School/Scottsdale Autoshow
SIZE: 43,465 SF
VALUE: $8,500,000
START/COMPLETE: October 2020/July 2021
Loftin Equipment Headquarters.
OFFICE
Loftin Equipment Headquarters
DEVELOPER: Loftin Equipment
GENERAL CONTRACTOR: LGE Design Build
ARCHITECT: LGE Design Group
LOCATION: 52nd St. and McDowell Rd., Phoenix
SIZE: 20,549 SF
VALUE: WND
START/COMPLETE: December 2020/Q3 2021
MULTIFAMILY
The Manor Scottsdale
DEVELOPER: The Related Group
GENERAL CONTRACTOR: McShane Construction Company
ARCHITECT: Humphreys & Partners Architects
LOCATION: 13320 N. Scottsdale Rd., Scottsdale
SIZE: 286 units
VALUE: $88 million
START/COMPLETE: November 2020/March 2022