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The COVID-19 pandemic may have thrown a wrench in many industries, but Arizona’s real estate industry does not appear to be one of them. Many Arizona real estate companies are having a record year in 2021, and many are optimistic that this will continue as we travel into 2022. Here are six Arizona commercial real estate projects to watch in Arizona’s boiling commercial real estate market. .
READ ALSO: How can Arizona cope with the increasing demand for labor in the construction industry?
Several families
Moon Tower PHX
Developer: Lincoln Companies
Capital partner: Cross Harbor Capital Partners
Architect: Shepley’s Bulfinch
Service provider: I Dunn
Interior design : Michael Hsu Office of Architecture
Cut: Development of 24 floors and 326 units
Site: 811 N. 3rd St., Phoenix
Start: Summer 2021
Education
Applied research building
Developer: University of Arizona
Entrepreneur and architect:
McCarthy | Smith Group
Cut: 89,000 square feet
Site: Southeast corner of East Helen Street and North Highland Avenue, Tucson
Complete: January 2023
The Grove.
Mixed use
the grove
Developer: RED development
Cut: 15 acres
Site: 44th Street and Camelback Road, Phoenix
Value: $ 300 million
Characteristics: The Global Ambassador Hotel, a four-story Class AA office building, several retail spaces and restaurants on the ground floor, and more
Start / End: June 2021 / Fall 2023
Haydon Building Corp recently opened the Tolleson Civic Center. Designed by SmithGroup, this state-of-the-art, $ 22 million civic center, when completed, will be the new home for Tolleson’s town hall, council chamber, library and senior center.
Public
Civic Center of Tolleson
Developer: City of Tolleson
Service provider: Haydon Construction Company
Architect: Smith Group
Site: 9055 W. Van Buren St., Tolleson
Value: $ 22 million
Start: June 2021
Several families
Skye on 6
Developer: Hubbard Street Group
Capital partner: Cresset Real Estate Partners
Architect: Shepley’s Bulfinch
Service provider: Clayco
Cut: 309 units
Site: Southeast corner of 6th Street and Garfield Street, Phoenix
Start / End: July 2021 / Summer 2023
Industrial
Artisanal workforce center
Developer: McCarthy Construction Companies
Architect: DLR Group
Cut: 40,000 square feet
Site: Chandler
Start / End: July 2021 / January 2022
Center for artisanal labor.
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