What slowdown? Phoenix, Valley cities considering a number of real estate projects

Phoenix Real Estate Developments and a Scottsdale House For Sale

The East Valley is going to some brand-new commercial and apartment developments.

Despite a lot of slowness in the genuine estate market and neighborhood city councils and preparing boards have actually a lot of serious developments projects on their post-Labor Day agendas.

That involves a feasible $17 million sale of land on Tempe Town Lake to a developer along with Chinese economic backing, Optima genuine Estate’s proposed $300 million multifamily project alongside Kierland Commons and Trammel Crow Co.’s Mach 1 improvement in Chandler.

The Tempe City Council will certainly hold a 2nd and last listening to Thursday concerning the feasible sale of 11 acres of city-possessed lakeside land to TrendEx Holdings LLC. TrendEx is talking concerning a big $1.2 billion development on the Tempe land and says it’s functioning along with a Hong Kong partner. The neighborhood business was the just bidder on a Tempe request for proposal for the Town Lake land earlier this year.

The Chandler preparing Commission will certainly vote tomorrow on improvement strategies for Trammel Crow’s 19-acre, 200,000-square-foot Mach 1 commercial project at the Chandler Airport Center.

Down the street, the Gilbert preparing Commission is curious about numerous zoning and improvement applications including for apartments and Woodbury Corp.’s City Gate.

In Phoenix, city planners and councilors are slated to think about this month rezoning a former furniture keep site at Scottsdale Road and Kierland Boulevard in Phoenix. Chicago-based Optima genuine Estate — known for its projects in Scottsdale — desires to create between 660 condominium units and perhaps make a 234-luxury hotel. Optima might create as lots of as 796 residential units on 9.5 acres if there is not a hotel component.

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