50 commercial real estate projects to know for 2025 Article originally posted on AZ Big Media on November 22, 2024 Commercial real estate in Arizona is in the midst of an unprecedented run. Even after the pandemic rocked the business community, Arizona’s commercial real estate industry came up with innovative ways to not only survive, but thrive. That kind of cutting-edge innovation is evident in the these 50 commercial real estate projects that you need to know in 2025. Arizona State University Tempe District Utility Plant Project address: 68 10th Street, Tempe Project value: $53 million Project start: February 2023 Project completion: Estimated July 2025 Size: 16,700 square feet Owner: Arizona State University General contractor: Willmeng Construction Architect: RSP Architects Details: At 16,700 square feet and nearly 82 feet high, the Arizona State University Tempe District Utility Plant (TDUP) is a critical component of the university’s master plan, addressing the growing demand for efficient energy. Despite the building’s scale, the facility sits on an exceptionally tight site, situated a mere four inches away from the new Herberger Institute for Design and the Arts dormitory. Bond Project address: 3200 E. Camelback Rd., Phoenix Project start: Q2 2023 Project completion: Q4 2024 Size: 287,000 square feet Developer: George Oliver General contractor: RSG Builders Architect: George Oliver Design Project description: Located in the heart of the Camelback Corridor, Bond encompasses 287,000 square feet in three stories, with one of the local office market’s most extensive amenity packages. This includes a central atrium bordered by office space and extensive conference space spanning a 120-person training room, 14-person conference rooms, individual and group teleconference rooms, day offices, a podcast studio and a library space. Additionally, a 22-person boardroom sits in a glass box overlooking the atrium. Avondale Police Detention Center Project address: 50 N. Eliseo C. Felix Jr. Way, Avondale Project value: $18 million Project start: June 2023 Project completion: December 2024 Size: 21,811 square feet Developer: City of Avondale General contractor: Willmeng Construction Architect: Perlman Architects of Arizona Details: The site was selected for its proximity to the both the Avondale Complete Health Resource Center and Old Town, and was already owned by the city. Included in the construction are enhanced safety and security features, a small training area for officers, and growth space for a future K-9 kennel and training area. The modern facility will feature pods for two inmates at a time, and accommodate up to 34 inmates. It will have cells for both men and women. Banner Scottsdale Medical Center Project address: Southwest corner of Hayden Rd. and the Loop 101 freeway Project value: $231 million Project start: November 2024 Project completion: July 2027 Size: 384,000 square feet Developer: Banner Health General contractor: Okland Construction Architect: SmithGroup Details: This new, digitally enabled medical center will provide seamless integration with Banner’s ambulatory and virtual sites of care. The four-story, 384,000-square-foot Banner Scottsdale Medical Center is expected to open in 2026 with 106 licensed patient beds and 20 observation beds, along with shelled space for expansion as the community grows. Buckeye 27 Project address: 1515 S. 27th Ave., Phoenix Project start: September 2023 Project completion: September 2024 Size: 253,498 square feet Developer: Merit Partners General contractor: Stevens-Leinweber Construction Architect: Butler Design Group Project description: The property sits on 18 acres at the southeast corner of 27th Avenue and Buckeye Road — a premiere infill address that formerly housed a Murphy Elementary District school campus. Transforming this land from an activated school campus into a developable industrial site required six months of extensive demolition and remediation, including the clearing of 12 existing buildings. Caliber by Greystar Project address: 9303, 9451, 9595 N. 79th Ave., Peoria Project value: $80-$90 million Project start: April 2023 Project completion: April 2024 Size: 411,918 square feet (three buildings) Developer: Greystar General contractor: Layton Construction Architect: Deutsch Architecture Group Project description: Just delivered to market, Caliber by Greystar is the first element to complete within Greystar’s $500 million Peoria Place, a master planned project designed to revitalize a central historic infill land site in the heart of Peoria. All three buildings were designed to meet Peoria’s need for a wide range of innovative industrial uses and tenant sizes. Camelback 303 Logistics Center Project address: 16395 and 16565 W. Camelback Rd., Goodyear Project start: September 2023 Project completion: December 2024 Size: 616,100 square feet Developer: Brookfield Properties General contractor: Stevens-Leinweber Construction Architect: Butler Design Group Project description: In addition to offering the latest in modern industrial building amenities, Camelback 303 Logistics Center comes with a unique strategic twist — expansive trailer and outdoor storage capacity that aligns the project with an intriguing new demand trend: Industrial Outdoor Storage (IOS). Whether created as part of a building project or as a stand-alone asset, IOS is any type of industrial-zoned land that is prepared for the outside storage of industrial or logistics-related items such as trucks, trailers, construction equipment, containers or building materials. Child Crisis Arizona Center for Child & Family Wellness Project address: 424 W. Rio Salado Pkwy., Mesa Project value: $20,500,000 Project start: January 2023 Project completion: Summer 2024 Size: 38,000 square feet Owner: Child Crisis Arizona General contractor: CHASSE Building Team Architect: ART Project description: The Child Crisis Arizona Center for Child & Family Wellness is a 38,000-square-foot, climate-friendly, net-zero campus that centralizes Child Crisis Arizona operations and serves as the new home to services for low-income children and families, including foster care and adoption services; family education; children’s counseling; health and wellness, basic needs; centralized kitchen and food distribution; centralized administration and philanthropy; foster teen programs; art, dance, and music therapy; and volunteer and staff training. Crimson Canyon Project address: 25651 W. Durango St., Buckeye P Project start: June 2022 Project completion: April 2024 Size: 326,000 square feet Developer: Crimson Canyon General contractor: LGE Design Build Architect: LGE Design Build Project description: Beyond its freeway convenience, Crimson Canyon enjoys close proximity to Buckeye Airpark, thriving shopping destinations, burgeoning residential developments and the dynamic growth of Phoenix’s West Valley. The leasing to Exxon Mobile before the completion of the project was very beneficial to the client and developer, Crimson Canyon. This will be Exxon’s main distribution center for the entire West Coast, which marks a major investment in the City of Buckeye. Eastmark Center of Industry Projewcts address: Located within the Elliot Technology Corridor in Mesa Project value: $160 million Project start: December 2022 Project completion: May 2024 Size: 982,720 square feet Developer: IndiCap General contractor: Layton Construction Company Architect: Deutsch Architecture Group Project description: Spanning 60.5 acres, Phase 1 of Eastmark Center of Industry boasts a total of 982,720 square feet across five state-of-the-art warehouse buildings, each characterized by a single-floor layout to optimize operational efficiency. The construction utilizes a robust concrete slab on grade and tilt exterior walls, complemented by a wood hybrid roof system, incorporating steel joists, girders, and moment frames with 2×6 wood sub purlins and plywood deck. Echo Park 303 Project address: 9501 N. 151st Ave., Glendale Project start: September 2022 Project completion: April 2024 Size: 676,176 square feet Developer: Echo Real Estate Capital General contractor: LGE Design Build Architect: LGE Design Build Project description: Echo Park 303 is a two-building, modern industrial facility in Glendale near the intersection of Northern Parkway and Reems Road. The 676,176-square-foot best-in-class industrial product sits on nearly 40 acres of land — marking the latest addition to the flourishing Loop 303 corridor. HubStarr Logistics signed a 126,075-square-foot pre-lease prior to its completion in June 2023, filling more than half of Building A before expanding to take the rest of the building in April 2024. Fender at PV Project address: 4568 E. Cactus Rd., Phoenix Developer: RED Development General contractor: Layton Architect: SmithGroup Project description: Fender Musical Instruments Corporation will break ground on the 80,000-square-foot, three-story building later this year, which will open to team members in fall 2025. The new building, designed by SmithGroup, will be a dynamic hub for collaboration and will boast an array of cutting-edge facilities, including a dedicated model shop for its guitar and amplifier designers, a state-of-the-art sound room, along with meeting rooms and flexible workspaces strategically designed to foster teamwork and innovation. Goodyear AirPark Project address: 14900, 14910, 14980, 15030, 15140, 15150 W. Broadway Rd., Goodyear Project value: $290 million (Phase 1) Project start: Q3 2022 Project completion: Q3 2022 Size: 1.6 million square feet Phase 1 (7 million square feet at build-out) Developer: Lincoln and Harvard Investments General contractor: Stevens-Leinweber Construction Architect: Butler Design Group Project description: Ultimately totaling up to 7 million square feet and 20 buildings, Goodyear AirPark is the largest industrial park ever to break ground in Goodyear with “enough fiber to power NASA.” Phase I will also include a retail component, with approximately 10,000 square feet of in-line and retail pad opportunities — a unique element for an industrial project, designed to add everyday convenience for park employees and Goodyear residents. Home2 Suites/Tru by Hilton Hotels Project address: Central Avenue and Earll Drive, Phoenix Project value: $55.5 million Project start: Q4 2022 Project completion: Q3 2024 Size: 105,000 square feet Developers: Plaza Companies, Holualoa Companies and Fayth Hospitality Group General contractor: Layton Construction Architect: PK Architects Project description: A collaboration between public, private and nonprofit entities is bringing to life two new hotels at Park Central — with extensive community benefits as well. The dual-branded Home2 Suites/Tru by Hilton hotels will add 207 total guest rooms to the Park Central property, spanning five stories and covering 105,000 square feet of space. HopeTech at EVIT Project address: 1601 W. Main St., Mesa Project value: $8,902,000 Project start: June 2023 Project completion: June 2024 Size: 24,807 square feet Owner: East Valley Institute of Technology (EVIT) General contractor: CHASSE Building Team Architect: SPS+ Architects Project description: HopeTech will be a 24,000-square-foot on-campus apartment-style community and features a two-story, wood frame building with a combination of one and two-bedroom units. The 8 units will allow EVIT to house 64 foster youths between ages 18 to 21. Each unit features a washer, dryer and kitchen and will be within walking distance of the EVIT Bistro, which is operated by EVIT students. I-10 International Project address: SEC Alvernon Way and Los Reales Road, Tucson Project value: $100 million (Phase I) Project start: Q3 2024 Project completion: Q4 2025 Size: 560,000 square feet (Phase I) Developer: Lincoln General contractor: Brinkmann Constructors Architect: Butler Design Group Project description: Committed to smart, market-appropriate development, Lincoln has designed I-10 International with a warehouse/distribution focus, empowering future tenants to take full advantage of the project’s proximity to Interstates 10 and 19, and Tucson International Airport — the second-busiest airport in Arizona. Together, this gives I-10 International direct connection to major ports and cities in the U.S. and Mexico, and the ability to distribute product to 46 million people within a 500-mile radius. Kimsey AC Hotel Project address: 7110 E. Indian School Rd., Scottsdale Project value: $71,829,425 Project start: March 2024 Project completion: March 2026 Size: 103,000 square feet Developer: PEG Development General contractor: Okland Construction Architect: Gensler Project description: This project comprises a 169-unit Class A multifamily apartment community along with a 168-key AC Hotel by Marriott. The development is not only surrounded by major corporate offices — including Vanguard, Honor Health, GoDaddy, Massage Envy and CVS — but is also near a variety of dining, shopping, and entertainment options that attract both locals and tourists. Larry C. Kennedy Elementary School Project address: 2702 E. Osborn Rd., Phoenix Project value: $23.3 million Project start: August 2023 Project completion: July 2024 Size: 60,000 square feet Owner: Creighton School District General contractor: CHASSE Building Team Architect: Weddle Gilmore Project description: The original school was demolished in 2022 to create a new, ground-up, state-of-the-art campus. The district’s newest K-8 campus rebuild project is slated for completion in Fall 2024 — just in time for the campus to welcome students for the new academic year. Once open, Larry C. Kennedy will accommodate up to 700 students. Macayo’s Depot Cantina Redevelopment Project address: 400 S. Ash Ave., Tempe Project value: $100 million Project start: October 2024 Project completion: August 2027 Size: 100,000 square feet Developer: RED Development General contractor: Okland Construction Architect: DAVIS Project description: Located at the former Macayo’s Depot Cantina site in Tempe, RED Development plans to build a 17-story office tower on the northern portion of the 2.5-acre site near Third Street and Ash Avenue, which is bisected by the light rail tracks. The office tower will include 10 stories of commercial office space. For the second tower, RED Development is planning an 18-story, five-star, full-service Hilton-branded hotel with up to 280 guest rooms. Mack Innovation Park Project address: Loop 101 and Bell Road, Scottsdale Project start: May 2024 Project completion: October 2025 Size: 1.2 million square feet Developer: Mack Real Estate Group General contractor: Willmeng Construction Architect: Butler Design Group Project description: The proposed Mack Innovation Park consists of roughly 1.2 million square feet of industrial and office space spread across an 11-building campus. The north phase of this project consists of buildings A,B,C and D totaling 572,170 gross square feet. The proposed building heights are 46-foot-tall concrete tilt up panels with steel and stone accents throughout. Madison Park Middle School Project address: 1431 E. Campbell Ave., Phoenix Project value: $41.9 million Project start: May 2022 Project completion: July 2024 Size: 112,199 square feet Owner: Madison School District General contractor: CHASSE Building Team Architect: ADM Group Project description: The Madison Park Middle School project is a campus replacement project that involved replacing all but one existing building on an occupied campus. The new site plan and exterior had to be creatively designed to work hand in hand with the existing cafeteria building. McCormick-Stillman Railroad Park Project address: 7301 E. Indian Bend Rd., Scottsdale Project value: $10.6 million Project start: April 2024 Project completion: May 2025 Size: 30 acres total, 9,909 square feet of facilities Developer: City of Scottsdale General contractor: Willmeng Construction Architect: DWL Architects + Planners Project description: Site improvements to the existing 30-acre park include a new concrete plaza, new pavers, new concrete amphitheater, new landscape areas, construction of a new splash pad play area, and relocating the historic train cars. This project includes the replacement of the Bunkhouse and Clock Tower with a new 7,500-square-foot structure called the Roundhouse, which houses a signature railroad-themed indoor play structure, public restrooms, offices, conference rooms and support spaces. Midway Commerce Center Project address: NEC of Germann Road and Hamilton Street, Chandler Project value: $75 million Size: 301,994 square feet Developer: Creation General contractor: LGE Design Build Architect: LGE Design Build Project description: Located in the heart of the Chandler Airport infill submarket, Midway Commerce Center is a state-of-the-art, 301,994-square-foot project featuring three buildings. Midway is also well located just west of the majority intersection of Germann and McQueen Roads — less than one mile south of the Loop 202 Freeway, which serves the majority of the Phoenix Metro Area. Mountainside High School Project address: 29715 N. Crozier Rd., Wittman Project value: $30,509,000 Project start: August 2023 Project completion: July 2024 Size: 67,706 square feet Owner: Nadaburg Unified School District #81 General contractor: CHASSE Building Team Architect: EMC2 Project description: Mountainside High School is a 43,000-square-foot classroom building with new administration and nurse offices, conference rooms and a new media/library room. There are 23 new classrooms including STEM Labs, Flex Spaces, and 2D/3D art studios to improve and cultivate creativity among students. This project also includes a 25,000-square-foot gymnasium building with locker rooms, weight rooms, training rooms for sports medicine, and a fully furnished kitchen with access to covered outdoor dining areas. Northside at SanTan Village Project value: $30 million Project start: June 2024 Project completion: June 2025 Size: 280,000 square feet Developer: Okland Capital General contractor: Okland Construction Architect: Nelsen Partners Project description: Northside at SanTan Village is planned to feature a 120-room hotel, two high-end office buildings and six boutique retail and restaurant spaces. The development will also feature shared community spaces and a half-mile fitness track around its perimeter. Park Algodon Project address: NWC of Indian School Road and the Loop 101, Phoenix Project value: $250 million Project start: May 2024 Project completion: Completion of Phase 1 Q2 2025 Size: 1.3 million square feet at buildout Developer: Creation General contractor: LGE Design Build Architect: LGE Design Build Project description: Park Algodon is located one of the last remaining vacant land parcels owned by the late John F. Long, the original developer of Maryvale. The two-phase speculative industrial development is spread across 86 acres that totals approximately 1.3 million square feet. The Shops at Park Algodon will be developed on an adjoining seven acres, which will include more that 14,000 square feet of restaurant and retail space. Porsche of North Scottsdale Project address: 7111 E. Princess Dr., Phoenix Project value: $23,986,267 Project start: October 2023 Project completion: December 2024 Size: 72,000 square feet Developer: Penske Automotive General contractor: Willmeng Construction Architect: Penny Design Group Project description: Porsche North Scottsdale is a 72,000-square-foot Generation 5 Facility for the German automobile manufacturer. It will feature 48 service bays. The concept behind this Generation 5 building is to make it as interior flexible as one can. It is a modulated concept whereas times change the interior modules can be interchanged with new ideas and products. Prasada North Project address: Loop 303 and Waddell Road, Surprise Project value: $125 million Project start: December 2021 Project completion: Fall 2025 Size: 350,000 square feet Developer: SimonCRE General contractor: The Whiting-Turner Contracting Company Architect: RKAA Architects Project description: By introducing an additional 350,000 square feet of retail and restaurant space adjacent to the already thriving 700,000 square feet at Village at Prasada, this initiative is geared towards accommodating the burgeoning needs of a rapidly growing population. The development not only addresses the immediate retail desires of the community, providing convenient access to a diverse array of shopping and dining options, but strategically positions itself to support the area’s anticipated population boom, which is expected to reach 216,700 residents by 2030. Prologis Pima DC 1 Project address: 87th Avenue and Durango Street, Phoenix Project value: $51,431,960 Project start: October 2023 Project completion: May 2025 Size: 300,000 square feet Developer: Prologis General contractor: Willmeng Construction Architect: HPA Architecture Project description: A large national distributor needed a fully functional 300,000-square-foot industrial build-to-suit for the complex distribution of nearly a million product types. Designed with a three-level mezzanine for storage and stacking and multiple Opex machines, the building’s intent and use required maximum expandability, option cost analysis, site flow, future technology, and water, sewer and power considerations for future growth. PURE Pickleball & Padel Project address: Scottsdale, near Talking Stick Resort & Casino Project start: November 2023 Project completion: Early 2026 Size: 11-acre site Developer: Caliber Architect: DAVIS Project description: PURE Pickleball & Padel will claim the title of largest pickleball facility in Arizona and one of the largest facilities in the world when it opens in the Fall 2024. Phase 1 includes 28 over-sized (34’x64’) indoor pickleball courts featuring post-tension construction and premium cushion surfacing. All courts will be privately gated and fenced with professional indirect lighting and high-quality video cameras for streaming matches or recording games. At center stage, is a first-of-its-kind Championship Court (50’x70’) with a wrap-around 500-seat stadium and state-of-the-art production capabilities for televised matches. Other infrastructure under the roof will include a pro shop, café, men’s and women’s locker rooms, and private event spaces. Rehrig Pacific Buckeye Factory Project address: 8281 S. Turner Rd., Buckeye Project value: $55,075,000 Project start: September 2023 Project completion: August 2024 Size: 267,523 square feet Developer: Merit Partners General contractor: FCL Builders Architect: Ware Malcomb Project description: Part of the Buckeye Industrial Park, the Rehrig Pacific building is rail served with the team designing and building a rail spur off the main Union Pacific line to serve the entire industrial park. Utilities had to be re-routed under the rail line with directional boring, all monitored closely by the rail inspector, and connections made to the main line coordinated with the Union Pacific schedule. Rinchem Chemical Warehouse – Surprise Project address: 13255 W. Sweetwater Ave., Surprise Project start: March 2023 Project completion: March 2024 Size: 123,516 square feet Developer: Rinchem General contractor: Graycor Construction Company Architect: Archicon Architecture + Interiors Project description: This new state-of-the-art Rinchem facility underscores the opportunities that Metro Phoenix’s booming semiconductor industry creates for local business and economic expansion. Sitting on 21 acres at the northwest corner Dysart and Summit Parkway, it is designed to safely manage high purity chemicals and gasses — a service that several of the Valley’s high-growth industries depend on, including the local semiconductor industry. San Carlos Apache Healthcare Skilled Nursing & Long Term Care Facility Project address: San Carlos Apache Reservation Project value: $96,442,027 million Project start: May 2024 Project completion: May 2026 Size: 135,167 square feet Developer: San Carlos Apache Healthcare Corporation General contractor: Willmeng Construction Architect: Cuningham Group Project description: The Skilled Nursing and Long-Term Care Facility for the San Carlos Apache Healthcare Corporation (SCAHC) supports the long-term care, assisted living memory care, skilled nursing and hospice needs of the San Carlos Apache Reservation community elders. The building is organized into four “neighborhoods” surrounded by one main community gathering area. Each of the neighborhoods is comprised of 20 to 30 resident units and common amenity areas and support functions for those residents. Broadstone Uptown PHX Project Address: 500 W. Camelback Road, Phoenix Project Start: June 2021 Project Completion: June 2024 Size: 280 Units Owner: Alliance Residential Company General Contractor: Alliance Residential Company Architect: ORB Architecture Project Description: The four-story 280-unit property features studio, one, two and three-bedroom apartments ranging from 619 to 1,846 square feet. Community amenities include a pool house with upscale kitchen, a 24-hour state-of-the-art fitness center, a resort-style pool and spa, direct-access covered parking, electric charging stations, package lockers, climate controlled indoor corridors and 24/7 maintenance. SkyBridge 108 and 109 Project address: 7835 and 7733 E. Velocity Way, Mesa Project start: February 2023 Project completion: May 2024 Size: 500,000 square feet Developer: SkyBridge Arizona/SkyPlus Developments General contractor: Graycor Construction Company Architect: ADM Group Project description: Offering direct runway access, SkyBridge is designed to support a first-of-its kind Unified Cargo Processing (UCP) facility, allowing users to complete on-site cargo inspection and processing so that inbound and outbound shipments can be expedited directly to their destinations in Mexico and the U.S. The substantial new 108 and 109 Class A industrial buildings, each totaling 250,000 square feet, elevate the size and type of tenants that SkyBridge can now welcome into this concept. SIHI Mesa Grandview Business Park Project address: Loop 202 and North Greenfield Road Project value: $41 million Project start: August 2024 Project completion: September 2025 Size: 232,000 square feet Developer: Sunbelt Investments General contractor: Okland Construction Architect: Balmer Architectural Group Project description: This project will consist of large warehouse buildings, a large site development that include private roadways and agreements with City of Mesa. Each building will have a small tenant space built out to illustrate the buildings usage for future tenants. Skye on 6th Project address: 813 N. 6th St., Phoenix Project value: $77.5 million Project start: July 2021 Project completion: January 2024 Size: 360,000 square feet Developer: Hubbard Street Group General contractor: Clayco Architect: Shepley Bulfinch Project description: Located in Downtown Phoenix’s vibrant Roosevelt Row Arts District, Skye on 6th features 309 apartments, 6,400 square feet of ground-level retail space, and an 88,000-square-foot parking garage. Its wellness-focused amenities, including a state-of-the-art fitness center with a sauna, steam room, outdoor pool and spa redefine urban living by prioritizing residents’ health and well-being. Additionally, the dedicated co-working floor reflects the project’s commitment to fostering a dynamic and collaborative community. Super Radiator Coils Project address: 8743 E. Warner Rd., Mesa Project value: $27.8 million Project start: October 2023 Project completion: September 2024 Size: 150,000 square feet Developer: Scannell Properties General contractor: Brinkmann Constructors Architect: Ware Malcomb Project description: This state-of-the-art facility will operate as a western U.S. production hub for Super Radiator Coils, a manufacturer of industrial heat exchangers, coils and nuclear products. Constructed of concrete tilt-up panels, the new building will include over 45,000 square feet of Class A office space, 130,000 square feet of fully conditioned manufacturing floor space, gantry crane systems and clean room areas that support advanced manufacturing. Surprise Fire Station 309 and Community Pool Project address: Cactus Road and Perryville Road, Surprise Project value: $69 million Project start: September 2023 Project completion: April 2025 Size: 20,000 square feet Developer: City of Surprise General contractor: Willmeng Construction Architect: Architekton and LEA – Architects Project description: Fire Station 309 will be a state-of-the-art public safety facility complete with four apparatus bays, a decontamination room, turn-out gear locker room, two EMS rooms, 10 dorms, a full kitchen with pantry and more. The aquatic center is the third public pool for the city. It will include three separate bodies of water — a recreational pool, a diving/warmup pool and a competitive pool. Teravalis Project address: Sun Valley Parkway and Cactus, Buckeye Developer: Howard Hughes Holdings/Teravalis Project description: In developing 37,000 acres nestled between the White Tank and Belmont Mountains in Buckeye, Teravalis, the newest master planned community from Howard Hughes Holdings, will encompass 100,000 homes when fully built out over the next several decades. Teravalis will not only provide much-needed housing to a highly strained market, but also 55 million square feet of commercial development. The Base, Phase 1 Project address: 6232-6326 N. Litchfield Rd., Glendale Project value: $120 million Project start: July 2023 Project completion: Q1 2025 Size: 1,182,877 square feet Developer: ViaWest Group General contractor: Willmeng Construction Architect: DLR Group Project description: The Base, Phase I, is an innovative industrial complex set to transform industry standards with its collection of seven Class A buildings, each ranging in size from 85,000 square feet to 309,000 square feet. Each building within the complex is equipped with private trucking courts, attractive storefronts, robust power capacity, 32-foot clear ceiling heights, and ample parking for both commercial vehicles and passenger cars. The Osborn Project address: 3300 N. Scottsdale Rd., Scottsdale Project value: $83 million Project start: June 2024 Project completion: March 2026 Size: 418,058 square feet Developer: Empire Group General contractor: Brinkmann Constructors Architect: Douglas Sydnor Architect & Associates with Gensler Project description: The Osborn will have 226 residential units, comprising 118 active adult units, 34 memory care and 74 assisted living units with a gross floor area of 500,000 square feet. The integration of ground-level retail and restaurant amenities will invite residents and visitors alike to explore and engage in shared social, recreational and cultural experiences. A dedicated publicly accessible paseo and pedestrian pathway will run the entire length of the property along the southern edge to offer residents and visitors a place to mingle, relax and be outdoors. The Ranch Project address: Northwest corner of Power and Warner Roads, Gilbert Project value: $1 billion Project start: 2024 Project completion: 2028 Size: 4.5 million square feet Developer: IndiCap General contractor: TBD Architect: Ware Malcomb/Upwards Architects/Humphreys & Partners Architects, LP Project description: The Ranch is set to introduce 750 multi-family units, 27 acres of general commercial space and 221 acres of light industrial, with the potential of 3 million square feet of mid-bay and cross dock industrial buildings with entry points from South Power and East Warner Roads. General commercial spaces will offer a mix of restaurants, retail opportunities and a large public gathering space for both the immediate and surrounding community. The Scottsdale Resort & Spa, a Curio Collection Resort by Hilton Project address: 7700 E. McCormick Pkwy., Scottsdale Project value: $40 million Owner: Driftwood Capital Developer: Driftwood Capital General contractor: Hospitality Project Advisors Architect: MONOGRAM at BBGM Project description: Driftwood acquired the legacy conference resort in 2022 and embarked on the largest renovation in the property’s 50-year history. The now 278-room resort spans across almost 17 acres and joined Curio Collection by Hilton, a global set of remarkable upscale hotels hand-picked for their unique character and personality. Thunderbird Commerce Park Project address: 7401 E. Redfield Rd., Scottsdale Project value: $60 million Project start: February 2024 Project completion: Late 2024 Size: 243,000 square feet Developer: Creation General contractor: LGE Design Build Architect: LGE Design Build Project description: Thunderbird Commerce Park is a $60 million industrial center set on a rare 18-acre parcel within Scottsdale Airpark. This project represents an unprecedented opportunity to develop a Class-A logistics/manufacturing building in the highly coveted Scottsdale Airpark submarket. This submarket is highly supply-constrained and typically boasts the highest rental rates and tightest vacancy levels in the Phoenix Metro market. VERVE Tempe Project address: 1011 E. Orange St., Tempe Project value: $113 million Project start: June 2024 Project completion: August 2026 Size: 483,686 square feet Developer: Subtext Living General contractor: Brinkmann Constructors Architect: ESG Architecture and Design Project description: This is a fourteen-story, 261-unit student housing development in Downtown Tempe. Verve Tempe will add 771 beds to the Arizona State University campus community in addition to ground-floor retail space and two levels of underground parking. Virgin Industrial Park Project address: Northwest corner of Olive and Reems Roads, Glendale Project value: $150 million Project start: January 2023 Project completion: June 2024 Size: 1,024,844 square feet Developer: IndiCap General contractor: Graycor Construction Company Architect: Deutsch Architecture Group Project description: Virgin Industrial Park (VIP) is a multi-building development residing on 75 acres with three buildings totaling more than 1 million square feet. The proposed buildings vary in size from 212,160 square feet with the largest being 564,320 square feet. The site sits adjacent to APS’s Falcon 100MW Substation providing ample power to mission critical facilities in need of large, on-demand power sources. VT 101 Project address: 6051-6071 N. Ballpark Blvd., Glendale Project start: May 2024 Project completion: April 2025 Size: 311,660 square feet Developer: VanTrust Real Estate General contractor: Layton Construction Architect: Butler Design Group Project description: Situated adjacent to Glendale’s sports and entertainment district, VT 101 provides access to ample amenities for businesses and employees. Phase one includes two buildings totaling 311,660 square feet with ample parking and circulation to meet the needs of today’s industrial users. Phase two includes a 433,880-square-foot cross dock building and caters to tenants looking for a preeminent location in the Valley with access to a diverse talent pool. XNRGY at Gateway East Project address: 9019 E. Technology Ave., Mesa Project value: $42 million Project start: March 2024 Project completion: February 2025 Size: 263,359 square feet Developer: Boyer General contractor: Wespac Construction Architect: Gensler Project description: XNRGY, a Montreal-based company that manufactures climate systems for data centers, will move into a building with 250,000 square feet of production space and a 25,000-square-foot office. The company is already looking ahead to possibly developing an additional 750,000 square feet of manufacturing space at Gateway East. X Roosevelt Project address: 629 N. 2nd Ave., Phoenix Project value: $86.8 million Project start: August 2023 Project completion: September 2025 Size: 325,000 square feet Developer: The X Company General contractor: Brinkmann Constructors Architect: Lamar Johnson Collaborative Project description: Located in the Roosevelt Row Arts District in the heart of Downtown Phoenix, X Roosevelt will bring 19 stories and 370 luxury units to the market.Residents have access to a professional-quality workspace, a state-of-the-art gym and fitness studio, and attainable apartments including private residences and co-living suites. The community will also house 3,500 square feet of retail space on the first floor.