Palm Court Tower will provide much needed housingbringing an important new element to the Arizona Centerfurther stimulating the downtown areas growing economy., Image courtesy of Parallel Capital Partners. by North American Development on the northwest corner of Van Buren and Fifth streets later this year. Information for disabled persons website (opens in a new tab), Rental assistance website (opens in a new tab). Located at 440 East Van Buren Street, PALMtower Residences will contain 352 apartment units; a 17,500-square-foot seventh floor amenity level with an outdoor pool It does not create an attorney-client relationship with any reader and should not be construed as legal advice. Tower http://arizonacenter.com/leasing-information/, Tempe-Coyotes deal: Dueling economic studies, California homebuilder buys last lots at north Phoenix community, Sedona housing group calls for code changes, Yuma council considers rezoning previously nixed by voters, Semiconductor supplier bringing hundreds of jobs to this Valley city. Hawkins Companies is the developer for The Ragsdale, Nelsen Partners is the architect and W.E. Self Guided Tour options available. Email: sales@azbex.com. Tel: 602-495-0747 . Located at 440 East Van Buren Street, the building will contain 352 apartment units; a 17,500-square-foot seventh floor amenity level with an outdoor pool and indoor-outdoor common space; as well as six floors of above ground parking with 370 spaces with 120 spots for bike parking. Meet the team behind the machine and taste a little of the secret sauce. The 16-acre complex has entitlements for an additional 3.9 million square feet of improvements. The six above ground levels of podium include parking stalls for 350 cars. According to a groundbreaking new report by the Common Sense Institute Arizona (CSI), Arizonas manufacturing industry is on fire, with a staggering $77.6 billion in sales for 2022, up almost 40% from 2017. The Arizona Chamber of Commerce & Industry and National Association of Manufacturers (NAM) welcomed Sen. Kyrsten Sinema, I-Ariz., as their guest at a roundtable discussion hosted at Mercury Systems to address the Arizona ranked 3rd in the Economic Performance category of the prestigious Rich States, Poor States report for 2023 by the American Legislative Exchange Council (ALEC). Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. Take Rose Law Group pc values outrageous client service. We pride ourselves on hyper-responsiveness to our clients needs and an extraordinary record of success in achieving our clients goals. 200 W. Washington Street, 20 th Floor . Phoenix The new owners plan to develop Palm Court Tower, a $100 million, 30-story luxury residential The elegant one and two bedroom floor plans feature open layouts state-of-the-art fitness center. The Grotto, a three-acre park at the center of the property, features new seating and cleanly remodeled fountains; the original Arizona Center frog statues are still standing. January 2020 True North Studio is the developer for the $140M project located at the MWC of West McKinley Street and First Avenue in Phoenix. December 2019 | KJZZ Live and virtual events bringing together the best of information and networking. Design-build firm Clayco recently started construction of PALMtower, a new 28-story residential tower in downtown Phoenix. We want to hear from you. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. The residential tower rising above the podium includes 21 floors of rental units with 90 ceilings and will offer a variety of unit sizes and room combinations with balconies from which to enjoy the views and fresh air. Together with North American Development Group, we will successfully deliver this highly anticipated project to the Phoenix community as quickly, safely and efficiently as possible.. Tower Commercial Real Estate news for every market and every facet, every day. The Opus Group is waiting on the land sale to close before moving forward. 200 W. Washington Street, 20 th Floor . Clayco Advanced Construction and Materials Laboratory, CCDI Construction Career Development Initiative. Shepley Bulfinch is the architect and Katerra is the general contractor. January 2019 LaPour Partners will develop the hotel. Chamber Business News wants to connect with you. Construction at Palm Court Tower will also begin later this year and the estimated time of completion is late 2020. This month, instead of looking at several different markets, BEX looked at the ever-growing multifamily market and put together a Top 10 list of multifamily projects, sorted by project valuation, that are currently in the design stage of development. If you have not yet subscribed to DATABEX and would like to see more projects, register for our bi-weekly webinar here. Jenny Disbrow nestled on the north side of town, close to both I-17 and Loop 101, making it Are used to deliver advertisements and other communications more relevant to you and your interests. All Rights Reserved. We do count mixed-use projects with a larger multifamily footprint and smaller commercial/office additions in the same building as a multifamily development. 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I agree that by filling out the form below, I choose to opt-in and give my consent to be emailed. ASUs Thunderbird School of Global Management has leased office space, too. About 10 percent of the units in Palm Court Tower will be designated affordable housing, according to the Arizona Center. Save my name, email, and website in this browser for the next time I comment. PHOENIX, January 11, 2022 National design-build firm Clayco recently started construction of PALMtower, a new 28-story residential tower in downtown Phoenix. The urban-inspired hotel will stand 13-stories tall and comprise 199 classic, yet modern rooms, as well as a fitness center, rooftop bar, pool and lounge. The existing AMC Arizona Center 24 movie theater is 90,000 square feet and has 24 screens, which Root said is an outdated model. Image courtesy of Parallel Capital Partners The 481,980-square-foot building is landlocked on all sides in one of downtowns most constrained sites. The downtown location provides immediate access to the largest employers in the citys central business district, along with upscale bars, restaurants and shopping destinations. Phoenix The joint venture initiated a $25 million renovation process last year with the help of Skanska USA. Located in the Warehouse, SKYE on 6th | Phoenix, Arizona Skye on 6th, in downtown Phoenixs Roosevelt Row Arts, Palm Court Tower 5th Street & Van Buren | Phoenix, Arizona A new 29-story tower, Atmosphere Tempe Atmosphereis Tempes newest student community opening August 2021. Advertise, Promote, Attend, Create Work with Connect. Subscribing is free and easy. Downtown Phoenixs 2nd Tallest Residential Tower Underway, Top Marketers: When to Redevelop a Website, Why RCLCO Encourages SFR Developers to Ready Their Shovels, Wood Partners Breaks Ground on North Carolina Community, Harbor Group Seals $122M Refinancing for Texas Property, BRIDGE Housing JV Breaks Ground on San Diego-Area Affordable Community, Crescent Communities Kicks Off Raleigh-Area Project. Typically, these households earn a combined income that is inadequate considering the cost of living in areas near their place of work. SkyscraperPage Forum > Regional Sections > United States > > Regional Sections > United States > The architect has been selected but not disclosed and a general contractor has not yet been selected on this $100M-$120M project. Phoenix August 2019 Stay informed on national, regional and property sector news that matters to your business. A cinema about half its size will be constructed in its place, and additional retail and residential space possibly student housing will eventually be attached on the theaters north side. 2.0 at Eastmark is located at the western border of the Eastmark master planned community in Mesa. Eric Miller Architect is the design firm and Inland Empire Builders is the general contractor. Phone: 480-709-4190 Since relocating its Residential Business Unit headquarters to the firms newly established Phoenix operations in 2021, Clayco is transforming the downtown skyline with the construction of several multifamily high-rises, includingSkye on 6thand the recently completedX Phoenix Phase I. The report highlights Arizonas impressive Get updates on the most important news delivered right to your email. This 300-unit residential tower is positioned to become a new community area for residents. 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