Author Archives: Mitch

Solis Hotel moved to October 22 agenda

The intersection of Scottsdale and Camelback roads is one of the hottest areas in the valley, especially now after the opening of the W Hotel & Residences. Another project, formerly called Waterview, is now planning to bring a five-star hotel to the region. The Solis Scottsdale Resort was on the Scottsdale Planning Commission agenda for [...]

Sheraton Downtown Phoenix Now Open

On Wednesday morning, Phoenix Mayor Phil Gordon, accompanied by city officials joined executives of Starwood Hotels and Resorts Worldwide to celebrate the grand opening of the mammoth, 1000-key hotel. Starwood, one of the largest hotel owners and operators in the world, runs the Sheraton brand, as well as the new W Hotel in Scottsdale, and [...]

CityNorth Now Renting Residential Units

The much awaited project CityNorth, which is planning a “Hollywood Style” opening in November just announced a portion of the existing residential condominiums in Phase I will become rentals. Phase I includes several shops and restaurants, in addition to the 99 residential units. The multi-billion dollar mixed-use development is nearing completion of its first phase [...]

Hyatt to accompany Aloft for first hotels on Tempe Town Lake

Earlier this week, Tempe Mayor Hugh Hallman announced that a Hyatt hotel will replace the Le Meridian planned for Hayden Ferry Lakeside. This coming just a few weeks after the public learned of Starwood’s departure from Tempe. While it has been nearly a year since employees of Starwood and Suncor were aware of the change [...]

Are some condo projects in Tempe surviving? Apparently So.

While Centerpoint sits motionless, several smaller developments around Downtown Tempe are on normal pace. Three projects, all within a short walk to Mill Avenue are gradually changing the urban fabric of the city. Skyscrapers make city skylines look great and are efficient in squeezing people into small footprints, but for some, an urban townhouse might [...]

Chandler Mixed-Use Project Broke Ground on Phase II Tuesday

San Marcos Commons broke ground on their much-needed mixed-use development in Historic Downtown Chandler Tuesday. The 15-acre site is located on the Southwest corner of Chandler Boulevard and Arizona Avenue, across from the Performing Arts Center. As majority of mixed-use projects today, the developer has phased it out over a long period of time. Phase [...]

Mesa City Council amends vision for Gateway, new urban center now possible

The last major General Plan to be approved in Mesa was back in 2002 (2025 General Plan), which had many focal points, one being on residential housing growth on a horizontal level and also a new “city” in the Gateway region. However, the vision for Gateway was focused primarily on industry, not an urban mix [...]

Palisene and One Scottsdale moving forward

Over the last couple years, Phoenix Metro has become slightly notorious for developers submitting glamorous projects to the municipalities only to cancel soon after for failure to secure funding. Key parcels in downtown Tempe, Scottsdale and Phoenix have been constantly changing hands and reformatting their proposed uses (usually decreasing the amount of residential units). After [...]

Another Investor Group to Battle Mortgages Limited Securities

While the nightmare on Wall Street unfortunately continues, there is a now a small twist added to the Mortgages Limited Securities (MLS) Bankruptcy case. This small twist could have a ripple effect and end up turning this case into a very lengthy process, ultimately hurting the naked Centerpoint Towers. U.S. Bankruptcy Judge Randolph Haines, who [...]

Cityscape lands $200 million in new partnership

In the wake of the terrible news on Wall Street yesterday, one of the most expensive mixed-use developments in the country, city-scape receives great news from a Texas investment-management company. CDK Realty Advisors out of Dallas has agreed to partner and fund up to a potential $200 million to Red Development, co-developer of CityScape. The [...]

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