McCormick Ranch Area eBay and PayPal Buildings Sold for $34.6 Million
Los Angeles-based Regent Properties closed escrow on the 183,700 square foot office complex home to eBay and Paypal at 90th Street and Mountain View Roads. More can be found here.
Tempe Names Developer for Hayden Flour Mill Project
The City of Tempe has announced a lease-purchase agreement for the infamous Hayden Flour Mill site. Chicago-based historic and adaptive-reuse experts Baum Development, boutique hotel operator Aparium Hotel Group, Phoenix-based architects SmithGroupJJR, and Sundt Construction will preserve the existing grain elevator and iconic four-story building. Learn more here.
An outstanding follow-up article detailing the proposed design and use is found here.
Esplanade to undergo renovations in 2015
Always thought the Esplanade’s retail shops were too hard to visit? So does the Esplanade. In 2015, renovations to the development’s ground floor and retail space will include expanding the entry points to it’s retail space, remodeling of retail units to include indoor/outdoor space, and creation of a central gathering square.
Gensler has been chosen as the project’s design firm.
The Camelback Esplanade is first-class office and retail space, located in the heart of the Biltmore Corridor at 24th Street and Camelback Road in Phoenix. Learn more here.
SoHo Scottsdale Developed eyed for 92nd Street and Bahia Drive
SoHo (Small Office, Home Office) Scottsdale has been proposed by Catclar Investments to include 64 loft-style townhouses and condominiums above retail and office space. An additional four-story building with 14 condominium units, promoting a “live-work-play” environment, is also part of the proposal.
Interestingly, in exchange for the additional height the developer is pledging more than $850,000 toward WestWorld of Scottsdale improvements.
Amenities and features include rooftop studios, atrium courtyards, ground floor retail and office space, and collaborative space.
This project is currently in a poposal stage and a request for zoning change, with plenty of opposition.