Phase 2 will include a 2.5-mile extension of the system to the airport’s rental car facility near 16th Street and Buckeye Road, two new stations, an expanded maintenance facility and 24 additional cars.
The Phoenix metropolitan area has added more than 500,000 residents since 2010 — making it one of the fastest-growing regions in the country.
Arizona’s largest metro added 544,141 residents between 2010 and 2017, according to estimates released this morning by the U.S. Census Bureau. That translates to a growth rate of 12.98 percent. That pegs Phoenix as the 10th fastest-growing metro in the U.S.
Sprouts Farmer’s Market Inc. (NASDAQ: SFM) is set to anchor a new mixed-use development in midtown Phoenix. The project is called The Osborn and it is located on the southwest corner of Osborn Road and Seventh Avenue, where a Bashas’ was located for years. The retail side of the project is being called The Osborn Marketplace, and it already has a number of tenants slated to move in when it’s ready.
The fourth quarter closed out a very strong 2017 in the Greater Phoenix multifamily market. There has proven to be sufficient renter demand in the market to absorb the new inventory coming online.! View & download your copy HERE
Nikola Motor Co. has picked Arizona for a $1 billion, 2,000-job manufacturing plant and will also move its research and development and headquarters operations to Buckeye.
The plant will be west of Phoenix and sit on 500 acres.
Nikola will make hydrogen-electric semi-trucks at the planned Arizona facility.
Nikola is now based in Salt Lake City and makes electric and hydrogen-electric vehicles and parts.
Peoria-based Plaza Cos. has broken ground on a $16 million medical office project on Banner Health’s Banner Estrella Medical Campus in the West Valley.
The four-story, 64,000-square-foot property is expected to open in December, featuring a pedestrian connection to the 317-bed Banner hospital at 9201 W. Thomas Road in Phoenix.
The Phoenix area has 10,500 apartment units under construction to the tune of nearly $1.4 billion, according to a report being released today by Colliers International.
The market continues to record vacancy declines, even as new units are delivered, said Pete O’Neil, research director for Colliers International in Phoenix.
GET THE LATEST NEWS
- Arizona Market News
- Brad Cooke
- Casa Grande
- Cindy Cooke
- Colliers Cooke Team
- Colliers International
- Deer Valley
- East Valley
- Just Listed
- Knowledge Leader
- Las Vegas
- Market Report
- Metro Light Rail
- MF Pipeline
- Multifamily News
- New Developments
- North Phoenix
- Northern Arizona
- Pipeline Report
- Press Releases
- Queen Creek
- Real Estate Market
- SE Valley
- West Valley