Midtown Phoenix is no longer a canyon of far-from-full office towers built more than three decades ago.
The area that businesses moved away from in the late 1990s is now drawing start-ups and big companies that want to be near light rail, new restaurants, apartments, redeveloped buildings and revived historic neighborhoods.
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A new AC Hotels by Marriott has opened in Phoenix’s upscale Biltmore area, and it looks to cater to both business and leisure travelers.
The 160-room AC Hotel Phoenix Biltmore is part of the Marriott International (Nasdaq: MAR) brand that has heavy European influences. The property, at 2811 E. Camelback Road, had a soft opening in October and held a grand opening event on Nov. 8.
Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II
October 10, 2018 (posted date)
Tags: Park Central Mall, Holualoa Companies
$28 Million Transaction Closes Wednesday; Plans Underway for Major New Residential Project Along With Creighton Health Campus, Expanded Office/Retail Redevelopment
The ownership group that is redeveloping the Park Central Mall property has purchased an additional 21 acres of property and an additional 193,000-square-foot building, consolidating ownership of Park Central for the first time in decades.
And, as part of the purchase, Tucson’s Holualoa Companies and Peoria-based Plaza Companies announced plans for an ambitious Phase II for the redevelopment, which will include a new nine-story residential complex to go along with a new Creighton University health sciences building.
The first new-build office space in the Camelback corridor in 10 years is nearing completion, as finishing touches are being added to the Camelback Collective mixed-use project, which will bring 115,00 square feet of office space and 160 hotel rooms to the area.
The project, at Camelback Road and 28th Street, has been under construction since February 2017 and cost more than $80 million to develop, said project leaders from Tucson-based Holualoa Cos. and Las Vegas-based LaPour Partners.
The project’s office portion is scheduled for completion by Aug. 24. The hotel, an AC Hotel by Marriott, is scheduled to open in October, said Stanton Shafer, principal and COO of Holualoa.
The project was designed with cross-utilization in mind, with conference rooms in the hotel for use by office tenants as well as others. The hotel will have a full-service bar, and breakfast and small tapas service.
“The Camelback corridor has a tremendous amount of Class A office space, but it doesn’t have a hotel that caters to business travelers,” Shafer said. “This is the perfect type of property for this location.”
Both the office building and hotel boast views of Camelback Mountain, Piestewa Peak and downtown Phoenix. Both buildings have a strong emphasis on natural light, including floor-to-ceiling windows on some sides of the buildings. The office building offers underground parking for tenants as well as a surface parking lot.
Jeff LaPour, president and CEO of LaPour Partners, said it has been about 30 years since a new hotel was built in the area, because it is “impossible to find land.” The location for the Camelback Collective was previously home to four office buildings originally built in 1978, he said.
“I first came to Phoenix in 1997, and shortly after that began looking for a hotel site on Camelback,” LaPour said.
Leases are out for signature for approximately half the office space in the new building, but floor plans up to 30,000 square feet are still available. Leasing is being handled by Jerry Roberts and Pat Boyle of CBRE.
https://www.bizjournals.com/phoenix/news/2018/08/06/mixed-use-hotel-office-development-on-camelback.html
The fifth Class A office building will rise at SkySong, The ASU Scottsdale Innovation Center in the coming months.
With the other four SkySong office buildings at high occupancy, the SkySong development team will begin work on SkySong 5, with a groundbreaking ceremony to take place on July 9. The building will be six stories — the tallest on property yet — and will include a number of features that are new to the project.
With the newest building, the total SkySong project will reach about 868,457 square feet of commercial building.
The design of SkySong 5 includes extensive outdoor work and meeting spaces as well as public art features, and continues the trend at the property of each new building having unique and distinctive features, including a large second-story outdoor patio and event space. The cost of the building and the accompanying parking structure that will be built will exceed $43 million
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Three new leases and two renewed leases totaling more than 37,000 square feet have SkySong, The ASU Scottsdale Innovation Center nearing full occupancy in its four commercial office buildings.
The new leases include:
vCore Technology Partners is moving its national corporate headquarters and approximately 50 employees to a 9,300 square-foot space in SkySong 4. vCore provides customized IT solutions such as infrastructure, cloud storage and data protection to more than 100 companies across the United States and Canada. It currently has seven locations.
“SkySong has the high tech feel, vibrant public spaces, modern architecture, and nearby amenities that will enable us to continue to attract and inspire the brightest minds to keep us at the forefront of the Information technology industry,” said vCore founder and CEO Steve Leavitt.
intelliTRACS is movings its headquarters and twelve employees to an approximately 4,000 square-foot space in SkySong 4. It provides identification, assessment, and control of financial exceptions caused by payment failures, trade breaks, and service inquiries. It is part of SunGard’s IntelliSUITE of solutions.
Neolight, which was founded within SkySong, is moving its 10 employees into a 2,300 square foot space in SkySong 2. The company, which designs and manufactures technology to treat infants with life-threatening medical conditions, will house their headquarters and research facility at SkySong, providing a great example of a startup company growing and expanding inside the project.
In addition to the new leases, two SkySong tenants have also renewed leases, including:
Read the entire press release at this link.
One of the giants of technology companies is relocating its presence in Arizona by leasing a significant space at SkySong, The ASU Scottsdale Innovation Center.
Oracle, headquartered in Redwood City, California and a company known as one of the largest and most innovative in the tech sector, is opening a +/-15,000-square-foot office in SkySong 3. The space will house more than 75 employees in critical areas such as software development, human resources and sales.
Oracle is a global provider of enterprise cloud computing, providing leading-edge capabilities in software as a service, platform as a service, infrastructure as a service, and data as a service. Today, 430,000 customers in 175 countries use Oracle technologies to seize business opportunities and solve real, tangible challenges.
Read the entire article at this link: SkySong Oracle Release
We are pleased to announce that Holualoa Companies Vice President-Finance, Lani Baker, is an honoree for Tu Nidito Remarkable Moms. Each year, Tu Nidito recognizes local woman who serve as outstanding role models in the community. Aside from being a devoted wife, mother and step-mother, Lani volunteers her time to multiple organizations. Congratulations to Lani on this well-deserved honor!
Click https://www.tunidito.org/ to learn more about Tu Nidito or to purchase tickets, sponsorship opportunities and tribute ads to this year’s Remarkable Celebration.