Bapchule
REAL ESTATE
Chandler Breaks Ground on Villas on McQueen in Bold Move for Affordable Housing
Chandler is welcoming a new chapter in its narrative for affordable living with the Villas on McQueen, the city's premier public housing transformation carried out through HUD's Rental Assistance Demonstration (RAD) program. Slated for a groundbreaking ceremony on June 27, 2024, Chandler city officials and development partners will gather at the North McQueen Road site to mark the progress of this project touted to aid low and moderate-income locals. Attendees at the ceremony expecting a follow-up with refreshments, according to the City of Chandler's announcement.
Metro Phoenix's West Valley building boom spurred by TSMC, Amkor means thousands more houses
The West Valley is the hottest spot for homebuilding in metro Phoenix, and the huge expansions of the Taiwan Semiconductor Manufacturing Co. and Amkor Technology will spur thousands more new homes in the already growing area. The two big firms are expected to add at least 8,000 jobs in the northwest Valley and that doesn’t include new jobs created by their many suppliers. Many people are moving to the Phoenix area for well-paid positions, and they need homes. ...
The Switchyard is Queen Creek’s New $120 Million Development Project
The leading real estate developer Creation, announced its new project located in the heart of Queen Creek called The Switchyard. The new development is a $120 million mixed-use project that includes 54,000 square feet of restaurant, retail and office space. The gorgeous new development will sit on 10 acres of...
Living in the ‘First Car-Free Neighborhood in the U.S.’ for $1,472 a Month
In early 2024, Jada Stratman, a 25-year-old entrepreneur, was on the hunt for retail space for her candle business, Brite Candle Co. During her search, she discovered Culdesac, the first car-free neighborhood built from scratch in the U.S. Culdesac, located in Tempe, Arizona, emphasizes biking, walking, and public transit over car usage, offering residents discounts on transportation services like Waymo, a self-driving taxi. The community, which currently houses 180 residents with plans to expand to over 1,000, provides a variety of amenities including a pool, gym, rental cars, light rails, and a free e-bike for each resident. The apartments range from studios to three-bedroom units, with rental prices starting around $1,400 per month. Stratman moved into a live-work space within Culdesac in February, paying $1,472 monthly plus $140 for utilities and Internet. This space features a walk-in closet, a washer, and a dryer, and seamlessly combines her retail shop at the front with her living quarters at the back.
QC home sale prices hit a new high last month
The average price of homes sold in Queen Creek last month soared 16.3% over the average for the previous May as inventory continued to rise and sellers continued to get almost their entire asking price. Data provided by Phoenix Realtors showed that the 154 homes sold last month in Queen...
Construction to begin on 15-story student apartment in Tempe
Subtext, a national student and multifamily housing developer, announced June 25 that it will start construction for the development of VERVE Tempe, a 15-story student apartment community located within walking distance of the Arizona State University campus at 1011 E Orange Street.
Nation’s First Moxy Could Become Student Housing
Tempe’s planning agency will consider a proposal that would allow investors to convert the Moxy Phoenix Tempe/ASU into student housing. Vale Student Housing hopes to change the hotel, the nation’s first under the Moxy brand, into a 277-unit student housing project comprised of 1-4 bedroom units. If approved, the project would replace the existing hotel. The Phoenix Business Journal reports the 186-key Moxy by Marriott International Inc. opened in 2016 at 1333 S. Rural Road with an aim to attract millennials and business travelers.
Elevated Class A Office Project in Mesa’s Riverview District Unveiled
Full-service commercial real estate firm Lincoln Property Company (Lincoln) unveiled plans for an expanded amenity package and move-in-ready speculative office space at Union Building One, the first of four Class A office buildings being developed by Lincoln and Harvard Investments in the heart of Mesa, Arizona’s Riverview District. Designed...
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