Hines, the international real estate firm, has commenced construction on the infrastructure at Chandler Viridian and is moving forward with the design of the Class-A, six-story office building for the mixed-use property’s master plan development.
Chandler Viridian, located at the northwest corner of the Loop 101/Loop 202 interchange in the heart of the Price Corridor in Chandler, will include a central plaza with 240,000 square feet of Class-A office space, a luxury multifamily complex, a modern brand hotel, and retail options along with a pedestrian promenade to the Chandler Fashion Center.
Hines awarded the infrastructure project to Markham Contracting Co., Inc. of Phoenix which will be installing the necessary utilities and roads over the next six months to prepare the various uses for vertical construction. Hines also has hired Trademark Visual, Inc. of Phoenix to design and install new Chandler Viridian monument signs, and the McGough Group of Phoenix partnered with Service Direct Landscape of Phoenix to design and install the phased programming of site and landscaping improvements. The Phase One infrastructure is expected to be complete by the end of 2015.
Hines is working with RSP Architects of Tempe to design the Class-A six-story, 240,000-square-foot office building named the Offices at Chandler Viridian. The office building will feature 41,000-square-foot floor plates, high ceilings with energy efficient glass to allow for plenty of natural light, and access to a three-story parking garage. CBRE is now leasing the office space for delivery in early 2017.
“We are thrilled to commence construction on the first phase of Chandler Viridian. Installing the infrastructure is the first step while we design the office, hotel, and retail components of the project.” said Chris Anderson, managing director and city leader for Hines. “The location offers unparalleled exposure with access to Chandler’s robust technology and bio & life sciences industry clusters.”
“CBRE is excited to commence leasing of the office space. We believe the high-quality location along with the large, flexible floor plates and robust amenities within walking distance will be attractive to a large variety of tenants considering the Southeast Valley,” said Jerry Roberts, executive vice president at CBRE.
Details about the project can be found at www.chandlerviridian.com.
Hines is a privately owned global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries. Hines has $84.9 billion of assets under management, including $42.7 billion for which Hines provides fiduciary investment management services, and $42.2 billion for which Hines provides third-party property-level services. In 2014, Hines completed over $8 billion in transactions on behalf of its investment management clients. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired more than 1,000 properties, totaling over 339 million square feet. The firm’s current property and asset management portfolio includes 511 properties, representing over 176 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
