The Dealmaker: 3/4/2019

Scottsdale developer to embark on second downtown Phoenix apartment tower. At Third Ave. and Fillmore, just three blocks west and one block south of The Stewart Apartments, Aspirant Development “expects to break ground in April on a 17-story, 254-unit project called Aspire.” Project overview along with info/images for other Aspirant/Empire Group developments currently underway, at PBJ. (Subscriber Content). http://bit.ly/2C2uD1u

Casa Grande experiencing housing boom. “Casa Grande’s building department issued 101 new home permits in January, a number the city hadn’t seen in years.” City Planning and Development Director Paul Tice and Brown Homes CEO Michael Brown each weigh in on the “positive momentum” — in CG Dispatch. http://bit.ly/2EuMIWG

Richmond American Homes restocks 74 lots at La Estancia Tucson. “Richmond is finishing its first 99-lots that started in 2017, and this is the second phase of an option agreement with Sunbelt Holdings, the developer of La Estancia.” RED News. http://bit.ly/2HcXbsJ 

Buyers in metro Phoenix housing market are seeing better times. “It’s still a seller’s market in metro Phoenix, but buyers are gaining ground.
Valley home prices are holding steady, instead of climbing as they did last February. At the same time, the number of homes for sale is up.” AZCentral. http://bit.ly/2VFO8Vj

Phoenix sees 2nd-largest growth in renters over 60 in the nation. That, according to RentCafe, which “found that Phoenix more than doubled its number of elderly renters” from 2007 to 2017. Which other Valley rental market experienced big growth thanks to seniors seeking a “freer lifestyle”? Find out at KTAR. http://bit.ly/2ENI8Eb

Following residential: Commercial permits see 350 percent increase in Peoria. “The city has seen an explosion of housing growth in the last decade, and commercial development has followed in a big way.” YourValley breaks down the numbers and looks at some of the projects that “have created a buzz” among residents of this “untapped goldmine.” http://bit.ly/2NIkJqo

Medical isotope company preparing to build facility in Goodyear. “Arizona Isotope Science Research Corp. is preparing to begin construction on a facility in Goodyear to manufacture isotopes that will allow medical professionals to clearly see abnormal blood flow in patients… The facility is directly west of land purchased by Microsoft.” PBJ (Subscriber Content). http://bit.ly/2VzGxav

Construction on new South Mountain Freeway could finish 3 years early. Drivers could see the freeway opening as early as December 2019 — and coming in at “$100 million under the original plan.” Another news-worthy nugget emerging from this KTAR report comes courtesy of ADOT spokesperson Dustin Krugel, who teases: “We’ll have excess land that ADOT may be able to sell at the end of the project.” http://bit.ly/2VBVtoF

New Flagstaff zoning manager faces long list of council land use wants. “As [Dan Symer] begins his job, the city is in the middle of developing or updating two neighborhood plans and there is continued council interest in taking a second look at how the zoning code deals with large, and often student-focused, development projects.” Arizona Daily Sun. http://bit.ly/2SIoNbl 

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