By Sammy Williams for AZBEX
The latest in the BEX Leading Market Series found attendees gathered at SkySong in Scottsdale on Thursday, April 4th to discuss the ever-changing world of mixed-use development.
BEX President Rebekah Morris kicked off the breakfast with an overview of the mixed-use sector, which comprises $7B in total construction costs around Arizona. Using information collected from the BEX Database, Morris described 105 projects $150M+ with 85 different owners/developers, 65 different design firms and 43 unique general contractors.
“Forty one percent of these projects do not yet have a general contractor selected,” said Morris, one of many statistics that magnified the mixed-use construction opportunities for attendees and their companies.
After outlining the market, Morris went on to introduce the moderator, Kevin Burnett, CFO of Sundt. Burnett then welcomed the panelists: Kelly Copeland, COO, Grande Vita; John DiVall, Senior VP of Real Estate Development, Ryan Companies; Aric Bopp, Deputy Director for Strategic Initiatives, City of Mesa; and Larry Pobuda, Executive VP, OPUS Group.
