(29th & Sonoran Desert Townhome & Commercial. Credit: Norris Design/City of Phoenix)
By Roland Murphy | AZBEX
A new residential and commercial master plan is set to add to the burgeoning development in the area of I-17 and Loop 303.
Property owner Britmet Ventures LLC and developer Blueprint Capital have submitted a request to the City of Phoenix to rezone 40.04 acres at the NEC of Sonoran Desert Drive and the 29th Avenue alignment in the far north of the city. If approved and built as planned, the project will produce 360 traditional apartments on the northwest portion of the site, 259 Build-to-Rent townhomes on the eastern half, and 26KSF of commercial space in the southwest.
The area has been developing steadily for years. The Honor Health Sonoran Crossing Medical Center sits a little more than 1.25 miles to the northwest, and the well-established Sonoran Foothills area lies to the east across North Valley Parkway.
Development interest was kicked into high gear by the Taiwan Semiconductor Manufacturing Company plant approximately two miles to the west. There are currently four residential projects in development in the immediate area of the Sonoran Drive site totaling more than 1,100 units and estimated construction costs in excess of $215M.
Adding to the “quality of life” development in the area is the Legacy Sports Arena and Hotel Project, which will add a nearly 175KSF multi-sport indoor arena and 92 hotel rooms.
