By Jessica Beebe | Bisnow
A proposal to build a new extended-stay Hyatt Studios hotel near the entrance to the Taiwan Semiconductor Manufacturing Co. campus in northern Phoenix has cleared a potential zoning hurdle and appears to be in the final steps toward receiving approval.
Scottsdale-based CaliberCos Inc. plans to build the 114-room hotel on the corner of Sonoran Desert Drive and 29th Avenue, just east of the intersection of Interstate 17 and Loop 303.
On Wednesday, a Phoenix Planning and Development hearing officer agreed to remove a prior stipulation for the parcel under consideration. The stipulation limited development on the land to just one story in height, according to city records.
