Hotel, café proposed near Capitol Mall. “Grand Capitol… and Butler Housing Company [seek] a 15.6KSF, 120-unit hotel and 2,00SF restaurant project…” [First tiny houses now tinier eateries? Actually, we kid AZBEX, as we’re pretty sure that the square footage number is just a typo.] “The project [at the NEC of Van Buren and 10th Avenue] intends to serve as a proof of concept and motivator to other developers to undertake work in the area by reactivating a site impacted by blight, under-use and, ‘urban camping.’” http://bit.ly/2e1LpAy
Tempe Council OKs controversial high-rise. “The planned Crescent Rio complex [a Crescent Communities development] will be located on 3.2 acres… on First Street, just east of Hardy…. [T]he project was first brought before council last November, [but was withdrawn]… after neighbors protested… The revised plan reduced the total number of units… and cut the height… Councilmember Kolby Granville commended the developers for amending their idea [as opposed to having the attitude of]… ‘I’m taking my toys and I’m going home.’“ Amenity info plus rendering in East Valley Tribune. http://bit.ly/2dXMdJo
Is Sun City West still a Del Webb community? And why do we ask? Because according to this YourWestValley report, “the name will no longer be reflected on the entrance sign at R.H. Johnson Boulevard and Bell Road when the makeover is completed“; and because “Recreation Centers of Sun City West board director Bob Garrett… [who] wants to keep the old sign and the Del Webb reference, [said] ‘This is a Del Webb community… It was formed as Del Webb.’” More on this earth-shaking sign controversy here —> http://bit.ly/2dMvfiS
Redesign in downtown Casa Grande includes European flair. “The busy streets of Paris or Barcelona have a reputation for being pedestrian-friendly while still providing access to small cars and mopeds…. Developers of the project told the council that the proposed layout of Fifth Street incorporates [the same] concept — motorists, pedestrians and cyclists would be able to safely move through the arterial simultaneously.” For further details and project schematics [“which depict Fifth Street as being a curvy, open two-way corridor”] click through to Casa Grande Dispatch. http://bit.ly/2e9Nr1F
Yuma developers prevail at U.S. Supreme Court. Capitol Media Services’ Howard Fischer: “Tuesday’s decision… essentially cements a March ruling by the 9th U.S. Circuit Court of Appeals. The presence of community racial bias can lead a court to find that a city council’s denial of a rezoning request was the result of ‘discriminatory motives,’ even if there is no proof the council members held such views… That allows the developers in this [Yuma] case to pursue their claim in federal court but also opens the door to similar lawsuits… when an affordable housing project is nixed amid neighborhood opposition.” More in Arizona Daily Star. http://bit.ly/2dLfw0d
The unfriendly mortgage rate trend. “Rates were higher again today, marking the 9th straight day without any improvement.” And, as Mortgage News Daily’sMatthew Graham notes in his headline, “the current trend is not your friend — at least not if you want rates to go lower in the short term. However, the trend can still serve a purpose.” Click through to find out how, plus get Loan Originator Perspectives, Best-Execution Rates, and Ongoing Lock/Float Considerations: http://bit.ly/2dMuerq
Presidential candidates would do right to mention housing policy. HousingWire’s Jacob Gaffney interviews former U.S. Representative Rick Lazio, (NY) “to get some of his thoughts on where affordable housing policy stands now…. [Lazio] is a member of the executive committee of the J. Ronald Terwilliger Foundation for Housing America’s Families. The Terwilliger Foundation is hosting the Housing America’s Families Forum on November 18, 2016 at the George W. Bush Institute in Dallas, Texas.” http://bit.ly/2egmDR4
Home prices benefit from decline in foreclosures – CoreLogic. Mortgage News Daily’s Jann Swanson reports on “CoreLogic’s August National Foreclosure Report [which shows that] most of [the major indicators of housing distress have returned] to levels of the early days of the housing crisis.” http://bit.ly/2dJTDzf
Aspen Valley Polo Club Returns To Defend Its Title At The Polo Party Saturday November 5th! – http://bit.ly/2e7Zony |