Read the original article here by Phoenix Business Journal. Image courtesy of NAIOP.
Redevelopment Project of the Year
Consumer Cellular at Deer Valley
Consumer Cellular at Deer Valley was once a single-story Sam’s Club retail store. It was transformed into a state-of-the-art, two-story office building with a $9 million redevelopment and was completed in June 2018.
Everest Holdings, which acquired the space in 2014 for $7.2 million, allocated the money to redevelop the space in creative ways. They worked closely with architect Studio Ma to integrate innovative modern features, such as a state-of-the-art space for employees to congregate and socialize. It also included a dramatic stadia staircase down the spine of the building, which is not only functional but an architectural feature of interest.
Owner/Developer: Everest Holdings
General Contractor: Willmeng Construction Inc.
Interior Architect: Studio Ma
Lender/Financing: BBVA Compass
Other: CBRE
Other Nominees:
The Phoenix metro area registered rent growth of 6.8 percent year-on-year as of May, nearly three times the U.S. average, according to a recent market report by Yardi Matrix. Booming development activity has failed to keep pace with sharp demand for apartments, with occupancy in stabilized properties inching up 20 basis points over 12 months as of April. According to an analysis
Harrah’s Ak-Chin Casino Resort Expansion
Owner/Developer: Ak-Chin Indian Community
Exterior Architect: TBE Architects
General Contractor: Sundt Construction & Yates Construction
Interior Architect: MKB Construction
HUB 317
Owner/Developer: DPC Cos. & Confluent Development
Exterior Architect: Ware Malcomb
General Contractor: Graycor Construction Company Inc.
Lender/Financing: Western Alliance Bank
Other: Lee & Associates Arizona (leasing broker)
Renaissance Square Reposition
Owner/Developer: Oaktree Capital Management LP
General Contractor: Wespac Construction Inc.
Interior Architect: RSP Architects
T.I. General Contractor: Wespac Construction Inc.
Lender/Financing: Lee & Associates Arizona
Other: Cypress Office Properties
The Monroe
Owner/Developer: ViaWest Group
Exterior Architect: Gensler
General Contractor: Stevens-Leinweber Construction Inc.
Interior Architect: Gensler
T.I. General Contractor: Stevens-Leinweber Construction Inc.
Other: Goodmans Interior Structures
Tucson International Airport Terminal Optimization Program
Owner/Developer: Tucson Airport Authority
Exterior Architect: DWL Architects + Planners Inc.
General Contractor: Sundt Construction
Young Mind Center
Exterior Architect: Gould Evans
General Contractor: Layton Construction
Interior Architect: Gould Evans
T.I. General Contractor: Layton Construction