New shops, housing and jobs: A guide to growth in metro Phoenix

“Job creation creates a ripple effect through all layers of the local economy,” Sonnenberg concluded. The South Central Extension/Downtown Hub is a 5.5-mile extension that will connect South Phoenix to the regional light rail system, running from downtown Phoenix to Baseline Road. The $1.3 billion project broke ground in 2019, and it’s expected to be operational by 2024.

• The Rovey family plans to sell their land to developers for Legacy Point.
• We highlighted some of the notable projects that have the potential to reshape Phoenix’s skyline and economy in the years to come.
• Pinnacle at Union Park features luxury townhomes near the Sonoran Desert Preserve and Lake Pleasant.

Please enter a valid location such as a city, zip code or community name. Some of the planned improvements include the widening of I10 to six general-purpose lanes and two high-occupancy vehicle lanes between 24th Street and US 60 Superstition Highway. The Broadway Curve Area is exposed to roughly 300,000 vehicles daily, and this number is expected to increase, as Phoenix continues to grow demographically and economically. “We’re conducting geotechnical surveys now and we’ll soon begin removing asphalt in preparation for construction. We have divided the 11-mile project area into three segments and we’ll work each segment,” Tom Herrman, public information officer at ADOT, told CPE.

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Please enter a valid location or select an item from the list. Since then, Macerich has sold 95 percent interest in the project, generating $95 million in net proceeds for the company. Macerich retained a 5 percent interest in the multi-phased project, led by RED Development. Earlier this year, Intel also announced its plans to invest $20 billion to build two additional semiconductor factories at its Ocotillo campus in Chandler, Ariz. The company already has more than 11,000 employees in Greater Phoenix and the new investment will add 3,000 jobs.

“Everything ranging from advancing human rights, to developing capable leaders, to safeguarding democracy, will run through this center, just as it has run through Arizona. Phoenix, Arizona, is a metropolitan area located in the Valley of the Sun known for its vibrant culture and temperate climate. Phoenix is located within Maricopa County in Central Arizona and is one of the largest cities in the U.S with plenty of new construction home options in premier locations. With one of the best highway systems in the country, commuting is a breeze with convenient access to routes 60, 51, or interstate 10. Enjoy easy living in an amazing community and check out our new construction homes for sale with limited warranties and upgraded standard home features. Gorman & Companyplans to use COVID-19 related federal funds and a new Arizona low-income housing tax credit to build a 368-unit affordable apartment complex in Glendale.

Recharge your batteries when you connect with nature at the Echo Canyon Trail and Recreation Area, Camelback Mountain and Piestewa Park. In all their Arizona glory these outdoor venues feature amazing hiking, biking, fishing, and camping. Some must-sees include the Phoenix Zoo, the Musical Instrument Museum, the Heard Museum, the Hall of Flame Museum and the Desert Botanical Garden. The dining options here are tremendous and the offerings are diverse. Locals will suggest the eclectic choices at Chelsea’s Kitchen. When you build a new home in the Phoenix area, you’ll enjoy living a city that doesn’t just have sun and warm weather nearly year-round.

The first one is Commerce Park District, a 139-acre lot, which will house seven light industrial buildings, ranging from 80,000 square feet to 735,000 square feet, and totaling roughly 2.1 million square feet. Strategically located within the Loop 303 corridor, The Cubes at Glendale, an industrial park featuring 5.5 million square feet, will be part of the dynamic industrial market in Phoenix’s West Valley region. The industrial park will occupy 335 acres at the intersection of Reems Road and Northern Avenue in Glendale, Ariz. Townhomes and condominiums are typically more affordable in Phoenix than single-family homes with prices starting at $275,100 all the way to $4,750,000 and beyond.

These condos and townhomes feel like a traditional single family home with up to 5 bedrooms in 3,985 square feet of space. Sunny weather and a gorgeous desert landscape make the greater Phoenix area perfect for outdoor activities. And, the perfect match for year-round outdoor weather is golf!

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Use NewHomeSource to find the perfect new condo or townhome in Phoenix. Explore all these fantastic homes and make your dream home a reality today. Whether is a course designed by pro golfer, Jack Nicklaus or one of the other pristine courses playing a few rounds of golf is good for the soul.

“The opening of the South Central Extension/Downtown Hub will mark a major milestone, since it will create a two-line system. One line will travel from the Metrocenter area in northwest Phoenix to south central Phoenix, the other from downtown Phoenix to east Mesa,” Phipps explained. One major factor that has assisted in Next Brands’ rapid growth is through its new innovative modular container location concept. With the strategic design, the service time is reduced to 3½ to 5 minutes and helps with the processing time of preparing and keeping every ingredient fresh for guests. Next Brands, a family-owned strategic manager and growth accelerator of impactful food franchise brands, is growing rapidly. As a part of this growth, the brand has its sights set on the Phoenix, Arizona market for expansion further into the western region of the United States.

A lot of employment is also concentrated in the tourism industry as the city receives over 16 million visitors every year. Furthermore, these suppliers will also create demand for adjacent services such as accounting, legal and consulting. A 224-acre master-planned development https://ultimatestatusbar.com/change-to-live-andrey-berezins-euroinvest-shows-how-to-diversify-properly/ is set to take shape at the intersection of Interstate 10 and Loop 303, in Goodyear, Ariz. The vacant parcel, initially entitled for a mobile home/RV park, was rezoned for the development of The Innovation Centre, a mixed-use project by Keystone Equities.