Arizona’s Hottest Recent Commercial Real Estate Developments

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With Arizona becoming a hotbed for commercial real estate opportunities, you’ve likely noticed a lot of construction around town. New medical facilities, multifamily development, retail, and office spaces are under construction throughout the region. With so many projects in the works, it can be hard to keep track of what’s new in development. 

Plaza Companies is leading the way in the current commercial real estate marketplace, and was recently ranked in the top 10 development firms in the state. Here are some of the company’s most recent projects and developments you should be aware of.

State-of-the-Art Senior Living Residences

In partnership with Mather, a non-denominational not-for-profit organization, Plaza Companies has finished construction on Splendido at Rancho Vistoso. These senior living residences were made with integrity, quality, and style in mind. These residences are not your run of the mill senior facilities, they feature a creative arts studio, a 20-meter saline lap pool, and an 18-hole putting course. 

Park Central Redevelopment Continues to Make Progress

Park Central in midtown Phoenix continues its revitalization with a $33.5 million parking structure and continued construction on the new Aspire at Park Central multifamily project. “Park Central’s vision is about connecting the business community, the public sector, and the arts,” said Sharon Harper, Chairman and CEO of Plaza Companies. A significant new public art component will be installed in the parking structure titled ”The New Archive”, consisting of six 21-foot by 10-foot murals. 

SkySong Continues Leasing Momentum

SkySong, The ASU Scottsdale Innovation Center, continues its leasing momentum by welcoming T.Y. Lin International Group to the project. The highly regarded international firm has agreed to a long-term lease on a 10,099-square-foot space in SkySong 1, with occupancy beginning on July 1, 2021. They are relocating to SkySong from their existing offices on Tempe Town Lake. The project as a whole is more than 90 percent leased. 

Big Plans for 2021

In 2021, Plaza Companies and Creighton University will open the new Creighton University Health Sciences Campus, and will continue to grow the overall impact of Park Central on midtown Phoenix. Planning is underway for the sixth office building at SkySong, and Plaza is also working on medical office buildings in Prescott, Phoenix and the East Valley. Additionally, the company is seeing significant growth and expansion in its brokerage services, property management, and tenant improvement construction divisions. 

Develop Your Commercial Real Estate With Plaza Companies

With almost 40 years of experience, Plaza Companies has earned a reputation as a leader in development and commercial construction. With on-time construction and diligent budgeting, we specialize in building a relationship that is as strong as the properties we develop. 

Explore our website to see our portfolio of commercial real estate properties or contact us today to learn how we can assist you in your property development.

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Whether you are looking to us for management, leasing or development services, we can help you find the perfect space. With almost 40 years of experience, you can trust Plaza Companies to assist you with your real estate needs.

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