“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “
Jerod MacDonald-Evoy , The Republic | azcentral.com 7:00 a.m. MT June 12, 2017
Money generated from the Novus Innovation Corridor will go toward building and revamping ASU athletic facilities
Sun Devil Stadium is in the midst of a $265 million renovation scheduled for completion in fall 2017. Businesses in the athletic district will pay a fee, instead of a property tax, to ASU. The money will go toward renovating the stadium and other athletic facilities.
The first phase of a project that will fundamentally reshape the east end of the Arizona State University campus and help fund the university’s athletic department is under way.
ASU and Oakland, California-based Catellus Development Corp., aim to develop 330 acres of ASU property and ultimately expect to bring about 20,000 jobs and 5,000 residents to the area.
The sports facilities district project, dubbed the Novus Innovation Corridor, has been in the works since 2015 and could create hundreds of millions of dollars for athletic facilities over the next two decades.
The first phase of the project includes 1 million square feet of office space just north of the light rail station at University Drive and Rural Road, according to a June 7 news release from ASU and Catellus. Urban residences, a hotel, restaurants, retail space and a parking structure also are expected to be built later in the first phase.
The 330 acres, which ASU has been planning to develop for some time, did not have a name until the projects were announced.
Novus, which is Latin for new, was chosen to reflect the “type of innovation that ASU is known for,” Catellus executive vice president Greg Weaver said.
“The City of Tempe is the perfect setting for the Novus Innovation Corridor and we are excited to see its potential within our borders,” Tempe Mayor Mark Mitchell said in a statement.
“Tempe has fostered a welcoming culture and built the infrastructure – with light rail, Tempe Town Lake, a vibrant downtown and future Tempe Streetcar – that makes our community the ultimate hub for new ideas.”
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
Please call or text me on my cell: 520-975-5207 or send me an e-mail walterunger@ccim.net
KASTEN LONG SALES VOLUME 1000+ APARTMENT SALES; $1+ BILLION / METRO PHOENIX AZ –
How to Capitalize on Hot Phoenix Apartment Market
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
ARIZONA FACTS – YEAR 1848 TO 2013
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 2 / 2017 / Phoenix Arizona Metro
WEEKLY APARTMENT CLOSING UPDATE THROUGH May 26 / 2017 / Phoenix Arizona Metro
DOWN TOWN PHOENIX IS HOT – MULTI-FAMILY HOUSING ANALYSIS MAY 17-2017
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
1-520-975-5207
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Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Direct: 520-975-5207
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