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. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
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Corina Vanek Arizona Republic 4/27/2023
The north Peoria mega-development of Vistancia has turned empty desert into a resort-like village over the past 20 years, mostly with thousands of single-family homes. But it will soon get something more: a traditional main street.
It’s the final piece of the Vistancia master-planned community, with construction starting next year. When complete, the commercial core will have restaurants and shops, a hotel, office buildings and about 1,500 luxury apartment units.
The 7,100-acre Vistancia community is divided into five “lifestyle communities,” four of which are resort-style single-family home neighborhoods with high-end amenities like golf courses, community pools, walking trail, parks and recreation facilities.
SEE IT ALL WITH PICTURES : https://www.azcentral.com/story/news/local/peoria/2023/04/27/vistancia-getting-main-street-commercial-center-restaurants-shops-peoria/70152057007/
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The commercial core, called Five North, is the last at the community, located near Loop 303 and Lone Mountain Parkway.
“This fifth and final lifestyle community has had to wait a long time,” Mark Hammons, general manager of Vistancia, said. “It was always planned for it, and we were fortunate that we were able to not do anything to disrupt the overall vision.”
Most of the development in Vistancia so far is heavily skewed toward single-family homes. Over 8,000 houses have already sold in Vistancia, and sales have started in the second phase of the Northpointe community — the northernmost and most mountainous piece of the development — with about 469 lots available.
Vistancia has some neighborhood service-scale commercial development, including a shopping center anchored by a Safeway. Barclay Group will also develop a Fry’s Marketplace-anchored center at El Mirage Road and Lone Mountain Parkway.
Five North will be the most significant commercial development in Vistancia and the surrounding area of north Peoria, totaling about 4 million square feet of buildings.
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Vistancia’s ownership and development team did a study on what was needed and desired in the area, including a survey of residents who live there.
“This creates the balance of the community,” Hammons said. “We were missing the opportunity to allow residents to have some of the great restaurants, and it diversifies the housing stock.”
SEE IT ALL WITH PICTURES: https://www.azcentral.com/story/news/local/peoria/2023/04/27/vistancia-getting-main-street-commercial-center-restaurants-shops-peoria/70152057007/
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Dining options in demand in West Valley
West Valley residents have longed for some of the high-end restaurants that exist in some of the other areas of the Valley, like Scottsdale or the Arcadia neighborhood of Phoenix. The new offerings in the commercial core will give residents more dining options closer to home, both for those who live in Vistancia and the public. No restaurant brands are yet announced, but Hammons said they will name specific restaurants soon.
“The demand is here, but we needed the critical mass,” Hammons said. Outside of the Vistancia projects, the surrounding area could support the development of 15,000 to 20,000 single-family homes, according to Hammons and land use plans for the area.
“The way the northwest part of Peoria is growing, it’s growing all around Vistancia,” he said.
The zoning on the site was approved with the master plan about 20 years ago, Hammons said, so the new projects will avoid that process. Water and other utility infrastructure on the site were also built in the early stages of development in Vistancia.
First phase to include apartments, restaurants
The development will go up in phases, starting with the street dividing the restaurant and retail “main street” from the remainder of the site. Some of the restaurants, along with apartment buildings, should start construction first. Vistancia Development LLC, the master developer of Vistancia, will create a joint venture with a developer on the first phase of the retail portion, but will sell most of the remaining pieces for development.
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Medium and high-density luxury apartments will go on the western side of the 320-acre site, creating a “density transition” that will move from residential uses to employment uses like office buildings on the eastern portion.
Hammons said companies and office brokers have already asked about locations in the office portion. Vistancia is about 10 miles from where Taiwan Semiconductor Manufacturing Co. is building its $40 billion fabrication facility, and many of the companies asking about Five North are semiconductor industry suppliers, he said.
Reach the reporter at cvanek@arizonarepublic.com. Follow her on Twitter @CorinaVanek.
SEE IT ALL WITH PICTURES: https://www.azcentral.com/story/news/local/peoria/2023/04/27/vistancia-getting-main-street-commercial-center-restaurants-shops-peoria/70152057007/
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FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. 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 your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. 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 international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
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.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
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
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