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Cushman & Wakefield is pleased to present a unique opportunity to obtain a ±4.10 net acre multifamily development site located at CityNorth within the Desert Ridge Master Plan, adjacent to High Street and Desert Ridge Marketplace, at the northwest corner of 56th Street and the 101 Freeway, in Phoenix, Arizona, known as CityNorth. CityNorth is currently walkable to over 50 restaurant concepts, and is planned to include over 2 million square feet of corporate office and 1,000 hotel rooms. Service completion at the infrastructure and start of the Sunela apartments, (The Phase 1 Multifamily development), multiple groups have committed projects-including (The Phase 2 Multifamily development), 3 restaurants, 2 hotels, Republic Services, 240,000 square foot headquartered with more in negotiations. Desert Ridge currently includes 20,000 existing homes, 3,000 additional homes under construction, 4,000 existing luxury multifamily units, 1,163 units currently under construction, resorts, restaurants and entertainment. Desert Ridge caters to over 1,317,898 daytime employees and 1,994,009 residents within a 30-minute drive time. The CityNorth office development will provide over 3,000 new jobs to the community.
W of NWC of 55th St & City North Dr
Phoenix, AZ  85054
Posted: 8/31/2023
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.57 acre, high density multifamily development site in Phoenix’s rapidly transforming Downtown located in the Opportunity Zone. Located adjacent to Chase Field (Diamondbacks), Footprint Center (Suns), and minutes from the I-10 Freeway, this site is well positioned for luxury multifamily development. Phoenix’s urban revival has transformed Downtown into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 12,200-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in Downtown Phoenix. The opportunity consists of three distinct parcels with a combined total of ±2.57 acres of developable land with one parcel on the northwest corner of South 5th Street and East Lincoln Street, adjacent to two parcels on the northeast corner of South 5th Street and East Buchanan Street.
Under Contract
Downtown Phoenix Multifamily Development Site
NWC South 5th & East Lincoln Streets NEC South 5th & East Buchanan Streets
Phoenix, AZ  85004
Posted: 2/2/2022
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±3.24 acre multifamily development site located at the southwest corner of Rio Salado Parkway and Perry Lane in Tempe, across from Tempe Marketplace, a 1.3M square foot open-air shopping center with over 100 shops, restaurants and entertainment venues to choose from, including Barnes & Noble, Dave & Busters, Harkins Theatres, DSW, Michaels, PetSmart, RoadRunner Sports, Total Wine and Target, plus dining options such as Barrio Queen, King’s Fish House, Lucille’s Bar-B-Que, Portillo’s Red Robin, Genghis Grill, California Pizza Kitchen, Thirsty Lion and Twin Peaks. The Rio & Perry site is well positioned to take advantage of easy access to the nearby 101 and 202 freeways.
Under Contract
Rio & Perry Multifamily Development Site
3.24 Acres
Rio Salado Parkway & Perry Lane
Tempe, AZ  85281
Type:  Land
Posted: 9/13/2021