Phoenix, AZ  – BREW is reporting that LaPour Partners Inc. in Las Vegas, Nev. (Jeff LaPour, principal) has teamed up with Holualoa Arizona Inc. in Tucson (Mike Kasser, principal) to develop a $75 million office-hotel project at the southeast corner of 28^th Street and Camelback Road in the Biltmore area of central Phoenix.

LaPour Partners agreed to acquire the 3.618-acre site, and been working to obtain zoning approval for the mixed-use project. Fast forward one year. Zoning is in place. Holualoa has been secured as a venture partner. And in a cash sale, Camelback Collective Holding LLC (LaPour/Holualoa entity) paid $17.475 million ($110.88 per foot for the land) to purchase the property.

The site, which is now occupied by a group of office buildings, has addresses of 2801-2845 E. Camelback Road. The prime real estate was sold by Daily Double LLC in Phoenix, formed by Turf Paradise horse track owner Jerry Simms.

The deal was brokered through Jim Fijan and Will Mast of CBRE in Phoenix.

The Class A mixed-use project, being called Camelback Collective, is comprised of 120,000 sq. ft. of office space in a four-story building and a 160-room boutique hotel in a five-story structure. Construction on the spec office and the hotel is slated to start by year-end, with completion anticipated second quarter 2018. Contractor has yet to be named. Development cost (land and buildings) estimated at $75 million. Construction financing is now being arranged.

The office component will be creative space with high ceilings. Jerry Roberts and Pat Boyle of CBRE have the leasing assignment. Plans include an upscale, select service hotel, which the venture will develop and own. Sources say the developer has finalized a deal to fly the new AC Hotels By Marriott flag on the hospitality amenity.

The prime Camelback Road site is now occupied by 68,000 sq. ft. of office space in four, single-story buildings that were developed in 1978. The structures will be razed for the redevelopment.

Get more from LaPour at (702) 222-3022. Aroon Chinai is the contact at Holualoa, call him at (310) 566-3061. Talk to Simms at (602) 942-1101. The CBRE agents are at (602) 735-5555.

For full story click here https://brewaz.com/hot-news/lapourholualoa-venture-buys-camelback-road-site-planned-for-office-hotel-project/

TUCSON, AZ — Brett Cadden Anderson has been named Vice President at Cadden Community Management.

Brett was born and raised in Tucson and holds a Bachelor’s degree in environmental microbiology with a minor in business administration from the University of Arizona.  She joined the Cadden team in 2012 as a portfolio manager. She is now responsible for overseeing a team of community managers, as well as being responsible for the in house training program. Brett is a member of the CCM Marketing and Sales team. She is also a member of business organizations such as Arizona Association of Community Managers (AACM) and Community Associations Institute (CAI).

Brett has earned the designation of Certified Manager of Community Associations (CMCA) through Community Associations Institute (CAI) as well as Certified Arizona Association Manager (CAAM) through Arizona Association of Community Managers.

She is currently pursuing her Professional Community Association Manager (PCAM) designation, the highest professional designation awarded by Community Associations Institute (CAI).

Cadden Community Management has enjoyed over 29 years of success in the association management industry. Today, the company is responsible for maintaining and increasing property values of homes in approximately 220 communities in Tucson, Green Valley and Sierra Vista.

Goodbye Metrocenter? No Way! We’re All About HELLO!

PHOENIX, AZ — A rumor circulating about the demolition of Metrocenter Mall has had two results. First, considerable media coverage. Second, a public outpouring from Phoenix residents unhappy about the news. Here’s the good news: Metrocenter isn’t being demolished.

“The public’s response confirms what we’ve known for a long time – that Phoenix residents hold a special place in their hearts for this retail landmark,” said Warren Fink, Chief Operating Officer for Carlyle Development Group, the owner of Metrocenter Mall. “We feel the same way, which is why we’ve worked so hard to create concepts that will revitalize Metrocenter without losing its history.”

According to Fink, this includes a number of different concepts in the planning stages, but none at this time that include a complete demolition.

“Our vision is to create a mixed-use palate that makes the very best use of this site – both its existing space and parts of the property that can support redevelopment or new development, such as senior housing, multifamily housing, corporate office, healthcare and additional retail, restaurant and entertainment amenities,” said Fink. “Shoppers flock to this type of dynamic combination. It’s what communities want and it’s what we want to provide. This will almost certainly include some level of redevelopment and new development, but not an entire demolition.”

Carlyle’s vision is possible thanks to a June decision by the Phoenix City Council to pass a Planned Unit Development (PUD) rezoning that allows for this range of property types at Metrocenter. The PUD also allows for a height increase up to 180 feet (approximately 15 stories) and allows Carlyle to almost double its current 800,000 square feet of existing space, to a total 1.6 million square feet.

This rezoning encompasses 130 acres, with 83 acres of that occupied by Metrocenter Mall, the adjoining Macys and Sears anchor spaces, and the 10-acre land site of a future Walmart Supercenter. The balance of the PUD – approximately 45 acres – encompasses land and businesses around the mall loop road, including Castles-N-Coasters, College of America and the former Sports Authority big box.

“This has been a joint effort championed by everyone from public officials to retailers to property owners to residents. We’ve all been working to get to this spot for a long time,” said Fink. “Now that the rezoning is in place, we can move even more purposefully toward our vision.”

One of the first projects to move forward at Metrocenter has been the construction of a 148,000-square-foot Walmart Supercenter, which upon completion will sit directly adjacent to Metrocenter Mall, at the site of the former Broadway building. The development marks the single largest capital investment in Metrocenter Mall in decades. Other benchmarks on the horizon include the extension of Light Rail to the Metrocenter site, with an on-property Light Rail stop expected to be open and operational by 2023.

“The bottom line is that there’s a tremendous opportunity to do great things here. We won’t be saying ‘goodbye’ to Metrocenter for a long time,” said Fink. “We will be saying ‘hello’ to a new hub that we hope will serve the community for years to come.”