TUCSON, AZ (July 14, 2025) — Tucson Greyhound Park demolition has officially begun at the long-vacant property, clearing the way for a major redevelopment that aims to bring new life to one of South Tucson’s most recognizable—but long-dormant—properties.

The park, located at 2601 S. 3rd Avenue in South Tucson, permanently closed on June 18, 2022, after more than 75 years of operation. Once a regional hub for greyhound racing, the site sat idle and deteriorating for years. Demolition efforts began in mid-2025, with RCD Demolition handling the work to clear the 16.88-acre site, which includes a 48,929-square-foot clubhouse and multiple ancillary structures.

According to public records, the property was purchased on June 24, 2022, by Equilibrium Funding Managers for $9,050,000. The acquisition marked the first step in a vision to repurpose the historic site into a community asset.

The current redevelopment plan includes transforming the site into a youth soccer academy operated by BVB International Academy Arizona, the U.S. affiliate of famed German club Borussia Dortmund. In partnership with the City of South Tucson, the project is expected to provide youth sports programming, job training, and employment opportunities, while also preserving community access to the site.

“This is righteous economic development for the people who live here now,” said South Tucson Councilman Brian Flagg, underscoring the city’s intent to support revitalization without displacement. Local leaders view the redevelopment as a model for inclusive growth that prioritizes community use, job creation, and infrastructure improvement in South Tucson.

While no vertical construction has started yet, demolition is a critical milestone that clears the path for the next phase. Design plans and a construction timeline for the new soccer facilities are expected to be announced in the coming months.

The sale to Equilibrium Funding Managers and the forthcoming redevelopment reflect a larger trend across Tucson and Pima County, where adaptive reuse and infill development are reshaping legacy properties for modern community needs.

Source: RED Comps #9971.

LivAway Suites Tucson has commenced construction on a new extended-stay hotel, marking its fourth location in the state within six months, with an expected opening in Summer 2026.

TUCSON, ARIZ. (July 11, 2025) – LivAway Suites Tucson has broken ground on a new extended-stay hotel at 1680 E Tucson Marketplace Blvd., marking the brand’s first project in Southern Arizona and its fourth location statewide in just six months. The Tucson hotel is scheduled to open in Summer 2026.

West77 Partners, the development and operating partner behind LivAway Suites, recently closed on 3.19 acres at The Bridges at Tucson Marketplace, where it plans to build a four-story, 126-room extended-stay property. The land was acquired from Tucson Retail, LLC for $2,163,100 ($15.56 per square foot) in a transaction that closed June 6, 2025. Brenna Lacey of VOLK Company represented the seller in the deal.

The new hotel is strategically located near Davis-Monthan Air Force Base, the University of Arizona, and major healthcare facilities including Banner University Medical Center South, St. Mary’s Hospital, and the Tucson VA Medical Center. It is also within The Bridges’ dynamic mixed-use district, which continues to attract national retailers, healthcare providers, and hospitality development.

LivAway Suites is a next-generation, tech-forward extended-stay brand catering to value-conscious travelers who seek residentially inspired accommodations. The Tucson location will offer studio-style suites averaging 400 square feet, each equipped with a full kitchen, modern furnishings, high-speed internet, and smart technology features like contactless check-in. Amenities will include self-service kiosks, secure package lockers, and tech-enabled laundry facilities.

“Our residentially-inspired rooms offer multi-purpose spaces for relaxing, working and living—not just staying,” the brand notes on its website. “A fresh and modern experience through sensible, Scandinavian-inspired design.”

This project is part of LivAway Suites’ aggressive expansion strategy across Arizona, with similar 126-room hotels underway in Tolleson, Glendale, and Surprise. West77 Partners, which recently relocated its headquarters to Scottsdale, is spearheading the brand’s rollout in high-growth metropolitan areas.

The Tucson property is expected to serve a diverse clientele, including professionals from major employers such as Raytheon and Caterpillar Inc., as well as medical travelers, university guests, and relocating families. By blending affordability with upscale design, LivAway Suites aims to redefine expectations within the upper-economy extended-stay hotel segment.

MARANA, ARIZ. (July 10, 2025) – Lennar Homes has closed on a strategic acquisition of 58 platted and engineered lots within the Twin Peaks Vista subdivision for the total sum of $1,740,000 ($30,000 per lot). Twin Peaks Vista subdivision is located at the intersection of Twin Peaks Road and Decker Road, just north of Linda Vista Boulevard and east of Interstate 10 in Marana.

According to town plat maps, these 58 residential lots are laid out under the Twin Peaks Vista Specific Plan, each conforming to a minimum lot size of 6,000 square feet, and average lot size 7,855 square feet.

Twin Peaks Vista sits within one of Marana’s most sought-after growth areas, offering convenient access to both Interstate 10 and the emerging Preserve at Twin Peaks community—already under development since 2019 by Lennar https://realestatedaily-news.com/lennar-closes-on-195-lot-prelim-plat-for-6-7-million-in-marana/. The location benefits from planned infrastructure, proximity to existing Lennar neighborhoods, and strong regional demand for new single-family homes.

This acquisition aligns with Lennar’s strategy of securing well-positioned land parcels with engineered lots, enabling faster rollout of model homes, reduced permitting time, and cost control. Industry tracking confirms Lennar’s active expansion in the Twin Peaks corridor, including the nearby 195-lot Preserve at Twin Peaks community, purchased for approximately $6.7 million ($34,400 per lot).

With this pull-through of engineered inventory, Lennar can accelerate homebuilding supply to meet the growing demand of buyers in Marana and Tucson. The Twin Peaks Vista lots are poised to support new phases of single-family or multi-family development as infrastructure schedules permit.

Source: RED Comp #11950