Hotel, Office, Apartment and Retail Spaces Under Construction

PHOENIX, ARIZONA – Hines, the international real estate firm, recently joined Cambria hotels & suites for a groundbreaking ceremony at Chandler Viridian. Slated to open in 2017, the Cambria hotel & suites Chandler will feature 136 rooms, a pool with cabanas, fitness room, lounge area and 1,300 square feet of meeting space. The hotel developer is Concord Hospitality Enterprises of Raleigh, North Carolina, working closely with architect DLR Group of Minneapolis and general contractor Layton Construction of Phoenix.

The Cambria hotel & suites Chandler will be located at the northwest corner of the Loop 101/Loop 202 interchange in the heart of the Price Corridor in Chandler, Arizona. The hotel will be part of Chandler Viridian, a 25-acre mixed-use project, which also includes highly desirable office space called The Offices at Chandler Viridian, high-end apartments called Broadstone Fashion Center, sophisticated retail offerings called Chandler Viridian PRIMEGATE and a pedestrian promenade to the Chandler Fashion Center. Also featured in the master plan is a dog park, ¾ mile jogging trail connecting all of the properties, and a large public plaza with high-speed Internet and Wi-Fi – all to enhance the pedestrian experience.

In November 2014, Hines razed Elevation Chandler, an unfinished structure on site and local eyesore, to develop the Chandler Viridian master plan. Chandler Viridian was the last available site adjacent to the Chandler Fashion Center.

“Hines is thrilled Chandler Viridian is advancing as planned. We have a long-standing commitment and vision for this exciting mixed-use development featuring a modern-brand hotel, dynamic offices, high-end apartments and sophisticated retail that will strengthen the variety of existing uses at the Chandler Fashion Center,” said Chris Anderson, managing director and local city leader for Hines.

“The City is excited to see significant progress continuing at Chandler Viridian. We believe the mix of uses, including the multifamily development, hotel and restaurants, all enhance the City’s sense of place, which will help contribute to the viability of the office project. We look forward to seeing that project begin soon as we see this as a magnet for employers and employees that want to be in the heart of the Price Corridor,” said Chandler Mayor Jay Tibshraeny.

Cambria hotels & suites are designed to provide a unique and distinctive experience with the services and amenities that travelers demand, including chic décor, flexible spaces for meeting or socializing, stunning standard rooms that feel like an upgrade, and free Wi-Fi – allowing guests to stay fully connected while they travel.

“We’re elated to partner with Hines and Concord Hospitality Enterprises to bring Cambria hotels & suites to Chandler, Arizona,” said Michael Lusick, vice president of upscale operations at Choice Hotels. “The Chandler property represents another example of Cambria’s rapid expansion across the country, where we can provide an upscale offering suited for the needs of both business and leisure travelers.”

Like all Cambria hotels, the Chandler property will feature the contemporary bistro Social Circle™, serving a menu comprised of local specialties created by chef Michael DeMaria; liquor, wine and local craft beers; freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar.

“While we have developed many hotels during the past 30 years, it is a special privilege to team with friends and respected colleagues from Choice Hotels and Hines to bring the Cambria vision to life in Chandler,” said Kevin McAteer, senior vice president of marketing and sales for Concord Hospitality Enterprises.

Hines has developed, owns, and/or manages several other high-profile projects in the Valley including:  24^th at Camelback, a 302,209-square-foot Class A office tower at 2375 E. Camelback Road in Phoenix; 24^th at Camelback II, a 306,877-square-foot office building at 2325 E. Camelback Road in Phoenix; Kierland One, a 175,441-square-foot office building at 16430 N. Scottsdale Road in Phoenix; Papago Spectrum, a 159,750-square-foot office building at 1225 W. Washington St. in Tempe; Goodyear Crossing II, a 820,284-square-foot Class A industrial warehouse at 16920 W. Commerce Drive in Goodyear; Renaissance Square, a two-building office complex with 968,790 combined square feet at 40 N. Central Ave. and 2 N. Central Ave. in Phoenix; and the U.S. Airways properties, 393,770 square feet among three buildings in Tempe.

PHOENIX, AZ – Hines, the international real estate firm, has announced its sale of land for the development of the retail component at Chandler Viridian, marking the final land sale of Chandler Viridian’s 25-acre master plan and a major milestone in the mixed-use project’s development. Chandler Viridian is located at the Northwest corner of the Loop 101/Loop 202 interchange in the heart of the Price Corridor in Chandler, Ariz.

Chandler Viridian Retail LLC, formed by WINLEE Development (a division of Phoenix-based Winfield Lee Investments, Peter Nelson and Gary Emery, principals), purchased the retail land, totaling 3.25 acres. The project, called Chandler Viridian PRIMEGATE, features approximately 24,000 square feet of curated, specialty restaurant and retail amenities as a component of the larger Class-A mixed-use development under construction at the entry to Chandler Fashion Center. Chandler Viridian PRIMEGATE is located at the hard corner of the intersection of Price Road/Loop 101 Freeway and Frye Road and at the east main entrance to Chandler Fashion Center’s entertainment hub.

“Chandler Viridian PRIMEGATE serves as the ‘front door’ of Chandler Viridian and will connect our pedestrian promenade to Chandler Fashion Center,” said Chris Anderson, Hines managing director and city leader. “PRIMEGATE will provide an elevated restaurant and retail experience as additional on-site amenities to Chandler Viridian’s multifamily, Class-A office and hotel, completing our master plan vision.”

“We are enthused to bring our retail expertise to bear in working with such industry icons as Hines, Alliance Residential and Concord Hospitality to complete the vision and development,” said Peter Nelson, president and CEO of WINLEE. “Given the ultra-high profile exposure and nature of the real estate, we are setting out to create a more sophisticated experience. We were not only drawn by the potential captive customers generated by Chandler Viridian’s multifamily, office and hotel, but importantly we recognized that Frye Road now serves as a primary entrance to the regional mall for a vast number of the surrounding businesses and neighborhoods in the trade area. The project’s new, direct access off the Loop 101 Frontage/Price Road is a game changer for the intersection and, together with the draw of Chandler Viridian, has significantly raised the bar for this component of the greater mall overlay.”

Because the northbound Loop 101 bypasses Chandler Boulevard, Frye Road serves as the first access to the mall and surrounding retail for customers traveling from either direction on the Loop 202 Freeway, traveling north on Price Road from the Silicon Desert, or traveling west on Frye Road from the hospital area.

Nelson elaborated, “The overwhelming response we have already received from users prior to earnestly launching marketing efforts endorses the vision that the market here yearns for something different. By integrating the jogging trails, dog park, and pedestrian esplanades of Chandler Viridian together with our progressive architectural vision, we will fulfill this demand while still providing easy, convenient access and bountiful parking for off-site patrons drawn to the Chandler Viridian experience. We have already commenced our development efforts, and given that we do not require third-party financing, we will be able to immediately satisfy this niche.”

“The City of Chandler is delighted with the progress at Chandler Viridian and is excited to see the retail, multifamily, office and hotel take shape at the site long considered strategic to our economic development plans,” said Micah Miranda, City of Chandler’s economic development director.

Chandler Viridian Retail LLC was represented by Mike DiDomenico of Wessex Commercial Management; Wessex will also serve as property manager for Chandler Viridian PRIMEGATE. Paul Serafin with De Rito Partners and Stan Sanchez, who is now with Colliers International, represented Hines in the sale.

Contact the specialty retail leasing team of LeDonna Spongberg (602.735.5640) and Traci Russell (602.735.1764) at CBRE/UCR for inquiries. Reigle and Associates of Phoenix serves as architect.

Chandler Viridian’s apartments, office and hotel are moving forward:

• Apartments – Phoenix-based Alliance Residential Company continues to makes development strides on Broadstone Fashion Center, a 335-unit, Class A multifamily community at Chandler Viridian. This high-end residential community — part of Alliance’s exclusive Broadstone collection — will include a mix of studio, one-bedroom and two-bedroom residences plus individual attached garages. Each apartment home will feature top-of-the-line finishes, including granite or quartz countertops, full-size stainless-steel appliances, gas cooktops and faux wood-vinyl flooring. Community amenities include a two-story state-of-the-art fitness center, interior clubhouse and game room, a resort-style pool and spa area, as well as outdoor grills and gaming areas. The first units will be available for lease in the spring of 2016.
• Office – The six-story, Class A office building with 250,000 square feet of space is expected to be completed in mid-2017. The architect is RSP of Tempe; the general contractor has not been selected. Contact Jerry Roberts with CBRE (602.735.5528) for leasing inquiries.
• Hotel – Concord Hospitality Enterprises Company of Raleigh, North Carolina, is developing a Cambria Hotels & Suites, expected to be completed in the second quarter of 2017. The Cambria Hotel & Suites will feature between 130 and 150 suite-style rooms with amenities including a pool, sundeck, breakfast bar and business meeting space. The architect is DLR Group of Chicago; the general contractor has not been selected.

PHOENIX – Hines, a privately owned real estate firm involved in real estate investment, development and property management worldwide, has recycled 100 percent of the materials from Elevation Chandler after demolishing the unfinished structure in November.

More than 9,300 tons of concrete and 130 tons of steel (rebar and wire cable) were recycled. BCS Enterprises of Gilbert oversaw the recycling and razing of Elevation Chandler.

“Demolishing and recycling Elevation Chandler was an incredibly large undertaking and we are thrilled BCS Enterprises helped us ensure that 100 percent of the materials are reused or recycled,” said Chris Anderson, managing director and local city leader for Hines. “Sustainability is a cornerstone of Hines.”

Hines is building Chandler Viridian at the location, the northwest corner of the Loop 101/Loop 202 interchange.

The mixed-use development will include a luxury multifamily complex, a six-story modern brand hotel, a central plaza with 250,000 square feet of Class A office space, and retail options along with a pedestrian promenade to the Chandler Fashion Center.

Alliance Residential of Phoenix is developing the Class A multifamily property at Chandler Viridian. Apartment construction is expected to begin in the first quarter of 2015.

Construction on the horizontal infrastructure for the commercial properties is expected to begin in the second quarter of 2015. The hotel, office and retail projects will begin construction later in 2015 and into 2016.

The firm’s portfolio of projects that are completed, acquired or underway includes 1,163 properties representing more than 389 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 402 properties totaling 170 million square feet, which includes 96.5 million square feet for third parties. With offices in 121 cities in 19 countries, and controlled assets valued at approximately $30.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED^®, ENERGY STAR^®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.