Commercial Real Estate & Business News – November 16, 2016

Scottsdale’s two emerging urban corridors – in the south near Old Town and in the north near Scottsdale Airport – will get another influx of residents after the City Council on Tuesday approved three multi-story development projects with space for a combined 1,600 apartments…»

“Once they came through and started talking with us, we did a little market research with clientele and demographic research,” said Jared Porter, co-owner of the Asian restaurant. “(Gilbert) just made a lot of sense”…»

Arizona’s first “flexible-format” Target will move into midtown Phoenix’s Camelback Corridor next year, the company announced Wednesday. The retail giant will take over the former Sports Authority building at 16th Street and Camelback Road. Target projects the store will open in July 2017, according to a press release…»
It’s one “L” of a redevelopment area, and Mesa sees it as an extension of the central business district to Southern Avenue. The city is seeking public opinion on a proposal to create a redevelopment area (RDA) in a general configuration from south of downtown on each side of Country Club Drive to Southern Avenue, and then west to the city limits…»

Heritage Communities is building its third senior living community in the Phoenix area. The Omaha, Nebraska-based owner and operator of 10 senior living communities in Arizona, Nebraska and Iowa, is working in partnership with Phoenix-based Telis Senior Living Inc…»