Abandoned North Phoenix project gets new life as $190 million sports complex
A 250,000-square-foot, nearly $190 million multi‑sport complex in North Phoenix is back on track, fulfilling the dream of SSS Partners CEO Shubham Pandey — and his neighbors. Fire ‘N Ice Arena, a nearby hotel and SSS Academy, its operator, will sit on 17.5 acres at 2727 W. Bronco Butte Trail — near the I-17 and Sonoran Desert Drive, adjacent to TSMC. Pandey said the hotel, which he called a Hilton, will open within two months. A Hilton spokesperson said, however, “Hilton is committed to…»
PV welcomes new restaurants and more at mall redevelopment
PV is getting more places to eat, stay healthy and have fun as the redevelopment of the former Paradise Valley Mall site continues. Why it matters: The bulldozed mall near Cactus Road and Tatum Boulevard is giving way to a massive, mixed-used development that will transform that area of north Phoenix. What they’re saying: “By this time next year, this will be a dramatically different place,” Jeff Moloznik, senior vice president at RED Development, told Axios. The latest: RED, which is…»
TSMC breaks ground on advanced packaging facility in north Phoenix
Taiwan Semiconductor Manufacturing Co. is planning to open its first advanced packaging facility at its north Phoenix site by 2029, according to a recent Reuters report. During a conference held Wednesday in Santa Clara, California, TSMC executives said the company has started initial work on its fourth Phoenix chip factory and broke ground on an advanced packaging facility as part of its plans to expand manufacturing capacity in Arizona, Reuters reported. “We are going to…»
Developer restores historic Phoenix building, prepares to add high-rise
Colorado-based developer has completed renovations at a century-old building in the downtown Phoenix warehouse district as it gears up to develop an adjacent high-rise project. One West Madison, previously called the Pratt-Gilbert building, was constructed in 1913 and was previously used by Maricopa County for courts. When developer Aardex bought it, the building still had a holding cell in the basement, said Caleb Hebel, principal at Aardex. The company has been restoring the building…»
4 Arizona cities rank among 50 fastest-growing suburbs in U.S.
A new ranking of America’s Fastest-Growing Suburbs and the salaries needed to afford them shows that Arizona’s desert boomtowns are turning into some of the country’s most sought‑after addresses—where rapid in‑migration is bumping up against rising home values and bigger income needs. MoneyLion analyzed U.S. Census data alongside average home values from Zillow and cost-of-living estimates from national expenditure and mortgage data to calculate what residents need to…»