General Phoenix Metro Discussion Thread

[exit2lef]

Originally Posted by Obadno

Goddamn what are they going to do with it all?

I know a new research and education building is involved, but there may be more to the project.

[xymox]

Originally Posted by Obadno

Goddamn what are they going to do with it all?

Relocate their HQ?

[YourBuddy]

Originally Posted by xymox

Relocate their HQ?

Very doubtful they leave Rochester MN

[az_daniel]

One of the articles recently posted on another thread (the one about Scottsdale's NIMBYs i think?) mentioned something about Arizona Heart Health Corridor or something similar to that. Could be research related, maybe some more joint projects with universities like the recent ASU one.

[ASU Diablo]

Originally Posted by az_daniel

One of the articles recently posted on another thread (the one about Scottsdale's NIMBYs i think?) mentioned something about Arizona Heart Health Corridor or something similar to that. Could be research related, maybe some more joint projects with universities like the recent ASU one.

Bingo.

Developing this area of North Phoenix to support Mayo Clinic’s strategic vision and the “Discovery Oasis” biotechnology corridor has been a long-standing goal of Mayo Clinic, the City of Phoenix, the State of Arizona and Arizona State University. (AZBEX; September 7th, 2018; September 10th, 2019) The concept furthers Mayo’s mission of addressing humanity’s most serious and complex medical challenges while fueling local and state economic growth. Biotechnology collaborators will be invited to co-locate in what is expected to become a dynamic corridor for advancing novel medical and health care solutions.

[azliam]

Good morning - Merry Christmas and happy holidays to you all. 🎅

[DesertRay]

Don't know if anybody reported this solar manufacturing story yet.

A Swiss solar company announces a new production facility in Arizona
Michelle Lewis
- Dec. 27th 2021 9:06 am PT

Swiss solar technology company Meyer Burger announced today that it is opening a production facility for high-performance solar modules in Goodyear, Arizona – its first factory in the US, and its first outside of Europe. Solar module production is scheduled to begin by the end of 2022.


Meyer Burger’s Arizona solar factory will have an initial capacity of 400 megawatts (MW), with the potential to produce up to 1.5 gigawatts (GW). The company will initially create 250 jobs and scale up to 500 jobs and will be hiring throughout 2022. Meyer Burger signed a tenancy agreement for a newly built facility.

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Meyer Burger explained why it chose Goodyear, Arizona – a suburb of Phoenix – for its first manufacturing facility in the US:

The decision in favor of Arizona was made due to the availability of well-trained specialists on site and proximity to customers. This will enable the company to further minimize its CO2 emissions. The decision is also based on the cooperative partnerships with the city of Goodyear, the Greater Phoenix Economic Council (GPEC), and the state of Arizona.

The factory will be used to manufacture solar modules for residential rooftop systems, commercial and industrial rooftop systems, and solar parks. Solar Power World notes that Meyer Burger’s new factory will manufacture heterojunction technology (HJT) modules:

HJT combines the best qualities of crystalline silicon with those from amorphous silicon thin-film to produce a high-power hybrid cell that surpasses the performance of the industry’s go-to technology, PERC.

Meyer Burger has been an HJT market leader since 2010.

[Obadno]

22k units expected to be delivered in Phoenix for 2022.

Phoenix leads nation in expected apartment deliveries in 2022, report says

https://www.bizjournals.com/phoenix/news...eads-nation-in-apartment-deliveries.html

In a year when more new apartment units are being built nationwide since the 1980s, Phoenix is setting a scorching pace for new multifamily projects.

The Valley is set to add some 22,000 apartment units in 2022, ranking No. 1 in the nation according to a report from Texas-based RealPage, which tracks multifamily leases across the country.

With nearly 21,000 units expected to come online in 2022, RealPage said New York City ranks No. 2, followed by Los Angeles; Newark, New Jersey; and Austin, Texas, which are expected to deliver between 18,000 and 19,000 units. RealPage looked at apartment deliveries in the country's 150 largest metro areas.

While most of those markets are relatively big on a national scale and are used to big waves of new supply, the inventory increase in Arizona will be significant, the report said. The new stock set to complete in Austin will grow its existing base by 6.7%, while Phoenix is slated to see a 5.7% boost in its current stock, two of the biggest inventory increases expected in 2022.

Both developers and investors in the multifamily space are extremely bullish on the Phoenix market heading into 2022. Toward the end of 2021, Scottsdale-based Alliance Residential Co. told the Business Journal it has $500 million in apartments under construction in its southwest region, and some 2,500 units in the pipeline in metro Phoenix.

Developers, investors busy
Ian Swiergol, Alliance Residential's southwest region managing director, said that the company is expecting to break ground during Q1 2022 on a new luxury apartment project at Westgate Entertainment District, along with a more affordable community nearby where monthly rents will differ by an average of $300.

Meanwhile, Zev Hendeles, principal of Phoenix-based 3rd Ave Investments who has been busy buying apartment units in metro Phoenix — including a $65.5 million property in the Arcadia area last October — said at the time that, as numerous out-of-town investors descend on the Valley, there are still plenty of deals to go around.

“Phoenix remains a top destination in the country for investment capital and continues to get stronger,” he said. “We expect more of the same in 2022.”

Nationwide, more than 426,000 apartments are under construction and are to be completed in 2022, according to RealPage, representing the highest volume on record for the U.S. apartment market in at least 40 years, a gain of 17% from the previous year. For comparison, 2021 was also considered a record year for apartment completion volume, with deliveries topping 363,000 units. Completions in the coming year are slated to grow U.S. apartment stock by another 2.3%, RealPage said.

What's more, the volume of multifamily units authorized to be built in the U.S., but not under construction, is at its highest level since 1999. Roughly 120,000 additional units are on the books to break ground soon, the report noted.

RealPage said its upbeat report on the multifamily market even factored in the ongoing Covid-19 coronavirus pandemic, as well as supply-chain disruptions.

“While these setbacks did result in smaller-than-anticipated apartment delivery numbers in those years, it’s clear that the delays didn’t derail developers’ ability to get projects completed,” RealPage said. “In fact, the increased number of deliveries slated for 2022 are likely compounded by delays from the last two years.”

[azsunsurfer]

How much did the valley deliver in 2021?

[Obadno]

Originally Posted by azsunsurfer

How much did the valley deliver in 2021?

Not sure But I think its been between 18-20k units per year for at least the last 3 or 4 years.

[CrestedSaguaro]

I can attest to this. I do a LOT of driving and it seems like multi-family developments are popping on nearly every square mile. I may be exaggerating slightly, but it's not far from the truth. Even in historically single family home areas, I am seeing multi-family developments popping up.

Our density is increasing nicely.

[ASU Diablo]

I really hope most of the events remain in downtown like in 2015 but I have a feeling they will be more spread out this time around. Downtown has never felt more alive during this week of activities and was so awesome to see and experience. The Bud Light Party is still one of the best parties I've ever attended. You also can't beat walking around downtown for blocks with a beer.

Read in a different article that Scottsdale is really pushing to get most of the events held in downtown last time around in their area. So we will see...

https://www.bizjournals.com/phoenix/news/2022/01/24/2023-super-bowl-s-impact-on-az-economy.html

[YourBuddy]

Originally Posted by ASU Diablo

I really hope most of the events remain in downtown like in 2015 but I have a feeling they will be more spread out this time around. Downtown has never felt more alive during this week of activities and was so awesome to see and experience. The Bud Light Party is still one of the best parties I've ever attended. You also can't beat walking around downtown for blocks with a beer.

Read in a different article that Scottsdale is really pushing to get most of the events held in downtown last time around in their area. So we will see...

https://www.bizjournals.com/phoenix/news/2022/01/24/2023-super-bowl-s-impact-on-az-economy.html

I think I read or heard somewhere that they at least plan on having events at Hance Park.

[exit2lef]

Originally Posted by ASU Diablo

I really hope most of the events remain in downtown like in 2015 but I have a feeling they will be more spread out this time around. Downtown has never felt more alive during this week of activities and was so awesome to see and experience. The Bud Light Party is still one of the best parties I've ever attended. You also can't beat walking around downtown for blocks with a beer.

Read in a different article that Scottsdale is really pushing to get most of the events held in downtown last time around in their area. So we will see...

https://www.bizjournals.com/phoenix/news/2022/01/24/2023-super-bowl-s-impact-on-az-economy.html

I have never seen light rail as packed as it was during the 2015 Super Bowl. Likewise, I have never seen downtown parking as expensive as it was then. Downtown has the transportation capacity to handle the crowds. Scottsdale does not.

[combusean]

The fact that Scottsdale feels like it needs to compete with Downtown is telling of how far Downtown has come. Who knew that Scottsdale being so openly hostile to new people living in their city and going out would have such ramifications?

[MMDelon]

I look forward to what Host Committee has planned. Phoenix should be in a great position to show out. I think most of the festivities will be around Margaret T Hance park, Roosevelt Row, and Jefferson Street. Tempe and Glendale are also in great positions.

[TJPHXskyscraperfan]

I’m sure the NFL experience will still be at the Convention Center. Scottsdale doesn’t have all the buildings to have all the billboards up. All the downtown hotels will be at capacity, it will be a great showcase of how far DTPHX has gone in just 8 years! It will be lively with tons of newly filled apartments as well as new restaurants, bars and boutiques! I can’t wait! I might go to the Super Bowl this time around! Hopefully a few very high cranes for Central Station and Astra showing our continued growth!

[YourBuddy]

Originally Posted by combusean

The fact that Scottsdale feels like it needs to compete with Downtown is telling of how far Downtown has come. Who knew that Scottsdale being so openly hostile to new people living in their city and going out would have such ramifications?

They will then use the events to complain about the lack of parking.

[CrestedSaguaro]

Originally Posted by YourBuddy

They will then use the events to complain about the lack of parking.

This wouldn't surprise me. Scottsdale is so ass-backwards. The real solution they need to discuss is getting cars OFF the streets and start looking at LRT, Streetcar, BRT, etc.. but it's Scottsdale.

[ASU Diablo]

More manufacturing and HQ heading our way.

https://azbigmedia.com/business/xnrgy-will-bring-300m-investment-900-jobs-to-metro-phoenix/

XNRGY, one of the largest custom air handling manufacturers in North America, announced the construction of a new cutting-edge manufacturing facility in the Greater Phoenix area, which will be designated as their headquarters.

XNRGY is growing exponentially due to high demand for their premier climate technologies. XNRGY’s state-of-the-art 1 million-square-foot facility represents an estimated $300 million investment, creating more than 900 jobs for residents over time. With the Arizona facility, XNRGY’s total manufacturing capacity will increase to 1,250,000-square-feet including Montreal’s expansion to a 250,000-square-foot facility.

“We are grateful XNRGY has chosen Arizona as the site of its U.S. headquarters,” said Governor Doug Ducey. “XNRGY’s investment strengthens Arizona’s supply chain and shows once again there is no better state for advanced manufacturing. XNRGY’s facility will create hundreds of high-wage jobs for Arizonans, adding to our state’s skilled workforce.”