Quote:
Originally Posted by Obadno
Can Anyone Get this full article: https://www.bizjournals.com/phoenix/...k-gateway.html
Development along the 202? "A commercial developer is seeking to expand its Valley footprint with another industrial project proposed for a key infill site along the Loop 202 in Phoenix."
What cross streets? what Lot?
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Baker Development Corp. is looking to add to its Phoenix portfolio with a business park on a prime infill site.
The developer wants to build an approximately 130,000-square-foot development across three buildings along 24th Street and the Loop 202, just north of the Phoenix Sky Harbor International Airport. The individual buildings comprise 12,000 square feet, 46,260 square feet and 72,200 square feet, respectively.
Through Berry Riddell LLC, the firm has applied for a general plan amendment and rezoning to allow for flexible industrial, warehouse, employment and showroom and retail uses. The project was presented at an informational Central Village Planning Committee meeting in May. A further hearing has not yet been scheduled by the city.
Called Phoenix Airpark Gateway, the 10-acre project has been proposed as an gateway into the residences south of the site.
"The proposed development will be the catalyst to transform this underutilized, vacant site to a start-of-the-art development which will create new jobs, generate tax revenue, enhance public safety by infilling the current unsightly vacant property, and enhance the overall aesthetic of the neighborhood all within a walkable urban-like setting," project documents said.
Along 24th Street, the development will feature commercial space for neighborhood-oriented retail and showroom space designed to attract pedestrians through landscaping, art, shade and more. The development will be inspired by Baker Development's existing VB|143 industrial project in Goodyear but it is not being envisioned as a space for large-scale distribution uses, project documents said.
Other companies involved include Butler Design Group as the architect, Hubbard Engineering as the engineer and Laskin & Associates as the landscape architect.
Baker Development paid $5.5 million for the site
Baker Development, which has offices in Chicago and Phoenix, acquired the site for $5.5 million in July 2022 from Vesta Real Estate LLC, according to Maricopa County land documents.
Recently, Baker Development received the final approval it needed from the city of Phoenix for the redevelopment of the former Motorola and Onsemi semiconductor campus near McDowell Road and 52nd Street.
The firm plans to demolish the remaining semiconductor campus site for a future corporate headquarters campus. The company previously said the property was being eyed by multiple companies and could accommodate about 2 million square feet of space.
Separately, it's also working on plans for two new industrial buildings totaling 70,000 square feet and 130,000 square feet in the Deer Valley submarket in Phoenix.
Metro Phoenix has the largest industrial pipeline in the country right now with nearly 40 million square feet of space underway in Q2 with a vacancy rate of 4.7%, according to a June 2024 Yardi Matrix report.