Uncover the Attraction of Weylyn Luxury Apartments in Laveen and more residencies
Developer P.B Bell recently opened the new Weylyn Luxury Apartments located at 9100 S. 59th Avenue in Laveen.
The available units range from 792 to 1,334 square feet, with monthly rental rates starting at $1,595.
The new community, developed and managed by Scottdale based P.B Bell, was carefully designed to fit the agricultural style of the surrounding area. The blueprints include pitched roof elements, spacious patio/balconies, pop-outs, and a mix of building materials that reflect Laveen’s agrarian history in the southwest Valley.
As residents and guests approach Weylyn’s main entrance, they will notice a prominent community water tower that stands as a landmark, as well as a community one-stop shop and information center.
MT Builders will be the general contractor. The project consultant team consists of BMA Architecture, Terrascape Consulting, Anderson Design, and Lawrence Lake Interiors.
This marks P.B. Bell’s 37th multifamily community in metro phoenix, adding 7,502 units that have been developed over the past 45 years.
The Scottdale developer is currently working on multiple projects, one is their inaugural single family rental community, Marketside Villas, at Verrado in Buckeye. This community will consist of 150 units. That project is expected to be completed and ready to open this year.
Also, The Moxie in Gilbert is accepting applications and anticipating to open this year, with a 205-unit residential complex. In 2025, the Everly at Morrison Ranch will be open with 236 units.
The Landing at Fiesta Village, located at 1310 W Southern Ave. in Mesa, has been sold by P.B Bell and Rockpoint, a Boston-based real estate private equity firm. Bought by the Salt Lake City investment firm Millburn & Co.
In 2020, P.B Bell and Rockpoint joined forces to develop the 10.2-acre property into a residential complex consisting of 220 units. The available floor plans will vary in size, with one-bedroom options starting at 726 square feet and three-bedroom options up to 1,278 square feet.
The details about the financial terms of the transaction, including the buyer, are not disclosed to the public.
Fiesta Village sets the benchmark for residential living in the City of Mesa. In a statement, P.B Bell COO Justin Steltenpohl emphasized the contemporary aspects, smart living, and exceptional amenities to provide residents a luxury lifestyle in the conveniently located Mesa suburb.
The Landing at Fiesta Village offers a range of amenities. These include a business center, a fully equipped 24-hour fitness facility, a resort style pool, dog park, dog spa, and community playground for everyone to enjoy. Each room offers a high-end gourmet kitchen featuring luxurious granite countertops, custom cabinets, stainless steel appliances, and spacious outdoor balconies.
Rockpoint has been active as a seller in Arizona. In April, the Scottdale Plaza Resort was sold to Trinity Investments in a $124.3 million transaction.
Rockpoint has been invested in 503 transactions since 1994, with a total peak capitalization of around $80 billion.
Old Town Scottsdale loses some ambiance
After 17 years of being a sushi restaurant with a karaoke bar, Geisha A Go in Old Town Scottdale has closed its doors.
In Facebook post on June 13, the restaurant announced the news that June 16 would be their final day in business. Geisha has been operated at 7150 E 6th Ave., conveniently situated off Scottdale Road. Surrounding the building by popular eateries such as The Montauk, Diego Pops, and The Drunk Monk.
“We would like to thank everyone who have contributed to the 17 year success of Geisha, where we serve sushi and singing karaoke in Old Town Scottdale!” the Facebook post said. “We want to express our heartfelt gratitude to all of our staff, both past and present, who have been part of the Geisha family. Your contributions are enough to be part of the history of this establishment. Thank you for being part of the Geisha journey!” As the property is undergoes development and our lease draws to an end, we invite you to join us for our last weekend of service. Come and enjoy our offerings before we close our doors for good on Sunday June 16th. We have a deep love for sushi, and we can’t wait to return soon! Arigato!”
Mesa Business Park
The Broadwood Business Center, a multitenant light industrial property spanning 156,154 square feet in Mesa, has recently been sold for about $32.9 million.
A partnership of Bendetti and Westport Capital Partners purchased the center, which includes eight buildings at 2452 W. Birchwood Ave. and three buildings at 2450 W. Broadway Ave. and 2451 W. Birchwood Ave. All the units were rented out at the time of the sale.
BKM Capital Partners of Newport Beach, California was the seller of the property. They acquired a portion of the property as part of a $425.37 million, 11 site portfolio purchase in 2020, which also included four Arizona properties with a price of $157.5 million.
Bob Buckley and Tracy Cartledge from Cushman & Wakefield’s Capital Markets, collaboration with Will Strong, Michael Matchett, and Molly Hunt from the firm’s National Industrial Advisory Group Mountain West, worked together to represent the seller in the transaction.
The property was constructed in the mid 1980s but has undergone significant renovation since then. It is off Arizona State Route Loop 101, between U.S. 60 and Az Loop 202.
The Broadwood Business Center is a sophisticated and high-end business park in an optimal location and features and offers a combination of small bay suites and freestanding single tenant buildings. “The project provides flexible bay sizes that can accommodate small to medium sized users,” stated Buckley, the executive director at Cushman & Wakefield’s. “The project is in a prime position to continue to take advantage of market dynamics and outstanding market fundamentals.
According to Cushman & Wakefield, the business center can accommodate a wide range of users, including showroom users, quasi retailers, manufacturers, distributors and many more.
Talking Stick Renovations
The Talking Stick Golf Club on the Salt River Pima-Maricopa Indian Community near to Scottdale has recently undergone a major renovation, updating the 25 year old facilities.
The project involved renovating and expanding the central clubhouse at the location. The clubhouse is now 20,000 square feet and features a new golf shop, grill restaurant, 200-person banquet space, bridal suite, groom room, patio, and a ceremony space.
“We have successfully doubled the clubhouse, transforming it into a stunning venue for weddings, golf tournaments, banquets and any other event our guests may need” stated Roy Smith, the general manager of Talking Stick Golf Club.” The new space features cultural touchpoints that pay tribute and acknowledge the valuable contributions of the SRPMIC community.
Talking Stick mentioned that the expansion will feature a new golf academy, sandwich house, an indoor and outdoor bar, three large hitting bays, renovated parking lot, new roundabout and a shaded canopy at the entrance.
Over Easy Growth spurt
A popular local breakfast restaurant chain will be opening its 16th Valley location in Peoria on June 22. The new restaurant will be at 25738 N Lake Pleasant Pkwy. They have signed leases for 4 additional restaurants located in Goodyear near the Civic Center, Buckeye off interstate 10 and Verrado Way, Phoenix off the 17 near dove valley, and Gilbert on the corner of Val Vista Drive and Germann road. In the year of 2025 Over Easy will have a total of 20 locations throughout the valley.
Arizona’s growth mindset continues to inspire expansion, innovation and change. Explore the new opportunities coming your way!
