DWC’s planned office and hotel project in Tempe, Ariz. was recently featured in the Business Real Estate Weekly of Arizona (BREW).
Tempe – The red hot market in Tempe is getting even hotter as new hotel and office towers are planned on Mill Avenue alongside the landmark Monti’s La Casa Vieja restaurant. The $150 + million office-hotel project is targeted for a 2.5-acre site located at the southwest corner of Mill Avenue and Rio Salado Parkway. The development is planned by a venture formed by Douglas Wilson Cos. in San Diego, Calif. (Douglas Wilson, chairman) and Phelps Development LLC, a subsidiary of Hensel Phelps in Greeley, Colo. (Jeff Wenaas, pres.). A portion of the Monti’s restaurant, called Hayden House, will be preserved in the development.
Click here to view the full story on BREW’s website.
Douglas Wilson, Chairman and CEO of Douglas Wilson Companies (DWC), recently participated in Circulate San Diego’s (CirculateSD) panel discussion on Transit Oriented Development (TOD). The summit brought together elected officials, public sector leaders and a diverse mix of private sector land use professionals to explore what is necessary to create high-quality, financially feasible TOD projects.
Click here to read a summary of the discussion, and view photos from the event online.
The $8.8 million sale of Shadow Ranch West — a 101-acre parcel in Indio, CA that is zoned for mixed-use development — by Douglas Wilson Companies’ (DWC) brokerage division, was recently featured in REBUSINESS ONLINE.
Click on the following link to read the article online: BH PROPERTIES BUYS LAND IN INDIO FOR $8.8M.
The transaction is the second large land sale in Indio recently completed by DWC’s brokerage division. In October 2012, DWC’s brokerage team sold Shadow Ranch East, a 65-acre parcel, to Walmart. Walmart is presently building a Supercenter on the property, with an anticipated opening in 2015.
As a leading mobility advocate, Circulate San Diego will be hosting a frank discussion about how the development community can overcome the challenges associated with adding density in existing neighborhoods.
The discussion – which features a diverse panel of land use experts – will explore what policies and/or incentives are needed to streamline the entitlement process and make high-quality TOD projects financially feasible.
- Bill Anderson, AECOM
- Dena Belzer, Strategic Economics
- Stuart Chohen, TransForm
- Ginger Hitzke, Hitzke Development
- Daniel Iacofano, MIG
- Jim Schmid, Chelsea Investment Corporation
- Douglas Wilson, Douglas Wilson Companies