People to Know Spotlight: 50 Commercial Real Estate projects to know in 2024
Every year, AZ Big Media, which publishes both PTK and AZRE magazines selects Arizona’s top people and projects to showcase in its premier commercial real estate magazine — PTK — from an impressive and competitive nomination pool. Here are the 50 commercial real estate projects to know in Arizona for 2024:
Arcadia Views
Developer: MODUS Companies
General contractor: Kinella Construction
Architect: BSB Design/Foundry 12
Sector: Multifamily
Value: $11.5 million
Size: 16 units / 1.1 acres / 16,184 SF
Start date: Jan. 2022
Completion date: June 2023
Of note: Arcadia Views is designed to capture the growing and lucrative Build-to-Rent (BTR) market by offering a single-family feel with multifamily amenities. Its modern desert architecture with outcrop shading elements is designed to meet the Department of Energy’s Net Zero Energy Ready certification requirements and will consume 50-70% less energy than standard construction.
Buckeye Village
Developer: MODUS Companies
General contractor: BeckShar Construction
Architect: Drewett Works
Sector: Multifamily
Value: $39 million
Size: 73,780 SF (site is eight acres)
Start date: November 2023
Completion date: April 2025
Of note: Replacing a long-vacant 70,000-square-foot warehouse, Buckeye Village encompasses dynamic design and technology integration. The design features modern desert architecture with horizontal shading elements with homes centered on courtyards. Sustainable products include mini-split air-conditioning systems, LED lighting, spray foam insulation in walls and roof, Low-E windows and more.