New Developments in Greater Phoenix Metro: Data Centers, Luxury Condos, and More!
Eric Ravenscroft
Delivering A Real Estate Experience Like No Other in Arizona | Real Broker | CRS | Real Estate Strategist | Specializing in Wealth Building Through Real Estate and Personal Finance | Agents vs Cancer Board Member
The Greater Phoenix Metro: Where Exciting Developments Are Shaping the Future
The Greater Phoenix Metro area is buzzing with new developments, from exciting retail expansions to cutting-edge entertainment venues and vibrant residential communities. Whether you're a resident, investor, or simply curious about what’s on the horizon, staying informed about these projects is crucial. In this weekly update, I highlight the most significant developments shaping the future of the Phoenix Metro. Dive in to discover the latest news and what it means for you!
Tract Acquires 2,100 Acres in Buckeye for $20 Billion Data Center, Set to Become One of the Largest in U.S.
Buckle up, because Tract, a Denver-based company, is making waves in metro Phoenix by acquiring nearly 2,100 acres in Buckeye for a massive $20 billion master-planned data center campus. This site, bought for over $136 million in cash from Arizona Land Consulting, will soon be one of the largest data centers in the U.S. Picture this: 40 facilities spread across 20 million square feet with a whopping capacity of 1.8 gigawatts of power.
This development is not just big—it’s transformative. It’s expected to create 500 full-time and 2,000 construction jobs, propelling Phoenix as a top market for data centers. The land, originally planned for residential development, was re-designated for industrial use due to its strategic location near Buckeye Municipal Airport and State Route 85, positioning it as a major economic growth corridor. With Phoenix's data center market recently surpassing Silicon Valley in new supply and ranking fourth in the nation for total inventory, this project is set to attract major players like Microsoft and Facebook, driving a surge in local economic activity and offering significant investment opportunities.
GSQ in Goodyear Set to Become a Culinary Hotspot with New Openings: The Stillery, Spitz, and More Join the Lineup
GSQ in downtown Goodyear is rapidly transforming into a culinary and entertainment hub. This district is on the rise with several exciting new establishments set to open their doors. Among the highlights:
These new additions, along with other upcoming spots like Shake Shack and High Tide Seafood Bar & Grill, are turning GSQ into a go-to destination for both locals and visitors. For investors, this area is becoming increasingly attractive as more high-quality dining options draw crowds, boosting the local economy.
Scottsdale's The Luxe at Desert Ridge Unveils Exclusive 4,000-Square-Foot Condos Starting at $2 Million
The Luxe at Desert Ridge is raising the bar for luxury living in Scottsdale. The Statesman Group is set to begin construction on the next phase, introducing 4,000-square-foot condominiums priced just under $2 million. Since breaking ground in May 2019, four out of the six planned buildings have been completed, but the best is yet to come.
The new phase includes 40 units, with six D'Luxe condos offering expansive living spaces—up to 3,200 square feet inside and 900 square feet outside. These are designed for those downsizing from larger homes but still craving that luxury feel, featuring three bedrooms, a den, 3.5 bathrooms, and customizable dual closets. With premium amenities like Olympic-sized pools and private parking bays, this development is perfect for buyers seeking high-end, low-maintenance living.
The Luxe’s strategic location near the JW Marriott Phoenix Desert Ridge Resort & Spa and Wildfire Golf Club adds even more allure. As Scottsdale continues to thrive, these condos represent a prime investment opportunity in one of the Valley’s most desirable areas.
Arizona Pickleball League Shines in New Amazon Prime Docuseries, Highlighting the Sport's Growing Popularity
Pickleball is more than just a game in Arizona—it’s a phenomenon. The Arizona Pickleball League is capturing national attention with the new "Breaking Pickleball" docuseries on Amazon Prime Video. This six-episode series showcases the intense competition and community spirit among five Valley-based teams, including the Scottsdale Scorchers and Gilbert Gladiators, as they battle for the Orchard Championship Cup.
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Pickleball’s rising popularity is undeniable, with USA Pickleball reporting a 15% membership increase in 2023 alone. For the Sullivans, who founded the league in 2023, this documentary is a testament to their vision and the sport’s explosive growth. For viewers, it’s a chance to see why pickleball is quickly becoming a favorite pastime across the country.
Pepper Lunch Debuts First U.S. Franchise at ASU with Expansion Plans Across Phoenix
Here’s something for food lovers: Pepper Lunch, a Japanese fast-casual chain with over 500 locations worldwide, is opening its first U.S. franchise at Arizona State University (ASU) in Tempe. Located in the University Gateway Building, this spot will bring teppanyaki-style dishes like curry rice, teriyaki, and pasta to the Phoenix metro.
This is just the beginning. Bid Investment Group, the franchisee led by Jake Ireland, has ambitious plans to open 10 more stores across metro Phoenix in the next five years. As these locations pop up, they’re likely to attract food enthusiasts from all over, making them prime hotspots for future real estate and investment opportunities.
Novva Data Centers to Invest $3 Billion in Sustainable 300MW Campus in Mesa, Arizona
Mesa is about to get greener—and more powerful. Novva Data Centers has announced a $3 billion investment to build a 300MW data center campus on 160 acres in southeast Mesa. This project, slated to begin its first phase in late 2026, promises cutting-edge sustainability features.
With a water-free air-cooling system, biofuel-powered backup generators, and rainwater capture systems, Novva’s Mesa campus is designed to conserve up to 650 million gallons of water annually. These innovations make it a model of energy efficiency, which is great news for Mesa’s environment and economy alike. As the data center industry continues to boom, Mesa’s position as a tech hub is solidifying, presenting exciting opportunities for investors and residents.
Blandford Homes Launches Upper Canyon in Ahwatukee: Last Major Development to Feature 1,050 Homes and 479 Rentals
Ahwatukee is getting its last major development, and it’s a big one. Blandford Homes is launching Upper Canyon, a master-planned community that will feature 1,050 single-family homes and 479 rental units. This project has been in the works for decades, with Blandford finally securing the land in 2021 after a competitive auction.
Upper Canyon is a major win for Ahwatukee, bringing a mix of high-end homes and rental options to this sought-after area. With prices ranging from the high $600,000s to over $1 million, these homes are designed to attract discerning buyers. Blandford’s strategic partnerships with PulteGroup and D.R. Horton ensure that this development will cater to a wide range of residents, from families to retirees.
As Ahwatukee’s final large-scale development, Upper Canyon is a landmark project that will shape the area’s future for years to come. For those looking to invest in one of Phoenix’s most established communities, this is an opportunity not to be missed.
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Stay Ahead of the Curve
As the Greater Phoenix Metro continues to grow and evolve, these developments are just the beginning of what’s to come. From retail giants to innovative entertainment and thriving new communities, the region is a hotspot for both lifestyle and investment opportunities. To stay ahead of the curve, visit our 'News, Updates, and Coming Soon' page weekly, and don’t miss out on the latest happenings in your neighborhood.
Curious how these developments can elevate your real estate strategy? Let’s chat and turn these opportunities into your next success story! Book a time with me below to dive deeper into these exciting opportunities and tailor them to your real estate goals.
Investment Firm CEO helping Sports Investors maximize ROI and portfolio growth | Sports Investment | Sports Operations | Venture Capital & Marketing
2 个月Fantastic article! Eric Ravenscroft
Unlocking Tax Savings & Real Estate Wealth | Real Estate Advisor @D1AgentGroup
2 个月Love seeing this growth and the opportunities it brings for businesses in the construction trades!