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The final steel beams have been installed on the Global Ambassador, the debut hotel from one of Phoenix’s most well-known restaurateurs, and it is expected to open late next year.
Located on the northwest corner of Camelback Road and 44th Street in Phoenix’s Arcadia neighborhood, the Global Ambassador will be a 5-story hotel with 141 rooms and several food and beverage outlets.
The Business Journal recently sat down with JLL Managing Director Ryan Timpani. The office broker shared his insights on the “flight-to-quality” space and what’s happening with older space in the Valley market.
Global real estate services firm JLL announced it will expand and relocate its Arizona headquarters to The Grove, a $400 million mixed-use development in Phoenix. The brokerage firm will occupy 31,000 square feet on the first floor of the 180,000-square-foot office building underway at 4300 E. Camelback Road, which is slated for completion in the third quarter of this year.
JLL will relocate this fall from the 18,000-square-foot space it currently occupies at 3131 E. Camelback Road, less than 2 miles from its future home. The new space will house more than 120 brokers.
A direct mail software startup is investing more than $40 million to relocate its headquarters to the Valley from San Francisco.
Last year, Sendoso signed a lease for nearly 60,000 square feet at The Grove, which is located at 4300 E. Camelback Road in the Arcadia area in Phoenix.
The company, which has $152 million in venture funding, plans to move its headquarters in November and bring close to 1,000 jobs to the city. Phoenix Mayor Kate Gallego announced the company’s move and addition of 700 jobs at her state of the city address on Friday.
RED Development announced today the new independent restaurant concept Pyro, a Japanese izakaya bistro, will make its debut as the first dining establishment coming to The Grove, a $400 million mixed-use destination on the northwest corner of 44th Street and Camelback Road.
Japanese bistro Pyro was recently confirmed as the first restaurant coming to the $400 million mixed-use development The Grove in Phoenix.
The 4,200-square-foot restaurant located at 44th Street and Camelback Road will have an open-flame concept for its menu, a cocktail bar and an outdoor patio with an open hearth.
Pyro will be open for both lunch and dinner. The development and restaurant is scheduled to open in fall of 2023.
The new independent restaurant concept Pyro, a Japanese izakaya bistro, will make its debut as the first dining establishment coming to Red Development‘s The Grove, a $400 million mixed-use destination on the northwest corner of 44th Street and Camelback Road.
RED Development this week joined Banner Health for a groundbreaking to mark the start of construction on a new single tenant medical building at its highly anticipated mixed-use development, The Grove, which is situated on the corner of the prestigious Camelback Corridor and will be home to the state’s second Banner Health Center Plus.
This grandiose property will provide a refined hospitality experience combining local connections with a global lens.
From restaurants to luxury hotels:
Sam Fox is collaborating with Brian Frakes of Common Bond Development Group in order to bring to life his very first hotel, The Global Ambassador. Frakes will support the acclaimed restaurateur in areas such as design, architectural oversight and financial modelling.
From a 6,500-square-foot restaurant and retail addition that will enhance the already popular Park Central development in Central Phoenix to multimillion-square-foot industrial parks along the Loop 303, commercial real estate showed no signs of slowing down during the pandemic. In fact, NAIOP Arizona members were busier than ever delivering an abundance of high-tech, high-style product to the market — with many more show-stopping buildings under construction or renovation. The following story showcase 32 projects, small and large, that NAIOP Arizona members are producing throughout Arizona.
Commerical real estate development in Greater Phoenix continues to move forward
