A west Mesa apartment complex near the intersection of Dobson and Broadway roads is getting a face-lift.
San Diego-based Redhill Realty Investors bought the 256-unit Madera Apartment Homes in October 2006. Now, the complex is undergoing $2.6 million in renovations.
The upgrades include new exterior paint and signage, landscape improvements, new lighting and more covered parking.
Inside, apartments are receiving new paint, flooring, appliances, window coverings, fixtures and other upgrades.
The one- and two-bedroom units range from 550 to 1,100 square feet.
Rents run from $625 to $910, a $75 to $100 increase over pre-remodeling rates.
The renovation is one of a number of projects revitalizing west Mesa.
The Riverview shopping center is being built near Dobson Road and Loop 202. Light rail is planned for Main Street. And Fiesta Mall is getting a makeover.
The Madera apartments are managed by Greystar Real Estate Partners.
Also in west Mesa, a major residential and retail development being planned in the Fiesta District is going “green.”
Chicago-based developer Tom Roszak has designed AquaTerra to achieve certification under the Leadership in Energy and Environmental Design, or LEED, national rating system.
The system, created by the U.S. Green Building Council, is a benchmark for sustainable building.
The AquaTerra project will include roughly 330 condos, 15,000 square feet of retail space and a hotel. Construction is slated to begin in summer 2008.
An office complex is under construction along Thompson Peak Parkway in north Scottsdale.
Called Canyon Village, the development will sit just south of Bell Road and have four office buildings — totaling nearly 70,000 square feet. It’s being built by DMB Holdings, according to commercial brokerage Grubb & Ellis.
The project is expected to be completed next year.
In the single-family home market, a developer is planning a subdivision of 38 custom homes in Chandler.
Chandler-based Ward Real Estate and Development is calling the project Galileo Piazza. It will sit on 34 acres at the southwest corner of 116th Street and Riggs Road. A city spokesman said the developer could potentially break ground on the project in 2008, though it depends on housing market conditions.