A recent surge in construction and development suggests that downtown Phoenix is experiencing a housing boom. Currently, in the core of the city's downtown, there are more than 20 condominium and apartment developments under construction. This real estate development ranges in scope, from apartments known as "micro apartments," at only 500 square feet, to much larger penthouse condominiums.
Arizona real estate transactions are best made after careful thought and planning. This is especially true with subdivision planning, for which development agreements must comply with specific legal requirements.
Redevelopment projects are a great way to improve and enhance an area. While there is many benefits for these, these projects need to be approved, especially if rezoning is required.
Phoenix is a bustling city with a huge demand for restaurants and shopping to satisfy the demands of its population. One developer has taken notice of this need and is bringing a new commercial development project to the ground floor of a downtown Phoenix high-rise building.
A Phoenix property owner may have certain plans and goals for his or her property, whether it is a recent land acquisition or one they have owned for years. Before proceeding with specific real estate development plans, however, it is imperative to review and familiarize oneself with the City's zoning requirements.
Fortunately for those involved in the real estate industry in the greater Phoenix area, recent events have shown that local residential development is prospering. As this blog reported in a previous post, the current trends indicate that multifamily residential development is thriving, which is good news for those involved in real estate development.
Arizona residents are always going to need somewhere to live, which is good news for those in the real estate industry. Recent residential development is showing particular promise for the Valley area in Arizona, which encompasses both Phoenix and Scottsdale.
A developer often has a vision of his or her development project - what it will look like, where particular structures will be and what the overall design will be. Such a vision can be beneficial, providing a cohesive concept and plan for the development project. A developer in Phoenix will need to consider the requirements of the city's zoning ordinance before instituting his or her plan, however, and may wish to consider how the city's Design Standards Committee and Design Review Committee can affect how a real estate development project takes shape.
Arizona developers may have one less factor to consider if a new bill passes. A proposed bill would prevent cities from requiring property owners to transplant native vegetation, including saguaros, a type of cactus, when developing open land. Cities would also be prevented from requiring specific plants in the development of real property if the bill passes.