The developer has not received full approval from the town, but Mary-T Inc. is planning a mixed-use development at the northeast corner of Cottonwood Lane and Peart Road in Casa Grande. AZBEX reports the development will combine 77 age-restricted apartments and more than 30,000 square feet of retail.
Plans for the Mary-T Marketplace and Senior Residences call for two 36-foot-high, three-story mixed-use buildings. Palmer Architects is designing them.
The property is comprised of two lots totaling 4.24 and 1.37 acres.
Adjacent properties include the Caliche Assisted Living Facility to the north, Villas by Mary-T senior living development to the east, undeveloped land to the south and the Canopy at Cottonwood Build-to-Rent community to the west.
For the retail uses, there can not be more than 6,660 square feet for medical use, nor more than 5,000 square feet for restaurants. Casa Grande is halfway between Phoenix and Tucson.
Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
Learn more
Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone, with Jim Gibson, brokered the $9.4 million sale of Southfield Apartments. The 84-unit multifamily complex was built in 1993 and is located at 7009 S 83rd St. in La Vista, Nebraska. Northmarq represented the seller, an Omaha-based private investor in...
Learn more
JLL has arranged the $25 million sale of FourNorth Apartments, a 76-unit boutique apartment community in Arlington Heights, Illinois. JLL worked exclusively on behalf of the seller, Benchmark Developers, in the sale of the property to a private investor. JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Bill Baumann,...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California