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Hines Wraps Up 25-Acre Land Buy for Chandler, AZ Mixed-Use Development

10/16/14

Hines has acquired a 25.5-acre site in Chandler, AZ for a mixed-use development to be called Chandler Viridian. The property is on the northwest corner of the Loop 101/Loop 202 interchange, adjacent to the Chandler Fashion Center.

Hines has been working on Chandler Viridian for nearly two years due to the significant legal complications related to the unfinished Elevation Chandler project. With the legal process regarding the site now complete, Hines expects to demolish and remove the structure in December 2014.

Alliance Residential is developing the Class A multifamily property at Chandler Viridian. Multifamily construction is expected to begin in the first quarter of 2015. Alliance Residential is headquartered in Phoenix with 33 regional offices nationwide.

In addition to the luxury apartments, Chandler Viridian will include a six-story modern brand hotel, a central plaza with 250k sf of Class A office, and retail options along with a pedestrian promenade to the Chandler Fashion Center. Chandler Viridian is located in the heart of the Chandler retail entertainment district.

Construction on the horizontal infrastructure for the commercial properties is expected to begin in the second quarter of 2015. The hotel, office and retail projects will begin construction later in 2015 and into 2016. RSP Architects of Minneapolis serves as the architect of record for Chandler Viridian. A general contractor has not been selected.






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