Greater Phoenix Metro: Major Developments Driving Growth and Real Estate Opportunities in 2024
Phoenix Metro on the Rise: Key Developments Shaping the Future
The Greater Phoenix Metro is a hotbed of growth, with new retail hubs, entertainment spaces, and thriving residential areas continually emerging. Whether you're a local, investor, or just curious about the changes, staying informed is key. In this week’s roundup, we explore the most significant projects driving the region forward. Discover the latest updates and learn how these developments could shape your future decisions!
Major Homebuilders Fuel West Valley Expansion with New Massive Master-Planned Communities
The West Valley is seeing a surge in real estate development, with several major builders expanding their footprints. Scottsdale-based Shea Homes recently purchased the last 120 acres of the historic Rovey Farms in Glendale, paying $15.57 million for the land. This acquisition expands Shea Homes' Legacy Place master-planned community to 280 acres, where 920 homes will be built. Pre-sales for the first community within Legacy Place are expected to begin in 2025. Shea Homes is also continuing to develop in the West Valley with projects in Peoria, including the Northpointe at Vistancia community, which will eventually include 415 homes.
Other builders are also focusing on the West Valley as land becomes scarcer in the East Valley. PulteGroup is preparing to develop a 6,355-acre master-planned community called NorthPark near the Taiwan Semiconductor Manufacturing Co. plant in north Phoenix.
Update in Buckeye, Howard Hughes Holdings is prepping the land for the massive 37,000-acre Teravalis community, selling lots to multiple builders for more than 8,000 homes. The increasing focus on the West Valley underscores its growing importance as a core area for residential expansion in Phoenix.
Chandler’s District Downtown Development: New Plans for Hotels, Retail, and Mixed-Use Space in Key City Expansion
The District Downtown, a key development for downtown Chandler, is moving through the city's approval process. Initially approved in 2022, an updated version of the project was recently approved by Chandler’s Planning & Zoning Commission.
The project spans nearly 45 acres at the corner of Pecos Road and Arizona Avenue, just north of Loop 202. Featuring 360,000 square feet of office space across four buildings, a five-story hotel with 180 rooms, 795 apartments, and nearly 45,000 square feet of retail space, plus an additional 34,000 square feet for restaurants. The new plans reduce office space to 72,000 square feet in two buildings and commercial space to 45,115 square feet across eight buildings. Additionally, the updated proposal includes two hotels with a total of 196 rooms.
The project will be built in phases, starting with infrastructure improvements along Pecos Road and Arizona Avenue. The second phase will involve part of the commercial plans, one hotel, and the multifamily component, while office buildings and auto dealerships will be developed based on market demand.
VAI Resort Glendale: Unveiling Arizona's Largest Luxury Destination with New Theater and Conference Center
The VAI Resort in Glendale, Arizona, which is under construction, is undergoing several significant changes, including plans for an indoor theater and a conference center. Slated to begin opening in late 2025, this resort is set to become Arizona's largest, featuring four hotel towers, the Mattel Adventure Park, a public beach, and a $50 million amphitheater.
The developers of the $1 billion project, VAI Resorts LLC, are expanding its offerings as the city of Glendale updates its development agreement to reflect these new amenities. The additions include a 180,000-square-foot theater venue with 2,000 seats and a new 200,000-square-foot convention center. These facilities will be available for civic and recreation events, with bookings expected in 2026. Glendale has agreed to waive up to $1 million in fees for the construction of each of these new facilities and up to $4 million in additional fees, provided the developer meets specific obligations.
One of the major changes in the project is the removal of a 25-year property tax abatement that was initially valued at $107 million. This change follows a lawsuit filed by a local advocacy group, challenging the incentives. Glendale no longer plans to offer these tax abatements for the project, although it expects to gain $32 million in annual tax revenue once the resort is operational. In addition to the resort features, including 1,100 hotel rooms, the Mattel Adventure Park, a large amphitheater, and luxury dining and shopping, there are plans to vote on a $20 minimum wage initiative for hotel and event workers in Glendale in November, which could affect projects like the VAI Resort.
Seafood City Supermarket to Open in Chandler Fashion Center
Arizona will welcome its first Seafood City Supermarket in 2025, opening at Chandler Fashion Center in the former Sears space. The grocery chain, known for its Filipino specialties and diverse Asian products, will occupy over 65,000 square feet on the mall's upper level. This new location is part of a trend toward unique tenants filling traditional mall spaces, with Round1 Bowling & Arcade leasing the lower level of the former Sears building.
Founded in 1989, Seafood City has locations across the U.S. and Canada, and this Chandler store will feature not only a wide selection of Asian groceries but also multiple restaurants and a community room for events. The store's arrival is expected to boost foot traffic at Chandler Fashion Center, which has already seen a 20% increase in visitors due to the opening of a Scheels sporting goods store in 2023.
The growth of Asian grocery stores in the Phoenix metro area continues as the region's Asian population expands, especially in the East Valley. Other chains, such as H Mart and 99 Ranch, have also opened locations in the area. With the rise of the semiconductor industry and the influx of Taiwanese workers, there has been a concerted effort to attract more Asian businesses to the Phoenix area.
Stay in the Loop
The Greater Phoenix Metro is undergoing rapid transformation, with groundbreaking developments across entertainment, business, and residential sectors. As the region continues to grow and innovate, the possibilities for new opportunities are endless. Make sure to check our 'News, Updates, and Coming Soon' page frequently to stay informed about the latest trends and projects shaping your community.
Wondering how these exciting changes can impact your real estate strategy? Let’s connect and explore how you can take advantage of the growth in the Greater Phoenix Metro. Schedule a consultation today to discuss aligning your real estate goals with the dynamic opportunities in this thriving market.
Why Arizona is the Ultimate Destination for Remote Workers
As remote work continues to shape the future of employment, many professionals are seeking locations that offer an ideal balance between affordability, quality of life, and strong connectivity. Arizona, with its diverse cities and appealing lifestyle, stands out as a top destination for remote workers. This blog explores why Arizona is becoming a prime choice for those who work from home and want to enjoy a fulfilling life in the Southwest.
Affordability in Arizona: Stretching Your Income Further
One of the most compelling reasons remote workers are flocking to Arizona is the state’s affordability. Scottsdale, in particular, ranks among the top 10 most affordable cities for remote workers in the U.S., according to a recent analysis by CoworkingCafe. Scottsdale’s sixth-place ranking highlights the city’s unique blend of cost-effectiveness and high quality of life, making it an attractive option for professionals who want to maximize their income while enjoying the perks of living in a vibrant community.
Beyond Scottsdale, cities like Surprise and Chandler also offer attractive living costs for remote workers. Surprise, with its lower cost of living and proximity to Phoenix, provides remote workers with a more affordable housing market while still being close to major urban amenities. Chandler, known for its robust tech industry, offers competitive housing prices and a vibrant community ideal for those who want to live in a tech-savvy environment.
Source: CoworkingCafe Study on Affordable Cities for Remote Workers
Quality of Life: The Arizona Advantage
Arizona offers more than just affordability; it boasts a high quality of life that attracts remote workers from across the country. The state’s stunning natural landscapes, including the Grand Canyon, Sedona’s red rocks, and the Sonoran Desert, provide endless opportunities for outdoor recreation and relaxation. Whether you’re into hiking, biking, or simply enjoying the scenic beauty, Arizona has something for everyone.
Cities like Flagstaff and Prescott stand out for their unique blend of small-town charm and access to outdoor activities. Flagstaff, with its cooler climate and proximity to the San Francisco Peaks, is perfect for remote workers who enjoy outdoor adventures and a vibrant arts scene. Prescott, known for its historic downtown and numerous outdoor festivals, offers a peaceful and culturally rich environment ideal for those looking to escape the hustle and bustle of larger cities.
In addition to its natural wonders, Arizona’s cities are known for their vibrant communities, cultural attractions, and excellent dining and entertainment options. Cities like Scottsdale, Surprise, and Buckeye offer a thriving arts scene, top-notch restaurants, and a variety of festivals and events throughout the year. For remote workers looking for a balance between work and leisure, Arizona provides the perfect environment to enjoy both.
Source: Visit Arizona - Explore the State's Natural Wonders
Connectivity in Arizona: A Key Factor for Remote Work Success
In today’s digital age, connectivity is crucial for remote work success, and Arizona excels in this area as well. Scottsdale, for example, boasts a strong infrastructure that supports remote work, including high-speed internet and a variety of coworking spaces. The city’s coworking space density is particularly noteworthy, with more than 12 coworking spaces available per 100,000 residents. This abundance of flexible workspaces gives remote professionals plenty of options to choose from, whether they prefer a quiet, focused environment or a more collaborative setting.
Other Arizona cities, such as Phoenix, Chandler, and Surprise, also provide excellent connectivity options. Phoenix, as the state’s capital and largest city, has a robust infrastructure that supports remote work, including numerous coworking spaces and high-speed internet access throughout the city. Chandler, with its strong tech industry presence, offers a tech-friendly environment with plenty of coworking spaces and networking opportunities. Surprise, with its rapid growth and development, is quickly becoming a hub for remote workers seeking a balance of suburban living and connectivity.
Moreover, Arizona’s cities offer excellent transportation options, making it easy to travel within the state or across the country when needed. With major airports in Phoenix and nearby access to other regions, remote workers can stay connected to clients and colleagues no matter where they are.
Source: Study on Affordable Cities for Remote Workers
Scottsdale, Arizona: A Remote Worker's Paradise
Scottsdale’s inclusion in the top 10 most affordable cities for remote workers is no accident. The city combines all the elements that make Arizona a desirable location for remote work: affordability, quality of life, and excellent connectivity. With a low unemployment rate of just 2.6%, Scottsdale is a city where remote workers can feel secure in their career choices while enjoying all the amenities and opportunities the area has to offer.
Remote workers in Scottsdale can take advantage of the city’s numerous coworking spaces, allowing them to choose a work environment that suits their needs. Whether you prefer a quiet spot with a view of the mountains or a lively space in the heart of the city, Scottsdale has it all. And when the workday is done, you can explore the city’s vibrant arts scene, indulge in world-class dining, or simply relax in the beautiful Arizona sunshine.
Source: Remote Work Resources
Other Notable Arizona Cities for Remote Workers
Phoenix: As Arizona's capital, Phoenix offers an extensive range of coworking spaces, high-speed internet, and a thriving cultural scene. It’s ideal for remote workers who want to be in the heart of the action.
Chandler: This tech-driven city is perfect for remote workers who want to be part of a growing tech community, with plenty of coworking spaces and networking opportunities.
Flagstaff: With its cooler climate and vibrant arts scene, Flagstaff is perfect for remote workers who enjoy the outdoors and a slower pace of life.
Surprise: Offering a mix of suburban tranquility and modern amenities, Surprise is an emerging destination for remote workers seeking a balanced lifestyle.
Buckeye: Rapidly growing with new developments and infrastructure, Buckeye provides remote workers with affordable living options and a tight-knit community feel.
Arizona is the Future of Remote Work
As remote work continues to evolve, Arizona is emerging as a top destination for professionals seeking a balanced and fulfilling lifestyle. With affordable living options, a high quality of life, and strong connectivity, Arizona offers everything remote workers need to succeed. Whether you’re drawn to the stunning landscapes, the vibrant communities, or the excellent work-life balance, Arizona is a place where remote work dreams can become a reality.
Scottsdale’s recognition as one of the most affordable cities for remote workers only reinforces Arizona’s position as a leader in this new era of work. For those looking to make the most of their remote work experience, Arizona is a state worth considering.
Sources:
CoworkingCafe Study on Affordable Cities for Remote Workers
Visit Arizona - Explore the State's Natural Wonders
City of Scottsdale - Remote Work Resources
City of Phoenix - Business and Remote Work Resources
Flagstaff Arizona - Remote Work and Living
Chandler Economic Development - Remote Work Opportunities
Discover Why Fulton Ranch in Chandler, AZ is the Perfect Community for Families, Retirees, Young Professionals, and Everyone
Fulton Ranch in Chandler, AZ, is an upscale, master-planned community known for its luxurious living, comprehensive amenities, and strategic location. Spanning 520 acres, this vibrant community offers a mix of multi-million dollar custom homes, single-family residences, and townhomes, catering to various lifestyles and preferences. Whether you're a family seeking top-rated schools, a retiree looking for a peaceful environment, or a young professional desiring proximity to business hubs, Fulton Ranch is the perfect fit. Let's explore why Fulton Ranch is ideal for different types of residents and what makes it a desirable place to live.
Families: A Haven for Education and Recreation
Top-Rated Schools in Chandler, AZ Fulton Ranch is part of the highly acclaimed Chandler Unified School District, which includes some of the best schools in Chandler. Families with children will appreciate the proximity to top-rated schools like Fulton Elementary, Bogle Junior High, and Hamilton High School. These schools are renowned for their exceptional academic programs and diverse extracurricular activities, ensuring a well-rounded education for students.
Parks and Playgrounds in Fulton Ranch The community is designed with families in mind, featuring numerous parks, lushly landscaped walking paths, and covered ramadas. These facilities provide safe and enjoyable spaces for children to play and families to engage in outdoor activities. The scenic 28-acre lake system, complete with flowing streams and waterfalls, enhances the community's beauty and offers picturesque spots for family outings.
Family-Friendly Activities and Community Events Families in Fulton Ranch can enjoy a variety of activities and events throughout the year. The nearby Chandler Community Center hosts numerous programs and events, fostering a strong sense of community. Additionally, the serene lakes and green spaces within Fulton Ranch provide perfect settings for family picnics, weekend adventures, and outdoor recreation.
Retirees: Peaceful Living with Senior Amenities
Tranquil Neighborhoods in Fulton Ranch Retirees seeking a peaceful and relaxed lifestyle will find Fulton Ranch's tranquil neighborhoods ideal. The community's serene environment, with beautifully landscaped streets and calm lakes, offers a stress-free living experience. The low crime rate and friendly neighbors further enhance the sense of safety and community.
Senior-Friendly Amenities and Healthcare Access Fulton Ranch is equipped with amenities tailored to the needs of retirees. The well-maintained walking paths, fitness centers with senior exercise programs, and nearby Ocotillo Golf Club provide ample opportunities for staying active and socializing. Moreover, the proximity to top-notch medical facilities like Chandler Regional Medical Center ensures residents have access to comprehensive healthcare services.
Young Professionals: Proximity to Business Hubs and Modern Living
Convenient Location Near Major Employers Young professionals will appreciate Fulton Ranch's strategic location near key business hubs. Situated southwest of Arizona Avenue and Ocotillo Road, and just three miles south of the San Tan Freeway, the community offers easy access to major transportation routes. Additionally, the proximity to major employers, including Intel, makes Fulton Ranch a convenient choice for those working in the tech industry.
Modern Conveniences and Lifestyle Fulton Ranch offers a range of modern housing options, from stylish apartments to spacious single-family homes, catering to diverse preferences and budgets. The community's upscale shopping centers, like Fulton Ranch Towne Center and Chandler Fashion Center, provide residents with a variety of shopping, dining, and entertainment options. This convenience enhances the quality of life for young professionals living in the area.
Vibrant Social Scene and Recreational Opportunities The vibrant social scene in Fulton Ranch includes trendy cafes, fine dining restaurants, and lively bars, perfect for unwinding after work. Additionally, Downtown Chandler, with its cultural and entertainment venues, art galleries, and live music performances, is just a short drive away, offering young professionals plenty of recreational and social opportunities.
Others: Diverse Attractions for a Varied Lifestyle
Outdoor Enthusiasts in Fulton Ranch Fulton Ranch is an ideal community for outdoor enthusiasts. The numerous parks, walking trails, and lakes within the community provide ample opportunities for hiking, biking, fishing, and picnicking. Veterans Oasis Park, located nearby, offers scenic trails and bird-watching spots, making it a favorite destination for nature lovers.
Pet-Friendly Community Pet owners will find Fulton Ranch to be very accommodating. The community's walkable layout, pet-friendly parks, and dedicated dog parks make it easy to take pets for a stroll or playtime, ensuring a happy and healthy environment for all furry friends.
Cultural and Entertainment Attractions For those who enjoy cultural and entertainment activities, Fulton Ranch is close to a variety of attractions. The Chandler Center for the Arts hosts performances, including theater, music, and dance, providing rich cultural experiences. Annual events like the Ostrich Festival and Chandler Art Walk add unique entertainment options for residents of all ages.
Real Estate Market at Fulton Ranch: Upscale and Diverse Housing Options
Home Prices in Fulton Ranch The real estate market in Fulton Ranch reflects the community's upscale nature. Home prices range from approximately $545,000 to over $1.6 million, catering to various budgets and preferences. The diverse housing options, from just over 1,300 square feet to more than 7,000 square feet, accommodate different family sizes and lifestyles.
Community Governance by HOA Fulton Ranch is governed by a homeowners association (HOA), which helps maintain the community's high standards and amenities. The HOA ensures a well-kept environment, enhancing the quality of life for all residents and preserving property values.
Conclusion
Fulton Ranch in Chandler, AZ, is a diverse and vibrant community that caters to the needs of families, retirees, young professionals, and others seeking a balanced lifestyle. With its excellent schools, peaceful neighborhoods, modern conveniences, and abundant recreational opportunities, Fulton Ranch truly has something for everyone. Whether you're looking to raise a family, enjoy a serene retirement, advance your career, or simply live in a beautiful and well-connected community, Fulton Ranch is the perfect place to call home.
For more information about living in Fulton Ranch, or to explore available real estate options, contact us today and discover why this community is one of the most sought-after in Chandler, Arizona.
Ocotillo: A Premier Community in Chandler, Arizona
Ocotillo, nestled in the southern part of Chandler, Arizona, is a master-planned community that spans approximately 1,900 acres of stunning landscapes. Renowned for its picturesque homes, winding streets, and serene man-made lakes, Ocotillo offers a welcoming atmosphere that caters to families, retirees, and young professionals alike. This guide will provide you with a comprehensive understanding of why Ocotillo stands out as an ideal place to live and thrive.
Ocotillo: A Community Overview
Master-Planned ExcellenceOcotillo exemplifies luxury and thoughtful design in every corner of its expansive master-planned layout. With a blend of beautiful homes, scenic lakes, and lush greenery, this community offers an idyllic setting for residents seeking both comfort and elegance.
Diverse DemographicsHome to around 10,299 residents with a median age of 48, Ocotillo is a vibrant mix of families and professionals. Many residents are established in management and executive roles, contributing to a community characterized by growth, success, and ambition.
Families: A Haven for Growth and Joy
Ocotillo is a family-friendly haven, providing a safe and nurturing environment where children can thrive.
Top-Tier EducationFamilies in Ocotillo benefit from access to the award-winning Chandler Unified School District. Schools like Hamilton High School, Bogle Junior High, and Chandler Traditional Academy are renowned for their academic excellence and innovative programs. The district's modified year-round schedule also allows for balanced breaks, supporting both academic and personal growth.
Endless RecreationThe community is rich with parks and recreational facilities, such as Ocotillo Community Park and Snedigar Sportsplex, where families can enjoy picnics, sports, and outdoor adventures. The abundance of playgrounds and green spaces ensures that there’s always a place for children to play and explore.
Community-Centered ActivitiesOcotillo offers a calendar full of family-friendly events, sports leagues, and nearby attractions like Chandler Fashion Center and the Arizona Railway Museum. The community's warm, welcoming atmosphere fosters a sense of belonging, making it an ideal place to raise a family.
Health and WellnessPromoting an active and healthy lifestyle, Ocotillo boasts a variety of health and wellness amenities, including fitness centers, yoga studios, and walking trails. These resources support families in maintaining their physical and mental well-being.
Retirees: A Tranquil and Convenient Lifestyle
For retirees seeking peace, convenience, and vibrant living, Ocotillo provides a perfect balance.
Peaceful SurroundingsOcotillo's beautifully landscaped areas, with their scenic lakes and serene walking paths, offer a tranquil environment ideal for those looking to enjoy a slower pace of life.
Senior-Friendly AmenitiesThe community is equipped with senior-specific amenities, including the Chandler Senior Center, which hosts a variety of activities from fitness classes to social events. Additionally, Ocotillo is close to several top-notch healthcare facilities, ensuring that residents have easy access to the care they need.
Recreational BlissGolf enthusiasts can indulge in rounds at the Ocotillo Golf Resort, a premier 27-hole course that combines challenge and beauty. The community's lakes also provide peaceful spots for walking, bird watching, and fishing, making every day an opportunity to connect with nature.
Convenience at Your DoorstepOcotillo’s strategic location near shopping centers, dining options, and entertainment venues ensures that daily conveniences are never far away. The ease of access to essential services adds to the community's appeal for retirees.
Active Adult CommunitiesOcotillo is home to several active adult communities, offering a range of social and recreational activities. These communities provide retirees with opportunities to stay engaged and build strong connections with their peers.
Young Professionals: Dynamic Living and Career Opportunities
Ocotillo is an ideal spot for young professionals who desire a dynamic lifestyle coupled with convenience and career growth.
Proximity to Major EmployersSituated near Chandler’s tech corridor and major highways, Ocotillo offers easy access to top employers like Intel, Microchip Technology, and Wells Fargo. The short commute times and proximity to business hubs make Ocotillo a practical choice for career-oriented individuals.
Modern Living SpacesThe neighborhood offers a variety of modern housing options, from stylish apartments and condos to single-family homes. These residences are equipped with the latest amenities, including high-speed internet, fitness centers, and resort-style pools, catering to the needs of today’s professionals.
Vibrant Social SceneOcotillo's close proximity to downtown Chandler means that residents are never far from an array of restaurants, bars, and cultural attractions. Trendy eateries, local breweries, and nightlife spots offer ample opportunities for socializing and entertainment.
Outdoor Fitness and RecreationFor those who love the outdoors, Ocotillo offers jogging trails, kayaking opportunities in the community lakes, and various fitness classes. Staying active and healthy is easy in this well-equipped neighborhood.
Networking and GrowthOcotillo’s proximity to business hubs and coworking spaces provides numerous networking opportunities. Young professionals can connect with like-minded individuals, attend industry events, and grow their careers in this thriving environment.
Ocotillo Economic and Real Estate Insights
Thriving Real Estate MarketOcotillo's real estate market is as diverse as it is desirable, with home prices ranging from approximately $369,000 to over $4 million. The average list price of around $876,000 reflects the area's high demand and its reputation as a prime residential location.
Strategic LocationOcotillo’s location near Chandler’s tech corridor and major shopping centers like Chandler Fashion Center provides residents with short commutes to work and convenient access to shopping and dining options.
Investment PotentialWith steady appreciation rates and high demand for rental properties, Ocotillo presents excellent investment opportunities. Its desirability and strategic location contribute to its ongoing value and appeal.
A Glimpse into Ocotillo's Historical Significance
Architectural LegacyThe name "Ocotillo" is historically significant, linked to a temporary camp designed by renowned architect Frank Lloyd Wright in 1929. This camp was a precursor to his later work at Taliesin West and played a key role in adapting architectural designs to the desert environment.
Things to Do in Ocotillo
Golfing ExcellenceOcotillo Golf Club offers 27 holes of championship golf, designed by Ted Robinson. It’s a favorite spot for residents and visitors alike, providing a challenging and scenic golfing experience.
Culinary DelightsOcotillo’s dining scene is diverse, with options ranging from casual eateries to fine dining. Local favorites include the Ocotillo Grille and CHoP Chandler, where you can enjoy delicious meals in a welcoming atmosphere.
Shopping and WellnessResidents can indulge in shopping at the Chandler Fashion Center or focus on wellness at the Ocotillo Village Health Club and Spa, both offering top-tier services that cater to a variety of needs.
Cultural Events and FestivalsOcotillo hosts a variety of community events and festivals throughout the year, celebrating the neighborhood’s diverse culture and vibrant community spirit.
Frequently Asked Questions (FAQs) About Living in Ocotillo
1. What types of homes are available in Ocotillo?
Ocotillo offers a diverse range of housing options, including single-family homes, condos, apartments, and luxury estates. The architectural styles vary, with many homes featuring modern amenities, waterfront views, and spacious layouts.
2. Is Ocotillo a good place for families?
Absolutely! Ocotillo is an excellent place for families, thanks to its top-rated schools, abundant parks, and family-friendly activities. The neighborhood’s safe and welcoming atmosphere makes it an ideal environment for raising children.
3. What amenities are available for retirees in Ocotillo?
Retirees in Ocotillo can enjoy a peaceful lifestyle with access to beautifully landscaped areas, walking paths, and senior amenities such as the Chandler Senior Center. The community also offers leisure activities like golfing, bird watching, and social events tailored to seniors.
4. How close is Ocotillo to major employment centers?
Ocotillo is strategically located near Chandler’s tech corridor, offering easy access to major employers such as Intel, Microchip Technology, and Wells Fargo. The neighborhood's proximity to major highways ensures a short commute for professionals working in nearby business hubs.
5. What recreational activities are available in Ocotillo?
Residents of Ocotillo can enjoy a wide range of recreational activities, including golfing at the Ocotillo Golf Resort, kayaking on the community lakes, jogging along scenic trails, and participating in various community events and sports leagues.
6. What is the real estate market like in Ocotillo?
The real estate market in Ocotillo is diverse, with home prices ranging from around $369,000 to over $4 million. The area is highly desirable, with steady appreciation rates and a strong demand for both homes and rental properties, making it a great place for investment.
7. Are there good schools in Ocotillo?
Yes, Ocotillo is served by the award-winning Chandler Unified School District, which includes top-rated schools like Hamilton High School, Bogle Junior High, and Chandler Traditional Academy. These schools are known for their academic excellence and innovative programs.
8. What dining and shopping options are available in Ocotillo?
Ocotillo offers a variety of dining options, from casual eateries to fine dining restaurants, such as the Ocotillo Grille and CHoP Chandler. For shopping, residents can visit the nearby Chandler Fashion Center, which provides a wide range of retail stores and services.
9. Is Ocotillo a good place for young professionals?
Yes, young professionals will find Ocotillo to be an ideal place to live, with its modern housing options, proximity to business hubs, vibrant social scene, and numerous outdoor activities. The neighborhood offers a dynamic and convenient lifestyle for career-focused individuals.
10. What makes Ocotillo unique compared to other Chandler neighborhoods?
Ocotillo stands out for its luxurious master-planned design, scenic man-made lakes, and diverse housing options. Its combination of top-rated schools, recreational amenities, and proximity to major employment centers makes it a highly desirable place to live for families, retirees, and young professionals alike.
Why Ocotillo Stands Out
Ocotillo in Chandler, AZ, is more than just a neighborhood—it’s a thriving community that caters to diverse lifestyles. Whether you’re a family seeking a nurturing environment, a retiree looking for tranquility, or a young professional chasing career opportunities, Ocotillo offers something for everyone. With its top-rated schools, peaceful surroundings, modern conveniences, and ample recreational options, Ocotillo is a place where anyone can find their perfect home. Explore Ocotillo today and discover why it remains one of Chandler’s most sought-after neighborhoods.
What's Coming to the Greater Phoenix Metro: New Communities, Business Parks, Retail, and Arizona’s Booming Semiconductor Industry
Explore New Communities and Exciting Developments in the Greater Phoenix Metro Area: Your #1 Source for Comprehensive Arizona Real Estate News and Updates!
Arizona Cities Lead Nation in Economic Growth
Several Arizona cities lead the nation in economic growth, according to a recent study. Mesa and Phoenix ranked No. 1 and No. 3 among large cities, respectively, due to significant population growth and increased median earnings. Gilbert and Chandler topped the medium-sized city category, while Surprise ranked fifth among small cities. Peoria just missed the top 10 for small cities, placing 11th. From 2018 to 2022, these Valley cities saw a 38% GDP increase and a 34% rise in infrastructure, with over 16,000 miles of new roads. Mesa's economic diversification and infrastructure investment earned it the top score of 66. Gilbert and Chandler saw a 38% GDP increase and substantial population and housing growth. Surprise also showed strong growth in GDP and infrastructure, scoring 55.9. The Valley experienced a 54% rise in business applications and a 2% employment rate increase, making Phoenix and its surrounding cities attractive places to live. In May, a PODS Enterprises report ranked Phoenix No. 7 for move-ins, supporting the area's economic expansion.
New Retailers Announced for Shops at Lake Pleasant in Peoria
Vestar, the largest privately held shopping center owner in the western U.S., announced 14 new retailers for The Shops at Lake Pleasant in Peoria, with six already open and the rest by the end of 2024. The shopping complex, nearly 100% leased, spans 90,000 square feet and will be fully operational by Spring 2025. Current tenants include Raising Cane’s, Over Easy, and Visionworks, with others like Handel’s Ice Cream and HonorHealth opening soon. Situated off Happy Valley Road and Lake Pleasant Parkway, the center benefits from a high-income area with nearly 150,000 residents within a 5-mile radius. Peoria, the 6th largest city in the Phoenix Metro area, is recognized for its booming housing market.
Construction Begins on New $100M Business Park in Goodyear
Dallas-based Formation Interests has begun constructing a 688,000-square-foot business park in Goodyear, adjacent to the future Buc-ee's convenience store. This $100 million development, Formation's first in metro Phoenix, will unfold in two phases, offering new industrial, office, and commercial spaces. The 44-acre site at Bullard Avenue and Celebrate Life Way received zoning approval last year. The first phase, featuring two buildings totaling 430,000 square feet, is set to complete by June 2025, with a second phase of 230,000 square feet across three buildings breaking ground next year. Amenities include a 5-acre park for workers. The development, designed by Deutsch Architecture Group and built by Willmeng Construction, aims to attract tenants in advanced manufacturing and technology industries. The site benefits from proximity to numerous amenities, including the future Buc-ee's and the City of Hope Cancer Treatment Center.
Arizona Leads Nation in Semiconductor Investment and Workforce Development
Business Facilities' 20th Annual Rankings Report showcases Arizona's remarkable progress in the semiconductor industry, awarding it the top position for 2024. Since the enactment of the CHIPS and Science Act in 2022, which allocated nearly $53 billion for U.S. semiconductor manufacturing, Arizona has drawn over $102 billion in investments and created more than 15,700 industry jobs. This federal act has ignited 83 projects and over 56,000 jobs across the country. Arizona's attractiveness stems from its expansive land, low risk of natural disasters, and a strong talent pipeline, bolstered by initiatives like the Semiconductor Technician Quick Start program. Public universities in the state, including Arizona State University, are increasing engineering enrollment and launching new programs to enhance semiconductor workforce development. Arizona's proactive measures, such as establishing a new semiconductor workforce training accelerator, solidify its position as a leader in addressing the U.S. semiconductor workforce challenge.
For the latest information on upcoming developments in the Greater Phoenix Metro, visit our 'News, Updates, and Coming Soon' page for weekly updates. Stay informed about what's happening in your neighborhood, city, or area of interest. Book a time with me below to learn more and discuss in detail!
Eric Ravenscroft, CRS
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