East Valley Business - 03.27.2022

east valley

Volume 4 Issue 37 Mesa, AZ

March 27, 2021

A real estate crowdfunding company is turning this closed Mesa hotel into an apartment complex. (YouTube)

Investors sought for Mesa hotel conversion TRIBUNE NEWS STAFF

A

IN THE BIZ

real estate crowdfunding company has scheduled a meeting for potential investors in a Mesa hotel that is being converted into an apartment complex.

Neighborhood Ventures is a free open house from 9-11 a.m. Saturday, April 2, at Venture on Country Club, a 120-unit hotel at 1410 S. Country Club Drive.

Repurposing under-used hotels is becoming a trend in the Valley as several companies have purchased resort complexes in Phoenix and other parts of the Public Notices ............... page 2 © Copyright, 2022 East Valley Tribune

Valley, cashing in on the continuing shortage of rental units.

Attendees will be treated to coffee and refreshments, see the renovated property, tour some of the units and have an opportunity to talk with the Neighborhood Ventures team. Guests can RSVP at neighborhood.ventures/openhouse.

“We’re looking forward to showing off our biggest project yet,” says Neighborhood Ventures co-founder Jamison Manwaring. “We think our investors are going to love seeing the incredible transformation this property has undergone from (USPS 004-616) is published weekly

Mailing Address: 1620 W. Fountainhead Pkwy., Suite 219, Tempe, AZ 85282

(480) 898-6500 Steven Strickbine, publisher Paul Maryniak, executive editor

a struggling run-down hotel to a vibrant community that has a true resort feel.”

Venture on Country Club is the 10th property funded by Arizona’s �irst real estate crowdfunding company, which was founded in 2017 when Arizona crowdfunding laws opened commercial real estate investments to all Arizona residents for a minimum $1,000 investment.

The company has had one other conversion in Mesa at 407 N. Williams, where a 50-year-old, 20-unit building is being renovated.

The former hotel is owned in part by Subscriptions are $26 for 2 years, $14 for one year.

Periodicals postage paid at Phoenix, AZ 85026.

POSTMASTER: Send address changes to: East Valley Tribune, 1620 W. Fountainhead Pkwy., Suite 291, Tempe, AZ 85282

364 investors who invested $4 million in the property. The target hold period for this property is three years, during which time renovations will be completed, the property rezoned to multifamily and rented.

More than 180 people have signed an online petition to Mesa City Council urging its rezoning.

“As homeowners, residents and business owners in the Fiesta District, we urge you to approve the rezoning,” the petition states.

“The former hotel brought nothing but crime and drugs into the area. Since the hotel has been closed, we have seen a

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Public Notice CITY OF MESA, ARIZONA ENGINEERING DEPARTMENT REQUEST FOR QUALIFICATIONS (RFQ) NOTICE IS HEREBY GIVEN that the City of Mesa is seeking a qualified Consultant for the following: City of Mesa Integrated Water Infrastructure Improvement Study PROJECT NO. CP0988 The City of Mesa is seeking a qualified consulting firm or team to develop an integrated water master plan. The proposed integrated masterplan will update the City’s 2010 Water Masterplan including any subsequent in-house updates, and City’s 2009 Wastewater Masterplan and any subsequent inhouse updates.

All qualified firms that are interested in providing these services are invited to submit their Statements of Qualifications (SOQ) in accordance with the requirements detailed in the Request for Qualifications (RFQ).

The proposed integrated water masterplan includes four major components, each component being a stand-alone, comprehensive master plan. The four components are: • Water Resources Masterplan

50% reduction in crimes, drugs and illegal activity in the neighborhood.

“Turning this property into an apartment complex vs. a hotel, will increase our property values and help reduce the drug & criminal activity in our neighborhood. We also strongly encourage the City of Mesa to forgo the retail requirements on this property for rezoning.”

Renovations are nearly complete and the property is currently renting to guests on a short-term basis via AirBnb. The targeted return for investors is a 12% preferred annual return. Investors are currently receiving 6% monthly cash distributions and the remainder of their

• Water Master plan.

• Wastewater Master Plan.

• Reclaimed Water Master Plan The purpose of the integrated master plan is to integrate the four components and optimize the overall solution and infrastructure planning.

The City seeks to consider issues like water rights, resource availability, contingency plans, emergency planning, and water right enhancement opportunities with the Integrated Water Master Plan.

This project will also seek to identify elements of demand and flow analysis, flow projections, model up-dates and calibration, treatment plant capacities, feasibility studies, and recommended infrastructure improvements.

The project may include other elements of planning and modeling for the City, as needed.

A Pre-Submittal Conference will be held on March 30, 2022, at 8 am through Microsoft Teams. At this meeting, City staff will discuss the scope of work and general contract issues and respond to questions from the attendees. Attendance at the pre-submittal conference is not mandatory and all interested firms may submit a Statement of Qualifications whether or not they attend the conference. All interested firms are encouraged to attend the Pre-Submittal Conference since City staff will not be available for meetings or to respond to individual inquiries regarding the project scope outside of this conference. In addition, there will not be meeting minutes or any other information published from the Pre-Submittal Conference.

Contact with City Employees.

All firms interested in this project (including the firm’s employees, representatives, agents, lobbyists, attorneys, and subconsultants) will refrain, under penalty of disqualification, from direct or indirect contact for the purpose of influencing the selection or creating bias in the selection process with any person who may play a part in the selection process. This policy is intended to create a level playing field for all potential firms, to assure

EAST VALLEY BUSINESS

returns will come when the property is sold.

Neighborhood Ventures targets properties in areas that are beginning to see early stages of investment and redevelopment and says it looks for smaller complexes of no more than 200 units because large institutional investors are not normally interested in them.

Neighborhood Ventures was launched in September 2017 by Manwaring, a former tech analyst at Goldman Sachs and vice president of investor relations at LifeLock, and John Kobierowski, a veteran in the apartment industry and president and CEO of ABI Multifamily.

that contract decisions are made in public, and to protect the integrity of the selection process. All contact on this selection process should be addressed to the authorized representative identified below.

RFQ Lists. This RFQ is available on the City’s website at http:// mesaaz.gov/business/engineering/ architectural-engineering-designopportunities.

The Statement of Qualifications shall include a one-page cover letter, plus a maximum of 10 pages to ad-dress the SOQ evaluation criteria (excluding resumes but including an organization chart with key personnel and their affiliation).

Resumes for each team member shall be limited to a maximum length of two pages and should be attached as an appendix to the SOQ. Minimum font size shall be 10pt. Please provide one (1) electronic copy in an unencrypted PDF format to Engineering-RFQ@ mesaaz.gov of the Statement of Qualifications by 2 pm on April 21, 2022. The City reserves the right to accept or reject any and all Statements of Qualifications. The City is an equal opportunity employer.

Firms who wish to do business with the City of Mesa must be registered and activated in the City of Mesa Vendor Self Service (VSS) System (http://mesaaz.gov/ business/purchasing/vendor-selfservice).

Questions. Questions pertaining to the Consultant selection process or contract issues should be directed to Donna Horn of the Engineering Department at donna. horn@mesaaz.gov.

BETH HUNING City Engineer ATTEST: Holly Moseley, City Clerk Published East Valley Tribune, Mar 20, 27, 2022 / 45340

Public Notice CITY OF MESA PUBLIC NOTICE The Mesa City Council will hold a public hearing concerning the following ordinances at the April

2

4, 2022, City Council meeting beginning at 5:45 p.m. in the Mesa City Council Chambers, 57 East First Street.

1. ZON21-00731 (District 5) Within the 2800 to 3100 blocks of North Recker Road (west side) and within the 5900 block of East Longbow Parkway (south side).

Located north of McDowell Road on the west side of Recker Road (20± acres). Modification of the Longbow Park Planned Area Development Overlay (Longbow Park PAD), Rezone from Light Industrial (LI) to Limited Commercial (LC), Council Use Permit (CUP), and Site Plan Review. This request will allow for a mixed-use development. Reese Anderson, Pew & Lake, PLC, applicant; Dover Associates, LLC, owner.

Dated at Mesa, Arizona, this 27th day of March 2022. Holly Moseley, City Clerk Published: East Valley Tribune, Mar. 27, 2022 / 45433

Public Notice AVISO PÚBLICO El Departamento de Vivienda y Redesarrollo de la Ciudad de Chandler está solicitando comentarios sobre la Enmienda Substancial al Plan Anual de 2022 propuesta preparada para el Departamento de Vivienda y Desarrollo Urbano de los Estados Unidos (HUD por sus siglas en inglés). Los planes son las guías integrales de la Ciudad de Chandler sobre las normas, los programas, las operaciones y estrategias para satisfacer las necesidades y metas locales de la vivienda. Los planes están dispon-ibles para su revisión en la Oficina de Vivienda ubicada en 235 S. Arizona Ave., Chandler, AZ, 85225, de lunes a viernes, de 8 a.m. a 5 p.m., y en nuestro sitio web chand-leraz.gov/affordablehousing del 28 de marzo de 2022 al 12 de mayo de 2022. Se llevará a cabo una Audiencia Pública el 6 de abril de 2022, a las 4 p.m. en 235 S. Arizona Ave., Chandler, AZ, 85225.

Los comentarios por escrito se deben dirigir a: “2022 Substantial Amendment Annual Plan” y se

MARCH 27, 2022

deben recibir a más tardar el 12 de mayo de 2022 a las 5 p.m. (Tiempo Estándar de la Montaña); se pueden enviar por correo postal o llevarse en persona a 235 S. Arizona Ave., Chandler, AZ 85225; ó e n v i a r s e porcorreoelectrónicoa chandler.housing@chandl eraz.gov.

Para más información, por favor comuníquese con Amy Jacobson al 480-782-3200.

Aviso a Personas con Discapacidades: La Ciudad de Chandler está dedicada al cumplimiento del Decreto de Americanos con Discapacidades (ADA por sus siglas en inglés) y a mantener instalaciones, servicios, programas y actividades accesibles; promover la inclusión a través de adaptaciones razonables; y esforzarse por hacer que todas las interacciones con el gobierno de la Ciudad sean positivas y exitosas para todos. Cualquier persona que requiera una ayuda o servicio auxiliar para una comunicación efectiva, o una modificación a las normas los procedimientos para participar en un programa, servicio o actividad de la Ciudad de Chandler, se debería comunicar con la División de Vivienda, al (480) 782-3200 (ó TTY al 7-1-1, ó a través del Servicio de Retransmisión de Arizona al 1-800- 367-8939, TTY en inglés al 1-800-367-8939 ó en español al 1-800-842-2088) ó con el Coordinador del Decreto ADA de la Ciudad, Jason Crampton, al (480) 782-3402 (ó al 7-1-1 a través del Servicio de Retransmisión de Arizona) ó en ada.coordinator@ chandleraz.gov, tan pronto como sea posible, pero preferiblemente no menos de dos días hábiles antes de la reunión o del evento programado. Las quejas de que

un programa, servicio, instalación o act-ividad de la Ciudad no es accesible para las personas con discapacidades deben dirigirse al Coordinador del De-creto ADA. Para más información sobre el decreto ADA y los servicios, programas y actividades de la Ciudad, por favor visite el sitio web de la Ciudad (chandleraz.gov) o comuníquese con el Coordinador del Decreto ADA. La Ciudad de Chandler tiene la norma de tomar medidas razonables para proporcionar acceso oportuno y signific-ativo a las personas con dominio limitado del inglés. La Ciudad de Chandler deberá asegurar este acceso signific-ativo en todo enfoque de su trabajo, incluyendo a los par-ticipantes en sus programas, actividades, información, servicios, o beneficios cuando sea apropiado, así como al público en general.

El personal de vivienda deberá pro-porcionar servicios gratuitos de asistencia lingüística a las personas con dominio limitado del inglés con las que se encuentren o que se pongan en contacto con la División de Vivienda. Para obtener asistencia de traducción o interpretación, sin cargo, por favor llame a la Oficina de Vivienda al 480-782-3200 ó envíe una nota electrónica a chandler.housing@ chandleraz.gov.

Oportunidades Equitativas para la Vivienda.

Substantial Amendment Annual Plan prepared for the United States Department of Housing and Urban Development (HUD). The plans are the City of Chandler’s comprehensive guides to the policies, programs, operations, and strategies for meeting local housing needs and goals. The plans are available for review at the Housing Office located at 235 S. Arizona Ave., Chandler, AZ, 85225, Monday through Friday, 8 a.m. to 5 p.m., and on our website chandleraz. gov/affordablehousing from March 28, 2022 to May 12, 2022. A Public Hearing will be held on April 6, 2022, at 4 p.m., located at 235 S. Arizona Ave., Chandler, AZ, 85225.

Written comments ad-dressed to “2022 Substantial Amendment Annual Plan” must be received by May 12, 2022, at 5 p.m. (MST); may be mailed or dropped off at 235 S. Arizona Ave., Chandler, AZ 85225; or emailed to chandler. housing@chandleraz.gov. For more information, please contact Amy Jacobson at 480-782-3200.

Notice to Individuals with Disabilities: The City of Chandler is committed to compliance with the Americans with Disabilities Act (ADA) and to maintaining accessible facilities, services, programs and activities; promoting inclusion through reasonable accommodations; and striving to make all interactions with City government positive and successful for all. Anyone who re-quires an auxiliary aid or service for effective communication, or a modification of policies or procedures to participate in a City of Chandler program, service, or activity, should contact the Housing Division, at (480) 782-3200 (or TTY 7-1-1, or via the

Public Notice PUBLIC NOTICE The City of Chandler Housing and Redevelopment is re-questing comments on the proposed 2022

Arizona Relay Service at 800-3678939, TTY English 800-367-8939 or Español 800-842-2088) or the City’s ADA Coordinator, Jason Crampton, at (480) 782-3402 (or 711 via AZ Re-lay Service) or ada. coordinator@chandleraz.gov, as soon as possible but preferably no fewer than two business days before the scheduled event or meeting. Complaints that a City program, service, facility or activity is not accessible to individuals with disabilities should be directed to the ADA Coordinator. For more information about the ADA and City services, programs, and activities, please see the City’s website (chandleraz.gov) or contact the ADA Coordinator.

It is the policy of the City of Chandler to take reasonable steps to provide timely and meaningful access for per-sons with limited English proficiency. The City of Chandler shall ensure this meaningful access in the entire scope of its work including participants in its pro-grams, activities, information, services, or benefits when appropriate, as well as the general public. Housing staff shall provide free language assistance services to LEP persons whom they encounter or who contact the Housing Division.

For translation or interpretation assistance, at no charge, please contact the Housing Office at 480782- 3200, or email chandler. housing@chandleraz.gov.

Equal Housing Opportunity.

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