Biztucsonfall2017

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BizCONSTRUCTION

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Project: Marist Mid-rise Location: 111 S. Church St. Owner: Foundation for Senior Living Contractor: Tofel Construction Architect: Poster Frost Mirto Broker: N/A Completion Date: October 2018 Financed By: Wells Fargo, Rio Nuevo and Pima County Construction Cost: Estimated $12.8 million Project Description: This new, affordable senior housing apartment complex will feature 75 units, an on-site parking garage, exercise room and common area rooftop deck.

Project: Marist College Location: 235 S. Church St. Owner: Foundation for Senior Living Contractor: Tofel Construction Architect: Poster Frost Mirto Broker: N/A Completion Date: October 2018 Financed By: Wells Fargo, Rio Nuevo and Pima County Construction Cost: Estimated $2.7 million Project Description: Listed in the top 10 nationally for historic buildings in need of rehab, the former women’s college will be repurposed into eight new, affordable senior housing apartments.

Project:

McCormick Residential Location: 201 S. Stone Ave. Owner: Holualoa Companies and Scotia Western States Housing Contractor: AF Sterling Architect: Eglin + Bresler Architects Broker: Peach Properties, Ron Schwabe Completion Date: May 2017 Financed By: Alliance Bank of Arizona Construction Cost: $4.9 million Project Description: McCormick Residential is a townhome-style gated community composed of 25 luxury rental units with individual garages, balconies, low-e windows and ample storage.

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Fall 2017

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