Showing posts with label Stearns Bank. Show all posts
Showing posts with label Stearns Bank. Show all posts

Monday, February 10, 2014

Glendale Planned Area Development to See New Land Entitlement Requests

A Glendale Planned Area Development (PAD) may soon be re-entitled by owner American Furniture Warehouse (AFW) for commercial use. 'Bethany 101’ is to be located at the southeast corner of 99th Avenue and Bethany Home Road on a 41.49 acre parcel which AFW picked up from Stearns Bank  last July for $9.0m. 

The re-entitlement of the subject site includes both a General Plan Amendment to change the land use designation from Entertainment Mixed-Use (EMU) to Planned Commercial (PC), and a rezoning request to rezone the site from PAD (Bella Villagio) to PAD (Bethany 101). Both requests are set for public hearing before the Glendale Planning Commission on 2/20/2014 and for final approval by City Council on 2/26/2014.
Aerial Image with Site Plan Overlay of “Bethany 101” Planned Area Development
 
The AFW portion of Bethany 101 will be developed within phase 1 of the project, and will include a 380,495 square-foot warehouse and 153,881 square-foot retail showroom on Parcel A. The second portion, or Parcel B, is a 5.39 acre site that will be developed in the future according to market conditions.

The overall vision of Bethany 101 will be a significant shift away from the previously approved Bella Villagio PAD due to the fact that there will not be any residential component or significant commercial space for retail/restaurant vendors.  For example, Bella Villagio was envisioned to contain some 1,700 multi-family units, nearly 1 million square-feet of office space, and over 120,000 square-feet of restaurant space.  

By: 
Cody Weisel
Planning & Zoning Analyst
Vizzda.com  

Tuesday, November 20, 2012

Vizzda Welcomes Stearns Bank

Vizzda is providing Phoenix's top firms with the highest caliber of commercial real estate information.  Today we wish to extend a warm welcome to Vizzda's newest client, Stearns Bank.  

Stearns Bank is a privately held lending institution with more than $1.3 billion in assets.  Over the past four years, Stearns Bank has successfully acquired nine other lending institutions and more than $900 million in additional loan portfolios.


Vizzda is a Phoenix-based provider of commercial real estate information.  Vizzda's data is extraordinarily detailed and delivered to clients within 24 hours of transaction.  To learn more about Vizzda, contact Kris Thompson at 480-924-2000 or kthompson@vizzda.com.

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