Office building becoming reality on old eyesore site - SanTan Sun News SanTan Sun News

Office building becoming reality on old eyesore site

October 5th, 2017 development
Office building becoming reality on old eyesore site



Construction of a high-rise office building near Chandler Fashion Center is finally underway on the site of Elevation Chandler – an unfinished development that became a controversial eyesore even before the Valley’s real estate market crashed in 2008.

International real estate firm Hines broke ground Sept. 26 on the Offices at Chandler Viridian, a planned six-story building at the intersection of Loops 101 and 202. Stantec, an architectural, engineering, environmental services and planning company will move its Southwest regional office into the Chandler building.

The office building is the culmination of the Chandler Viridian mixed-used development. Hines in 2014 tore down the steel skeleton of Elevation Chandler that had haunted the neighborhood after work on that project stopped in 2006. Elevation Chandler’s developer Jeff Cline had filed for bankruptcy in 2008.

“Breaking ground on the Offices at Chandler Viridian is the culmination of years of hard work in implementing the vision of our mixed-use development,” said Chris Anderson, managing director and Arizona leader for Hines.

Anderson added the “groundbreaking represents tremendous investment in this high-profile location near the Chandler Fashion Center and Price Road Corridor, and an enduring collaboration among city leaders and our partners.”

Chandler City Councilmember Terry Roe also stressed the significance of the groundbreaking.

He said he told Hines officials that the former Elevation Chandler structure had been an eyesore in the city for so long that if all they did was tear it down, it “would be worth it.”

“This is a really big thing,” Roe said. “People long before I was around were forward-thinking and set up the Price Corridor and the Chandler Fashion Center and the 101 freeway. Then you had this particular area. When you get close to approaching buildout, there are fewer and fewer opportunities for something that is just this special, Roe said, adding:

“It’s positioned right there in between the mall and the Price Corridor; I don’t think you could lay that out much better.”

Elevation Chandler, originally planned as a hotel/condominium combination, started as a project almost a decade ago but never came to fruition. After the bankruptcy filings, foreclosures and a failed trustee sale, the building stayed untouched.

The Offices at Chandler Viridian is incorporated into the Chandler Viridian master plan development, which also includes a pending Cambria hotel and suites, expected to have its grand opening in February.

Also on the site are the Fashion Center luxury apartments, which are occupied, as well as a dog park, a jogging trail linking all the properties and a Panera Bread restaurant. More retailers are expected to open in Chandler Viridian Primegate and a central plaza with high-speed Internet and Wi-Fi is likely to debut in January and be finished next summer.

Stantec signed a long-term lease and is planning to start operating at the Offices at Chandler Viridian in January 2019. The company will take up about 22 percent of the building. The office structure will have a big, open floor plan with 10-foot ceilings, a large courtyard and a lounge.

Within the office space, Stantec will merge four regional offices to consolidate more than 250 specialists in mining, community development, water, transportation, environmental and buildings consulting services.

The business’ collective experience touches over 40 decades supporting communities in metro Phoenix and southern Arizona.

“This location allows us to co-locate all of our talented, Phoenix-area team members in a space that not only encourages collaboration, but is easily accessible with attractive lifestyle features to enjoy,” said Curt Chapman, Stantec Southwestern regional vice president.

Alliance Bank of Arizona is financing the construction.

“Alliance Bank of Arizona is proud of our involvement with Hines and New York Life on this highly anticipated project in the East Valley,” said Chris Burson, senior vice president of commercial real estate lending for Alliance Bank of Arizona. “This project is attractive to us because of its prime location near the booming Price Road Corridor and is sure to be a valuable addition to Chandler’s fast-growing economy.”

Hines is a global, privately owned real estate investment firm that started in 1957 and has a presence in 21 countries and 201 cities. The company has about $100 billion of assets under management and more than 100 developments being built around the world.

The Stantec community has about 22,000 employees working in over 400 locations in six continents.