Caliber, The Wealth Development Company purchased eight buildings comprising nearly 100,000 square feet in downtown Mesa for $7.5 million. The company is partnering with Habitat Metro, the Phoenix multifamily developer that has plans in place to build two high-end apartments in downtown Mesa.
Read the full article, “Developer buys 8 Mesa buildings; tenants plan to move“.
Eight buildings in downtown Mesa were purchased for $7.5 million by real estate investment firm Caliber – the Wealth Development Co. and infill developer Habitat Metro as they plan redevelopment efforts. The deals could bring new restaurants and office space to Mesa’s Main Street. The properties all are along Main Street between Country Club Drive and Main Street.
Read the full article, “New restaurants, office space could come to downtown Mesa after several buildings sold“.
“Mesa’s next,” said Tim Sprague, Habitat Metro principal. “Think about it. You’ve got light rail …you’re a hop, skip and a jump away from any place in the Valley.”
Read the full article, “Habitat Metro plans second apartment project in downtown Mesa“.
“The Phoenix Community Alliance (PCA) held its Annual Member Luncheon Meeting on Thursday at Galvanize Phoenix, an innovation campus that opened in the Phoenix Warehouse District in March, and joined PCA in June. As the diverse PCA membership convened for the final time in 2017, it celebrated individual contributions……Presentation of Center City Starr Awards to 2017 recipients Councilwoman Thelda Williams (Phoenix City Council District 1), Larry Lazarus (Lazarus & Associates), (Arizona State University) and Tim Sprague (Habitat Metro).”
Read the full article, “Tim Sprague honored at Center City Starr Awards“.
“Is it a hotel or an art museum? It’s a question posed by Phoenix Mayor Greg Stanton during remarks at the soft opening of the Found:RE hotel on Tuesday, October 25. Stanton joined dozens of invited guests gathered poolside at the hotel, praising the vision of Tim Sprague, principal for the real estate development firm Habitat Metro.”
Read the full article, “Here’s a Look Inside Found:RE Hotel in Downtown Phoenix“.
When you build local projects like we do, you know that the drive to ‘go local’ is no fad. It’s a movement we, and others, have embraced for decades because it’s an extension of who we are.
Read the full article, “Placemaking Phoenix: Habitat Metro & Local Focused Development“.
Experts say Arizona has said goodbye to the recession and the commercial real estate industry can expect slow, steady growth in 2016. But it takes innovative companies with creative leaders to be catalysts to that growth. AZRE magazine casts a spotlight on 40 leading-edge companies who will likely leave their marks on the commercial real estate industry in 2016.
Read the full article, “40 Companies to Watch in 2016“.
There are a
cadre of developers, designers and architects with a new focus on infill and adaptive reuse projects across the Valley. One of those leading that charge is Tim Sprague, a principal with Habitat Metro LLC.
Read full article, “2015 Businessperson of the Year: Tim Sprague“.
“There’s a palpable feeling in downtown Phoenix these days that something’s different. Now that the economy is improving and more people are turning toward an urban lifestyle, “You’re seeing it!” said Phoenix Mayor Greg Stanton. As Tim Sprague puts it, “Phoenix has grown up.” The developer with Habitat Metro, LLC is building a massive condominium project at the corner of Roosevelt St. and Central Ave. called Portland on the Park. He says, we’re right in the middle of the city’s maturation process now – and developers like him are getting to shape its future.”
Read the full article, “Downtown on Top: Residential Development“.
Top Hotels in The Southwest and West: Readers’ Choice Awards 2017