The Projects I’m Watching Closely
I get asked all the time, “What’s actually happening out there?”
Short answer? A lot.
Long answer? The Valley is evolving in real time. Industrial expansion. Semiconductor investment. Mall redevelopments. Destination resorts. Major infrastructure plays. This isn’t hype! It’s capital that continues to move with conviction.
At Solex CRE, we watch these projects closely because they tell us where the jobs are going, where rooftops will follow, where traffic patterns shift, and where smart investors want to be positioned before the headlines hit.
Here are a few projects I’m personally paying attention to as we move through 2026 and beyond.
One Camelback (Preleasing 2026) in Phoenix
A long-delayed office tower at Central & Camelback is being converted into 163 luxury residential units with ground-floor retail.
The reality is that the office space hasn’t fully recovered. Some buildings simply don’t pencil anymore. And empty towers don’t help anyone.
We need housing. We need adaptive reuse. And we need creativity.
You’re going to see more office-to-residential conversions across Phoenix. The math is forcing it.
BNSF Rail Hub (Proposed 2026–2035) in Wittmann
A proposed 4,300-acre intermodal rail and logistics hub that could unlock millions of square feet of industrial development.
It recently hit a zoning roadblock, but that doesn’t mean it’s dead.
If approved, this would be one of the largest rail hubs in the country. Arizona continues to attract freight and logistics operations because we’re more business-friendly and less congested than California.
Industrial follows infrastructure. So this can be a game changer for this region
PV Mall & Fiesta Mall Redevelopments (2026–2032) in Phoenix & Mesa
The old mall model is gone.
Both former malls are transforming into mixed-use districts with residential, retail, restaurants, green space, and office components.
We may miss wandering the food court on a Saturday afternoon, but the market wants walkable, flexible, experience-driven environments.
Retail isn’t dying. It’s evolving.
Discovery Oasis at Mayo Clinic (2026–2035) in Phoenix
A 120-acre life sciences and biotech innovation campus adjacent to Mayo Clinic.
Many people I care about have been helped by Mayo. What they do matters.
Expanding research and commercialization space here positions Phoenix as a legitimate life sciences market, not just a healthcare market.
That’s a big distinction and has a ripple effect that will continue to transform our state.
VAI Resort (2026–2027) in Glendale
A massive destination resort with hotels, entertainment venues, dining, and yes… a man-made beach.
Let’s not overthink this one.
A hotel with a rollercoaster? That’s either brilliant or insane. Either way, people are going to show up.
The West Valley’s hospitality profile is rising fast.
Arizona’s First Buc-ee’s (Summer 2026) in Goodyear
70,000+ square feet of fuel, food, and retail off I-10.
If you’ve never been to a Buc-ee’s, just know that it’s not a gas station. It’s an experience.
High traffic generators like this create ancillary projects. Pads fill in. Retail follows. Land values adjust.
Watch the surrounding parcels.
The Parque (2026–2029) in Scottsdale
A $1B redevelopment of the former CrackerJax site into a live-work-play destination.
High-density, active lifestyle environments are not a trend, they’re the future.
As land becomes more constrained and expensive, mixed-use density becomes the logical solution.
TSMC Arizona Expansion (2025–2030+) in Phoenix
This one needs no introduction.
When a global semiconductor manufacturer invests tens of billions of dollars into a region, it changes everything: workforce, housing, suppliers, education, and infrastructure.
Big tech moving in gives other companies confidence to follow.
That confidence compounds.
Peoria Innovation Core (2026–2035) in Peoria
Anchored by a $2B semiconductor facility, this innovation district will bring tech, research, and advanced manufacturing employment to the West Valley.
It hasn’t made as many headlines as TSMC, but it’s still a significant development.
Technology in the Valley is not a one-project story. It’s an ecosystem forming.
The Ranch (2026–2035) in Gilbert
A $1B master-planned mixed-use development with industrial, residential, and retail components.
For the past decade, we’ve seen massive big-box industrial growth.
It’s refreshing to see more mid-size industrial and flex product enter the pipeline. Not every user needs 500,000 square feet.
And if you’ve driven Power Road north of the 202 lately, you already know. It’s moving fast.
What This All Means
Phoenix isn’t dependent on one industry. That’s our strength.
Industrial. Healthcare. Tech. Hospitality. Mixed-use. Infrastructure.
Capital continues to choose Arizona because we’re pro-growth, relatively affordable, and still have room to expand.
If you want to talk about how these developments impact your investment strategy, site selection, leasing decisions, or land positioning, let’s have a conversation.
