Axon's proposed mixed-use development in Scottsdale faces resistance due to concerns about traffic, density, and water usage, with the Planning Commission delaying a decision after a 6-1 vote.

Better Buzz Coffee, a Californian chain, is opening multiple Arizona locations, including in Phoenix, Surprise, and Gilbert, joining mixed-use developments and broadening the local coffee scene.

The Phoenix City Council approved reduced parking requirements for new multifamily housing, aiming for a more walkable city with density benefits and potential challenges for residents with multiple cars.

Sion Power Corp., a Tucson-based firm, has raised $75 million in Series A funding to advance its electric vehicle battery technology, with participation from LG Energy Solution and others.

Phoenix construction costs rose by 5.42% in October 2023, slightly above the national average, amidst ongoing labor shortages affecting project timelines.

High Street Residential seeks a two-year delay for The Fillmore project's second phase in downtown Phoenix, citing unstable capital markets. The initial phase, completed in 2022, included 330 units and retail space. The delay requires city approval.

A mansion in Paradise Valley leased for $75,000 a month, setting a new record in Phoenix's booming luxury real estate market. Other high-value leases and sales have taken place, showcasing a strong demand for luxury living in the area.

Scottsdale's Silverleaf neighborhood saw a $7 million lot sale and a record $28.1 million mansion sale, indicating a strong luxury real estate market.

The Phoenix area anticipates significant development in 2024, including office conversions, industrial parks, and entertainment venues like VAI Resort, which could transform the city's economic and physical landscape.

The Royale business complex opens in Phoenix's Melrose District, featuring local businesses and aiming to support the community and boost the local economy.

Phoenix leads the U.S. in build-to-rent (BTR) home construction, with major growth also fueled by TSMC's $40 billion chipmaking facility investment, promising significant job creation and economic impact.

TSMC might delay the second Arizona chip factory's production start to 2027 or 2028, deviating from the original 2026 target, due to demand fluctuations and U.S. incentives.

Multiple freeway closures in Phoenix, including I-10, SR 143, and I-17 due to construction, are causing detours this weekend, advises ADOT. Drivers should expect lane restrictions and use recommended alternatives.