Tucson Development Thread

[ZonaRealtor2021]

It looks like Edmund Marquez has called it quits with RN this should be interesting on who is the replacement as it looks like there’s two open positions now after Chris and his wife passed away in a tragic airplane crash back in April.

With the incident downtown this past weekend and empire pizza completely shooting themselves in the foot online people have been bringing up the $512,000 RN loan to empire pizza, they responded stating that due to the city of Tucson not approving their plans it looks like the expansion will not happen. I wonder what will happen with the money given to them?? this looks like another PR nightmare for RN.

Also today I saw the article of what is actually being built in the Tucson marketplace and it is not Aldi’s first grocery store in Tucson it looks like it is the third installment of Jted and it’s new technology building it looks really nice and I’m excited for the kids!

Lastly Provident Industrial has finally entered the Tucson market and acquired the last of the remaining shovel ready plots of land for a total of 9.6 acres on the SE corner of Valencia and Palo Verde rd for a Tucson first 163,000 square-foot class A distribution facility “institutional quality industrial facility” offering trailer parking & a fully concrete truck court.
It was quoted to say the reasons why they finally decided to enter the market was Tucson‘s population being over 1 million people, the U of A enrollment of over 50,000 and the areas strong employment based in manufacturing and defense, mining and technology as factors supporting the investment and that Tucson has had 31.7% income growth between 2019 and 2024 raking 4th among peer metropolitan areas.