STATESMAN TOSCANA MONTREUX APARTMENTS SUBJECT DEER VALLEY DRIVE ±5.47 Net Acres

DESERT RIDGE MARKETPLACE Parcel SKB HIGH STREET Proposed Rendering

COMING SOON TO HIGH STREET NAANKINGS INDO CHINESE CUISINE

Mixed-Use 56TH STREET

r---- 0 ,0 SENIOR/ACTIVE ADULT MULTIFAMILY SITE AVAILABLE FOR DEVELOPMENT NWC 56th Street & 101 Freeway • Phoenix, Arizona David Fogler Steven Nicoluzakis Executive Managing Director Executive Managing Director 602.224.4443 602.224.4429 [email protected] [email protected] Senior/Active Adult Multifamily Development Site CITY NORTH | NWC 56TH STREET & 101 FREEWAY | PHOENIX, ARIZONA

THE OFFERING

Cushman & Wakefield is pleased to present a unique opportunity to obtain a ±5.47 net acre senior/active adult multifamily development site located within the Desert Ridge Master Plan, strategically sandwiched between High Street and Desert Ridge Marketplace, at the corner of 56th Street and the 101 Freeway, in Phoenix, Arizona, known as City North. At completion, City North is planned to encompass 1.8 million square feet of corporate office, 2,885 residential units, 620 hotel rooms and up to 100,000 square feet of accent retail includingSenior new restaurant / Active concepts. Adult Parcel Map

Existing Traffic Site Details Signal

Zoning: PAD, City of Phoenix 140’ ROW Multi-Use Trail Underpass to J.W. Marriot Site Area: ±5.47 Net Acres / ±238,273 Square Feet 20’ Landscape Easement 35’ Building Setback Tax Parcel: 212-32-100C (portion) Desert Ridge Marketplace Parcel L & SKB D E E R V A L L E Y R O A D 3 Miles 5 Miles ±290’ Demographics* t

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’ 8 Parcel SKB Total Daytime Population (2018): 62,577 227,038 SUBJECT Households (2018): 27,917 77,359

53RD STREET Households (2023 Projection): 30,604 84,020 5.47 Ac (net) Legend

CITY NORTH DRIVE

±610’ Parcel SKB Open Space Easement Average Household Income (2018): $108,858 $104,048 4.64 Ac (net) Building Setback Easement H IG H S T R E E T Stormwater & Utility Easements Average Home Value (2018): $410,236 $410,417 Asphalt Trail 110’ Access Parcel SKB Concrete Sidewalk Easement Total Businesses 1,935 9,489 5 2 N D W A Y Overhead Powerline Pole Street Light Existing 3-Way Stop Total Employees 27,234 108,167 Future 4-Way Fire Hydrant Traffic Signal Existing Bus Stop P A R K Existing Mature Trees P L A Traffic Counts* C E

North of Loop 101 on 56th Street: 14,000 vehicles per day 27 August 2019 N:\01\0106367\Graphics\Exhibits\City North Sales Map L&E2.indd South of Loop 101 on 56th Street: 7,000 vehicles per day East of 56th Street on Loop 101: 151,135 vehicles per day West of 56th Street on Loop 101: 154,759 vehicles per day *Source: Esri 2019 SeniorSENIOR/ACTIVE / Active Adult ADULT Parcel PARCEL MapMAP

Existing Traffic Signal

140’ ROW Multi-Use Trail Underpass to J.W. Marriot 20’ Landscape Easement 35’ Building Setback Desert Ridge Marketplace Parcel L & SKB D E E R V A L L E Y R O A D ±290’

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53RD STREET 5.47 Ac (net) Legend

CITY NORTH DRIVE

±610’ Parcel SKB Open Space Easement 4.64 Ac (net) Building Setback Easement H I G H S T R E E T Stormwater & Utility Easements Asphalt Trail 110’ Access Parcel SKB Concrete Sidewalk Easement 5 2 N D W A Y Overhead Powerline Pole Street Light Existing 3-Way Stop Future 4-Way Fire Hydrant Traffic Signal Existing Bus Stop P A R K Existing Mature Trees P L A C E

27 August 2019 N:\01\0106367\Graphics\Exhibits\City North Sales Map L&E2.indd Aerial Map Looking West Upscale Desert Ridge is a popular shopping area, with independent boutiques along High Street and well-known brands at the open- air Desert Ridge Marketplace. Dining ranges from steakhouses and gourmet burger chains to fun little Mexican cantinas.

DEER VALLEY SKY CROSSING By Taylor Morrison & Pulte Homes WILDFIRE GOLF CLUB DESERT RIDGE SUBJECT COMING SOON TO HIGH STREET MARKETPLACE NAANKINGS INDO CHINESE CUISINE

Office DEER VALLEY DRIVE

STATESMAN Office TOSCANA Core Residential Core HIGH STREET

City North Boulevard

Mixed-Use Mixed-Use

56TH STREET

Proposed Rendering Aerial Map Looking Northwest DEER VALLEY

DEER VALLEY SKY CROSSING By Taylor Morrison & Pulte Homes

By Taylor Morrison

COMING SOON TO HIGH STREET JW Marriott Phoenix Desert NAANKINGS INDO Ridge Resort & Spa WILDFIRE DESERT RIDGE SUBJECT CHINESE CUISINE GOLF CLUB MARKETPLACE STATESMAN TOSCANA Office DEER VALLEY DRIVE MONTREUX APARTMENTS

HIGH STREET Office 56 NORTH Core Residential APARTMENTS Core

Mixed-Use

City North Boulevard

Mixed-Use 56TH STREET

Proposed Rendering

CITY NORTH’S SENIOR/ACTIVE ADULT PARCEL IS CONVENIENTLY LOCATED BETWEEN HIGH STREET AND DESERT RIDGE MARKETPLACE SKY CROSSING SANCTUARY 56TH STREET PINNACLE PEAK RD  Homes by Taylor Morrison and Pulte Homes  Developed by Taylor Morrison  To be completed  Over 1,200 homes planned, 400± completed  Completed in 2016 to Pinnacle Peak  in approximately to date 219 homes  14-24 months Average value of $700,000  Prices range from mid $300s to low $500s

STATESMAN TOSCANA JW MARRIOTT RESORT

  $200 million luxury residential real estate TWO 18 HOLE GOLF COURSES Arizona’s 2nd largest resort   53 acres, 7 existing buildings at Toscana 6 fl oors, 950 rooms, 81 suites   š e Luxe at Desert Ridge will have 223 Over 1,000 employees condominiums upon completion, starting  200,000 SF of ballroom space from $550,000. 1st phase starts January 2019  š e Montrequx will have 335 apartments upon completion and opens Q2 2019 BLACK MOUNTAIN BLVD THE MARKETPLACE 56TH ST REACH 11 SPORTS COMPLEX D.R. HORTON  ±1.2 million SF SUBJECT   Largest soccer complex of its $50mm renovation in 2018  D.R. Horton purchased property in 2018  DEER VALLEY RD PARCEL SCOTTSDALE RD kind in Arizona Over 60,000 visitors per day  Upon completion, will have over 900 homes  18 regulation-sized fi elds  ±269 acres of land appraised at $54 million  100’s of local and national CAMBRIA HOTEL & HOLIDAY INN tournaments played annually  Completed in 2017  Cambria: 130 guest rooms  Holiday Inn: 104 guest rooms MARQUIS AT DESERT RIDGE/ 56 NORTH APARTMENTS FULL DIAMOND INTERCHANGE  Two apartment complexes MIM (MUSICAL INSTRUMENT MUSEUM)  ARIZONA STATE ROUTE 101 Marquis: 370 units completed in 2014 HIGH STREET   56 North: 344 units completed in 2015  Starting in 2019, a new Largest museum of its type in the world   lane will be added in each Over 250,000 visitors per year ±628,000 SF   FULL direction, from Frank ±200,000 SF with 2 fl oors of galleries 99 residential units and DIAMOND ASU PARCEL Lloyd Wright to the I-17 and a 299-seat theater ±330,000 SF of Class A INTERCHANGE offi ce space plus ±196,000  1st 165,000 SF building under construction CAMDEN NORTH TATUM BLVD SF of retail space  Planned medical technology campus END APARTMENTS 32ND ST  Campus at buildout will be 1,500,000 SF MAYO BLVD  Built in 2018  Expected to generate up to 30,000 jobs  ±600 apartments CAVE CREEK RD REA CH 1 1 RE ARIZONA HORSE LOVERSC PARKRE AMERICAN EXPRESS ATI PARADISE VALLEY COMMUNITY COLLEGE ON W  A  ±50 acre equestrian park LKIN Currently 5,000 empoyees G/   CY Over 9,500 students Features 4 covered and lit arenas, a C±300,000LIN SF expansion is under lit practice paddock, water troughs, construction,G T which will house 3,000 JLB APARTMENTS RAIL ca‘ le pens and various trails additional employeesS (totaling 8,000)  300 apartments COMMERCE under construction MAYO CLINIC HOUSING PARADISE RIDGE  $650mm planned expansion, doubling its COLLEGE size and adding 5,000 more employees  Homes by D.R. Horton SLATE SCOTTSDALE  Currently over 7,000 employees  262 lots, ±1,780 SF to ±3,478 SF RECREATION  Built in 2016  3,600 estimated visitors per day  Over $41mm in sales to date  278 apartments PLANNED STREET EXPANSIONS

TOTAL EMPLOYMENT CURRENT ±70,000 employees NEW ±40,000 jobs SOURCE: ESRI 2018 TOTAL HOUSING CURRENT ±20,000 homes NEW ±3,000 under construction DESERT RIDGE OVERVIEW 5 Senior/Active Adult Multifamily Development Site CITY NORTH | NWC 56TH STREET & 101 FREEWAY | PHOENIX, ARIZONA

DESERT RIDGE OVERVIEW

Desert Ridge is a vibrant 5,700 acre Master- and Hospital. American Express is under theatre as well as a Dave and Buster’s gaming Planned Community, located in Northeast construction on a new 300,000 square foot center. The development is home to over 110 Phoenix. As one of Arizona’s largest building expanding its current employee base retailers, including a variety of specialty stores communities, it is expected to ultimately reach of 5,000 to 8,000. and restaurants, and is visited by over 7 million 50,000 residents. The community boasts cars annually. an amazing assortment of amenities and Mayo Clinic Hospital. The Mayo Clinic opportunities for it’s residents, as outlined Hospital features three hospitals on the High Street. Adjacent to the subject here: campus. The Mayo Clinic Hospital has 268 property is High Street, totalling 628,000 licensed beds with 21 operating rooms, and square feet including 330,000 square feet of Great Schools. Desert Ridge lies within the the Mayo Clinic Specialty Building and the Class A office space and 196,000 square feet of Paradise Valley Unified School District, which Mayo Clinic Building are outpatient clinics. The retail space. Sprouts Farmers Market moved its is the 4th largest school district in the State of Mayo Clinic Hospital was included in U.S. News headquarters to the mixed-use development, Arizona. PVUSD is known as one of the top & World Report’s list of best hospitals and and opened a small grocery market with some school districts in Arizona, and is consistently serves more than 150,000 patients each year. essentials, limited fresh produce and a wide recognized as such by the AZ Department of Mayo Clinic Hospital recently commenced selection of prepared foods. There are also Education. construction to double the size of its 250-acre upscale dining and boutique shopping options campus with a $650 million investment. available as well as a comedy club. SCHOOL RANK Desert Trails Elementary 8 out of 10 Arizona State University. ASU is under Upscale Resort. Less than one-half mile construction with its first building on its 26 north from City North is the award winning, Explorer Middle School 10 out of 10 acres. It will be 166,000 square feet on the AAA 4-Diamond JW Marriott Phoenix Desert Pinnacle High School 8 out of 10 campus that one day will house approximately Ridge Resort & Spa. The resort features the 1.5 million square feet of healthcare technology championship Wildfire Golf Club, home to the Scottsdale Airpark. Scottsdale Airpark campus buildings. LPGA Founders Cup and 36 holes of golf. The encompasses roughly 3,100 acres and resort is the 2nd largest hotel in Arizona with 28.9 million square feet of space, and has Desert Ridge Marketplace. The local more than 110,000 indoor/130,000 outdoor more than 50,000 jobs. The Scottsdale center of retail and entertainment activity is square feet of convention space, 8 tennis Airpark is considered to be the third largest the Desert Ridge Marketplace, located directly courts and a 28,000 square foot spa. Club employment center in metro Phoenix. west of the subject property. The marketplace membership is available. Notable area employers include American has approximately 1.2 million square feet of Express, Scottsdale Healthcare Shea Medical retail space spread over 110 acres, including Musical Instrument Museum. The largest Center, Scottsdale North Hospital, Go Daddy major anchors such as Target Greatland, museum of its type in the world and a one- Group, JDA Software, JP Morgan, Vanguard, Barnes & Noble, Kohl’s, Old Navy, American of-a-kind experience, featuring a collection of Starwood, Scottsdale Insurance Co., Rural Eagle Outfitters, DSW, Homegoods, Petsmart, over 15,000 musical instruments from nearly Metro, Henkel/Dial and The Mayo Clinic and AMC Theaters, an 18-screen multiplex 200 countries and territories. PEORIA SCOTTSDALE SURPRISE SUN CITY

GLENDALE FOUNTAIN PHOENIX HILLS PARADISE VALLEY

AVONDALE

GOODYEAR TOLLESON MESA

PHOENIX TEMPE SKY HARBOR AIRPORT GILBERT

CHANDLER QUEEN CREEK

Proposed Rendering Proposed Renderings

Senior/Active Adult Multifamily Development Site For more information please contact: CITY NORTH | NWC 56TH STREET & 101 FREEWAY | PHOENIX, ARIZONA David Fogler Executive Managing Director

PINNACLE PEAK RD 602.224.4443 PHOENIX-DEER VALLEY [email protected] MUNICIPAL AIRPORT DEER VALLEY RD Steven Nicoluzakis MILLER RD MILLER Executive Managing Director

PIMA RD PIMA ! GRAYHAWK GOLF 602.224.4429 BEARDSLEY RD RD SCOTTSDALE COURSE [email protected]

UNION HILLS DR PARADISE VALLEY COMMUNITY COLLEGE

7TH AVE TATUM BLVD TATUM BELL RD FRANK LLOYD WRIGHT BLVD BELL RD

KIERLAND GOLF GREENWAY RD CLUB PARK

19TH AVE 19TH SCOTTSDALE AIRPORT RAINTREE DR MOON VALLEY

40TH ST CAVE CREEK RD CAVE

35TH 35TH AVE COUNTRY CLUB THUNDERBIRD RD

32ND ST 32ND 94TH ST 94TH CACTUS RD ANCALA COUNTRY CLUB ©2019 Cushman & Wakefield. All rights reserved. The VIA LINDA SCOTTSDALE information contained in this communication is strictly SHEA BLVD SHEA BLVD confidential. This information has been obtained PHOENIX HAYDEN RD from sources believed to be reliable but has not been

METROCENTER verified. No warranty or representation, express or implied, is made as to the condition of the property (or DOUBLETREE RANCH RD properties) referenced herein or as to the accuracy or completeness of the information contained herein, and PHOENIX same is submitted subject to errors, omissions, change MOUNTAINS of price, rental or other conditions, withdrawal without

7TH ST 7TH 7TH AVE PRESERVE PARADISE notice, and to any special listing conditions imposed

CENTRAL AVE TALKING STICK SALT RIVER by the property owner(s). Any projections, opinions or VALLEY SALT RIVER FIELDS GOLF CLUB estimates are subject to uncertainty and do not signify AT TALKING STICK PIMA MARICOPA

16TH ST 16TH INDIAN COMMUNITY current or future property performance.

LINCOLN DR RD SCOTTSDALE

BETHANY HOME RD MCDONALD DR CHRISTOWN SPECTRUM MALL PIMARD SCOTTSDALE

24TH ST 24TH COMMUNITY CAMELBACK RD BILTMORE CHAPARRAL RD COLLEGE

32NDST FASHION PARK ST 44TH SCOTTSDALE FASHION SQUARE