Brayden Management Announces Prime Location Opportunity

“Developers’ Bring Vision”

 

 

Chandler (Phoenix), AZ., April 23, 2009— Brayden Management professional representation services is pleased to announce the availability for build out of a 300 room full-service Four Star Renaissance Hotel & Club Sport/Convention Center with full entitlements including Marriott endorsements.

 

This premium property is located at the intersection of Loops 101 and 202 and sits adjacent to Chandler Mall, an upscale Nordstrom and Macy anchored retail center. As a top 5 ULI ranked Phoenix intersection, this 10.5 acres of land offers a short pre- development period granted by a special city approval award titled PDQ Program. The P.D.Q. Program translates into a construction start date of only 60 days from closing.

 

Buyer interest is expected to be high due to the many attributes presented in this opportunity. The current M.A.I. appraisal, values land onsite improvements at approximately forty million dollars. Funding includes 75% Loan to Cost construction financing with external equity interest also available.

 

In addition, the US Bankruptcy court provides a liability free clean title to the buyer, and all general contractors, sub-contractors and supplier liens are paid-in-full with no known creditors. Furthermore, with a Phased Master Plan available and construction drawings 100% complete and ready for bidding, there is less upfront risk and enormous potential for return.

 

“This location offers the potential to regain portfolio value by utilizing a phased site development plan in a superior location. Arizona ranks Chandler as a major business growth area due to ongoing private expansion exceeding five billion dollars. Plus, the owner of this advantageous location will be given maximum developer flexibility. This opportunity encourages a bring your vision approach.” comments, Ron Barrett President, Brayden Management.

 

This noteworthy investment opportunity offers flexible build-out options including an executive health club; 600,000 square feet class “A” office mid-rise space, residential condominiums, fractional ownership condo space, an off-site storm water detention accommodation and more.

 

Brayden Management is an industry leader with over $500 million in commercial project management experience. Recognized for delivering efficiencies and profitability through streamlining the building process, Brayden Management is honored to be associated with this auspicious project.