Chicago-based Alter Group and the Salt River Pima-MaricopaCommunity are co-developing the 187-acre, mixed-use project. Theestimated $32-million first phase is seating a three-story,98,864-sf building at 7500 N. Dobson Rd. and 64,018-sf structure,also three stories, at 7580 N. Dobson Rd.

According to Kurt Rosene, senior vice president for the AlterGroup, both buildings have generated enough interest and activityto warrant an early 2007 groundbreaking for the second phasealthough there are no signed, sealed or delivered deals in hand forthe first roll-out of class A space. "We're already planning asecond phase of this to stay ahead of the situation," he says."We'll get these finished, then start with the new buildings rightbehind them."

Rosene tells GlobeSt.com that an additional 500,000 sf to700,000 sf of office and retail will be coming out of the groundwithin 18 months. "There are deals in the pipeline, we're planningright now for that space," he says.