Evergreen Foundation

March 23, 2015 EVERGREEN TO REDEVELOP NORTH PHOENIX PROPERTY

EVERGREEN TO REDEVELOP NORTH PHOENIX PROPERTY
INTO MIXED-USE RESIDENTIAL AND RETAIL PROJECT
– Arizona-Based Company Names New Project “Trellis on Bell”* – 

PHOENIX – March 23, 2015 – Evergreen Development officially closed escrow and recently took ownership of 31 acres of land in north Phoenix from Western Digital Corporation, a company that previously operated a 500,000-square-foot semiconductor manufacturing plant on the site.

The Arizona-based developer plans to turn the property, located on Bell Road between 9th and 12th Streets, into a mixed-use project with retail and restaurants along with single-family homes and apartments.

“We are excited to be starting demolition on this new project, which we named ‘Trellis on Bell,’” said Bruce Pomeroy, President of Evergreen Development. “Our redevelopment plans include demolishing the existing manufacturing facility and modernizing the property by bringing popular retailers to Bell Road, along with a new residential community. We plan to recycle a very large percentage of the asphalt, concrete and metal from the obsolete manufacturing plant and use water conscious landscaping with native desert plants.”

Choosing local companies to work on the project was important to Evergreen. Butler Design Group is the local commercial architect, Whitneybell Perry Inc. is the local apartment architect, and BCS Demolition is the local demolition contractor.

Evergreen expects to break ground in early 2016, and anticipates that the development will be complete by 2018.

Individuals looking for overall information about the Trellis on Bell project can contact Evergreen Senior Development Manager Andy Call at (602) 808-8600 or acall@evgre.com. Retailers interested in learning more about leasing opportunities at Trellis on Bell can contact Evergreen Principal Ken Gatt at (602) 808-8600 or kgatt@evgre.com.

About Evergreen

Evergreen was founded in Phoenix in 1974 by Bruce Pomeroy and Andrew Skipper. Today, the two oversee the company with Evergreen Managing Partner Laura Ortiz. During the past 40 years, Evergreen has grown into a fully-diversified real estate company that handles retail, multi-family and commercial development; asset management; property management; and leasing. The Evergreen team is committed to partnership, value and creative problem-solving, making it one of the most respected real estate companies in the West. For more information, visit www.evgre.com.

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