Evergreen Foundation


From Sears to Shelter

Former Chapel Hills Sears targeted for demolition, redevelopment as apartments BY RICH LADENRICH.LADEN@GAZETTE.COM It was the end of an era when the Sears department store closed last year after nearly four decades at the Chapel Hills mall in Colorado Springs. Now, it could be the end of the Sears building — and possibly the start […]

Commercial real estate deals for 7.10.20

Evergreen Devco Inc purchased Turnberry at Heather Ridge, a 268-unit apartment complex at 2038 S. Vaughn Way in Aurora, for $46 million. John Blackshire and Tom Wanberg of Transwestern represented the seller.

Phoenix real estate firm buys Chandler retail center

By Corina Vanek  – Reporter, Phoenix Business JournalJul 6, 2020, 5:51pm EDT Evergreen DevCo, a Phoenix based development company focused on retail and multifamily projects, bought Chandler Pavilions, a value-add retail site, and plans to secure new junior anchor tenants. According to Maricopa County records, Evergreen bought the development for $10.52 million from Illinois-based Invesco LLC. Pat Dempsey […]

Evergreen Devco adds Aurora apartments for $46M

Evergreen is anticipated to make further unit renovations – last updated in the 1990s – as well as clubhouse renovations. Jennifer Hayes June 22, 2020 Evergreen Development added an Aurora apartment community to its metro Denver portfolio. It paid $46 million, or $171,641 per unit, for the Turnberry Apartments at Heather Ridge, a 268-unit community, […]

Artis Buys 176,269 SF Development Site within California Mixed-Use Project

MORGAN HILL, CALIF. — Artis Senior Living has acquired 176,269 square feet within the Evergreen Village mixed-use development in Morgan Hill, a city at the southern tip of Silicon Valley. Artis plans to build a memory care community on the four-acre site, though details and a timeline have not yet been released. Frans Construction Inc. […]

Mark Wahlberg-backed F45 Training coming to Eastmark

Evergreen Devco, Inc., a leading retail and multifamily development company, announced today that they have negotiated a lease agreement with global fitness company, F45 Training, at the firm’s The Point at Eastmark development, located at 10706 East Point Twenty-Two Boulevard in Mesa. Actor Mark Wahlberg is an investor and proponent of F45 Training. The Australian fitness company […]

Housing market in 2020: Here’s what to expect in Arizona

Laura  Ortiz, president, Evergreen Devco: “The commercial real estate industry continues to evolve, but is strong in our markets. For companies like Evergreen, who innovate and are creative and flexible, there are opportunities for new developments and redevelopments.  Evergreen’s multifamily work will also continue to grow steadily.  I am very optimistic heading into 2020.”

Evergreen Devco promotion and addition

Evergreen Devco, Inc., a leading retail and multifamily development company, announced the promotion of Jeff Market to Vice President of Arizona Multifamily and the addition of Michelle Sinclair as Director of Asset Management. Market is responsible for the development and construction management for Evergreen’s Arizona multifamily projects. “Jeff is a talented and valuable team member,” […]

Evergreen Devco breaks ground on pair of retail buildings

Evergreen Devco, Inc., a leading retail and multifamily development company, announced that it has begun construction on a pair of single-tenant retail buildings that will house a Black Rock Coffee Bar and a Wilhelm Automotive on the southeast corner of 35th Avenue and Greenway Road in Phoenix.  The two buildings are part of Evergreen’s pad […]

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