Scottsdale-based HonorHealth Research Institute opened a $7 million Center for Translational Science laboratory on the Phoenix Bioscience Core campus in downtown Phoenix.The 2,500-square-foot laboratory for HonorHealth Research Institute’s Center for Translational Science is within 850 PBC, a seven-story building at 850 N. Fifth St. developed by Wexford Science + Technology.That building, which opened in 2021, currently is 88% occupied, said Kyle Jardine, vice president at Wexford Science +Technology. A second PBC building is in the works, but it’s too early to determine an exact timeframe, he said.HonorHealth is the primary clinical affiliate for Arizona State University’s new medical school, which will be housed within a new 200,000-square-foot structure on the Phoenix Bioscience Core campus right next to the 850 PBC building.HonorHealth also will have space in that $200 million project, which will serve as the headquarters for ASU Health and several ASU health colleges. It is expected to open by fall semester 2028.This project comes online at a time when ASU’s sister University of Arizona is putting the brakes on development of its own health sciences center on the Phoenix Biosicence Core campus, amid federal funding uncertainty.• Milhaus and Banyon Residential has opened Northbend, a 310-unit luxury apartment community at 906 N. Miller Road in Tempe.Units ranging between 544 and 1,393 square feet will offer monthly rental rates from $1,564 to $3,428, said Brad Vogelsmeier, vice president development at Milhaus.expandMilhaus and Banyan Residential celebrated a grand opening and ribbon-cutting ceremony for Northbend, a 310-unit luxury apartment community at 906 N. Miller Road in Tempe.craigrootimagingThis is Milhaus’ second community built in Tempe, following Nollie, 2125 E. Apache Blvd., with a third set to open in Phoenix, he said.While he wouldn’t disclose total development costs of the project, Vogelsmeier said capital was provided by private investors, leveraging the asset’s opportunity zone status and the construction loan was secured through a long-standing lender relationship.• Kin …
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