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04/14/07
Chandler’s Park Place under way
Filed under: General, Real Estate
Posted by: Lillian Wong @ 4:33 pm

Construction has begun on Park Place, a 95-acre business park on the southeastern corner of Price Road and the Santan Freeway near Chandler Fashion Center.

Plans include two four-story hotels, retail stores and 2 million square feet of Class A office space, characterized by high-quality design and state-of-the-art technology.

“The Chandler market now has less than a half-million square feet of Class A space, and vacancies are very low,” said Phil Cyburt of California-based developer Cyburt Hall.


Cyburt Hall sold 38 acres to San Diego-based Douglas Allred Co. and 8 acres to the Wisconsin-based North Central Group for two hotels.

One hotel will be a Hampton Inn and Suites, the other a Homewood Suites.

David Allred, executive vice president of the Douglas Allred Co., said his plans include six two-story Class A office buildings on his 38 acres.

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