EMDR Therapy in Arcadia, AZ

Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired Nola on 50^th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for $37.25 million.

Nola on 50^th, which Odyssey will be rebranding as Parq on 50^th, is the firms third acquisition in Arizona since entering the market in late 2020. ABI Multifamily’s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Eddie Chang, Rue Bax, and Doug Lazovick represented the buyer and seller in this transaction.

“Despite the recent shifts in the market that have prompted sponsors to reevaluate, our team identified the potential of securing this strong value-add opportunity in one of the most supply-constrained and sought-after rental markets in the nation,” says Derek Graham, Principal and Founder at Odyssey Properties Group. “Drawing on our meticulous process, collaborative approach, and existing relationships in the Phoenix market, we were able to secure the asset at a favorable price for all parties involved.”

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Graham notes that the Phoenix market, which saw population increases of more than 2.5 times the national average over the past decade, directly aligns with Odyssey’s investment strategy, targeting exceptional submarkets in locations with strong job growth, favorable supply and demand conditions, and a superior quality of life.

“Overall, commercial growth and emerging industry clusters are shaping the economic landscape in Phoenix and diversifying the region’s burgeoning employment base,” continues Graham. “Already a top-performing employment market, the region’s continued job and population growth is further bolstered by recent large-scale industrial and manufacturing developments, including Taiwan Semiconductor Manufacturing Co.’s $12 billion chip manufacturing plant and Intel’s $20 billion expansion project containing two new leading-edge chip factories. Collectively, these projects will bring 5,000 high-tech, high-wage jobs to the region by 2024.”

According to Graham, Odyssey is also confident in the market’s resilience. Throughout the economic downturn due to the pandemic, the Phoenix multifamily market remained one of the strongest in the country, with rents now up 48.84% over pre-COVID levels and occupancy improving to 95.9%. Recognizing the resilience of this market early on, Odyssey acquired their first two assets in the region, Parq at East Arcadia in December of 2020 and Parq on 5^th in January of 2021.

Daniel Diaz, Director of Acquisitions at Odyssey, notes that Parq on 50^th is located in one of the most highly sought-after residential communities in the Greater Phoenix region, Arcadia—where Odyssey currently owns the 181-unit property, Parq at East Arcadia. The submarket boasts some of the most expensive homes in the state of Arizona—with median single-family home values in excess of $1.25 million, according to Redfin. Further, the community is just one mile from Scottsdale, which continues to be recognized nationwide as one of the top markets for business performance, job growth, livability, and friendly culture.

“For many people seeking the quality of life and community amenities offered by this region, renting an apartment is the only viable option,” Diaz explains. “With 30-year mortgage rates on the rise and median monthly mortgage payments in Arcadia hovering above $5,600, the need for high-quality multifamily housing, like Parq on 50^th, will remain strong for the foreseeable future.”

According to Diaz, previous ownership of the community renovated 52% of unit interiors to a luxury scope, allowing the Odyssey team to draw upon decades of experience in value-add renovations and firsthand experience of current market demands to upgrade the remaining 48% of units and position the asset as a leader among surrounding properties.

“Parq on 50^th presents the opportunity to meet the underserved need for highly upgraded housing with a luxury feel at an attainable rental rate,” continues Diaz. “Along with the interior renovations, we plan to increase value through the addition of amenities including Smart Home technology packages and the implementation of property-wide bulk cable/internet service and valet trash service. Further, some of the unique, single-story casita-style units at the community will feature newly extended private yards or patios, making these apartment homes feel more like single-family homes.”

Positioned within the prestigious Arcadia neighborhood, residents enjoy a premium central location with employment, retail, entertainment, and dining options, all within a five-minute drive. The property is located just two miles south of the Camelback Corridor, one of the largest employment centers in Metro Phoenix and home to hundreds of companies employing more than 50,000 white-collar personnel. The prime location offers residents direct access to all areas of the Greater Phoenix metro by way of Interstate 1-, Loop 202, and State Route 51.

Constructed in 1979, Parq on 50^th is comprised of twelve buildings on 5.6 acres of land. The unit mix offers a mix of studios, one-, and two-bedroom units. Existing amenities include a pool and spa, two laundry facilities, fitness center, grilling station, and dog park.

Parq on 50th is located at 5008 E. Thomas Road, Phoenix, Arizona.

Clarendale Arcadia, the latest luxury senior living community, announced today the opening of Phase I of their residences with a move in date of December 5, 2022. This first phase includes some Independent Living residences and all assisted living and memory care residences.

Located close to the southeast corner of Camelback Road and 32^nd Street near the historic Arcadia neighborhood , Clarendale Arcadia offers panoramic mountain views at the 347,346-square-foot property, featuring 248 luxury senior apartment homes. Clarendale Arcadia features tailored lifestyles to fit each resident with high-end amenity offerings.

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“Our approach to luxury senior living is to evoke high-end comfort with touches of home as a rental, not buy-in or life-plan,” said Executive Director Stefanie Smith. “This lifestyle paired with breathtaking views from all five levels and multiple one-and two-bedroom floor plans, allow our residents to live the maintenance free setting they prefer, as well as move through the continuum if and when they may need a higher level of care such as assisted living or memory care.”

This five-story urban community is an $104 million development offering 140 luxury senior independent living residences with one- and two-bedroom floor plans, 68 assisted living and 40 memory care apartments. Independent living residences range from 694 square feet to 1,709 square feet, assisted living residences range from 498 square feet to 1318 square feet and memory care residences are all private.

Residents have several options for floorplans and can expect designer finishes with upscale fixtures, pendant lighting, quartz countertops, soft-close cabinetry, stainless steel appliances and luxury vinyl plank flooring, perfect for living or entertaining guests. Patterns and colors were thoughtfully created to aid in comfort and peacefulness, memory retention and wayfinding.

Clarendale Arcadia was designed as a timeless, resort-style experience, so residents can expect opulence inside and outside their homes. The Copper and Sunset Terraces that make up our second-level amenity deck are unmatched, where residents can enjoy time by the resort-style heated pool, yoga in our outdoor fitness area, or test their skill on the putting green. They can walk their dogs in this pet-friendly community and can enjoy their very own private dog park. The Mountain Vista Community Room on the fifth floor is a fantastic common/multi-use space with floor-to-ceiling windows that showcase views of Camelback Mountain, Mummy Mountain, and Piestewa Peak.

“Residents can expect to maintain a lifestyle of luxury revolving around their individual tastes, peppered with the richness of resort style hospitality in an independent atmosphere,” said Smith. “We can appeal to those who prefer the freedom of independent living, to customized care in assisted living or memory care to enable them to prolong their independence.”

Residents at Clarendale Arcadia will also experience a full life enrichment/activity program, transportation options, three dining venues from casual to elegant dining, a full-service salon, and an unwavering commitment to engaging mind, body and spirit.

“From our highly-sought after location, minutes from luxury shopping and dining, to our unparalleled community amenities, Clarendale Arcadia offers a worry-free lifestyle for area seniors looking for the best in senior living,” said Smith. “Our ultimate goal is to foster community and social activity in an up-scale worry free atmosphere for residents to enjoy during this stage of their lives.”

Clarendale Arcadia is a joint venture between Life Care Services, Harrison Street and Ryan Companies. The partnership entered into a long-term ground lease with the landowner, LAKO. ORB Architecture LLC is the project architect.

“I am extremely proud of our collaboration to deliver this breathtaking development that will bring high-quality living options to seniors in the Arcadia area,” said Amy Weishaar, national director of development management, multifamily and senior living at Ryan Companies. “This project is another proud accomplishment and one of more than 50 senior living communities throughout the country that Ryan Companies has been a part of. We are thrilled with the completion and look forward to hearing about the wonderful memories that residents will make there.”

The community will be managed by Life Care Services, An LCS Company – which ranked highest in customer satisfaction among Independent Senior Living Communities in the J.D. Power U.S Senior Living Satisfaction Study for the last three years consecutively.

Senior living communities managed by Life Care Services also benefit from EverSafe 360°, which was specifically designed to ensure the safety of all residents, staff and visitors to the community with a multifaceted approach to cleaning, disinfecting, and sanitizing the living and work environment.

Phase II of Clarendale Arcadia is planned to open in the Spring of 2023. For more information about Clarendale Arcadia, visit www.clarendalearcadia.com or call 480-573-3700.

The Spot at Arcadia is the area's first family-friendly sports bar. The chef curated menu takes traditional favorites such as wings, burgers, pizzas and sandwiches to new heights while the specialty cocktail list includes original drinks from frozen creations to specialty martinis. The Spot also has an ice cream parlor, arcade and outdoor patio games for kiddos.

"In order to create a truly successful concept, I had to figure out what's missing in this area," The Spot at Arcadia Owner Scott Hibler said. "Arcadia has some of the best restaurants in Phoenix, but it lacks family-friendly establishments where mom, dad and kids can really enjoy what they're individually looking for, together. After months of strategic planning, The Spot is bridging the gap."

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In addition to a full brunch, lunch and dinner menu, The Spot at Arcadia has an ice cream parlor with a wide array of flavors and a cotton candy machine. It also has an extensive collection of board games families can enjoy at their tables, outdoor cornhole, a large patio and an arcade with games that are hard to find in the Valley including a mini arcade with sit down Mario Kart Racing Machines

"We're definitely the only restaurant in Phoenix where dad can enjoy a beer while watching the game and look over at another TV to see his kid playing in the arcade," Hibler said. "Think of us as the utopia for family fun and fantastic food."

The top three items on the menu are the Lobster Roll, the Crispy Chicken Sandwich and the Island Shrimp Tacos that were created by renowned chef Francis Gonzales who has helped develop menus for other popular restaurants like LGO. The Spot also offers signature pizzas with fan favorites being the BBQ Brisket (in-house smoked brisket, cheese and Asian BBQ sauce), Sweet Dreams (pizza sauce, pepperoni, goat cheese, spicy agave and parmesan) and Blanco (white sauce cheese pizza).

“Customers tell me almost every single day that our pizzas are the best in town,” Hibler said. “While we’re not strictly a pizza place, what that says about us is we offer the best of the best when it comes to all food options. I personally always recommend the lobster roll if people are looking to be blown away.”

When it comes to brunch, customers will find one-of-a-kind food combinations designed to excite the palate including the Bacon Glazed Donuts, Home Run Crispy Chicken Bowl, Smoked Gouda Hash Browns and the Breakfast Sandwich that is served on a donut.

“Our signature cocktails are also spot on, pun intended,” Hibler said. “We’re in the process of patenting the recipe for our Arcadia Monsoon which is our very popular frozen drink. The First and Final drink is a favorite too because you get one before your meal and one after your meal. And then Three Amigos Tequila custom made our Mango Margarita just for The Spot. You won’t find it anywhere else.”

The Spot at Arcadia is located at 4801 E Indian School Road in Phoenix. It’s open Sunday at 10 a.m. (kitchen closes at 10 p.m.) and Monday through Friday at 11 a.m. (kitchen closes at 10 p.m.). The Ice Cream Parlor closes at 8 p.m. Monday through Thursday, and 9 p.m. on Friday, Saturday and Sunday. For more information and to see the full menu, visit thespotarcadia.com.

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ARCADIA, AZ — Most people don’t expect to find a date ranch near some of the most popular Valley nightclubs and restaurants, but the Sphinx Date Ranch is in the heart of Old Town Scottsdale.

It's known for its delicious date shakes and other Arizona culinary delights.

“So our date shakes are just ice cream, (medjool) dates, and milk — no big secret here!"

Rebecca Seitz purchased the business with her mother 10 years ago.

“A lot of people don’t realize dates only grow in Southern California and Arizona in the US, so it really is a regional specialty for us here.”

Renaming it The Sphinx Date Co. Palm & Pantry, they’ve made it their mission to make sure more people understand the legacy of Arizona dates and other things that are grown here.

“We’re here to help continue that story and really just talk about the date industry in Arizona in its entirety, which is a pretty big business here in the state.”

The history of the Sphinx date goes back to the 1920s when it was originally discovered.

Seitz says the person who found it said it was a new kind of date and wanted to grow more, so a grove was planted in Arcadia.

"It was a farming neighborhood that became residential in the 1960s, and those same trees are still producing these dates in the yards of this Arcadia neighborhood today."

In the Montgrove neighborhood near 44th Street and Camelback Road, you’ll find nearly 300 date palms. It's where the black sphinx date grows almost exclusively.

Residents harvest the dates every mid-September and sell them to places like The Sphinx Date Co. Palm & Pantry so that we can all enjoy them together.

IF YOU GO: Sphinx Date Co Palm & Pantry3039 N Scottsdale Road, Scottsdale, Arizona 85251480-941-2261

Copyright 2022 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Brian Roehrich is preparing to sell his 7,455-square-foot Arcadia home, with plans to downsize into a home half that size in the same area.

"My wife and I split up a year-and-a-half ago and my daughter is going to NAU, so I'm here by myself in this 8,000-square-foot house on an acre, at the same time running businesses," he said. "It's just a lot going on."

Roehrich, a restaurant consultant, had bought the property at 4621 E. Camelback Road in Phoenix, about 22 years ago, but then four years ago he essentially razed it and rebuilt it into his dream home.

"I built my dream home and I live here by myself," he said. "It's just too much at this point."

The home features a chef's kitchen, complete with a commercial walk-in cooler and freezer, a pizza oven and two Bosch dishwashers. The property also has a pickleball court, putting green, five custom fireplaces, pool and a home gym.

He had been looking for something smaller in the same area and finally found a home off 56th Street.

"It's still in Arcadia Proper," he said. "I'm going to knock it down and build exactly what I want."

Robert Joffe and Beth Thompson of Launch Real Estate, are representing Roehrich in both transactions.

Joffe, co-founder of Launch Real Estate, said he expects to list the home at 4621 E. Camelback Road within the next couple of weeks. The list price will be $3.995 million, he said.

Roehrich estimates his new home will be somewhere between 4,100 and 4,300 square feet.

It will be the same style as his existing home, with a lot of glass, but he wants to include unique features, such as a catwalk.

After renovating one of his restaurants in Gilbert, he came away with ideas on how to use different styles.

"I'll be bringing some of those styles into the house," he said.

Correction/Clarification

A previous version of this article incorrectly stated that Brian Roehrich was the owner of O.H.S.O. Brewery + Distillery.