In a 1-1/2 mile stretch along the 44th Street/Arcadia Corridor, which includes HMA Public Relations’ offices, there are two major construction projects and several smaller projects underway, with an impending large project on the horizon.
This is good for everyone.
Joyce Grossman, executive director of the Arizona Association for Economic Development, said,
“An uptick in construction is certainly an indicator that businesses are finally feeling comfortable letting go of some of their capital after the recent recession. It bodes very well for the 44th Street/Arcadia Corridor that these companies and individuals continue to find value in this area and are committed to its future by its investment. In doing so, the economic values of this area have nowhere to go but up.”
Kathryn “Kitty” Maloney-Langmade, president of W.J. Maloney Plumbing, Heating & Cooling and a member of the city of Phoenix’s Camelback East Village Planning Committee, noted,
“This area has been undergoing positive changes for a couple years now. The new and in-fill construction makes a positive statement about what residents and businesses think about the area.”
Mike Brown, Arizona regional president of Washington Federal bank, added,
“This sort of economic development uptick has me very optimistic about our continued climb out of the recession. The business banking climate is certainly seeing this positive uptick too. In fact, right now, while our portfolio is approximately 60 percent consumer and mortgages, our commercial side of the business has been growing exponentially – at a faster clip than any other business line.”
Phoenix City Councilman Sal DiCiccio, who also represents the area, had this to say:
“Arcadia and the 44th Street corridor have been a critical area of District 6. Promoting quality-of-life, small business investment and improving our schools have been three of the major components that I have promoted at the city of Phoenix. One important initiative that I helped lead was preventing any more billboard placements along that corridor. The emphasis of promoting and encouraging small business owners to invest in that corridor was also another critical component. The success of the small business owner also brings success to the neighboring homes that are such a critical part of Phoenix.”
We have claimed in the past that we are located in Phoenix’s version of Madison Avenue, with several of our colleagues doubling as our neighbors.
Now we can add “dynamic,” “growth” and “vitality” to the description of our neighborhood.