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The Voice of Marana since 2007
Volume • Number May ,
www.Maranaweeklynews.com
Summer Survival Guide Slow down, stay cool | Special section
Council approves increases to tentative budget
Inside
This Week
SPORTS .................... 24 Hometown hitter returns to Chase Field
A model of the new Amavida multifamily development in Marana. (Alison Melnychenko/Submitted)
BY VERONICA KUFFEL
Northmarq secures $44.9M for multifamily development
T
BY VERONICA KUFFEL
N
Tucson Local Media Staff
HEALTH .................... 26 20% of the U.S. suffers from chronic pain CHOW..............................................8 SPORTS ........................................ 23 HOROSCOPE/CROSSWORD.......27 WORSHIP/CLASSIFIEDS ........... 28 MLS #22309611
ational company Northmarq finalized $44.9 million in construction financing for Amavida, a new multifamily development in Marana. Along with 200 units of apartment-style housing, the property will include a clubhouse, fitness center, entertainment areas and dog parks.
In partnership with Ascent Companies and Vanderbuild, the company plans to break ground in a few weeks and complete the project in 2025. Northmarq’s Debt and Equity team, Bruce Harrington and Tyler Woodard, secured the funding through a senior construction loan and preferred equity with the two companies.
11858 N Copper Butte Drive, Oro Valley, AZ 85737
Lisab@LongRealty.com
★★ ★
520-668-8293
#1 LONG AGENT & #1 REALTOR IN ORO VALLEY Voted Best of Northwest Realtor & Realtor Team
he Marana Town Council unanimously approved the tentative budget for fiscal year 2023-2024 during its regular meeting on
May 16. Weeks after discussing the proposal, the finance department presented a revised budget of around $336.3 million, an increase from the initial $247.9 million. Council will meet to review the final budget June 20 to officially adopt it for 20232024.
see DEVELOPMENT page 4
$473,000
3BD/2.5BA (2,336 SQ FT) 2-STORY W/POOL & VIEWS!
Tucson Local Media Staff
see BUDGET page 6
$499,000 4BD/3BA+ DEN (2,533 SQ FT) HOME AT DOVE MOUNTAIN.
12572 N New Reflection Dr, Marana, AZ 85658
MLS #22300749