Pinnacle West Capital Corporation
PNW Stock May 9, 2008 33.73   
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PNW Subsidiaries

 

SunCor Development Company
Now entering its third decade of operations, SunCor Development Company celebrated its 20th Anniversary in March 2007.  It is one of the most trusted and prolific developers in the Mountain West region, with projects in Arizona, Utah, New Mexicoand Idaho

One of the key factors of its success is its diversity, with divisions in urban infill, retail, industrial, commercial, master-planned community, and golf course development, along with homebuilding.  Since it was founded in 1986, SunCor has:

  • created 18 master planned communities that 13,000 families now call home;
  • built 26 commercial and retail centers where more than 500 entrepreneurs are doing businesess and fueling their local economies;
  • provided world class amenities to 300,000 golfers every year; and
  • leased or sold more than 25 million square feet of retail space.

Current projects include:

  • Hayden Ferry Lakeside, a nine-building mixed-use complex in Tempe
  • numerous residential, commercial and industrial projects in Palm Valley and Palm Valley 303 in Goodyear
  • StoneRidge, a 2,000-acre master-planned community, in Prescott Valley
  • Prescott Lakes, a master-planned community in Prescott
  • Coral Canyon, a 2,300-acre master-planned community near St. George, Utah
  • Rancho Viejo, a 10,000-acre master-planned community in Santa Fe, New Mexico Avimor, a 23,000-acre master-planned community near Boise, Idaho, and
  • Rio West, an award-winning, five-building office/industrial project in Tempe 


"Ariz.-based developer SunCor on Rancho Viejo, the community near Santa Fe that plans to equip homes with individual water-harvesting systems. The project is thought to be the first master-planned community in the country to make the devices standard on all home sites. SunCor says more than 300 systems have been installed so far in the 13,000-acre development, which will eventually include more than 1,000 homes. The company says it expects tap-water usage for irrigation to be cut by almost 30% and is currently considering a similar residential development for Arizona."

--- First Prize for Rainwater Harvesting Goes to... ---
The Wall Street Journal Online
January 20, 2006

 

The company also has significant land holdings in Central and Northern Arizona.

SunCor has accelerated and enhanced its focus on sustainability this year.  Some examples include:

  • creation of a staff position dedicated to research, evaluation and integration of sustainable practices
  • increased emphasis on urban infill projects
  • support for public policy initiatives, efforts, organizations and forums that promote sustainability (e.g., Proposition 106 – State Trust Land Reform, Valley Forward’s Livability Summit, and the Arizona League of Conservation Voters’ Earth Day Celebration)
  • participation in the Arizona Businesses Advancing Sustainability initiative, and
  • exploration of partnerships with educational institutions seeking to integrate sustainability-focused students and graduates into the development industry.

Equally important, SunCor incorporates and is exploring ways to incorporate sustainable practices into its projects.  Some examples include:

  • significant water conservation measures in master-planned communities, including community landscaping with native species and xeriscaping; absence of “lawnscape” option in residential landscape elevations; use of cisterns; significant recharge projects (including an injection well); use of effluent from residences for golf course irrigation; dual irrigation systems; and installation of conservation devices, such as low-flow toilets.  In at least one community, StoneRidge, in Prescott Valley, Arizona Department of Water Resource allocation is 3 units per acre foot of water, and actual consumption is 4.5 units per acre foot of water
  • in the newest master planned community by SunCor (Avimor, located near Boise, where models will be open next year), and at Rancho Viejo, in Santa Fe, homes will be and are Energy Star certified
  • construction of an experimental all-solar home in the SunCor master-planned community of Rancho Viejo, located near Santa Fe
  • conservation of significant (40 percent or more) property as open space
  • partnership with game management agency to create wildlife management plan that requires “no net loss” of habitat within master-planned community
  • exploration of use of formaldehyde-free ceiling tiles and carpet in commercial buildings, and
  • exploration of use of no volatile organic compound off-gassing paint

Further information on SunCor's developments in commercial and residential properties and golf course management can be found at SunCoraz.com

 

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