Explore the Latest Developments and New Communities in the Greater Phoenix Metro for 2024

Highlighting New Communities and New Developments/Projects coming to the Greater Phoenix Metro...Your #1 Source For Everything Arizona!

Stadium Point Project in Peoria, AZ Finalized, Breaking Ground in a Few Months

Exciting developments are underway in Peoria's P83 entertainment district as plans for Stadium Point, a sprawling mixed-use development, gain momentum. Set to break ground as early as this summer, this ambitious project by Steinhauer Properties Inc. promises to transform the area with luxury apartments, hotels, retail spaces, restaurants, and modern office complexes, covering a vast expanse of 17 acres at the Peoria Sports Complex.

With an estimated cost exceeding $510 million, Stadium Point will be rolled out in phases, with the initial phase focusing on site development and multifamily units. Subsequent phases will introduce a full-service hotel, expansive office spaces, retail outlets, and a vibrant food hall, all contributing to the district's allure.

In addition to Stadium Point, neighboring developments like the Postino WineCafe and Fox Restaurant brands are also taking shape, injecting further vibrancy into the area. Supported by both public and private investments, the Stadium Point project underscores Peoria's commitment to fostering economic growth and enhancing its entertainment offerings.

New Kohler Plant in Casa Grande, AZ Months Away from Completion

Kohler Co.'s ambitious manufacturing project in Casa Grande, Arizona, is progressing rapidly. Expected to be operational by mid-2024, this $300 million, 1 million-square-foot facility will focus on producing Sterling Vikrell bath and shower fixtures.

The facility will encompass manufacturing equipment installation throughout 2024 and early 2025, with Kohler beginning the recruitment process for over 400 positions, offering competitive wages and benefits. Adjacent to Chang Chun Group's new factory and a proposed NRS Logistics facility, this plant will cater to increased customer demand for Kohler's fixtures, popular in housing developments and big-box retail stores.

Kohler Co. is currently hiring for various roles, with salaries ranging based on education and experience, offering comprehensive benefits packages.

Over the next decade, this project is anticipated to generate $1.1 billion in economic output and $166.8 million in personal income. A significant portion of the jobs are expected to offer wages significantly higher than the minimum wage, contributing to the region's economic growth.

Kohler's expansion aligns with the broader industrial growth in the greater Phoenix region and Pinal County, reflecting its commitment to innovation and development. With a global workforce of over 40,000 employees and a diverse range of products, Kohler continues to be a leader in the manufacturing industry.

Construction on Optima McDowell Mountain Village in North Scottsdale, AZ has Begun

Optima, a renowned real estate developer, has joined forces with Mitsui Fudosan America, Inc. for its latest venture, Optima McDowell Mountain Village, situated on 22 acres in North Scottsdale. This ambitious project will feature six eight-story buildings, including 1,330 luxury residences and 36,000 square feet of commercial space. Designed by David Hovey Sr., FAIA, and David Hovey Jr., AIA, each building will offer resort-style amenities such as rooftop swimming pools, fitness centers, and outdoor recreational areas, all boasting breathtaking views of the surrounding landscape.

Notably, Optima McDowell Mountain Village will prioritize sustainability, with features like 75% open space, high-performance mechanical systems, and solar panels. Additionally, the community will adhere to the latest energy conservation and green construction codes, setting a new standard for eco-friendly living in Arizona.

Strategically located near major highways and popular shopping districts, residents will enjoy convenient access to urban amenities while relishing the tranquility of the McDowell Mountains. With a proven track record of luxury developments in Arizona, Optima continues to shape the Greater Phoenix market with innovative, upscale living spaces.

Master-Planned Verrado Community to Emerge as New Hub for Growth in the West Valley

Vestar's Valley employees have been diligently working on the $125 million Verrado Marketplace project, which promises to be a significant addition to the West Valley's retail landscape. Scheduled for completion in 2025, the expansive power retail center will encompass 500,000 square feet of commercial space, featuring major anchors like Target, Safeway, and a Harkins BackLot entertainment complex.

This ambitious undertaking marks Vestar's largest project in the Valley since 2008 and reflects the company's commitment to meeting the growing demand for retail in the area. Situated at the northeast corner of Interstate 10 and Verrado Way, the Marketplace will serve as a gateway to the Verrado master-planned community and the rapidly expanding city of Buckeye.

With its strategic location and diverse offerings, including fashion retailers, daily necessities, and an array of dining options, Verrado Marketplace aims to cater to the evolving needs of residents and visitors alike. The project is poised to elevate Buckeye's status as a retail destination, complementing the city's population growth and expanding commercial landscape.

In collaboration with Vestar, DMB Associates Inc. is spearheading this transformative initiative, aligning with their vision for creating vibrant, thoughtfully planned communities. As construction progresses and leasing efforts continue, Verrado Marketplace is set to redefine retail experiences in Buckeye, ushering in a new era of growth and development for the region.

Phoenix, AZ Innovation and Agricultural Center is Nearing Finalization and on Track for 2025 Completion

The Agri-Food Innovation Center in Phoenix, spearheaded by Arizona Fresh Holdings LLC and Plaza Cos., remains steadfast in its commitment to revitalizing South Phoenix. The ambitious project, slated for a 140-acre brownfield site along the Rio Salado riverfront, aims to bring fresh food, jobs, and opportunities to the area.

The development, expected to represent a $400 million investment, will unfold across four phases over the next two decades, creating over 1,500 jobs. The initial phase will feature a community park, wholesale produce market, and office space.

In addition to its economic impact, the project aligns with efforts to promote healthy food access. Arizona Fresh has secured grants to support initiatives focused on improving food distribution and fostering community resilience. These efforts underscore the project's broader mission of transforming the region's food landscape.

With plans for vertical construction on the horizon, the Agri-Food Innovation Center is poised to be a catalyst for positive change, generating significant economic output and tax revenue for the city of Phoenix. As discussions with strategic partners progress, there is optimism for the project's timely realization, marking a significant milestone in the city's ongoing redevelopment efforts.

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