MARICOPA, ARIZONA

 Located on the eastern side of  N. John Wayne Parkway (Hwy 347), south of Mercado Street and North of Desert Cedars Dr., the proposed development encompasses approximately 33.49 acres of land. This state-of-the-art development will focus on dining, entertainment, retail, family friendly experiences and amenities. The project offers an alternative to antiquated super-regional malls. The vision of the project is the creation of a main street, mixed-use life style center containing box retailers, national, regional, and local stores, restaurants, and residential space. Maricopa Station will feature a farmer’s market enabling local farmers and craftsmen to showcase their wears, products, and food offerings. A boutique hotel will be incorporated within the body of the development, along with office/residential on the upper floors above the retail.   The central portion of the development will highlight open public space, hosting outdoor community events and gathering areas for families to enjoy a park-like setting. A 20-acre tract of land along the eastern leg of the property will be developed into multifamily containing approximately 400-500 residential units and is a separate transaction.  

Maricopa Real Estate Market Conditions: High growth bedroom community in main growth corridor of the Phoenix southwest area. Approximately $400,000,000 in retail sales are escaping to neighboring communities because of the lack and need of available retail and restaurants in the city. Approximately 1,800 building permits are being issued yearly translating in over 7,000 per year population increase. A new Hospital under construction immediately to the west of the property sharing the same signalized intersection.  To the south is a large regional Recreation facility which draws year round from all over the southwestern United States.