Plaza Companies and City of Glendale Sign Agreement To Pursue Significant New Mixed-Use Project

Share on facebook
Share on twitter
Share on linkedin
Share on email

GLENDALE, Arizona — The City of Glendale and the Arizona Cardinals are collaborating with Plaza Companies to plan an innovative and vibrant mixed-use project that will further enhance and spur economic development for the City and the region.  

The 62-acre site is located east of Loop 101, south of State Farm Stadium and to the east of the new Crystal Lagoons Island Resort development. It includes a parcel of land in the northwest portion of the property owned by an affiliate of the Arizona Cardinals. The remainder of the site is owned by the City of Glendale. 

Upon completion, the vision for this high energy, mixed-use environment could include up to 600,000 square-feet of Class A office development, more than 60,000 square-feet of quality retail amenities, restaurant and entertainment space, hotels and approximately 230 units of multi-family residential. 

The site will be master planned to provide event parking for State Farm Stadium and the Crystal Lagoons Island Resort while creating a vibrant fan experience.

Plaza Companies, headquartered in the West Valley, has developed some of the most high-profile mixed-use developments in the greater Phoenix area, and this new project will be modeled after the success the company has created at SkySong, The ASU Scottsdale Innovation Center and the revitalized Park Central in midtown Phoenix. 

“We are looking forward to creating a significant economic engine for the West Valley that will add to the substantial private investment pouring into the growing sports and entertainment district that includes State Farm Stadium, Gila River Arena, Westgate Entertainment District the Crystal Lagoons Island Resort development and the many other amenities in the area,” said Sharon Harper, Chairman and CEO of Plaza Companies. “We know from experience that a strong public-private partnership can lead to transformative economic impact, and we look forward to bringing an innovative development approach to this project.”

The team will collaborate on creating a vision for a strong region-wide identity through the use of art, landscape and shade, and exciting overall connectivity between State Farm Stadium and throughout the project.

The project could incorporate a pedestrian-oriented, walkable environment highlighted by tree-lined shaded sidewalks that parallel vehicular spines winding through the development. The walkways will be enhanced with pedestrian nodes and landscaped plaza spaces that encourage interaction and are appointed with public art, accent lighting and a featured outdoor plaza to link to the pedestrian underpass to the stadium to the north.

 “This exciting partnership, with a true industry leader in Plaza Companies, will create new employment opportunities for the community, draw major businesses and commerce to the region as it provides further cultural enhancements for this already thriving area of the city,” said Glendale City Manager Kevin Phelps. “We look forward to working with Plaza Companies on this project as we create a dynamic live, work, experience here in Glendale that is unrivaled in the region while it continues to expand and blossom as a major economic engine.”

The new partnership announcement follows the recent groundbreaking of the Crystal Lagoons Island Resort and the announcement of a new Mattel amusement park as part of this major mixed-use development. 

It also comes at a time when the eyes of the world will soon be on Glendale again as State Farm Stadium will host its third Super Bowl in 2023 and the NCAA Men’s Basketball Final Four for a second time in 2024. Opened in 2006, State Farm Stadium has resulted in an economic impact exceeding $5 billion. The biggest single piece of that came in 2015 when the Seidman Research Institute, W.P. Carey School of Business at Arizona State University determined that Super Bowl XLIX, the 2015 Pro Bowl and related events produced a gross economic impact of $719.4 million for the region, the largest of any special event ever held in Arizona.

 “The Arizona Cardinals look forward to collaborating with Plaza Companies and the City of Glendale to create a distinctive mixed-use business center that attracts companies, creates great jobs and enhances exceptional regional amenities,” said Michael Bidwill, owner of the Arizona Cardinals.

Plaza Companies currently has about 12 million square feet in its property portfolio, including numerous high-profile projects including SkySong, The ASU Scottsdale Innovation Center, Park Central, and the TGen Building, among others. 

About Plaza Companies

Plaza Companies, based in Peoria, Arizona, is an esteemed leader in the developing and managing of medical office and commercial office properties, technology and bioscience facilities, mixed-use properties and senior housing communities. Since its founding in 1982, this full-service, specialized real estate firm has established a proud portfolio stretching across the greater Phoenix area valued at more than $1 billion. For more information about Plaza Companies, visit ThePlazaCo.com

About the City of Glendale  

As the sixth largest city in Arizona, with a population of over 250,000, Glendale is a premiere destination to live, work and play. Glendale features premium entertainment and shopping opportunities and a growing list of signature companies who all call our city home. The City is also home to Luke Air Force Base and major defense contractors including Boeing, Lockheed-Martin, Magellan Aerospace and Honeywell. Other major employers include Red Bull, Humana, Ball, Bechtel and White Claw. From major, international manufacturers, Fortune 100 firms and luxury auto dealers to locally owned small shops and restaurants, Glendale provides the ideal location for businesses to arrive and thrive. Employers will also find access to robust and qualified talent pipelines, with six postsecondary educational institutions. State Farm Stadium and Gila River Arena in Glendale’s Sports and Entertainment District host hometown teams the Arizona Cardinals and Arizona Coyotes as well as mega events such as the Super Bowl and NCAA Final Four. Camelback-Ranch Glendale is the spring training home of the Los Angeles Dodgers and Chicago White Sox. For more information about Glendale, please visit growglendale.com or follow us on Facebook, Twitter and Instagram.

Share on facebook
Share on twitter
Share on linkedin
Share on email

Ready to Get Started?

Whether you are looking to us for management, leasing or development services, we can help you find the perfect space. With almost 40 years of experience, you can trust Plaza Companies to assist you with your real estate needs.

Related Articles