Glendale officials and the Arizona Cardinals are collaborating with Peoria-based Plaza Companies to plan an innovative and vibrant mixed-use project that is expected to spur economic development for the city and the region.
The 62-acre site is 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 multifamily 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 handles high-profile mixed-use developments in the Valley. This project will be modeled after the success the company created with 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, chairperson 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 regionwide identity using 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,” Glendale City Manager Kevin Phelps said.
“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 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 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.