Development group proposes business park, apartments for site near planned water park south of Phoenix - Phoenix Business Journal

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The two projects are just two of several planned to be developed around a proposed surf and water park in this city south of Phoenix.

A new business park and apartment complex are a few of several large projects that are being proposed for sites adjacent to aEstrella Gin Business Park is in the works for an overall 30-acre site on the corner of Loma Road just south of Smith Enke Road in the northwest part of the city of Maricopa. It will be developed just east of PHX Surf, a 71-acre park with lagoons, retail space, a hotel and entertainment venue.

Shane Cook, the leasing broker for the site and realtor with eXp Realty, said they're also building a 47,200-square-foot flexible office building on the site. The facility can accommodate a 3,000 to 30,000-square-foot user or more and is expected to break ground by the end of the year. Cook said the new office facility could be valued at $7 to $8 million.

"There's 14 acres that are left to build on in that space," Cook said."There's a lot of flexibility in the 10 acres in the middle. Because of the surf park, it's leaning more retail oriented than it was before the surf park." "If somebody brought a use that made sense, we can put the financing and the development together along with it," he added.

 

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