News Ticker

DMB Planning 60-Acre Marketside District

Map courtesy of DMB White Tanks

By Luci Scott for Arizona Builder’s Exchange

The primary regional retail, employment and recreation hub for the master-planned community Verrado is on the drawing boards for Buckeye.

The 140-acre commercial and mixed-use project is called the Marketside District, which will be built on the southern edge of Verrado north of the I-10 freeway at the intersection of Verrado Way and McDowell Road.

Marketside will be the gateway to Verrado and an eastern gateway to the city of Buckeye.

The owner of the 140 acres, DMB White Tanks, has hired DTZ Retail to market about 60 acres for sale or land lease by retailers. DTZ Retail managing director Mark Bramlett and vice president Brent Mallonee will spearhead the marketing.

Developers foresee the 140 acres as eventually containing residences, office space, community and convenience retail services, grocer, big box retail, hotels and networks of civic and open space.

“The Marketside District is expected to serve not only as an important center for community gathering for all of Verrado and Buckeye, but also as a regional destination for the West Valley communities,” according to documents filed with the city of Buckeye.

Marketside is expected to be developed over several years to because it will be built according to market demand. The land covers 8,816 acres and will be split into seven major parcels, which will be divided into 46 lots.

The area is planned to have from 1.2MSF to 1.7MSF of commercial and a potential for high-density apartments. Densities range up to 35 dwelling units per acre.

The approved Master Plan Land Use Budget allows a total of 14,080 residential units, 1K resort rooms and more than 4KSF of commercial/mixed-use space. Maximum heights stand at six stories. Parks are expected to be privately owned and maintained.

The Verrado community, which covers nearly 9K acres north and south of I-10 and east and west of Verrado Way, is set against the White Tank Mountains with elevations ranging from 1,100 to 3,600 feet. It is entitled for 14K homes.

“As Verrado has developed, it has become a modern hometown with an authentic small-town charm that focuses on bringing people together,” according to documents filed with Buckeye.

The Marketside District is envisioned to have medical, retail, entertainment and residential components.

“Due to its outstanding location, it will be both visually prominent and easily accessible,” documents said.

Developers foresee that the buildings in Marketside will be an extension of the town architecture with unique design including graphic storefronts, colorful awnings and artisan details.

North of the Marketside district are the residential neighborhoods of Heritage, Main Street and Victory. The Verrado Golf Course and clubhouse (formerly the Raven) are on the west end of the Main Street.

The first phase to be developed will be the Main Street District, contains a series of residential areas planned around a series of small neighborhood parks. The appearance of the homes is diverse.

In the northern Verrado, the Victory District is being developed and will be restricted to active-adult residents, while the residential areas within the Heritage District are continuing to be built in the southern portions of Verrado.

The Marketside site is being developed with the first phases of the Banner Health Center and the recently opened Verrado Coffee Company as well as a dog park. Banner is a 12KSF a 61-acre site at the southwest corner of Verrado Way and Market Street.

Currently work is under way on Victory at Verrado, which will contain 417 homes by four builders in the first phase. The welcome center is scheduled to open in January.

Later this year, DMB will open the Victory Club, a 30KSF club set in the foothills of the White Tank Mountains. Occupants of the clubhouse will look out into the mountains and down toward the Verrado Golf Club and the private putting greens. Hart Howerton is the design architect, working with SHJ Studio on the building’s design. DMB expects completion of the golf course at Victory in 2016.

Leave a comment

Your email address will not be published.