By Corina Vanek for Phoenix Business Journal
The City of Goodyear and Globe Corp., a Scottsdale-based developer, have taken the first step to partner in what the city hopes will be a catalyst for more West Valley development.
At its April 8 meeting, the Goodyear council approved a letter of intent to enter into a public-private partnership with Globe to create a new city hall, community gathering place and Class A office space near 150th Drive and McDowell Road.
Early plans call for Globe to develop the city facilities and donate the land, about 7 acres, to the city, while it retains ownership of the office buildings, Goodyear City Manager Julie Arendall said.
Globe owns 47 acres of land, a portion of which will be developed to house the new 120KSF city hall and city departments. In the first phase of the development, Globe also will create a 2-acre public park and 100KSF of speculative Class A office space.
Once the first phase is complete, the remainder of the land owned by Globe will be available for mixed-use development, Arendall said. The city hopes to create a daytime population in the area to support additional retail and restaurants in the area.
Arendall said the next step, the development agreement, will go before council in June or early July. The project is expected to be completed by mid-2022.
Read more at Phoenix Business Journal.