Earlier this month, the City of Peoria, AZ took an important step towards realizing plans for the game-changing mixed-use development known as Stadium Point. The City approved the Memorandum of Understanding with Developer American Life/Steinhauer Properties, enabling the team to move forward with preparing a Development Agreement for the planned 1 million+ s.f. project.

Stadium Point has the potential to completely transform the future of Peoria, creating a self-sustaining economic generator that will attract high-wage jobs and will provide a dynamic, energetic, and distinctive environment for residents and visitors. Stadium Point will be ideally located on 17 acres of City-owned land adjacent to the spring training facilities for the Seattle Mariners and the San Diego Padres. This highly-visible site already attracts hundreds of thousands of people each year, and sits within the larger P83 district that offers shopping, dining, entertainment, and more. Stadium Point is envisioned as the focal point of this district, featuring Class A Office, Hotel, Parking, Multifamily Residential, Public Space, Retail, Dining, and Entertainment. RVi is excited to be part of the American Life/Steinhauer Properties team.

You can read more about the Stadium Point development from the Phoenix Business Journal.

Image credit: FREIHEIT Architecture/American Life/Steinhauer Properties