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Public, private development ramping up around Desert Ridge

An artist’s rendering shows the planned commercial development in City North, Crown Realty & Development’s future development in Desert Ridge. / Provided by Crown Realty & Development / Phoenix Business Journal

Disclosure: Rose Law Group represents Crown Realty & Development

ASU planning several new projects along corridor

By Corina Vanek | Phoenix Business Journal

Miles of empty desert land in north Phoenix near Desert Ridge Marketplace could be Phoenix’s next hotspot for development, panelists at a Friday forum hosted by Valley Partnership said.

In January, 5,700 acres of state land near the mall came back into play after U.S. Bankruptcy Court issued a ruling granting Crown Realty & Development master developer status for the area. The land had been controlled by affiliates of Bruce Gray and Gray Development, which defaulted on notes owned by Crown in 2015 and 2016.

So far, only horizontal improvements have been made on land overseen by Crown, specifically on 96.5 acres Crown closed on as part of the ruling.

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