Andrea Justice/Arizona Silver Belt
By Andrea Justice | Silver Belt
Managing Director of Redbridge Development Partners William Beal presented plans for the Copper Creek Development deal during the Dec. 8 Globe City Council meeting. The deal, which has been in the works since 2015, proposes construction of over 200 units in the multi-family housing phase on land that once occupied the Apache Drive In Theatre.
According to Beal’s presentation, the City of Globe has received grant money to expand its public profile and spur economic development and the proposed project land is currently under contract with escrow open.
Beal said that future development will meet a demand that has continued to increase year over year. “The Resolution Mine is currently awaiting the issuance of the final EIR report soon, and copper prices overall have risen 25 percent this year with growth projected through 2030,” said Beal. He went on to highlight that area job growth in the next four to 10 years will increase the local population by up to 50 percent, based on data obtained from a Resolution Mine market study.
