The City Council approved the purchase of 4.1 acres (highlighted in green) near the Heritage District Tuesday for $3.24 million. The land will be marketed to developers as a mixed-use site. [City of Maricopa]
By Jay Taylor | InMaricopa
The city is purchasing 4.1 acres south of Honeycutt Road and east of John Wayne Parkway near the Heritage District.
The transaction, valued at $3.24 million, will give the city marketable land in central Maricopa it can use to attract development to the Heritage District. The city’s Development Services Manager, Rudy Lopez, confirmed the city will be marketing the plot for mixed-use development.
The city has long envisioned that area as mixed-use featuring retail, restaurants, housing and walkable areas. It also would potentially tie into a large retail development the city is planning for southeast of the overpass.
City Manager Rick Horst has confirmed such a project is coming near the southeastern end of the overpass – soon. He said in March a developer is in place and “dozens” of shops and retailers have signed letters of intent, with other joining the center at a rapid pace.
