By Queen Creek Tribune
Ashley Furniture recently paid $2.7 million for 3.4 acres on a retail development near the new Costco at Ellsworth and Queen Creek roads in Queen Creek.
According to data by Valley real estate tracker vizzda.com. Ashley Real Estate LLC, a subsidiary of Ashley Furniture Industries, bought the land from Vestar Queen Creek Crossing LLC and is proposing a 45,000-square-foot retail building on the site as part of a proposed development of 138,782 square feet of retail space.
That retail space would include two major buildings, two shop buildings and four pad buildings on 13 acres. Three of the four pads apparently are envisioned as drive-thru restaurants, vizzda reported.
The other large retail space on the site will be a Hobby Lobby on the overall 32-acre development called Queen Creek Crossing.
While town documents show both the Costco site and Queen Creek Crossing as separate areas, the sites are connected and “will operate as one project.”
“Vestar and Costco specifically negotiated parking requirements for the Vestar parcel separate from city required code,” a staff report states.
