Growth Corridors In The Metro Phoenix Area...

Valley development corridors show huge potential, from the Phoenix Business Journal, reports that there are numerous growth corridors in the metro Phoenix area that are spurring developers to develop new projects. New opportunities will develop where the Loop 202 is extended in the East Valley, along the Loop 303 in the West Valley, the Grand Avenue corridor in Surprise, the Sun Valley Parkway corridor in Buckeye, the Westgate development corridor along the Loop 101, and along the light rail route in Phoenix, Mesa and Tempe. Michael Chasse, a principal with Arizona Land Advisors stated that 10,000 lots are planned along the northern part of Sun Valley Parkway, making that area "one of the hottest markets to come along, for new homes." North of Grand Ave., north of Surprise, Lennar just announced its plans for Asante, a new 3,600-acre master-planned community, including a 1 million-square-foot shopping center. Colton Commercial Chief Executive Dan Colton stated that commercial and industrial opportunities are predicted in areas near new residential projects in the West Valley, where about 60 percent of the region's residential construction is occurring. "The West Valley is a magnet for east Los Angeles," he said.



http://phoenix.bizjournals.com/phoenix/stories/2006/05/29/focus1.html?t=printable