Upscale Urban Village Planned...Near The New Cardinals Stadium...

Upscale urban village planned for Zanjero, from the Arizona Republic, reports that a new 20-story hotel, shops, restaurants, office space and residential lofts will be developed on part of the 151-acre Zanjero development located near the new Cardinals stadium at 91st Ave. and Glendale Road. Nevada-based Marathon Commercial Development purchased the land for $30 million earlier this year. Construction is to begin next year, with the first phase expected to be completed before the 2008 Super Bowl. Plans call for about a half-million square feet of retail and restaurant space, 200,000 square feet of office space, two-and three story residential lofts above retail, and three mid-size residential towers. About 1.5 million people now live within a 30-minute drive of Zanjero, while about 300,000 employees work within 10 miles of the area, according to Marathon. Look for this area to continue to be a hot spot for commercial, retail and residential development.



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