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By KEVIN REAGAN Staff Writer Feb 20, 2017 Updated 1 hr ago (19)
CASA GRANDE — Mickey Mouse may have a competitor in central Arizona if a new development project under review by the city comes to fruition.
The Block Sports Company, based in Florida, is looking to develop a 1,500-acre “destination resort” near Casa Grande, which it compares to Walt Disney World.
Referred to as Dreamport Villages, the project would develop hundreds of acres near the Interstate 8 and Interstate 10 junction for recreational and residential uses.
Amenities to be built include an indoor recreational facility, water parks, a wildlife animal exhibit, restaurants and an amusement park. Another portion of the project would be reserved for commercial and residential purposes as well as the future construction of a school.
According to plans submitted to the city in January, developers describe the project as similar to Walt Disney World in Florida.
“We believe we are at the same point today in Casa Grande as was Orlando 50 years ago when Walt Disney envisioned Disney World,” the plan says.
The developers argue that Casa Grande is better positioned for this type of project, unlike Orlando was back in the 1960s when Disney began building, considering its proximity to two major freeways and location between Tucson and Phoenix.
Full development of the project is estimated to take up to 10 years with a budget of $4 billion. Phase one of the project is expected to generate up to 5,800 direct and indirect jobs.
The scope of phase one has yet to be determined, but the plan outlines a few amenities that include an “extreme” sports park, resort hotel with indoor water park, a village marketplace with retail spaces and an RV park.
The Casa Grande Planning and Zoning Commission will review the project March 2 regarding amendments to the property’s original development plan.
The land appears to be owned by Casa Grande Mountain Ranch Limited Partnership, according to records of the Pinal County Assessor’s Office, and was previously going to be developed into a “commerce center” for business and commercial uses.
The City Council approved an amended version of the development plan two years ago, yet the land surrounding the freeway junction remains undeveloped.
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Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM:
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