Goodyear mall planned by 2016

 

Ninety-nine percent of the failures come from people who have the habit of making excuses.

George Washington Carver

West Valley View  Rachel Trott   staff writer  2/8/2013

New plans call for the long-awaited Estrella Falls Regional Mall to open its doors by the end of 2016.

The developer, Macerich (formerly known as Westcor), met with the Goodyear City Council Monday in a work session to go over a new construction timeline.

“Our goal is to start the site planning and approval process by the end of [2013],” Vice President of Development Garrett Newland said. “Once we start construction, it’ll take about 18 to 20 months to build. I don’t have an opening date to share, but I can tell you that we intend to open it in the next three to four years.”

For now, Macerich is leaning toward an enclosed project as opposed to an outdoor one, although Newland said that may change as the company works with the city for approval and construction.

Economy changes
The 1 million-square-foot mall, to be built near McDowell Road and Bullard Avenue, has been put on hold multiple times since 2006 when the original agreement was drawn up between the city and developer.

Newland cited the economy as the main reason why the mall hasn’t been built yet when he last met with the City Council in February 2012.

According to Macerich’s data, only five malls have opened in the past five years, down from the average of two to five that were opening every year during the 2000s.

“Things have slowed way down,” Newland said.

This year, Newland added that the company is seeing more positive signs, especially in light of 2010 Census data that was just released.

“The data shows [for Goodyear] that there is about 500,000 in population with growth in the immediate area. That’s significant. The income numbers were solid as well,” he said. “The trade area [this mall would impact] extends past Goodyear even to Buckeye, Avondale, Surprise and Phoenix. It’ll gather from a very large area.”

Sales for retailers also seem to be improving, which bodes well for Macerich as it tries to get businesses to help anchor the mall.

So far, the Harkins movie theater chain and Macy’s have signed on to be part of the project, city officials said.

“Some retailers are back to pre-recession levels, but not all of them. Some of the ones that are very important to us in Goodyear, the department stores, they’re improving but they’re not quite back to where they were before,” Newland said. “But we talk to retailers about Goodyear on a daily basis. Without fail, they say they understand the trade area, they’re just asking when.”

Retail therapy
City Council members received the new construction timeline warmly.

“I live in Estrella and it takes me a good 45 minutes to get to the nearest mall, and I and others don’t have that kind of time, so I just wanted to let you know that you are very, very wanted in this community,” Councilwoman Jennifer Barber said.

Rachel Trott can be reached by email at rtrott@westvalleyview.com or on Twitter @byracheltrott.

 

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.

 

a little about me and my expertise – video

 

land specialist- land expert-investment broker-Arizona

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

 

View my listings at:

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

www.Walter-Unger.com

www.KLCommercialGroup.com

 

 

 

Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily

 

www.walter-unger.com

 

 Follow me on Facebook:

http://www.facebook.com/ungerccim

Follow me on Twitter:

https://twitter.com/Walterunger

Follow Me on Linkedin:

https://www.google.com/search?q=linkedin+pub+walter+unger+ccim+782+920&channel=linkdoctor

Follow Me on Google+

https://plus.google.com/u/0/b/114560883588623379451/

 

Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial and  Landspecialist in Phoenix and a Landspecialist in Arizona.

 

1.

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

In my opinion we are at or near the bottom of the cycle in Commercial Real Estate in Phoenix and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.

 

2.

IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME.  IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.

 

3.

WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME

  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.

Since I was a Land Specialist in Arizona and a Land Speciaost in Phoenix many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.

Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales.  I have been working with banks for many years – I learned how to work with them.

 

If you have any questions about the 1 to  3 above, about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.

 

Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)  602-778-5110 (office direct).

 

www.Walter-Unger.com

 

 

 

Thank You

Walter

 

Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix,AZ85016

Cell:      520-975-5207

Direct:   602-759-1202

Office :  602-445-4141

Fax:      602-445-4188

walterunger@ccim.net

 

Delivering the New Standard of Excellence in Commercial Real Estate

 

www.walter-unger.com

www.KLCommercialGroup.com

 

 

  • Commercial Real Estate Scottsdale
  • Commercial Real Estate Phoenix
  • Commercial Real Estate Arizona
  • Commercial Investment Properties Phoenix
  • Commercial Investment Properties Scottsdale
  • Commercial Investment Properties Arizona
  • Land Specialist Arizona
  • Arizona Land Specialist
  • Land Specialist Phoenix
  • Phoenix Land Specialist
  • Land For Sale Phoenix
  • Land for sale Arizona
  • Commercial Properties For Sale Phoenix
  • Commercial Real Estate Sales Phoenix
  • Commercial Properties Phoenix
  • Commercial Properties Arizona
  • Commercial Land Specialist Phoenix
  • Commercial Land Phoenix
  • Multifamily land Phoenix
  • Retail Land Phoenix
  • Industrial Land Phoenix
  • Land Commercial Phoenix
  • Land Retail Phoenix
  • Land Industrial Phoenix
  • Land Multifamily Phoenix
  • Industrial Land for sale Phoenix
  • Land Industrial
  • P

 

 

 

Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.