My office, Keller Williams Legacy One Realty, invited Jeremy Shoenfelder from AZ Sourcing to present an update to local realtors at The Property in Casa Grande, AZ March 28, 2013 . My previous posts talk about rumors and the actual delays of this Phoenix Mart project. This post just simply answers the 2 most asked questions we all want to know. When will they break ground and when will they open?
Jeremy Shoenfelder says the following:
“Some sort of ground breaking should take place the middle part of this year. Probably won’t go hardcore until October.” (2013)
“We want to be open for business the 4th quarter of 2014″.
Take the same virtual tour of Phoenix Mart that Jeremy gave us with this video. This is a rendition of the end build out that will take many years to complete.
Below is an infographic ActiveRain put together based on the data from their survey of real estate professionals. Arizona has one of the top rebounding markets in the U.S.. How confident are Canadians about their real estate market? You may be surprised. If you’d like the full report you can head over to RealEstate.com and get all the juicy details.
Data provided by
ActiveRain,the #1 social community for real estate professionals.
This update comes from the Mayor of Casa Grande, Bob Jackson at his annual State of The City Address. You can watch the Mayor’s State of the City Address on Cox Channel 11 on Monday, Wednesday, Friday and Sunday at 8:30 a.m. & 6:00 p.m. It’s also airing on Tuesday, Thursday and Saturday at 8:00 p.m.
AZ Sourcing, the developers of the Phoenix Mart project, are working on securing all of the necessary paperwork and permits from the different entities involved. The US Department of Commerce also needs to approve VISAs for investors to solidify the financing of the project. According to the mayor, the new 1.75 square foot commercial complex is expected to create 3,000 direct jobs in Casa Grande with an initial investment of approximately $150 million in building and infrastructure. Most of the investment for the construction of the project will come from foreign sources under the Federal Immigration EB-5 Program.
There is not a projected ground breaking date as of yet.