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Ground IS Breaking For PhoenixMart November 7th, 2013

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Ground IS Breaking For PhoenixMart November 7th, 2013Ground IS Breaking For PhoenixMart November 7th, 2013

Do you believe it? The Phoenixmart ground-breaking event, some of us have been waiting for, is here.  This ceremonial ground-breaking will bring together federal delegates and business leaders from the U.S. and abroad to celebrate the first U.S. global commerce center in the western hemisphere. I feel privileged that my hometown of Casa Grande, Arizona is the final destination chosen for this first-class world-wide showcase venue.  As a realtor, I look forward to the employment opportunities and community growth. I too will be there to celebrate.

DIRECTIONS FROM PHOENIX –

  • TAKE I-10 SOUTH TO EXIT 194 E. FLORENCE BLVD.
  • HEAD EAST FOR ABOUT 2.5 MILES. YOU WILL SEE TENTS.

ALLOW AT LEAST 1.5 HOURS FOR EXTRA TRAFFIC FOR THIS EVENT.

EVENT TIME STARTS AT 9:30 am This Thursday Nov. 7th

SPEAKERS/ INTERVIEW OPPORTUNITIES:

• Jeremy Schoenfelder, President of PhoenixMart

• Elaine Chao, 24th Secretary of Labor of the United States

• U.S. Rep. Ann Kirkpatrick, Arizona 1st Congressional District

• U.S. Rep. Paul Gosar, Arizona 4th Congressional District

• Bob Jackson, Mayor of Casa Grande, Ariz.

 

PhoenixMart Rumors – March 2013 Update

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By Jennifer Srock

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 PhoenixMart 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.

PhoenixMart Rumors – October 2012 Update

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October 2012 PhoenixMart Rumors

I recently spoke with former City of Casa Grande councilman and current candidate for Pinal County Supervisor, Steve Miller. He has been keeping in touch with the Pres. of AZ Sourcing who is behind the PhoenixMart project.

The EB-5 immigrant investor program I’ve discussed in my blog posts have been fulfilled by the Chinese which is the part of the story most of the public is hearing that may be taken out of context. PhoenixMart rumors have it that the project has met the funding requirements. However, the project was not just being funded by the Chinese. As I mention in the blog, only 1/3 was coming from the Chinese. Another 1/3 was to come from the U.S. and another 1/3 from Europe.
It is typical for people of the U.S. to wait until after an election to make any major financial decision. A small portion of the 1/3 needed from the U.S. is there but, there’s speculation the rest wouldn’t come until some time after the election.
The other issue is the 1/3 coming from Europe. With the European economic crisis, there aren’t many investors to fill the 1/3 needed to fund PhoenixMart at this time either.
Although permits are being  Steve miller put it, ” I wouldn’t hang my hat on PhoenixMart. I don’t see it going away. I just don’t see it in the near future”. He goes on to explain that the government timeline for the EB5 program doesn’t begin until ground breaking. To begin construction, all investors MUST be in place for them to break ground.
The lack of certainty in today’s economic markets is going to be the cause of further delay of PhoenixMart.
PhoenixMart Rumors and Updates – January 2012, May 2012, October 2012, April 2013

PhoenixMart Rumors and Other Casa Grande Projects

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Is PhoenixMart Advancing?

According to Mayor Bob Jackson, the only hold up for this project is the processing time for an EB-5 application. When the project began, the processing time through Washington was only 2 months. It is now 8 months to get through the process which has added 6 months of a delay. Ground breaking is now planned to take place by the end of 2013 with an estimated opening day in February of 2014.

Watch the video below for Mayor Jackson’s May 18, 2012 update on project to open in 2014.
  • PhoenixMart
  • Sam’s Club
  • Ritchie Brother’s International Heavy Equipment

Also find out about the renovation of the downtown library, dispatch center, $3.5 million reconstruction of Downtown Florence Street and development of the Community Recreation Center as well as the Downtown cleanup of the junkyards just south of the railroad tracks.

Is Casa Grande positioning itself to be an international marketplace?

Is the project just a bunch of PhoenixMart rumors? Follow these Updates – January 2012, May 2012, October 2012, April 2013 Search Homes For Sale In Casa Grande, AZ.

PhoenixMart PAD Is Approved in Casa Grande, AZ

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By Jennifer Srock

PhoenixMart PAD Is Approved

Well, it happened Tuesday, January 17, 2012. The City Council of Casa Grande approved the PAD for PhoenixMart by a unanimous 7 to 0 vote. Ground breaking is planned to take place by the end of 2012 with an estimated opening day in February of 2014.

PhoenixMart Shops Rendition

Friday, January 20, 2012,  I attended a breakfast in which many of my questions about the PhoenixMart project were clarified.  Mayor, Bob Jackson spoke briefly about the project before handing the mic over to the Vice President of the developer of PhoenixMart, Jeremy Shoenfelder. Jeremy spoke extensively about the details of the project and most importantly, he answered questions to help clarify some of the misunderstandings. [Read more…]

PhoenixMart in Casa Grande, AZ – What is it?

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PhoenixMart Logo

So, What is PhoenixMart?

PhoenixMart is modeled after Dragon Mart an YiW. This project is said to be geared toward both wholesale and retail sales as the first multi-industry permanent sourcing and distribution center in the United States. It’s to be a one-stop shop where over 1,700 domestic and international vendors offer approximately 500,000 products and services to other business, consumers, and international buyers.

Follow along as this AZ Sourcing project changes the future of Casa Grande.

Article 2- Project Discussion In It’s Infancy

Article 3- Project Planning & Zoning

Phoenix Mart Rumors and Updates – January 2012, May 2012, October 2012, April 2013

Check out this Phoenix Mart Presentation: The International Market Place

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