Thursday, May 19, 2005

New Freeway Development Set

The Solanna Group and Fordon Partners announced a $250 million commercial development on 90-acres where the Loop 101 and Loop 202 meet, east of McClintock and south of McKellips Road.

The development has plans for up to 1 million square feet of mixed-use commercial space, a hotel, a high-tech office and international trade park, and a specialty retail, premium outlet and entertainment complex. David Fordon states "naturally the 101-202 has to be one of the prime, major freeway-to-freeway interchanges probably in the United States and it's a prime, visible location. You're a five minute drive away from Arizona State University and 10 minutes away from Phoenix Sky Harbor International Airport.

The area is primed for this kind of activity in the way the growth is going in the Valley. Unlike the Mesa Riverview project and the Tempe Marketplace projects that were political hot potatoes, Fordon says that it is unlikely the project will either draw controversy or become political.

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