A Goodyear retail center owner is planning to redevelop the property with a 284-unit apartment complex.
TriGate Capital had zoning approved for the multifamily center at the Canyon Trails Towne Center, a 90-acre shopping center located at Yuma Road and Cotton Lane in Goodyear.
The move is part of an ongoing effort by Texas-based TriGate to help the struggling center to attract new tenants after the Great Recession. The apartments are planned for a section of the center originally destined to be The Home Depot, officials said.
TriGate purchased the property in 2013 when few other players had an interest in the West Valley. The company has spent the past eight years improving the property and working toward making it more of a mixed-use center than strictly retail, officials said.
The garden-style apartments approved by the Goodyear City Council will be developed by Embrey Partners, based in San Antonio, Texas.
This development within Canyon Trails Towne Center is on 13 acres. After Home Depot decided not to build its store during the Great Recession, TriGate purchased the property and set the wheels in motion to create a mixed-use project.
“Working with the city of Goodyear in repurposing and transforming Canyon Trails Towne Center has been a team effort. The addition of multifamily by Embrey Partners is another milestone, and TriGate Capital will continue to work with the city of Goodyear to cement Canyon Trails Towne Center as a destination in the West Valley,” saidPaul Sharp, senior vice president at TriGate Capital.
Leasing activity at the center has been robust in recent months development officials said. Among the center’s list of current tenants are Target, Pottery Barn Outlet, Ross, PetSmart, Orange Theory, Club Pilates, and Planet Fitness. Some recent lease signings include Wingstop and Tropical Smoothie.
There also are more than half a dozen new restaurants, all national brands in the planning stages with city of Goodyear that will open in 2022.
David Malin, former vice president of development and acquisitions with Vestar and now CEO of Scottsdale Development Partners, has been a development consultant on the project since 2019.
He says the center is now repositioned for the influx of new residents and opportunities coming to Goodyear and the West Valley.
“Canyon Trails is one of the great retail comeback stories of the past few years. Before TriGate stepped in, there were major issues," Malin said.
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