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The city council Tuesday night approved a ground lease agreement with CivicGroup LLC for the city-owned property at 7120-7128 N. 57th Ave., in downtown Glendale.
The property is comprised of four parcels encompassing approximately 28,000 square feet directly adjacent to the Glendale Civic Center where the developer plans to begin the design of a 120-room hotel.
“CivicGroup’s true strength is urban development, and we are encouraged by their decision to make this investment in our community,” Glendale City Manager Kevin Phelps shared in a statement. “This development in conjunction with our Downtown Campus Reinvestment Project, will serve as a catalyst for additional investments in downtown Glendale.”
Last year, the city engaged in redevelopment efforts in downtown Glendale, including the hiring of a downtown manager and the upcoming Downtown Campus Reinvestment Project. This $97 million investment is currently in the design stage and is expected to be completed by 2025.
"We're thrilled to have our hotel join the many great businesses here,” CivicGroup President Chris DeRose stated.
