real estate

Peoria council to consider 2 significant projects at June 7 meeting

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The Peoria City Council will consider two significant projects at a public meeting, June 7.

The first is a zoning case that was denied by the planning and zoning comission, May 12, which the board rarely does.

The single family project known as Tiara is proposed to bring 76 units on 18.4 acres to the southwest corner of Thunderbird Road and 67th Avenue.

Most commissiners did not approve of the project because they said the property would need to be down-zoned from commercial to residential, causing a loss of revenue to the city.

Proposed density for the project was 4.13 dwelling units per acre, with a typical lot size of 4,860 square feet, according to a staff report.

Many residents said that is too dense, and most of the commission agreed at the May 12 meeting, where residents came out to voice their opposition to the proposed project.

The second item to be considered is the ambitious project Stadium Point, in which the devloper wants to request changes to the plan's height and sign programing.

The $500 million, 1 million square foot mixed-use development is planned for Class A office, hotel, multifamily, residential, retail, dining and entertainment uses, as well as structured parking on 17 acres.

This proposal focuses on Parcel 2A of the project, the center point intended to be a gathering point in the community, planned for a number of amenities including a market promenade and festival streets.

Peoria, Arizona, council, planning and zoning, real estate, Stadium Point, Tiara

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