Glendale Seeks To Annex 36 Acres For Mixed-Use Project With Commercial, Residential

 

The city of Glendale is seeking to annex another 36 acres of land next to the Loop 303 for a proposed industrial, commercial and residential development.
The site plans call for a mixed-use project on the southeast corner of Northern Avenue and Cotton Lane and could include three buildings totaling about 345,000 square feet of office, commercial and warehouse space and a single-family rental home community.

The annexation application is one of several the city has proposed to increase development near and adjacent to the Loop 303. Earlier this month, the Glendale Planning Commission recommended Bickman Industrial, a 1.3-million-square-foot warehouse and distribution space and postponed Hopewell, a massive industrial park with five buildings totaling nearly 1.6 million square feet.
On Sept. 14, the city’s interim planning manager will present the application for the new annexation in a Glendale City Council workshop. Following annexation, the city said the applicant seeks to rezone the property to a planned area development to allow for industrial, commercial and multi-family uses.

It’s unclear based on planning documents who is developing the project dubbed Sonoma Cotton.

According to real estate database Vizzda, Scottsdale Investment Management (SIM), the current owner of the site, purchased the property in 2015 from RGM Ranching for $2.5 million.
Garry Jestadt, a partner with Scottsdale Investment Management, said the land is in escrow and expects the new buyer, who he declined to name, to close on the 36 acres by the end of the year.
The city did not immediately respond to a question asking the identify of the developer.

Homes Plus Commercial Space

About 24 acres of the site will include industrial and commercial buildings along Northern Avenue. The industrial and commercial site would include a 57,700-square-foot building for potential office, commercial, showroom flex industrial or smaller maker-spaces.

Two other buildings, which would be about 143,740 square feet each, would be traditional warehouse buildings for multi- or single-tenant spaces, planning documents said. Future users are to be determined, but the city said it expects the buildings will be commercial or industrial to accommodate multitenants who may have a showroom or office in front and warehouse storage in the back.
Along Cotton Lane, the site could also see a high-end, gated and professionally managed single-family rental home community with 144 single-story homes, including a mix of duplex style and detached homes on about 11 acres, planning documents said.

The home configurations would include one-bedroom small duplexes at 575 square feet, one-bedroom large duplexes at 777 square feet and two-bedroom single layouts at 969 square feet, according to city documents.
The homes will also feature high-end finishes and private outdoor yards and patios and include rustic cottage and desert contemporary styles. The community will also include inactive and active open space areas such as a dog park, barbecue stations, fire pits, a pool and more.

The proposed development’s one-time revenue is estimated at $2.5 million, planning documents said. Annual revenue for the project is also estimated at $190,000 per year, excluding one-time revenue.
“The 303 freeway has seen tremendous growth in new industrial employment and this annexation will further improve that trend and attract high quality jobs in this strategic corridor,” the annexation analysis said in city planning documents.

 

Source: Phoenix Business Journal