Peoria, American Life Inc. proceed with plans for Stadium Point at P83

Jun 21, 2020, 5:00 PM
(Facebook Photo/City of Peoria, Arizona Government)...
(Facebook Photo/City of Peoria, Arizona Government)
(Facebook Photo/City of Peoria, Arizona Government)

PHOENIX — The city of Peoria and American Life Inc. are in the midst of finalizing negotiations that would develop the 17-acre space around the Peoria Sports Complex into a mixed-use facility.

On Wednesday, the Peoria City Council approved the Memorandum of Understanding with American Life Inc., rendering the city and real estate giant free to proceed with finalizing a developmental agreement, according to a press release.

“We are delighted to partner with the city to develop the Stadium Point site. The complex will create a mix of uses combining Class A office, hotel, multifamily, and retail that is unique to the area,” President of American Life Greg Steinhauer said in the release.

“The live, work, and play experience will bring unparalleled amenities to the Peoria market, create high quality jobs, enhance the sports complex and set a new standard for offerings available to visitors, sports fans, residents and businesses in the Peoria community.”

In order to convert 17 acres of city-owned land near the Peoria Sports Complex — known as Stadium Point at P83 — into a vertical, multi-use facility, the city of Peoria issued a request for proposal in October 2019 in search of a master developer.

RFP requirements included: Class A office space, a full service hotel, dining options vertically integrated multifamily residential units, retail outlets and considerations for the Peoria Sports Complex and Major League Baseball spring training operations.

The city expects the project to extend more than one million square feet when completed.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

FILE - Stewart Rhodes, founder of the Oath Keepers, center, speaks during a rally outside the White...
Associated Press

Jailed Oath Keepers founder’s past includes Arizona Supreme Court clerkship

Before his Oath Keepers stormed the U.S. Capitol on Jan. 6, 2021, Stewart Rhodes clerked for an Arizona Supreme Court justice.
11 hours ago
Arizona Republican Gov. Doug Ducey gives his state of the state address at the Arizona Capitol, Mon...
Associated Press

Foes of Arizona school vouchers file to block huge expansion

Public school advocates who oppose an expansion of Arizona's private school voucher system filed enough signatures to block it from taking effect.
11 hours ago
(AP Photo/Jon Super) Follow @OatleyTasler...
Taylor Tasler

Glendale police to work with Valley agencies for influx of human trafficking for Super Bowl

Valley law enforcement agencies are preparing for an expected rise in sex trafficking when the Super Bowl comes to Glendale in February.
11 hours ago
(City of Tempe Photo)...

Last repairs on US 60 water transmission line break to begin Oct. 2

The final repairs on the U.S. 60 water line will shut down a portion of the freeway for several weeks starting next month.
11 hours ago
(Photo by Matthew Williams-Ellis/Getty Images)...

New Goodyear short-term rental regulations to go into effect Jan. 1

The city of Goodyear has developed new regulations for short-term rental owners that will go into effect at the start of the new year. 
11 hours ago
Arizona lobbyist Gaelle Esposito is among those opposed to the state’s new ban on using materials...
Scianna Garcia | Cronkite News

Ban on sexually explicit materials in Arizona schools to go into effect

A new ban on books containing sexual content will make its way into Arizona public schools this week, leaving critics worried.
11 hours ago

Sponsored Articles

Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
Dr. Richard Carmona

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.
(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
Peoria, American Life Inc. proceed with plans for Stadium Point at P83