Developer chosen for P83 project near Peoria Sports Complex
PHOENIX — The P83 Entertainment District in Peoria is starting to take shape, as the city announced a partnership with Common Bond Development Group to redevelop an area near the Peoria Sports Complex.
A 2.66-acre site east of the intersection at 83rd Avenue and Paradise Lane will be developed into three restaurant concepts, one of which is expected to be Postino WineCafe.
“The City of Peoria created and strategically shaped the P83 Entertainment District brand, and I am excited to see our efforts continue to pay off,” Mayor Cathy Carlat said in a release. “Common Bond Development Group is an innovative company that has proven its ability to deliver notable restaurant and retail projects throughout the region and I am excited to welcome them to Peoria.”
Peoria city leaders requested proposals for partnerships in the P83 Entertainment District last October.
Common Bond Development Group was selected to help develop 15,000 square feet of space with construction expected to begin in 2023.
“We’re committed to delivering a development with best-in-class restaurant concepts that fit what the community has been looking for, and Postino WineCafe hits every single mark,” CBDG principal and founder Brian Frakes said in the release. “We are also in the process of adding additional tenants that bring diversity and hospitality excellence to the project.”
CMBDG has been working with the city for the last six months to help develop the P83 Entertainment District. The agreement was approved by the Peoria City Council.