Major developer expected to acquire 1,800-acre vacant West Valley site

Sep 17, 2023, 6:30 AM | Updated: 10:16 am

A Scottsdale-based developer could be in line to acquire the 1,800-acre King Ranch property in Good...

A Scottsdale-based developer could be in line to acquire the 1,800-acre King Ranch property in Goodyear. (Google Maps Screenshot)

(Google Maps Screenshot)

Scottsdale-based Harvard Investments Inc. could be poised to take over as the developer for the long-vacant King Ranch property in Goodyear.

This is a shift from previous plans since another developer, Crown West Realty, a subsidiary of New York-based Petrus Partners Ltd., was considering acquiring the site just two months ago, according to city documents in July.

A city of Goodyear spokesperson told the Business Journal that Crown West Realty is no longer the developer for King Ranch. Instead, they said that Harvard Investments is planning to form a new entity to acquire and develop the property.

Harvard Investments is known for major developments across the Phoenix metro, including a new build-to-rent community called FirstStreet Ballpark Village and a massive $1 billion industrial park it has partnered on, both in Goodyear, a suburb located about 20 miles west of downtown Phoenix.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

We want to hear from you.

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

Arizona News

(Getty Images Photos)...

Arizona Gov. Katie Hobbs meets with Mayorkas in DC to discuss border security

Arizona Gov. Katie Hobbs met with Homeland Security Secretary Alejandro Mayorkas to express what she wants to see at the southern border in D.C. on Wednesday.

55 minutes ago

a "for sale" sign displayed outside of a home...

Brandon Gray

Maricopa County partners with 2 West Valley cities for affordable housing projects

Maricopa County announced Thursday it is partnering with two West Valley cities to fund projects that will provide affordable housing solutions. 

1 hour ago

(ADOT photos)...

I-10 in West Valley, State Route 143 in Phoenix among weekend freeway closures

Drivers in the West Valley can expect road closures for improvement projects this weekend on eastbound Interstate 10, according to the Arizona Department of Transportation. 

1 hour ago


Weekend guide: Here are the biggest events around metro Phoenix for Sept. 29-Oct. 1

There are plenty of things to do around the Valley this weekend, such as attending the Arizona State Fair, a Diamondbacks game or a Netflix comedy show taping.

1 hour ago

Photo of scales and gavel....

Arizona man sentenced to 11 years in prison on drug distribution, gun crimes

An Arizona man was sentenced to prison for drug distribution and gun crimes, according to the Justice Department. 

10 hours ago

The Grand Canyon National Park entrance is blocked off, in Tusayan, Ariz., Oct. 8, 2013, because of...

Arizona among states to pay to keep national parks open if shutdown occurs

Arizona and Utah will keep the iconic national parks in those states open if a shutdown of the federal government were to occur.

12 hours ago

Sponsored Articles

Home moving relocation in Arizona 2023...

BMS Moving

Tips for making your move in Arizona easier

If you're moving to a new home in Arizona, use this to-do list to alleviate some stress and ensure a smoother transition to your new home.

Sanderson Ford...

Sanderson Ford

Sanderson Ford congratulates D-backs’ on drive to great first half of 2023

The Arizona Diamondbacks just completed a red-hot first half of the major league season, and Sanderson Ford wants to send its congratulations to the ballclub.


Mayo Clinic

Game on! Expert sports physicals focused on you

With tryouts quickly approaching, now is the time for parents to schedule physicals for their student-athlete. The Arizona Interscholastic Association requires that all student-athletes must have a physical exam completed before participating in team practices or competition.

Major developer expected to acquire 1,800-acre vacant West Valley site