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A $100 million investment in a portfolio of commercial real estate projects is coming to the west side of Glendale.
Scottsdale real estate brokerage and development company Diversified Partners announced made the announcement Monday.
The projects, which include the En Fuego retail development, the North 91st Ave. and Cardinals Way retail development and the North 75th Ave. and West Bethany Home Road commercial space, will bring new job opportunities and economic growth to Glendale’s fast-growing west side community.
The new developments, totaling more than 25 acres of commercial property, are filling up with new businesses, some of which include a hotel, various restaurants and shopping centers, according to the news release. All four projects are in close proximity to Westgate, Desert Diamond Casino, State Farm Stadium, and the Loop 101.
The developments are within an estimated population of more than 374,000 in a five-mile radius, with an estimated average income of $70,000, Diversified Partners states.
"We are thrilled to be investing in this vibrant and growing area of Glendale," Diversified Partners CEO and founder Walt Brown Jr. shared in a statement. "Our goal is to create high-quality spaces that meet the needs of both businesses and residents, and we believe these investments will drive long-term value for Glendale."
