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American Life Selected for 1M-SF Peoria MXU Development
Seattle-based American Life, Inc. reached an agreement with the City of Peoria to move forward on Stadium Point at P83, a more than one-million-square-foot mixed-use development just southeast of 83rd Avenue and Bell Road in Peoria. The developer will convert 17 acres of city-owned land near the Peoria Sports Complex.
The city believes the project’s mid-rise to high-rise Class A office space will act as a key economic driver. The Stadium Point project is also expected to be a catalyst for the entire P83 district’s emergence as an innovative, financial, technological, educational, and entertainment corridor.
Also planned are a full-service hotel, vertically integrated multifamily residential, signature retail and dining, and considerations for the Peoria Sports Complex and Major League Baseball spring training operations.
The city and American Life will negotiate a development agreement over the coming six months, encompassing land, infrastructure, public improvements, financing options, a master plan, project milestones and timeline.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development



