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Phoenix & Southwest  + Phoenix  + Apartments  | 
$500M, 1M SF Stadium Point in Peoria to break ground this summer

$500M Peoria Project Eyes Summer Start

A highly anticipated Peoria mixed-use project is expected to get going this summer. Steinhauer Properties is helming Stadium Point, a one-million-square-foot development. In the planning stages since 2019, the development will feature apartments, hospitality, retail, restaurants, and class-A office high-rises once it’s all done.

The Phoenix Business Journal reports it’s slated for multiple phases and will be constructed across 17 acres at the Peoria Sports Complex — the Spring Training facility for the Seattle Mariners and San Diego Padres — along 83rd Avenue and south of Bell Road.

The project will cost more than $510 million to build.

The first phase of Stadium Point will include site development and 357 multifamily units followed by a 220-room, full-service hotel in the second phase.

Following phases will comprise 645,000 square feet of office space across two buildings with 30,000-square-foot floor plates, 65,000 square feet of retail space and a 28,000-square-foot food hall.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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