Article Originally Posted By PhoenixBusinessJournal On August 5, 2022
The city of Phoenix is eyeing a future freeway interchange for commercial development near the Loop 202 as part of its efforts to help revitalize dozens of miles along the Salt and Gila rivers.
The 85-acre property is located near the southeast corner of Broadway Road and 67th Avenue in southwest Phoenix along the Salt River and future State Route 30, which will connect Interstate 17 out west to State Route 85 in Buckeye. It is expected to serve as a reliever to Interstate 10.
The large site in Phoenix is where a future interchange with SR30 and Loop 202 will be developed, leaving some vacant land available for potential commercial development.
A public park was once planned for the city-owned site, but due to plans for SR30, city documents say the property will soon be sold or transferred to the Arizona Department of Transportation. Once the new state route is built, about a quarter of the property will be open for development, according to the city.
Now, Phoenix is in the process of rezoning the site to allow for future commercial development like office, retail and mixed-use, among others. The site is located within the city's Estrella Village and the Rio Salado Oeste area, which the city is working to revitalize through Rio Reimagined, a redevelopment project pioneered by the late Sen. John McCain.
"The rezoning of this city-owned property is an incremental step in positioning the Rio Salado corridor for future investment in alignment with the community’s vision," documents added. "This effort is in line with a larger vision to plan for the Rio Reimagined corridor."
Although there are no specific plans for whatever land is left over after development of SR30, the city said it wants to require open space and various amenities on the site to encourage pedestrian activity and activate Rio Salado. The site, according to city documents, is also located within a larger area identified as being archaeologically sensitive.