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Phoenix CityScape and Norterra developers will collaborate to create a high-end Goodyear food and entertainment complex.
RED Development announced today that it will partner with Scottsdale-based Globe Corp to design and build a sprawling 150-acre entertainment district east of Goodyear’s new City Hall GSQ.
The entertainment and cultural center will offer high-end dining, retail, residential, hotel and entertainment facilities. With more than half a million residents within a 10-mile radius of GSQ, the project is expected to thrive and provide much-needed entertainment to a city that has grown 45 percent over the past decade.
No financial terms or cost of the deal were disclosed.
RED Development is helping to revitalize downtown Phoenix with CityScape, an entertainment hub featuring high-end restaurants like Chico Malo and Stand Up Live, where top comedians perform. The center is also home to designer sports retailers such as Urban Outfitters and Orange Theory Fitness, a boutique social gym.
“We couldn’t resist partnering with Globe Corp. to build on their impressive success with this project,” said Mike Ebert, RED’s Managing Partner. “The City of Goodyear is also an extraordinary partner, sharing our vision for a vibrant, upscale destination that will fundamentally improve the way residents live, work and play in Goodyear.”
Construction on the GSQ is scheduled to begin in 2024, with a coordination announcement expected later this year.
“It has been a great honor to enter into the next phase of developing GSQ with RED, knowing that their proven track record in creating vibrant destinations and our family’s dedication to the community over the past 50 years will help make it Becoming a Goodyear icon,” said George Getz, co-CEO of Globe Corp.
“With RED Development partnering with Globe Corporation to develop the area around Goodyear City Hall, our downtown dream is one step closer to reality,” said Goodyear Mayor Joe Pizzillo. “We have all the right partners working together to create a very special walkable precinct for our residents and the greater Southwest Valley region, allowing them to enjoy bringing great shopping, dining and entertainment to the region. This is the GSQ development A very exciting step in the process.”
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