JV Developing $35M Mixed-Use Project in Surprise, AZ

JV Developing $35M Mixed-Use Project in Surprise, AZ

SimonCRE and Carefree Partners are collaborating on a joint venture to add 70,000 square feet of restaurants and retail to the Surprise City Center. This is only the beginning; they plan to develop more in the future including office buildings with ground-floor retail, apartments, parking, a family entertainment center and more across 30-40 acres in downtown Surprise.

50% of this space already has leases or commitments from tenants (Mission BBQ) before construction begins. The cost for developing this initial phase will total approximately $35 million.
Construction is scheduled to start during Q3 2021 with completion estimated at one year after that point; however no general contractor has been selected yet.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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