A highly anticipated mixed-use project in Peoria is set to begin construction this summer. The development, called Stadium Point and led by Steinhauer Properties, will span one million square feet and include apartments, hospitality options, retail stores, restaurants, and class-A office buildings.
According to the Phoenix Business Journal, the project has been in planning since 2019 and will be built across 17 acres at the Peoria Sports Complex. This complex serves as a Spring Training facility for both the Seattle Mariners and San Diego Padres teams. Located along 83rd Avenue just south of Bell Road.
The estimated cost of Stadium Point is over $510 million.
The first phase of construction will focus on site development followed by building 357 multifamily units. The second phase will bring a full-service hotel with 220 rooms. Subsequent phases include two office buildings totaling approximately 645
