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CONSTRUCTION UNDERWAY
ON WESTGATE CITY CENTER
$115 Million Phase 1 "Village" to Open in October, 2005
Perini Selected As General Contractor
Trammell Crow Selected As Westgate Apartment Developer
Initial Tenants Named
GLENDALE, AZ — The skyline of Greater Phoenix begins an extraordinary transformation today, with the construction start of the Westgate City Center, an urban-inspired community, which is one of Arizona's most important real estate projects ever.
In the shadow of the Glendale Arena and new Arizona Cardinals NFL Stadium, The Ellman Companies and partner Jerry Moyes launched Phase 1 of The Village at Westgate City Center, representing 500,000 square feet scheduled to debut in October, 2005, of what will be 6.5 million square feet of master-planned mixed uses.
"Westgate will become the new standard in urban development," explained Steve Ellman, Chairman and CEO of The Ellman Companies. "We launch today with The Village, a remarkable center core entertainment district of extraordinary design. For Westgate, it's the first phase of building what will become a bustling entertainment, dining, shopping, living, and corporate community that will create jobs and economic growth for the entire West Valley."
A 77,000 square foot Loews Cineplex Entertainment 20-screen, 4000-seat cinema anchors the retail and entertainment core of The Village.
The loft office component will be anchored by the relocation of the corporate offices of the Phoenix Coyotes and Arizona Sting, who will become the first professional sports franchises to be headquartered in the West Valley. The Coyotes/Sting offices will include 25,000 square feet for over 80 employees.
PERINI SELECTED AS GENERAL CONTRACTOR
Perini Building Company has been selected as the General Contractor for Phase I.
"Perini was a rock-solid partner for the Coyotes and the City of Glendale during the development of our Glendale Arena," Ellman added. "They have the strength of organization and commitment for this huge undertaking."
Arena Project Manager Ken Schacherbauer will direct the construction of "The Village."
TRAMMELL CROW TO DEVELOP MULTIFAMILY APARTMENTS
Westgate's residential component will include 378 multifamily apartments, on the eastern portion of the 223-acre site, to be developed by Trammell Crow Residential.
"Trammell Crow is one of the top residential developers in the country," said Ellman. "Combining city style and suburban comfort, their vision of Westgate residential living will create one of the most dynamic and unique urban residential environments in the Valley."
INITIAL TENANTS NAMED
An all-star lineup of tenants will debut at Westgate, including:
Loews Cineplex
Sauce Bistro
Bloom
Maloney's Tavern
Martini Ranch
Lucid Entertainment
Salty Senorita
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Doc Green's
Moe's Southwest Grill
Mama Fu's Noodle House
Cold Stone Creamery
Bamboo Grille
Qwest Retail Store
Coronado Tobacco
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Outparcel Tenants
Claim Jumper
Golden Corral
Famous Dave's BBQ
Carl's Jr.
Discount Tire
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Phoenix Coyotes Hockey & Arizona Sting Lacrosse Office |
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The Westgate City Center will become a super-regional destination, projected to attract 15-18 million visitors annually. Upon completion, Westgate will include more than 6.5 million square feet of retail, entertainment, restaurants, office, residential, and hotels, making Westgate one of the largest commercial real estate developments in North America. Estimated cost for the complete buildout of the Westgate City Center is approximately $850 million.
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