City buys 15 acres for Maricopa Station development for $5.9M
by Jay Taylor | inMaricopa
The city made two recent land transactions – one purchase and one sale – as part of efforts to facilitate development.
The purchase of about 15 acres of land – mostly along the Union Pacific railroad tracks just south of the overpass and east of John Wayne Parkway – cost $5.9 million. It was bought from Michigan developer Shaun Ridge LLC.
The city intends to use the land to develop a public market and infrastructure, including streets, utilities and green space, according to the city’s draft capital improvement projects plan. It is intended to spur economic, residential and retail development as part of its plans for Maricopa Station, which encompasses the total acreage south of the overpass where the east side of Honeycutt Avenue currently dead ends as well as the Heritage District area immediately east of the tracks. Pedestrian bridges over the tracks would link both areas.
