Harvard Investments is seeking approval for a 1,940-acre planned development in Goodyear. The master-planned community would include thousands of new homes and apartments, as well as retail, dining, and a potential resort. The plan will soon be presented to the city’s planning and zoning commission.
The Phoenix Business Journal reports the project is to be called Rio 1900, and the development will be near Estrella Mountain Regional Park. Most of the 1,940-acre site is owned by Harvard Investments, which purchased it from a longtime landowner for $22 million in 2023.
About 300 acres would be designated for commercial uses, and about the same would be set aside for potential resort uses.
This new community would border the Estrella residential community, which is another major project Harvard is involved with. In 2021, Harvard acquired the 20,000-acre Estrella mixed-use master planned community in a joint venture with Toll Brothers Inc. and Varde Partners Inc. for $212.5 million.
The post Massive Mixed-Use Venture Planned for Goodyear appeared first on Connect CRE.
​Â