During a community meeting Monday night, organized by Councilwoman Ann O’Brien, the development team shared its latest vision for the landmark property off Interstate 17 between Dunlap and Peoria avenues that closed in June 2020.
Estanislao Hurtado III, a father of five, who lives about a mile and a half from Metrocenter wasn’t sure what to expect. Like others in the audience, he’s witnessed questionable, sometimes criminal, activity in the area.
“I want to see this community to be improved and for all families to feel welcomed and to feel safe,” Hurtado said.
Dozens of people filled a meeting room at the Doubletree Hotel to hear Chris Anderson with Hines lay out the plans. Multifamily housing surrounding a pedestrian-oriented town center with shops, restaurants and a park. The first phase will include 600 apartments, which Anderson said would not be considered “affordable” or “workforce.” He called them “attainable.”
“We realize the demographic that’s here, and we’re not trying to displace people out of this demographic, out of this neighborhood. We want people that are coming in, that are going to add to it, not completely transform it, you know, into a way that you can’t afford to live here anymore,” he said.
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- Summer 2022: Developer completes real estate transactions to acquire site.
- Fall 2022/Winter 2023: Demolition of former Metrocenter Mall.
- Early 2023: Commence construction of Phase 1.
- Late-2024 to early-2025: Completion of Phase 1.
- 2025-2027: Phase 2 construction.
- 2027-2029: Phase 3 construction.
- 2029: Completion of all phases.
According to a city report, at full build-out, the project will represent a total capital investment of $935.9 million.