The Bidwill family which also owns the Arizona Cardinals Football team has announced that it is developing a $1.2 billion office, retail and residential district, north of the University of Phoenix Cardinal Stadium on Bethany Home Road and the 101 Loop. The project is called cdb101 which stands for "central business district" will take 10 years to build out. The project will have 2.6 million square feet in the 77-acre project which will include a 36-story tower, retail shops, restaurants, 900 residential units and 3 stand-alone hotels. Tim Bidwill, 35, will be running the project. The Bidwills had commissioned Elliot Pollack to estimate the economic impact of the project. Pollack forecasted that the development could mean 11,600 jobs and ultimately $2.1 billion in sales for the valley. The project will be reviewed by the Glendale Planning Commission and the Glendale City Commission in January 2008.
John Laub is the President of the CEO-CFO Group.
1. “Bidwill Project Could Generate $2.6 Bil a Year Report Says.” Scott Wong. The Arizona Republic. December 15, 2007.
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