MARICOPA IN THE NEWS
APEX MOTOR CLUB
On September 26, 2018 Apex Landco, LLC closed escrow on 273 acres of vacant land on SR238 near Ralston Road for $3,225.324. Apex Motor Club will be the only private motorsports club and race track featuring a 2.27-mile race-quality asphalt road course (expanding to 4.20 miles in a subsequent phase) designed by award winning track designer Bob Barnard of Motorsports Service International. According to the Apex Motor Club website, they have sold out the Executive (entry level) memberships.
COPPER SKY RECREATION COMPLEX
A hotel is part of the major plans for commercial development on the 18 acres adjacent to Copper Sky Recreation Complex. In May Commercial Properties Inc (CPI) was selected by the City of Maricopa to develop 18.3 acres to the south of Copper Sky for mixed-use commercial, including a hotel. Other uses include retail, restaurant, office space and multi-family housing. The agreement’s goal is to have a hotel in place by July 2020.
Earlier this summer, Edison Pointe was the scene of numerous ribbon cuttings as Planet Fitness, Goodwill of Arizona, Ross Dress for Less and Dollar Tree celebrated their grand openings. Also located in the shopping plaza, Dunkin Donuts and Burger King. Construction was fast paced as the initial groundbreaking took place in July 2017. The developer, Vintage Partners, has also secured a full-service restaurant for the site.
RESIDENTIAL REAL ESTATE
Residential real estate is extremely active in Maricopa. The number of new home permits continues to climb with up to 100 permits issued each month. 2017 total permits issued was 810. 2018 is anticipated to top 1100* Average new home pricing ranges from the high $190s to high $290s.
- The top 8 home builders are:
- Costa Verde Homes
- Fulton Homes
- KB Homes
- LGI Homes
- Meritage Active
- Meritage Homes
- Pinnacle West Homes
- Starlight Homes
The resale home market remains active as well. Inventory continues to decline with a 5-year low of 282 active listings noted in May 2018. August inventory is up slightly to 320. Lower inventory, coupled with increased demand, is continuing to drive stronger pricing. The August 2018 median sales price was $204,000, up 66.1% from the 5-year low of $135,000 in October 2013.
OVERVIEW: The SR 347 Overpass will create a bridge over the Union Pacific Railroad (UPRR.) Traffic on SR 347 averages more than 31,000 vehicles per day and future (2040) projections show over 60,000 vehicles per day. There are currently 40 to 60 trains per day; the UPRR has plans to expand service, which would increase train traffic upwards of 100 trains per day.
Construction on the SR347 Overpass remains active with the majority of work scheduled at night due to the weather conditions. Area road closures continue with detours posted. Placement of the concrete piers is complete. Construction of the bridge continues with pier caps. Utility work south of Maricopa-Casa Grande Highway is underway the second half of September. Road construction on Plainview Street and Honeycutt Street continues with the installation of sidewalk, concrete curb and gutter, and building of the subsurface of the future road. Plainview remains closed.
For updates and closures: www.overpasstracker.com
MARICOPA – BY THE NUMBERS
- Number of Businesses: 548
- Population: 48,052
- MALE 49.6% / FEMALE 50.4%
- Median Age: 34.4
- Percentage of Population Age 30-59: 39.24%
- Labor Force: 23,519
- White Collar: 58%
- Percentage of Home Ownership: 81.55%
- Work Force:
- Unemployment: 4.4%
Some college or higher: 65.59%
Bachelors degree or higher: 25.26%
- Median Household Income: $72,841
- Households earning more than national average: 47.99%
- Average Commute Time: 29 minutes
Maricopa Median Household Income is:
- 32% higher than Pinal County
- 29% higher than State of Arizona
- 20% higher than U.S.
Data Source: Applied Geographic Solutions and GIS Planning 2018
For development opportunities:
Director of Economic Development