By the BF Staff
From the March/April 2019 Issue
Retail is alive and well—booming—in Goodyear, Arizona. As one of America’s fastest growing cities with a primary trade area population nearing 142,000, real estate developers (who collectively invested nearly $100 million just last year) are seizing available sites and properties as quickly as possible. Most recently, a West Coast developer purchased 36 acres of prime retail land for $6 million, and a joint venture spent $45 million acquiring a 232,577-square-foot shopping center. The Market at Estrella Falls—anchored by national brands like T.J. Maxx, Home Goods, Old Navy and C-A-L Ranch, plus home to Arizona’s busiest Oregano’s Pizza Bistro—was bought by a developer who plans to add another 10 acres of dining, retail and entertainment. The momentum doesn’t show signs of slowing anytime soon; in fact, interest continues to grow.
Retailers in Goodyear benefit from immediate accessibility via Interstate 10, creative and progressive zoning, a location just 20 minutes from Phoenix and an exceptionally strong housing market. Add to that enviable averages such as temperatures that rarely dip below 65 degrees and annual incomes of more than $81,000, and it’s no surprise that retailers want to open their doors here. The retail environment boasts a healthy mix of big box stores like Best Buy, Target, Lowes, Pottery Barn Outlet and Ulta, plus the busiest Harkins Theatres location in the country. Dozens of local establishments bring distinct flair to the retail market as well, making it a well-rounded industry.
The workforce available to fill retail positions, from cashiers and customer service representatives to sales associates and regional managers, is among the best in the country. Goodyear has favorable proximity to leading higher education institutions and benefits from a talent pool more than 1.5 million strong (within 30 minutes of Goodyear). The plethora of educated, highly skilled and eager individuals contribute not just to the retail market, but to the vibrancy and success of every industry sector. Its workforce is one of Goodyear’s greatest assets, and companies continue to choose the city for the strength and skill of its people.
Tony Mena, Amazon Manager, noted, “We’re grateful for the strong partnership and support we’ve received from the city of Goodyear this year as we opened a new building. Many factors contribute to open a new facility, among them were strong local partnerships and a talented workforce. We’ve found both in abundance in Goodyear.”
MORE THAN JUST GREAT SHOPPING AND DINING
Retail isn’t the only cluster making a name for itself in Goodyear. The vast number of data centers in the area—with more planned or in development—are attracting top tech firms from around the country. One Fortune 500 tech giant in particular spent almost $48 million acquiring multiple parcels of land in Goodyear, and Vantage Data Centers, owner of seven data centers across California, Northern Virginia and Washington, purchased a 49-acre plot of land where it will build a 160MW colocation campus. Industry leader Stream Data Centers also acquired 157 acres to build a two-million-square-foot campus with ultimate power capacity of 350MW once complete. The national fiber optic network, lack of natural disasters, robust power and the new Opportunity Zone program are just a few of the reasons to be credited for making Goodyear and the Greater Phoenix area a hotbed for data centers and technology innovation.
Complementary to Goodyear’s business assets is a way of life which 95 percent of residents describe as good or excellent. Schools with A ratings, an award-winning level I trauma center and 20,000 acres of outdoor recreation are just the beginning. Goodyear is an All-American City that propels businesses forward, and it’s ready to help you make plans become realities. There is tremendous potential for growth in the retail market where starting or expanding a business is met with ardent support and unparalleled amenities to match.
A rapidly growing city in the West Valley of the Greater Phoenix region, Goodyear, AZ enjoys the advantages of a major Metro area as well as the stunning Estrella Mountains, which provide the backdrop for an active lifestyle. Sports enthusiasts enjoy watching games at Goodyear Ballpark, home of Spring Training and Player Development for Major League Baseball’s Cleveland Indians and Cincinnati Reds. Master planned communities with beautiful lakes, hiking and biking trails, urban parks and award winning golf courses supply ideal housing for residents of all ages, from young professionals to retirees. The local schools are highly rated which include well-known charter schools with outstanding academic reputations.
Goodyear is synonymous with growth and opportunity. It is one of the fastest growing cities in the U.S.
Visit www.developgoodyearaz.com for more information. Join the retail rush. Choose Goodyear.
– Read: Retail Rush: Goodyear, Arizona at BusinessFacilities.com.