Hmmm Before Boyer starts putting buildings in, there is “horizontal development” that needs to take place, namely roads and utilities.
TOP STORY June 26,2022
Gateway Airport opens up 270 acres for development
Phoenix-Mesa Gateway Airport is throwing 270-acres of vacant land into the economic development feeding frenzy taking place in Southeast Mesa.
The airport board signed a deal last week with The Boyer Company to develop Gateway East, a large section of land in the northeast corner of the airport set aside by the airport authority for non-aeronautical development.
The trapezoid-shaped parcel between the airport’s runways and US 24 sits across Ellsworth Road from an area that has been growing at full-steam in recent year with developments such as the Eastmark and Cadence master-planned communities and the 320-acre Bell Bank Park sports complex that opened in January.
At its June 21 meeting, the airport’s board of directors approved a 40-year master development agreement with Boyer, headquartered in Salt Lake City.
> Boyer describes itself on its website as one of the nation’s largest developers in the nation and a full-serve development company and manager of office, retail, industrial, medical, government, and other specialty property types, including schools and residential communities.
> It has developed over 43 million square feet of commercial space since 1972 and has over $700 million of additional development in progress.
The deal envisions a mixed-use commercial area developed in three phases at Gateway East, but the airport authority is giving Boyer freedom to hammer out the details of development. . .
In Boyer’s tentative master plan for the area, 50% of Gateway East would be devoted to industrial uses, 32% to office, 9.5% to retail and 6.25% to hospitality.
By the terms of the federal government’s transfer of the property, which was Williams Air Force base until 1994, the airport can’t sell the land, but it can grant development rights to outside parties.
Communications and Government Relations Director Ryan Smith said the revenue generated for the airport from the Gateway East deal would help the airport expand in the future should demand for services increase.
BLOGGER INSERT: Ryan Smith
(Nice job if you can get it! He's the son of former Mesa Mayor Scott, who worked for real estate developer KB Homes before getting his present position)... Ryan Smith is also the owner of the Utah Jazz
The site will be developed in phases with specific goals set for each stage. (Phoenix Message Gateway Airport Authority)
By the terms of Gateway East deal, Boyer will pay the airport 55 cents per square foot for developed lots in addition to a 10% revenue share. . .
With the Gateway East deal signed, Boyer has a greenlight to begin work on the first phase of 110 acres, composed mostly of industrial development with a small percentage of retail.
Boyer’s right to develop the rest of the acreage in Gateway East requires the company to meet benchmarks for development over the next 20 years. . .
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