Olinger: Urge Town Council to approve Four Peaks Plaza plan
The Four Peaks Plaza has seven open stores with room for 13 more, or 20 stores. The Plaza was built in 2002.
Sandor Properties, the current owner of Four Peaks Plaza, described themselves as, "Building on 60 years of success and focusing on center revitalization, Sandor has the stability to take a long-term view of property and market success. Although the portfolio was built primarily through ground-up development, in 2008-2009, the focus shifted to acquisition. Since then, Sandor has acquired over $700 million of undeveloped land, existing centers and single-tenant assets. While many competitors have struggled, Sandor's financial strength created opportunity, growing the company from 6 to over 8 million square feet in the past ten years."
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Opinion
Olinger: Urge Town Council to approve Four Peaks Plaza plan
Posted
Glenn Olinger | Fountain Hills
The Four Peaks Plaza has seven open stores with room for 13 more, or 20 stores. The Plaza was built in 2002.
Sandor Properties, the current owner of Four Peaks Plaza, described themselves as, "Building on 60 years of success and focusing on center revitalization, Sandor has the stability to take a long-term view of property and market success. Although the portfolio was built primarily through ground-up development, in 2008-2009, the focus shifted to acquisition. Since then, Sandor has acquired over $700 million of undeveloped land, existing centers and single-tenant assets. While many competitors have struggled, Sandor's financial strength created opportunity, growing the company from 6 to over 8 million square feet in the past ten years."
Sandor will upgrade the current Plaza and adapt it to the future. If the current proposal is not approved, Target will likely close, and without Target, every other store will probably close. What will happen to an abandoned shopping center? Urge the Town Council to approve this, and let's go with a concrete plan, not a "black hole."
Reader reactions, pro or con, are welcomed at AzOpinions@iniusa.org.
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