Town Center gets final OK in Superior
Last Updated: 16:02 August 20, 2013
The project, covering 157 acres at the southeast corner of McCaslin Boulevard and U.S. Highway 36, will include 1,400 homes, more than a million square feet of combined office, retail and commercial space, 12 acres of developed parks and a town square.
The development is about 20 years in the making, with the town annexing the properties in 1997 and refining its vision over the years. Superior's latest master plan for the area was approved last fall, and Ranch Capital LLC, a San Diego-based private equity firm, got involved at the beginning of this year, assembling the land and submitting a proposal for the project in March.
"It's always comforting to make progress, and last night was a great step for progress on the Superior Town Center," said Randy Goodson, Ranch Capital director of real estate, who is managing the development. "Now we have even more work to do."
Goodson said he expects construction to begin by the end of the year, with most of the development built out within five years.
Included in the project is a 150,000-square-foot recreation facility that will include two NHL-sized ice hockey rinks, another half-rink, an indoor soccer/lacrosse field, pool, volleyball and basketball courts and physical therapy facilities.
Also planned is a convention center hotel as well as another possible hotel closer to the town square in the center of the development. Goodson said Ranch Capital is working with a couple of possible tenants for the hotel and convention center.
All of the housing will be for-sale product, with condominiums, townhomes and detached single family homes that top out at 2,500 square feet. Construction on the housing is to begin by the end of next year.
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