Scottsdale-based SimonCRE is buying another West Valley property for a commercial project.
The developer is under contract to acquire a 6.2-acre site at the southeast corner of Lake Pleasant Parkway and West Yearling Road in Peoria from homebuilder K. Hovnanian, according to CEO Josh Simon.
A rezoning item for a mixed-use project there is heading to Peoria’s Planning and Zoning Commission and will be up for discussion at a July 16 meeting.
According to a city notice for a June 3 community meeting, the commercial component “will feature a specialty grocer.”
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