$100M Aspen Place Breaking Ground in Q1 2007

FLAGSTAFF, AZ-A 40-acre former sawmill site will be redeveloped into a $100-million retail and high-density residential project, beginning first quarter Q1 2007. Aspen Place at the Sawmill, featuring 155,000 sf of retail, has an estimated two-year build-out period.

Donald L. Meyers, founder and president of the Aspen Group in Phoenix, says national tenants already are showing interest in the project at Butler and Lone Tree roads near the Downtown. "We have corporate approval from Chico's and Coldwater Creek for space and we're in serious negotiation with other regional restaurants," Meyers tells GlobeSt.com.

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