Maricopa could have a hotel in place by 2020 if a newly signed agreement with Commercial Properties Inc. (CPI) goes according to plan.
Cecil Yates, property management director for CPI, told the Maricopa City Council he already had three hotel users interested. CPI was selected in May to develop 18.3 acres at Copper Sky for mixed-use commercial, including a hotel.
A master planning and marketing agreement approved by council Tuesday is in place for three years, with three one-year extension options. It gives CPI 30 days to present a master plan for what is currently called Copper Sky Commercial Property.
Besides a hotel, planned uses of the property include retail, offices and restaurants.
Economic Development Director Denyse Airheart said the project has the “potential to be a destination.”
The agreement’s goal is to have a hotel of up to 100 units in place July 1, 2020. Yates said the timing possibilities are a year to 18 months from the time building designs are approved.
“They want to stick shovels in the ground as soon as possible,” Yates said.
Once CPI has a hotel commitment, it must notify the City whether it intends to purchase or lease the property for the hotel.