Mixed-use project coming to Arcadia

Residents of the Arcadia area in east Phoenix are welcoming changes to a planned development that many hope will bring a stronger identity to their neighborhood. The area, a collection of well-established neighborhoods nestled south of Camelback Mountain and east of the Scottsdale border, is set to become home to a major retail, restaurant and office project that could become a focal point for the area. The plan calls for open space surrounded by 11 buildings - a bank, retail, restaurants, outdoor dinning, and offices - spanning 146,000 square feet on the southwestern corner of 48th Street and Indian School Road. In 2009, MidFirst Bank and Oklahoma-based Arcadia Development LLC bought the 12-acre property known as R&G Ranch, which had been owned by Phoenix Newspapers, Inc., a subsidiary of Gannett Co., Inc., owner of The Arizona Republic. For years, the property was a gathering spot for events for employees of The Republic and the former Phoenix Gazette.

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