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SimonCRE JC Acacia, LLC 6900 East 2nd Street Scottsdale, AZ 85251 Cotton and Peoria Retail Center Annexation Narrative Report Annexation Submittal: 2022-03-25 APN: 502-08-006S, 502-08-006RQ, 502-08-006R, 502-08-006F Waddell, AZ 85302 City of Glendale Planning and Development Department SR21-261 SimonCRE JC Acacia, LLC 6900 East 2nd Street Scottsdale, AZ 85251 Prepared for: City of Glendale, Planning and Development Department 5850 West Glendale Avenue Glendale, AZ 85301 Location: SWC of Cotton Lane and Peoria Avenue Proposed Use: Retail Center (Retail, Restaurants, Fuel Station) APN: 502-08-006S, 502-08-006RQ, 502-08-006R, 502-08-006F Introduction: SimonCRE JC Acacia, LLC is full-service commercial real estate development company based in Scottsdale, Arizona, and will be the developer and land purchaser of this new project and site. To support the tremendous growth in this area and surrounding communities, this proposed retail center will create a high-quality environment for local residents and promote economic vitality within the City of Glendale. The subject site is situated in an area poised for growth and development and has already experienced a large amount of growth. Project Description: This proposed retail center project, referred to as Cotton and Peoria Retail Center, is an 8.34- acre parcel located on the southwest corner of Cotton Lane and Peoria Avenue. This proposed retail center will contain a total of approximately 36,778 square feet of total building area. This total building area includes: three free standing restaurants with drive-thrus, a 4,800 square foot multi-tenant retail building, a 5,000 square foot national fuel center, and a 22,000 square foot national retail store. The proposed buildings will have architectural styling that complements the surrounding area and the City of Glendale design standards. Currently, the property of which our proposed development is located on is begin used as a horse stable and the operator’s residence. The land is zoned RU-43 (Rural Zoning District – One Acre per Dwelling Unit) in unincorporated Maricopa County and will require a rezone to C-2 (General Commercial) following the completion of the annexation process with the City of Glendale. SimonCRE JC Acacia, LLC 6900 East 2nd Street Scottsdale, AZ 85251 State of Request: SimonCRE JC Acacia, LLC formerly requests annexation from unincorporated Maricopa County into the City of Glendale. The property is defined as Maricopa County Assessor Parcel Numbers 502-08-006S, 502-08-006RQ, 502-08-006R, and 502-08-006F. Attached to this request is a legal description of the property. As mentioned above, the property is zoned RU-43 in unincorporated Maricopa County, and SimonCRE JC Acacia, LLC will be requesting a rezone to C-2, General Commercial, with the City of Glendale. Project Compatibility: Due to the proximity of our proposed site to the 303 freeway, we believe new commercial uses are the best uses for this property. As evidenced by the retail center development at the northwest corner of Cotton and Peoria, in the City of Surprise, this area is poised for future development and is located in the path of commercial, employment, and residential growth. Our proposed Cotton and Peoria Retail Center fits directly with this expansion. Being within the City’s “New Frontier” strategic district for economic development, the area surrounding our project is experiencing rapid growth in industrial and employment development. This is evidenced by the 337-acre Parkway 303 West project which was recently approved by the City of Glendale for annexation and rezoning, the roughly 1.7 million square foot Clarius Park industrial project at the southeast corner of Olive and Loop 303, and the recent PAD Amendment approval for Woolf Crossing to provide for industrial and logistics manufacturing. These developments have created a need for retail and restaurant uses that our project will provide. Further, our project will provide services to the Zanjero Pass residential community at the northeast corner of Citrus Road and Olive Avenue, which was recently approved for a rezone to provide 605 residential homes. Due to the lack of retail in this area, these residents of this new community will have to travel over ten miles to utilize a retail center within the City of Glendale limits. Our mix of restaurants, retail, and fuel station will better serve this community, while also allow for tax revenue to stay within the City of Glendale. This proposed project will be compatible with the upcoming retail center that is currently being entitled at the northwest corner of Cotton and Peoria. Additionally, with the upcoming intersection improvements that will be coming to this area (figure below), SimonCRE believes that our project site will be best suited for commercial use as opposed to the current land use. SimonCRE JC Acacia, LLC 6900 East 2nd Street Scottsdale, AZ 85251 Conclusion: SimonCRE JC Acacia, LLC is proposing the annexation of the property into the City of Glendale and rezone to PAD with C-2 (General Commercial) allowed uses and requirements. In recent years, the City of Glendale has experienced rapid growth in single family and residential housing, but the same cannot be said of retail. With the continued growth, this proposed retail center will provide retail spaces to an area that is currently underserviced. This development will also include the increase of jobs, property taxes, and sales tax revenue to the City of Glendale. SimonCRE is committed to providing this new development to the City of Glendale and is looking forward to working with City Staff throughout this annexation process. Please contact me at the number below should you have any questions or need additional information. Thank you, Maria Grishina Development Project Manager SimonCRE JC Acacia, LLC 480-745-2016 maria.grishina@simoncre.com SimonCRE JC Acacia, LLC 6900 East 2nd Street Scottsdale, AZ 85251 Site Plan for Proposed Project at NWC Cotton and Peoria City of Glendale General Plan Map SimonCRE JC Acacia, LLC 6900 East 2nd Street Scottsdale, AZ 85251 City of Glendale Incorporation Map MCDOT Improvement Project