Staff Reports | Business & Construction
Harvard Investments has closed on a 1.74-acre parcel for a new Circle K at its master-planned community of Verde Trails, located at the southwest corner of Broadway Road and 107th Avenue in Avondale.
The site will feature a one-story Circle K convenience store along with fueling stations. The closing marks a milestone in the commercial development of Verde Trails, according to a press release.
This Circle K represents the first closing for four commercial parcels within Verde Trails and is expected to serve as a catalyst for future development across the remaining three parcels. Its location on a hard corner and proximity to residential neighborhoods positions it as an amenity for the growing community.
As part of the development agreement, Harvard Investments will install offsite right-turn lanes to improve access into the commercial area, along with limited onsite improvements to support utility infrastructure and site accessibility. These enhancements will help pave the way for future commercial tenants and services.
“We diligently worked with the City of Avondale and Circle K to bring this opportunity to closing. We wanted to be sure it well-served residents of the community and the area and we’re excited to begin the construction work,” said Roger Theis, vice president of development for Harvard Communities, the community development division of Harvard Investments.
“This is an important step in activating the commercial core of Verde Trails and reflects the strong collaboration between public and private partners committed to serving the community,” Mr. Theis said.
Harvard Investments recently announced the successful sale of the final residential parcel within Verde Trails. The parcel consists of 110 single-family residential lots designed as a six-pack cluster product on 45-foot by 55-foot lots, located at 107th Avenue and Broadway Road.
The property was sold to Clayton Properties Group Inc., doing business as Oakwood Homes, a builder known for quality and innovation. Verde Trails now spans approximately 350 acres and includes about 880 homes across a variety of lot sizes. A 6.5-acre commercial corner is designed to enhance the neighborhood with planned retail offerings.
