The center has just been sold to new owners that plan to do a major renovation of the center. Emphasis will be placed on providing products and services designed to cater to the nearby Grand Canyon University. A large monument sign is available for tenants.
The center fronts on the very busy Camelback Road, just west of 35th Avenue. Grand Canyon University (GCU) is located a very short walk to the northeast. The 179 acre campus is home to 5,800 full-time & 25,300 part-time undergrads and over 17,000 part-time grad students. Total enrollment is about 68,000 including on-line students. Campus amenities include a 7,000 seat arena, a 55,000 sq. ft. fitness and recreation center, renovated Student Union, popular dining options across campus and resort-style swimming pools.
Grand Canyon Education Inc. (Nasdaq: LOPE) is in the midst of $180 million in construction projects on its GCU campus, but has a total of $550 million planned over the next four years. In addition to the $180 million projects on for 2016, plans call for spending an additional $100 million in 2017 for dorms, parking garage, and Division I athletics improvements. In 2018, GCU plans to spend another $100 million to build three more dorms, an additional restaurant & library space. In 2019, GCU has budgeted $85 million to build a dorm and a classroom building, and another $85 million for 2020 for another dorm and parking areas.
