The Empire Group of Companies, one of Arizona’s leading residential, commercial and mixed-used real estate developers, has officially kicked off its 23.32-acre Carefree Quarter development project following the Town of Carefree’s unanimous decision to pursue finalizing the development agreement. The Town Council voted 5-0 to move forward with discussions, marking an important step in the project’s progression. The corner has been and remains a highly coveted opportunity for new development in the Town of Carefree.
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Empire, the project developer, and Diversified Partners, responsible for overseeing leasing, are working closely with the Town of Carefree, which has been a transparent and supportive partner throughout the planning process. This vote allows the project to advance, with Empire and Diversified Partners focused on finalizing plans for the site, which will feature a mix of retail, dining and entertainment options for the community.
“We are grateful for the continued support and partnership from the Town of Carefree,” said Marti Weinstein, Partner at Diversified Partners. “The town’s commitment to transparency and collaboration has made this an exciting and smooth process, and we’re eager to bring a dynamic, high-quality development to the area.”
The Town of Carefree has been an integral part of this project, ensuring that the development aligns with the community’s vision. Final approval of the development agreement is expected in mid-November.
