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**Harvard Investments Plans Major 1,940-Acre Mixed-Use Development in Goodyear**
Harvard Investments is pursuing approval for a major 1,940-acre master-planned development in Goodyear, Arizona. The ambitious project — known as Rio 1900 — aims to bring thousands of new homes and apartments to the area, along with retail and dining destinations, as well as a potential resort component.
The proposal, which will soon go before Goodyear’s planning and zoning commission, outlines approximately 300 acres of land set aside for commercial uses, with another 300 acres designated for potential resort development.
Rio 1900 will be situated near Estrella Mountain Regional Park. Harvard Investments purchased the majority of the site in 2023 for $22 million from a longtime landowner.
This new development will border the existing Estrella master-planned residential community — another major project that Harvard is connected to. In 2021, Harvard Investments, in a joint venture with Toll Brothers Inc. and Varde Partners Inc., acquired the 20,000-acre Estrella community for $212.5 million.
The Rio 1900 project is poised to significantly contribute to the growth and transformation of the Goodyear area, building on Harvard’s continued presence and strategic development in the region.
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