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Millions of square feet of new commercial development could rise in north Phoenix.

The city of Phoenix is pursuing a development agreement with Minnesota-based real estate developer Mortenson for a site of prime desert land formerly eyed by the Phoenix Coyotes for a proposed hockey arena. In June, Mortenson placed the winning bid in an Arizona State Trust land auction, paying $136 million for the 217.16-acre site located west of North Scottsdale Road and north of Loop 101.