Development NEWS
First look: Buckeye’s Verrado Marketplace with Target, Safeway, Harkins gets final approvals
Phoenix-based Vestar received final site approval for Verrado Marketplace, a major shopping center that’s planned for the fast-growing Buckeye suburb.
READ MOREOpen-Air Centers Have Changed: Take a Look at What’s Coming out of the Ground Now
Today’s ground-up open-air projects differ from those of earlier eras. The changes — including ramping up outparcel tenants, focusing less on big-box anchors and adding spacious lawns, plazas and patios — offer a glimpse into the future of lifestyle, power and even some grocery-anchored centers.
READ MOREVestar to Break Ground on Phase 2 of Vineyard Towne Center in Metro Phoenix
Vestar has announced plans to break ground this month on Phase 2 of construction at Vineyard Towne Center in Queen Creek, roughly 40 miles outside Phoenix.
READ MOREPhoenix Shopping Center Developer Adding New Projects Across the Valley
As traditional indoor malls grapple with the challenge of remaining relevant as shopping patterns and preferences change, one Phoenix-based developer of large-scale, open-air shopping centers remains bullish about Phoenix’s need for new retail development.
READ MOREPhoenix’s growth driving shopping center construction, developer says
The development, which will cost about $275 million to build, will include Harkins BackLot, Target, Marshalls, Ross, HomeGoods and Safeway.
READ MOREA Decade Of Demolition Without Substantial Development Has Reset Retail
A great recalibration of the country’s retail footprint has been underway for years, as bankruptcies have roiled some of the most beloved stores and restaurant chains. Now, as other sectors of CRE stumble and slow, retail has stabilized as a result.
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