Development NEWS

Shopping Center Business (May 2023): Developing Communities

Vestar is on top of the Phoenix market, developing several large-scale retail centers to satisfy the demands of growing communities.


These 3 outdoor malls are under construction across metro Phoenix, with 2 more planned

The owner of Desert Ridge Marketplace and Tempe Marketplace is betting that large-scale retail isn’t dead, it has just moved outdoors.


Vestar gets green light from city of Phoenix for new Laveen shopping and dining center

New town center with 400,000 square feet of retail, restaurant space approved for Laveen


Vestar to develop Buckeye retail center next to proposed Costco, hospitals

Two giant real estate developers will bring a $125 million retail shopping center to what could become the hottest intersection in the West Valley.


Costco set to anchor new Queen Creek development

Costco Wholesale Corp. has a store under construction in Queen Creek, with an expected opening this fall.


3 new outdoor shopping malls are coming to metro Phoenix

Arizona has added nearly 1 million people over the past decade or so, yet hardly any sizable shopping centers were built over that span.

But that’s about to change in a notable way next year when mall operator Vestar breaks ground on three new open-air shopping centers — two in Queen Creek and one in Peoria, all on undeveloped land. The projects are slated to open late next year or in early 2023.