Development NEWS
Phoenix 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.
READ MORE9 Big Phoenix Retail Developments After 15 Years of Nothing
After years of dormancy following the 2008 financial crisis and a pandemic thrown in for good measure, retail development has returned to the Phoenix metro in a big way.
READ MOREVestar Reports Strong Results for 2023
Vestar, one of the leading privately held shopping center owners and operators in the Western United States, experienced a landmark year in 2023.
READ MORENordstrom Rack adds more stores to its 2024-2025 lineup
Nordstrom continues the nationwide expansion of its off-price footprint.
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