Plans for multiple commercial centers are coming closer to fruition as major retailers are set to open or make plans for new projects along the Loop 303 corridor in Surprise.

After developing the new 700,000-square-foot Village at Prasada at the Loop 303 and Waddell Road, Scottsdale-based SimonCRE also started working on plans for Prasada North, a retail center with an additional 350,000 square feet of space adjacent to a planned American Furniture Warehouse store. The new center is just north of Village at Prasada.

With several stores already opened or set to open in the coming weeks, a spokesperson for SimonCRE said the Village at Prasada center is nearly fully leased, while Prasada North is about 90% leased, including future tenant commitments.

Target Corp. has plans to anchor Prasada North in a nearly 150,000-square-foot space, according to multiple sources with knowledge of the project and marketing materials.

A Target spokesperson said in an email that Target continually evaluates potential store locations but said it doesn't have any details to share about a new store. SimonCRE declined to comment on the anchor tenant of Prasada North.

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By Audrey Jensen - Reporter, Phoenix Business Journal