If you need assistance, please call 480-365-8346

Phoenix retail developer plans 3 new shopping centers on both sides of the Valley

Tuesday, October 12, 2021   /   by Juan Grimaldo

Phoenix retail developer plans 3 new shopping centers on both sides of the Valley

Phoenix-based shopping center owner and manager Vestar is planning to build three new shopping centers, two in Queen Creek and one in Peoria, after a 13-year break from ground-up development.

“All three of these projects are in very rapidly growing areas of the Valley,” Vestar President and COO David Larcher said. “Queen Creek has been particularly strong. We developed Queen Creek Marketplace there about 13 years ago, and we are fully leased at that project, and Queen Creek has continued to grow significantly since then.”

In total, the three centers will cost about $90 million to develop, Larcher said. The first two, named Vineyard Towne Center in Queen Creek, which will be 75,000 square feet, and the Shops at Lake Pleasant in Peoria, which will be 90,000 square feet, will begin construction in the first quarter of 2022. The third, and largest of the three, named Queen Creek Crossing, will total 300,000 square feet, and begin construction in the second quarter.

To continue reading, click here.

By Corina Vanek, Reporter - Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 25, 2021
This site powered by CINC: www.cincpro.com