Posted Apr 27, 2022, 4:15 PM
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Join Date: Jan 2013
Posts: 2,285
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See what’s coming down, going up at former Metrocenter Mall in Phoenix
Couple new development details regarding MetroCenter project...
https://kjzz.org/content/1775116/see...r-mall-phoenix
Quote:
Light rail will be running there in 2024 and late that year or early 2025, the first phase should be completed. The 80-acre site is expected to be fully built by 2029, with 3,200 housing units and close to 400,000 square feet of retail, restaurants, services and offices.
Getting there means tearing down almost everything — the currently open Dillard’s Clearance Center, and the former Sears and Macy’s. The only businesses that will avoid wrecking ball are the nearby Walmart Supercenter, Life Storage and possibly Harkins Theatres.
“In talking with the Harkins people, they really want to create that as one of their newer concepts that’ll have a restaurant in there, have new state-of-the-art theaters and really it’ll kind of spill out into the park area there,” Anderson said.
Project Timeline- Summer 2022: Developer completes real estate transactions to acquire site.
- Fall 2022/Winter 2023: Demolition of former Metrocenter Mall.
- Early 2023: Commence construction of Phase 1.
- Late-2024 to early-2025: Completion of Phase 1.
- 2025-2027: Phase 2 construction.
- 2027-2029: Phase 3 construction.
- 2029: Completion of all phases.
According to a city report, at full build-out, the project will represent a total capital investment of $935.9 million.
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Link to PDF Presentation: https://media.kjzz.org/s3fs-public/P...des_D1_Mtg.pdf
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