The once iconic valley mall that was one of the Phoenix’s top destinations in the 1970s and ‘80s, turned vacant is in the beginning phases of a massive redevelopment.
It has been nearly 3 years since the mall officially closed, but new life is on the horizon for the area. Developers have finalized the purchase of Metrocenter Mall in Phoenix and have plans to immediately begin an $850 million redevelopment project.
Concord Wilshire Capital, TLG Investment Partners and real estate firm Hines, has plans to transform the deserted mall into a walkable village with 2,600 multifamily units and 150,000 square feet of new commercial space.
The new hope for the development is attainable housing, the addition of jobs and restoring community strength to northwest Phoenix.
Located west of Interstate 17 between Dunlap and Peoria avenues, the redevelopment will include an amphitheater, residential development, pedestrian and bicycle pathways, a walkable retail promenade, restaurants and an immersive water feature.
The following establishments will remain in the area: Walmart Supercenter, a public library, Rose Mofford Park and Castles and Coasters.
The city is also investing into improved transit in the area. A new light rail station is currently under construction and will open in 2024 as part of Valley Metro’s $401 million Northwest Extension.
After years of struggles that saw it become more of a ghost town than a shopping center, the mall closed for good in June 2020.