The mall, built in 1973, was one of Phoenix’s first. But the effects of the Covid pandemic was more than it could tolerate. It’s been closed since mid-2020. Plans for the transformation are now underway.
A development group, made up of Concord Wilshire Capital and TLG Investment Partners, is proposing to reformulate the mix of development, by including multifamily housing surrounding a pedestrian-friendly town center with shops, restaurants, a park, as well as offices.
Project timelines for the facelift include completion of real estate transactions this summer, demolition over the fall and winter of 2022 and the start of construction in early 2023.
Christine MacKay, City of Phoenix economic development officer, met with 24 candidates before settling on the two-company partnership, “The others were either under financed; they were all mouth, no trousers; they didn’t want to do what the city wanted them to do.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.