Developer Concord Wilshire Capital completed the demolition of the former Metrocenter Mall. The Metropolitan will be a $850-million, mixed-use destination project. The 64-acre development is set to transform the former mall site into a walkable urban village integrating Light Rail with housing, entertainment, dining, and retail. The project is at the intersection of Interstate 17 and Peoria Avenue. 

Construction is scheduled to commence in April of 2026 for three of the five planned residential communities, and in April of 2027 for the retail and remaining two residential communities. At the center of the project is a 350-unit wrapped multi-family project called Levante Apartments, which is being built by Concord Wilshire and Hines.

Diversified Partners is the retail developer and is partnering with Concord Wilshire to develop The Loop at The Metropolitan. The Loop is a retail village and entertainment district featuring 116,000 square feet of retail, rooftop restaurants and an event center, a park plaza, live music venues, a splash pad, and a weekly farmers market.