New retail development across the United States is in the midst of a dramatic slowdown, but fast-growing Phoenix continues to see activity with a multibillion-dollar project about to get off the ground. Developer Vestar on Monday unveiled plans for Legacy Park, a roughly 9.4 million-square-foot mixed-use complex slated for a vacant 200-acre site in Mesa, […]

Vestar, one of the largest privately held shopping center owners and managers in the western United States, has announced over 10,000 square feet of new specialty tenants coming to Verrado Marketplace. Among the latest are Sourdough & Co., See’s Candies, CityVet, Great Clips and NextCare, adding to the diverse mix of shopping, dining and services planned […]

Developers are planning, building and renovating retail centers all over greater Phoenix in 2025, providing residents new places to shop and dine without having to drive far from home. The projects span Maricopa County: Verrado Marketplace in Buckeye, Queen Creek Crossing, Paradise Valley Mall in Phoenix becoming PV, Fiesta Mall in Mesa becoming Fiesta Redefined […]

These projects promise to reshape skylines and reinvigorate shopping centers. Some are also facing a degree of uncertainty as the calendar turns. Here are Phoenix Business Journal’s Projects to Watch in 2025.

Construction on the $275 million Verrado Marketplace, which will bring more than 50 restaurants and stores to Buckeye, began Wednesday. Phoenix-based Vestar, the developer of Tempe Marketplace and Desert Ridge Marketplace, is the developer of the mall, which will be an open-air shopping center like the company’s other major projects.

On Nov. 20, Vestar, the largest privately held shopping center owner and manager in the western U.S, broke ground on Verrado Marketplace. Located at the northeast corner of the I-10 Freeway and Verrado Way, Verrado Marketplace will stand at the entrance to DMB Associates’ 8,800-acre Verrado master-planned community. Verrado Marketplace will offer Buckeye residents and the […]

Vestar has been around since 1988 and some of the fundamentals have never been in a better place than what they are right now. Jeff Axtell, executive vice president of development of the retail-focused real estate firm, told GlobeSt. that the firm has seen the “best leasing” in the past few years compared with the […]

BUCKEYE, ARIZ. — Vestar has broken ground on Verrado Marketplace, a retail destination at the northeast corner of Interstate 10 and Verrado Way in Buckeye. The 500,000-square-foot development is situated at the entrance to DMB Associates’ 8,800-acre Verrado master-planned community. The $275 million project is projected to generate more than $50 million in total tax revenue […]

Vestar, the largest privately held shopping center owner and manager in the western United States, has officially broken ground on Verrado Marketplace, the West Valley’s next generation shopping center. In a ceremony attended by city leaders, developers, retailers, and community partners on Wednesday, November 20th, attendees heard remarks from Buckeye Mayor Eric Orsborn, Vestar’s President and CEO David Larcher, DMB’s Chief Operating […]

Vestar has broken ground on Verrado Marketplace, a 500k sf shopping center located at the northeast corner of the Interstate 10 Fwy and Verrado Way in Buckeye, AZ. The project is situated at the entrance to DMB Associates’ 8,800-acre Verrado master-planned community. Verrado Marketplace is anchored by Target, Harkins Theaters newest ‘Backlot’ concept, Safeway, Ross, […]