Plans are moving on pace for the building of what is being described as a “regional shopping center” in the city of Buckeye, Arizona.
The Verrado Marketplace has been much talked about and in the planning stage for the last two years. Adjacent to the 8,800-acre Verrado master planned community, the project is expected to cost around $125 million to complete and is being viewed as one of the most significant mixed-use developments in the history of Buckeye.
Located at the northeast corner of Interstate 10 and Verrado Way, the Marketplace will feature some 522,000 square feet of retail, dining, and entertainment space.
Developers of the project, DMB Associates of Scottsdale and the New York-based real estate management company Vestar, envision an open-air shopping center complete with a central lawn, outdoor fireplace, and performance stage.
Late last year it was announced that the project had signed as tenants for the center the retailers Target, Safeway, and Marshalls department store, among others.
The Verrado community has won national praise for its design elements, creating a village-like ambience with single-family residences and townhomes, along with a golf course, community center, community parks, and walking and hiking paths.
At full build-out, the community is expected to be the home to more than 14,000 dwelling units.
The Verrado Marketplace has now secured the approval of the Buckeye Planning and Zoning Commission. Work on the project could begin by late this year with a general 2026 completion date.
By Garry Boulard
Image Credit: Verrado Marketplace rendering, City of Buckeye