Plans have now been revealed for the construction of a massive new shopping center on the north end of Phoenix that will go up on property currently owned by the Arizona State Land Department. What is being called the Black Mountain Village is being developed by the Phoenix-based Vestar Development, which specializes in the acquisition and management of retail real estate. According to city records, the project will go up on a 20.5-acre site at the southwest corner of Deer Valley Drive and the Black Mountain Parkway. As envisioned by Vestar, the project will see the construction of retail and restaurant space measuring just over 140,600 square feet. An additional and important feature of the project will include what is being called a “neighborhood grocery store,” along with “appropriate parking, lighting and landscaping improvements.” The project is set for an initial review by the neighborhood Desert View Village Planning Committee, before being submitted to both the Phoenix Planning Commission and Phoenix City Council. The developer has stressed that the shopping center will be designed to cater to local neighborhood needs rather than being built with a regional market in mind, such as is usually the case with such projects. As noted in a document submitted to the city by the Phoenix law firm Gammage & Burnham, the shopping center will serve residents of the western portion of the Desert Ridge vicinity, and in so doing will “reduce transportation burdens on residents to reach grocery and other retail opportunities.” Besides securing the approval of the various public bodies for the project, Vestar will also be required to purchase the site location via an Arizona State Land Department public auction. Launched in 1989, Vestar has emerged as a major retail developer in Arizona and throughout the West. Its portfolio includes the 65-acre Lake Pleasant Towne Center in Peoria; and the 25-acre San Tan Village Marketplace in Gilbert. By Garry Boulard
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Get stories like these right to your inbox.
|