Developers get final approval needed to redevelop Metrocenter Mall in Phoenix
After a laborious process that saw 25 proposals come and go, Phoenix City Council gave the final green light to redevelop the shuttered Metrocenter Mall in north Phoenix. Developers will spend $1.14 billion to revitalize the iconic 50-year-old mall, creating an eye-popping 3,191 multifamily units along with 100,000 square feet of retail, two hotels, a public plaza and park and 6,300 parking spaces. They’ll also pony up $1.5 million to the city’s affordable housing coffers. And, the property is on a light rail extension, meaning it should offer those new residents less of a hassle to commute.