Iconic Phoenix mall sold to developers for new mixed-use project
Two developers who paid $48 million for the 64.2-acre Metrocenter Mall site in north Phoenix plan to begin demolition immediately so they can lay the groundwork for a new mixed-use project. It’ll include more than 2,600 multifamily units in a walkable, amenity-rich neighborhood, 150,000 square feet of commercial space and 4,100 surface and garage-deck parking spaces. Notably, it will offer rental and ownership units, and will feature boutiques, retail, restaurants, bars, a town center and other commercial or entertainment uses. It’s expected to be complete in five to seven years and will boast proximity to a new light rail extension and a new Taiwan Semiconductor Manufacturing Co. facility.
