Development

Pioneering Innovative Partnerships

Vestar is responsible for building many of the largest and most successful open-air retail centers in the western U.S. Known for its conscientious approach to developing community oriented and environmentally sensitive properties, Vestar has established new benchmarks for working with neighborhood groups, communities and municipalities that address their needs and foster goodwill on all levels.

Our development team has the experience and passion necessary to create extraordinary places. A 25-year history of successfully working with the premier retailers in America is the basis for all our new developments. This, combined with our focus of completing projects on time and on budget, makes Vestar one of the premier retail developers in the western U.S., as evidenced in our case studies.

One of Vestar’s many notable development projects is the award-winning Desert Ridge Marketplace, a 1.2 million-square-foot regional entertainment, lifestyle and power center in northeast Phoenix. Desert Ridge Marketplace represents an evolution in shopping center development. The project occupies 120 acres and offers strategically integrated shopping, dining and entertainment in a festive, pedestrian oriented, village town center environment.

The District at Tustin Legacy is a 1 million square foot regional center in Tustin, California and Tempe Marketplace is a 1.3 million square foot regional center in Tempe, Arizona. Both projects have significant lifestyle and entertainment components and have changed the retail landscape in their respective communities.

Other award-winning development projects include: Long Beach Towne Center, a 1million square foot center in Long Beach, CA; College Grove Marketplace, a 650,000-square-foot, former regional mall, redevelopment project in San Diego which won unprecedented support from local residents; and the 600,000-square-foot Cerritos Towne Center.

The breadth and depth of Vestar’s development experience and success is underscored by our enduring, positive capital partnerships with firms such as UBS, AEW, Rockwood Capital, LaSalle and Fortress.

Vestar Awards

Vestar
2006 Southwest Contractor Phoenix Developer of the Year

Desert Ridge Marketplace
2003 ICSC Design and Development Awards: Innovative Design and Construction of a New Project – Certificate of Merit

Oro Valley Marketplace
Silver LEED Certification (awarded in 2009)
2013 Best of the Northwest – Best Shopping Center (as published in Explorer newspaper)
2013 Large Business of the Year – The Greater Oro Valley Chamber of Commerce

Tempe Marketplace 
2010 ICSC United States Design and Development Award – Silver
2011 Valley Forward Environmental Excellence Awards – Award of Merit

Las Tiendas Village
2006 Arizona Commercial Real Estate Best Retail Project

Vestar is responsible for building many of the largest and most successful open-air retail centers in the western U.S. Known for its conscientious approach to developing community oriented and environmentally sensitive  properties, Vestar has established new benchmarks for working with neighborhood groups, communities and municipalities that address their needs and foster goodwill on all levels.