Development NEWS
Vestar Commences Construction at The Shops at Lake Pleasant in Peoria
Vestar, the largest privately held shopping center owner and manager in the western United States is proud to announce construction has begun on The Shops at Lake Pleasant, in Peoria.
READ MOREShopping Center Business (May 2023): Developing Communities
Vestar is on top of the Phoenix market, developing several large-scale retail centers to satisfy the demands of growing communities.
READ MOREThese 3 outdoor malls are under construction across metro Phoenix, with 2 more planned
The owner of Desert Ridge Marketplace and Tempe Marketplace is betting that large-scale retail isn’t dead, it has just moved outdoors.
READ MOREVestar to develop Buckeye retail center next to proposed Costco, hospitals
Two giant real estate developers will bring a $125 million retail shopping center to what could become the hottest intersection in the West Valley.
READ MORECostco set to anchor new Queen Creek development
Costco Wholesale Corp. has a store under construction in Queen Creek, with an expected opening this fall.
READ MORE3 new outdoor shopping malls are coming to metro Phoenix
Arizona has added nearly 1 million people over the past decade or so, yet hardly any sizable shopping centers were built over that span.
But that’s about to change in a notable way next year when mall operator Vestar breaks ground on three new open-air shopping centers — two in Queen Creek and one in Peoria, all on undeveloped land. The projects are slated to open late next year or in early 2023.
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