Now the City of Phoenix, working with Concord Wilshire Capital, which has offices in Miami, is going over plans that will see a three-phase development of the site involving the building of around 2,600 multifamily units as well as up to 100,000 square feet of retail space, essentially turning the site into a walking village.Īdditional plans call for the creation of an amphitheater, walking and bike trails, and dog-friendly parks. Although much of the mall was renovated and updated in subsequent years, it was finally completely closed in mid-2020. The mall began to experience increased vacancies in the 1990s, especially after the opening of other nearby equally large shopping centers. Metro Parkway, the Metrocenter Mall was opened in 1973 and for decades served as a vibrant shopping center featuring around one hundred individual stores, as well as a movie theater with 12 screens. What to do with the site of one of the most famous and popular shopping malls in the southwest is still being debated in Phoenix as city officials ponder a redevelopment project that could cost as much as $750 million.
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