Phoenix’s enclosed malls are going extinct—but not the prime real estate they sit on. Strategic locations and high demand for mixed-use development are turning these aging sites into new urban villages, healthcare campuses, luxury retail centers, and more. Here’s a quick look at what’s happening across the Valley:
Mall Redevelopment Summaries
- Los Arcos → SkySong
- Now the ASU Scottsdale Innovation Center
- Features offices, apartments, hotel, and retail space
- Park Central
- Converted into office space using original structures
- Creighton University Health Sciences campus built on old parking lot
- Also includes apartments, hotel, and retail
- Metrocenter → The Metropolitan
- Demolition completed
- Will become a for-sale townhome-heavy urban village with retail and entertainment
- Paradise Valley Mall → PV
- Mixed-use redevelopment in progress
- 3,000 apartment units planned (1,000+ underway), plus local restaurant and retail scene
- Fiesta Mall
- Demolished in 2023
- Future use undecided, but likely to include residential and retail in a flexible zoning environment
- Superstition Springs
- Potential refresh (not full redevelopment)
- Owner Macerich interested in adding retail and restaurants
- Christown Spectrum
- Long-term redevelopment underway (20–25 years)
- First project: apartment on former Costco Auto Center site
- Chandler Fashion Center & Scottsdale Fashion Square
- Adding high-end anchors (Scheel’s in Chandler, luxury wing in Scottsdale)
- Continued reinvestment in premium retail experiences
- Verrado Marketplace (Buckeye)
- Under construction, opening mid-2026
- Anchored by Target, Safeway, Ross, HomeGoods, Harkins theater
- 50+ restaurants and stores in ~500,000 sq ft
- Laveen Towne Center
- In planning phase
- Up to 530,000 sq ft retail and 1,456 residential units