What's Coming to Phoenix Metro: New Communities, Major Retail Expansions, and Exciting Developments

The Greater Phoenix Metro area is buzzing with new developments, from exciting retail expansions to cutting-edge entertainment venues and vibrant residential communities. Whether you're a resident, investor, or simply curious about what's on the horizon, staying informed about these projects is crucial. In this weekly update, we highlight the most significant developments shaping the future of the Phoenix Metro. Dive in to discover the latest news and what it means for you!

 

Prasada Shopping Complex in Surprise, AZ Expands with New Retailers: Nordstrom Rack, Old Navy, Target & More

More new shops are coming to the Prasada shopping complex in Surprise, AZ, solidifying its position as a premier retail destination in the West Valley. Among the new additions is Nordstrom Rack, marking its first location in the far West Valley with a 26,000-square-foot store. Other key retailers include Old Navy, DSW, and Sierra Trading Post, each contributing to the growing variety of shopping options in the area. The Prasada complex will also feature a 150,000-square-foot Target as its anchor, with popular dining options like Portillo's and Torchys Tacos, creating a comprehensive 350,000-square-foot retail space at buildout.

The Prasada shopping center, alongside the neighboring Village at Prasada, represents a significant investment in the region, encompassing over 1 million square feet of retail space with around 85 tenants. This development is projected to generate approximately 2,500 jobs and over $600 million in economic impact. With more stores set to open, SimonCRE expects Prasada to attract over 10 million visitors in the coming year, further establishing it as a top shopping and dining destination in the Phoenix metro area. Additionally, an American Furniture Warehouse is set to open near Prasada North, further enhancing the retail landscape in Surprise, AZ.

 

Home Run Dugout Brings Innovative Baseball Entertainment to Scottsdale: A New 65,000-Square-Foot Venue Near Talking Stick

Home Run Dugout, a leading Texas-based entertainment concept specializing in baseball-themed activities, is set to expand to Scottsdale, Arizona, with its first location outside of Texas. This 65,000-square-foot venue, strategically located near Loop 101 and Talking Stick Way, will feature 30 advanced batting bays, a Biergarten mini-field, an on-site restaurant, and three bars. Construction is scheduled to begin in 2025, with the facility expected to generate approximately 150 jobs, boosting the local Scottsdale economy.

This new Scottsdale location will significantly enhance the area’s entertainment offerings, complementing nearby attractions such as Topgolf and Talking Stick Resort & Casino. The expansion is driven by a successful $22.5 million Series A funding round, positioning Home Run Dugout as a key player in Scottsdale’s growing retail and entertainment scene. As part of the region’s broader experience-driven developments, including The Sydney and The Riverwalk, this venue will further establish Scottsdale as a top destination for innovative and immersive entertainment experiences.

Discover Artisan at Asante: Surprise, AZ’s Newest 2,700-Home Community with Top-Tier Amenities and Prime West Valley Location

The city of Surprise, AZ, has approved a new 13,000-square-foot amenity center at Artisan at Asante, a rapidly growing community that will bring 2,700 new homes to this thriving area. Construction is scheduled to start this fall, with the center expected to be completed by late 2025. This major development is spearheaded by Lennar Corp., Taylor Morrison Home Corp., and PulteGroup Inc., with the first phase featuring 724 homes priced from the low $400,000s. The amenity center, called The Gallery at Artisan, will offer residents a fitness center, two pools—including a resort-style pool with a children's play area—and several pickleball courts, making it a highly desirable location for homebuyers.

Located near key developments like the $65 billion Taiwan Semiconductor Manufacturing Co. chip plant in north Phoenix, Artisan at Asante is part of a larger expansion in the West Valley. Surrounding the Asante community, other residential and commercial projects are underway, including a new hospital campus by HonorHealth and the Five North commercial development at Vistancia. With these substantial projects in progress, the Artisan at Asante community is positioned to become a prime destination for those looking for modern, convenient living with easy access to emerging employment and lifestyle opportunities in the West Valley.

 

Phoenix Metrocenter Mall Transforms into 'The Village': $850M Redevelopment to Revitalize I-17 Corridor

The Metrocenter shopping mall in Phoenix is set to undergo a transformative $850 million redevelopment, reimagining the site as "The Village." This ambitious mixed-use project will introduce 2,600 rental units and 150,000 square feet of commercial space, featuring retail, hotels, and entertainment options across 65 acres. Positioned to revitalize the Interstate 17 corridor in north Phoenix, The Village will play a crucial role in the area's economic resurgence. While the demolition of the Metrocenter mall faced delays due to economic factors, it's now slated to begin soon, with construction financing expected to close in the coming weeks.

In a strategic move, the city of Phoenix has updated its development agreement to secure funding for infrastructure improvements at The Village. Originally planned to be covered by residential rental taxes, the funding will now be sourced from transaction privilege taxes, sales tax, and parking garage revenue. The entire redevelopment project is projected to take eight years to complete, marking a significant milestone in the revitalization of the Metrocenter area and setting a new standard for urban development in Phoenix.

 

As the Greater Phoenix Metro continues to grow and evolve, these developments are just the beginning of what's to come. From retail giants to innovative entertainment and thriving new communities, the region is a hotspot for both lifestyle and investment opportunities. To stay ahead of the curve, visit our 'News, Updates, and Coming Soon' page weekly, and don't miss out on the latest happenings in your neighborhood. Ready to explore how these developments can benefit you? Book a time with me below to dive deeper into these exciting opportunities and tailor them to your real estate goals.