The Greater Phoenix Metro area is experiencing an unprecedented wave of growth. With major brands expanding, billion-dollar master-planned communities launching, and lifestyle destinations coming to life, the Valley is quickly becoming one of the most exciting real estate and economic zones in the U.S.

Here’s your guide to what’s transforming Phoenix, Goodyear, Buckeye, Queen Creek, and Mesa in 2025 and beyond — and what it means for buyers, investors, and future residents.

🛋️ IKEA Expands to North Phoenix in 2026

IKEA is opening a new, small-format store near the redevelopment of Paradise Valley Mall, at Cactus Road & Tatum Boulevard, in early 2026.

• 📍 Location: Village Square II, Phoenix, AZ

• 📏 Size: 75,000 sq ft

• 🛒 Inventory: 3,000+ home items for take-home

• 🚚 Large furniture: Available for online order with pickup/delivery

This will be IKEA’s third Valley location, joining Tempe and the newly opened Scottsdale Plan & Order Point.

🌊 Cannon Beach in Mesa: Surfing Meets Lifestyle

Now open in Mesa, Cannon Beach combines Arizona’s first surf park with next-generation retail, wellness, and dining experiences.

• 🌊 2-acre wave lagoon

• 🍴 Now open: Moku Hawaiian Grill, Fresh Monkee, Hooligan’s Coffee, Boba Time, Russo’s Italian Kitchen

• 🛍️ Coming soon: 20+ new tenants including:

  • Peach Cobbler Factory

  • Cinnabon

  • Creekside Tacos

  • Buena Papa

  • Nautical Bowls

  • KTR indoor action park

🎯 Why It Matters: This is more than a surf park. It’s a full-scale lifestyle ecosystem designed to serve East Valley residents, families, and visitors alike.

🌇 Teravalis in Buckeye: $900M Investment, 100K Homes

Teravalis is a massive 37,000-acre master-planned community by Howard Hughes Holdings, west of the White Tank Mountains.

• 🏘️ 100,000+ homes planned

• 👨‍👩‍👧 300,000+ future residents

• 🏢 55 million sq ft of commercial space

• 💧 Water-smart planning modeled after Summerlin (Las Vegas)

The first neighborhood, Floreo, will include 8,500 homes. Builders are currently constructing model homes, with grand openings set for fall 2025.

💡 Note: Floreo has already secured a Certificate of Assured Water Supply, ensuring responsible long-term development.

🛒 Trader Joe’s Is Coming to GSQ in Goodyear

After years of anticipation, Trader Joe’s has been confirmed for the GSQ mixed-use development in Goodyear.

• 📍 13,500 sq ft space

• 🛍️ Located near Goodyear Civic Square

• 🍽️ New restaurant tenants:

  • Firebirds Wood Fired Grill

  • Black Rock Coffee Bar

  • High Tide Seafood Bar & Grill (under construction)

Already open:

• Shake Shack

• BJ’s Restaurant

• Over Easy

• Harkins Theatres

• The Yard Milkshake Bar

🏙️ GSQ is also home to Goodyear’s city hall, library, civic park, and future office space — creating a true West Valley lifestyle hub.

🏙️ Queen Creek’s First Walkable District: The Switchyard

The Switchyard, a 10-acre mixed-use community, just broke ground at Ellsworth & Ocotillo Roads in Queen Creek.

• 🍷 Tenants include:

  • Postino Wine Café

  • Snooze A.M. Eatery

  • Shake Shack

• 🏢 215 Luxury Apartments

• 🌿 Walkable spaces, patios, and retail

• 📆 Phase One opens mid-2026

Led by Creation and Horizon Real Estate Ltd., The Switchyard will be Queen Creek’s first design-forward, walkable downtown core.

🎧 Want More Insight Like This? Listen to the Podcast

For deeper insight into what these developments mean for buyers, sellers, and investors — tune in to the latest episodes of The House of Ravenscroft, where real estate and financial planning intersect.

🎙️ Listen now on your favorite platform:
Spotify | Apple Podcasts | YouTube Music | Amazon Music | iHeartRadio
🔗 Click here to listen

Each episode breaks down timely market moves, investment strategies, and local shifts you can use to plan your next real estate move more strategically.

🔍 Final Takeaway

Whether you're looking for your next home, analyzing long-term investment opportunities, or relocating to a rapidly growing area — these Phoenix Metro projects are shaping the future of the region.

📬 Ready to Explore or Invest?

Let’s build a strategy around your goals. Whether it's new construction, resale, relocation, or investing, I’m here to guide you through it.

📧 eric@theravenscroftgroup.com
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