Major Developments in the Greater Phoenix Metro: New Communities, Retail Hubs, and Healthcare Expansions

Explore New Communities and Exciting Developments in the Greater Phoenix Metro Area: Your #1 Source for Comprehensive Arizona Real Estate News and Updates!

Shorehaven Launches: A New Era of Waterfront Living and Retail in Tempe

Construction has begun on Shorehaven, the first phase of the $1.8 billion South Pier development on the southern shore of Tempe Town Lake. Located at 1306 East Vista Del Lago Dr, Shorehaven will feature entertainment, dining, shopping, hotel, residential, and office spaces. The project includes 724 multifamily units, 26,000 square feet of retail space, and three high-rise towers (21 to 23 stories). It also offers 850 underground parking spaces, over 20,000 square feet of indoor amenities, and 30,000 square feet of outdoor amenities, including fitness centers, a coworking lounge, a game room, an outdoor BBQ terrace, a dog run, a pool, and a landscaped terrace overlooking the lake. Shorehaven will feature diverse food, beverage, and dining options, as well as boutique shopping and entertainment spaces.

Toronto-Based Mattamy Homes Expands with Six New Phoenix Communities

Toronto-based builder Mattamy Homes is developing six new communities totaling 1,473 homes, with four set to open this year. The builder continues to grow and plans to scale up to 1,100 homes a year. In 2023, Mattamy Homes sold 759 homes in Arizona, marking a record year. The company is integrating into existing master-planned communities, including Bella Vista Farms in San Tan Valley and a new project in Queen Creek. In the West Valley, Mattamy's largest project, Las Ventanas in Goodyear, will offer 412 lots with homes starting at $450,000. Another West Valley project, Tyler Ranch in Buckeye, will feature 303 entry-level homes starting at $389,000. Both communities aim to open sales in December.

To accommodate workers from Taiwan Semiconductor Manufacturing Co., Mattamy is developing two communities in Surprise: Miravida and Tierra Vistoso, with homes priced from $420,000 to $550,000. Emphasizing natural light and modern design, Mattamy uses 20% more windows than competitors. The company has plans for an additional 12,000 lots in metro Phoenix, demonstrating their long-term commitment to the market.

Signature At San Tan Village in Gilbert Gains Approval, Featuring Whole Foods and Dick's House of Sport

A new retail center in Gilbert, featuring major tenants like Whole Foods, passed a key approval on June 5. The Gilbert Planning Commission approved the site plan, landscaping, elevations, and floor plans for Signature At San Tan Village, a 30-acre development near Williams Field Road and San Tan Village Parkway. Anchored by Whole Foods Market and Dick's Sporting Goods House of Sport, the project will add 11 buildings totaling 326,731 square feet of retail, dining, and commercial space. 

The 120,000-square-foot House of Sport will be twice the size of a typical Dick's Sporting Goods store, offering sports gear, athletic apparel, footwear, and golf equipment. It will also feature interactive elements like an indoor climbing wall, golf simulators, and batting cages. This new store will replace an existing Dick's Sporting Goods across the street at the SanTan Village outdoor retail center.

Queen Creek's $120M Mixed-Use Project, The Switchyard, Announces Anchor Tenants

The developers of a mixed-use project in Queen Creek have announced anchor restaurant tenants before breaking ground. The development firm has unveiled plans for a $120 million mixed-use project at the northeast corner of Ellsworth and Ocotillo roads. The development, named The Switchyard, will span 10 acres and feature 54,000 square feet of restaurant, retail, and office space, along with multifamily residential units. Construction is expected to begin in the fourth quarter of 2024. Queen Creek, a rapidly growing suburb, is also home to LG Energy Solution Ltd.'s $5.5 billion battery manufacturing complex, driving industrial development and housing demand. 

Valley-based restaurants Postino and The Porch are the first tenants to sign leases for The Switchyard. Postino, the popular industrial wine cafe offering unique, approachable wines and food, will occupy a 3,800-square-foot space. While the Porch, a retro-inspired neighborhood hangout serving creative pub food, cocktails, games and TVs for watching sports, will take a larger 11,900-square-foot space, including an expansive outdoor patio. The development will open in phases, with the first phase expected to be completed in early 2026.

Banner Health Advances $1 Billion in Arizona Projects, Including New North Scottsdale Campus

Phoenix-based Banner Health is advancing with over $1 billion in projects across Arizona, including a $400 million hospital campus on 48 acres at Hayden Road and Loop 101 in north Scottsdale. This campus will expand the Banner MD Anderson Cancer Center and include a 119,500-square-foot Banner Health Center "plus" facility, offering a range of services. Additionally, expansions at Banner Thunderbird Medical Center in Glendale and Banner Estrella Medical Center in west Phoenix have been approved. These expansions include new towers for women and infant services, more operating rooms, and emergency room enhancements, with completion expected between 2026 and 2027.

In Buckeye, Banner plans to develop services on its land at Interstate 10 and Verrado Way, aiming to start construction in 2025. Another Banner MD Anderson campus is planned for the Sun Cities area to bring services closer to patients.

Stay Informed

The Greater Phoenix Metro is on a path of remarkable growth and transformation, and these developments are just the beginning. From major retail giants and innovative dining experiences to state-of-the-art sports venues and vibrant mixed-use communities, the area offers unparalleled lifestyle and investment opportunities. Visit our 'News, Updates, and Coming Soon' page weekly to stay up-to-date with the latest happenings in your community.

Curious about how these changes could impact your real estate strategy? Let’s connect and explore how to turn these exciting opportunities into your next success. Schedule a time with me below to discuss how we can align them with your real estate goals.