Metrocenter Mall’s $850M Transformation: A New Vision for Phoenix
After decades as a beloved Phoenix landmark, Metrocenter Mall is officially entering a new era. On November 18, developers began demolition to make way for “The Metropolitan,” a $850 million project that will transform the historic site into the region’s largest transit-oriented development.
The Vision for The Metropolitan
The Metropolitan will redefine urban living in Phoenix with 1,200 townhome residences spread across three distinct districts: Terra Court, Brava Gardens, and Luna Villas. These neighborhoods will offer both for-sale and rental housing to meet the growing demand for diverse options at varying price points.
At the heart of the development lies The Loop, a 140,000-square-foot retail and dining hub inspired by the circular road surrounding the property. The core will feature a public park and plaza, a modern parking structure with rooftop amenities such as pickleball courts, a swimming pool, and a restaurant.
The project is directly connected to the Valley Metro light rail at the Thelda Williams Transit Center, promising seamless accessibility for residents and visitors alike.
Challenges and Adaptations in the Planning Process
The concept for Metrocenter has undergone significant changes since its initial proposal three years ago. Initially envisioned as a dense urban village with 3,000 apartments, market conditions and a new state law eliminating rental tax prompted developers to recalibrate.
Instead, the focus shifted toward balancing rental and for-sale housing, which addresses a critical need in the urban core for affordable options catering to young professionals and families. The city will reimburse infrastructure costs through sales tax and parking revenue rather than the previously planned rental tax.
“We’ve seen a lot of interest from national homebuilders with innovative townhouse designs,” said Steve Betts, senior development director for Concord Wilshire.
A Phoenix Landmark Reimagined
Metrocenter Mall originally opened in 1973 as the largest mall west of the Mississippi River, housing an ice rink, movie theater, and five anchor stores. It was a hub of social and commercial activity, famously featured in the film Bill & Ted’s Excellent Adventure.
However, shifting shopping trends and economic downturns led to the mall’s decline, culminating in its closure in 2020 during the Covid-19 pandemic.
The redevelopment team, including Concord Wilshire, TLG Investment Partners, Hines, and Diversified Partners, aims to honor the site’s rich history while revitalizing the surrounding north Phoenix corridor.
A Bright Future Ahead
The demolition and infrastructure work will take up to four years, with the first homes and retail spaces expected to open shortly after. The project is set to generate thousands of jobs and has already sparked investment in surrounding properties.
Christine Mackay, Phoenix’s economic development director, reflected on the nearly decade-long journey to find a developer willing to take on Metrocenter’s ambitious redevelopment. “This is about creating a new civic heart for Phoenix,” she said at the ceremony.
As Metrocenter joins other reimagined malls like Paradise Valley and Park Central, the redevelopment symbolizes a shift toward more sustainable, community-focused urban living. Developers are confident that The Metropolitan will not only breathe new life into the area but also set a precedent for future projects across the Valley.
In the words of Bill & Ted, Mackay concluded, “Be most excellent to each other, and party on, dudes.”
