More than lipstick for Metrocenter

Exclusive by Eric Jay Toll | Phoenix Business Journal

When Carlyle Development Group acquired Metrocenter in 2012, the company’s first move was to apply lipstick to the aging and half-empty mall. Simply sprucing up one of the Valley’s elder shopping centers was not the endgame for the New York-based development company. That goal is close to being unveiled.

One major renovation — a reinvigoration of the entire property — may involve removing portions of the enclosed mall and replacing it with an open district similar to San Tan Village and Kierland Commons. The plan is to create a setting that will embrace the local market.

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October 31, 2014

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