First new tenants starting to ink leases as transformation of old mall continues
By Corina Vanek | Phoenix Business Journal
The first phase of one of Phoenix’s most visible redevelopment projects, Park Central Mall, has transformed the defunct shopping center into an office complex, but developers hope the change in turn will make a lasting impact on the local community.
“We didn’t just want it to be a mixed-use office,” said Stan Shafer, COO of Holualoa Cos., which is redeveloping the mall with Plaza Cos. “We wanted it to be a place for the community to feel part of.”
Part of integrating the community into the project has included a specific focus on the arts. ArtLink Inc. has a space in the mall and will have working artists based out of its office. The complex also has an open-air courtyard, which Shafer said will host performance art presentations, community events and other art shows.