$750 million redevelopment of Metrocenter in Phoenix planned to start next year

By Corina Vanek | Phoenix Business Journal

A new ownership group has major redevelopment plans for Metrocenter, which was once the largest mall in the Southwest.

Florida-based Concord Wilshire Capital and Florida-based TLG Investment Partners announced Thursday they are under contract to buy the property and plan to work with Hines on a $750 million redevelopment of the massive mall, at 9617 N. Metro Parkway West in Phoenix.

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