Defunct malls among top redevelopment projects in the Valley

By Corina Vanek | Phoenix Business Journal

Defunct malls have been the focus of some of the biggest redevelopment efforts in the Valley, including the reuse of the former Park Central Mall as a primarily office mixed-use campus, and now two groups are gearing up to take on the repositioning of Metrocenter and Paradise Valley Mall.

“Paradise Valley Mall is a great location,” Mike Ebert, founding partner of Phoenix-based RED Development, said at a recent panel discussion hosted by Valley Partnership. “We started working on it about 10 or 12 years ago, but it wasn’t the right time. I’m super thankful that it didn’t work out 10 years ago.”

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