November 25, 2024 1:38 am
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Redevelopment of shuttered Phoenix mall will cost nearly $1B

An artist’s rendering shows the plans for the Metrocenter redevelopment. (RSP ARCHITECTS)

By Audrey Jensen | Phoenix Business Journal

The city of Phoenix is proposing an agreement with Concord Willshire Capital LLC for the redevelopment of the defunct Metrocenter Mall, which was once the largest mall in the Southwest but closed in 2020 due to market changes and the Covid-19 pandemic.

Florida-based Concord Willshire Capital and TLG Investment Partners recently announced plans to work with Houston-based Hines on a $750 million redevelopment of the nearly 50-year-old mall.

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