(Disclosure: Rose Law Group represents Vestar.)
By Elias Weiss | InMaircopa
Phoenix developer Vestar cleared a key hurdle this month to develop its 195-acre Maricopa Towne Center project, receiving unanimous approval from the city’s Planning and Zoning Commission to rezone the property at John Wayne Parkway and Farrell Road.
While no national brands have been confirmed, one familiar name — that of Vestar’s most visible commercial partner — may be in the mix.
“We hope to bring a grocery store or large retailer to the project,” Vestar spokesperson Carli Richards told InMaricopa Wednesday. “However, [we] do not have any tenants to announce at this time.”
That may sound vague, but Vestar’s portfolio offers a clear pattern.
Across Arizona, the shopping center developer has launched nine projects with “Towne Center” in the name. Six of those — in cities like Chandler, Gilbert, Queen Creek and Goodyear — are anchored by a Target.
