An upcoming 500,000sq ft shopping centre in the Phoenix metropolitan area has a slate of tenants already committed.
Vestar has shared the first round of tenant commitments for Laveen Towne Center, a new retail development planned for the rapidly-growing Laveen Village community outside of Phoenix. Scheduled to break ground this fall, Fat Cats, First Watch, Petersen’s Ice Cream, Club Pilates, Zara Nails, Mountain America Credit Union, Costa Vida, V’s Barbershop, Tropical Smoothie Cafe and a national footwear retailer have committed to open at the property.
Vestar says additional leasing announcements are anticipated as the project continues to advance through planning and development.
Located southwest of downtown Phoenix, Laveen Village has a population of approximately 55,000, with a median household income of more than $110,000. According to US Census Bureau estimates for 2025, the Phoenix metropolitan area is home to more than 5.2 million residents, making it the tenth largest metro in the country.
“Laveen continues to experience tremendous residential growth and retailers are taking notice,” said Kean Thomas, VP of Finance and Development at Vestar. “The strong leasing momentum we’ve achieved prior to breaking ground demonstrates the demand for quality retail and dining options in the community. We’re excited to bring together a collection of brands that will serve residents’ daily needs while creating a vibrant destination where the community can gather, shop, dine and connect.”
