The redevelopment of a shuttered Phoenix mall is set to begin immediately. It was announced Monday, that the acquisition of the Metrocenter Mall will include the Dillard's Building and U-Haul Building (formerly Macy's building that has now closed).
Florida-based Concord Willshire Capital LLC and TLG Investment Partners and Texas-based Hines received the final approvals needed from the city of Phoenix for a tax incentive agreement, or Government Property Lease Excise Tax treatment, in November 2022.
The construction costs are expected to be over $850 million and the development team has signed agreements with the City of Phoenix for a public-private partnership for public improvements. “We are excited to be a part of the redevelopment of the former Metrocenter Mall into a vibrant mixed-use community with a sense of place that will enhance the public investments,” said Chris Anderson, Senior Managing Director of Hines.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Hopefully this is it': St. Charles mayor confident in anticipated Charlestowne Mall proposalAfter years of inactivity at Charlestowne Mall, there's hope for progress at the eastern gateway to St. Charles.
Leer más »
Man in Van Surrounded by SWAT in Torrance Strip Mall Parking Lot is Dead, Officials SayBreaking Update: The man inside the van in Torrance that was searched in connection to the Monterey Park mass shooting is dead, law enforcement sources say.
Leer más »
Police chase started in north Houston at Greenspoint Mall, ends up in The WoodlandsA nearly 40-minute-long police chase started in north Houston and ended up in the Woodlands.
Leer más »
Puyallup police arrest 2 teens with guns at South Hill MallBoth teens were booked into Remann Hall on two counts of juvenile possession of a firearm and obstructing law enforcement.
Leer más »
Ex-LA County real estate official gets probation in bribery case involving Hawthorne Plaza mallHe pleaded guilty to lying to FBI agents and filing a false tax return in an effort to cover up his receipt of bribes in connection with the South Bay property.
Leer más »
One dead in West San Jose house fireThe fire occurred just north of the Westfield Valley Fair mall
Leer más »