The images on the site are for planning and discussion purposes. вЂњAs of now, Macerich is evaluating future redevelopment scenarios that will be a great fit for this community and respond to market demand. For some time, as the shopping center landscape has been evolving, Macerich has been evaluating a range of development opportunities for this large, well-positioned property,вЂќ Karen Maurer, corporate communications for Macerich said. вЂњParadise Valley Mall has been part of this attractive Phoenix neighborhood, and part of the Macerich portfolio, for more than 40 years. The remainder of the mall, including an existing parking structure and Costco, are designated for future phases of development, according to the renderings. Renderings show multi-level residential housing, a community pool, a 45,000-square-foot space for a grocery store, and another 7,000-square-foot space designated for retail could all be part of that first phase. The redevelopment will create additional interest, life and economic vitality that will benefit the mall, adjacent properties, and the city,вЂќ the letter said.ДЄccording to initial renderings, the first phase of the project would focus on the southeast side of the property, nearest Cactus Road and Tatum Blvd., and east of MacyвЂ™s. вЂњThe mall is failing and will increasingly be challenged in the ongoing future to remain a sustainable and viable development. вЂњPV RE and Macerich are seeking to repurpose and develop the mall and transform it into a high-quality mixed-use development,вЂќ the projectвЂ™s attorneys wrote in a narrative included in its application. to allow for the construction of a mixed-use development. Recently, Macerich filed a request to rezone the 77-acre property near Cactus Road and Tatum Blvd. Macerich, which owns Paradise Valley Mall and several other shopping centers around the Valley, has long labeled Paradise Valley Mall as a redevelopment property, but when that redevelopment could take place and what it could potentially entail were not known. The future of Paradise Valley Mall could include a specialty grocery store, shops, restaurants, office space, self-storage, and housing, according to initial concept renderings submitted to the City of Phoenix.

Paradise valley mall