Capitalize on a prime anchor space opportunity in the thriving Phoenix retail market at 35th Ave & Peoria, perfectly positioned near the site of the former Metro Center Mall, now undergoing a massive $850 million redevelopment into "The Metropolitan" urban village. This redevelopment is transforming the area into a major mixed-use hub with housing, dining, entertainment, and retail, creating an economic resurgence that ensures a built-in customer base for your business.
Expert Market Positioning & Location:
- Location: 3514-3518 W Peoria Ave, Phoenix, AZ.
- Redevelopment Impact: The space is located in the Redeveloping Metropolitan Retail Market, which includes plans for 3,000 new residents in the surrounding area. The Metropolitan project, a 64-acre mixed-use development, will include approximately 1,200 townhomes and 350 apartments, bringing significant density.
- Transit-Oriented: The location offers direct access to a Light Rail Station which recorded 60,631 boardings in the last 12 months. The future development will further integrate light rail access.
- High Demand: The market exhibits an unmet retail demand of $1.8 billion, with $123 million specifically in the Healthcare & Personal Care category.
- Traffic & Accessibility: The site benefits from high traffic counts, including 43,000 CPD on W Peoria Ave and 25,400 CPD on N 35th Ave. It is also situated near the I-17 Freeway Employment Corridor.
Click below to view the interactive tour of available space:
