A development company on Tuesday revealed their plans for the redevelopment of the Paradise Valley Mall.
RED Development announced their plans for the redevelopment of Paradise Valley Mall near Cactus Road and Tatum Boulevard in Phoenix. The plans include 400-residence luxury apartments with StreetLights Residential.
“We are excited to be part of the redevelopment vision that will restore the activity, vibrancy, and sense of community that was prevalent for so many years on the property,” says StreetLights Senior Vice President Greg Nadeau. “Our residents value walkability and convenient access to amenities and retail; expectations will be exceeded with this mixed-use project.”
Also, a brand new Whole Foods Market, a dine-in Harkin’s luxury theater, and three upscale restaurants that RED Development plans to announce in the next few weeks. These additions are part of the first phase for the mall and is expected to open mid-2024 so in a little over two years.
“The overall vision of this redevelopment is guided by the sentiment of honoring the more than 40-year history and legacy of the former mall and its significance in the neighborhood,” said Mike Ebert, managing partner at RED. “At its core, PV is about building a strong and enduring sense of community. It will be a mix of retail, restaurant, outdoor spaces, housing, and employment and a destination that fosters collaboration, creativity, and coming together.”