More retail buildings planned for infill parcels, vacant sites in Peoria and Surprise - Phoenix Business Journal

📆 25/09/2022 01:01:00
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Growing neighborhoods like Asante and Vistancia are seeing more retail proposed as developers try to catch up with demand. Click through to read about the projects in the works now. phoenix

As the housing and industrial boom continues in the Valley, more retail projects have been proposed for vacant sites across the region.

James DeCremer, a principal with Avison Young in Phoenix, said the northwest part of the Valley, a high-growth area, has"great" demographics, incomes and schools but is largely underbuilt in retail. Historically, retail growth occurred along Bell Road and Grand Avenue, but as these corridors get closer to being built out, DeCremer said, retail development will continue following where the growth is.

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