As expected, Phoenix City Council gave the green light for a development agreement with Phoenix-based Vestar to supportCalled Laveen Towne Center, the new 400,000-square-foot retail, dining and entertainment project represents an investment of $130 million and will be the the first phase of an overall 90-acre site. It will feature a department store, entertainment concept, restaurants, specialty shops and various services in southwest Phoenix.
The development will be centered around the historic Hudson Farmhouse, which was first developed in 1926 and is eligible for historic designation. It will be repurposed as a possible new restaurant or wine-related space and gathering spot for residents. Two existing cement-stave silos at the Hudson farm site could also be used to complement the farm house or create another use at the town center, according to Vestar. Laveen Towne Center is expected to break ground in 2024, be open to the public by the fall of 2025 and create hundreds of jobs over five years.
"Let me tell you how excited some of our local restaurant tours were when they saw that historic farmhouse," she said."We want to make sure we get the best possible, unique user in that space."
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