MESA, AZ-DeBartolo Development LLC Tuesday will break ground on 700,000 sf of retail as the first phase to the $150-million Mountain Vista Marketplace. Delivery is planned for spring 2009.

The 114-acre mixed-use development will have 1.3 million sf at build-out. Phase one’s anchor is a 177,500-sf Super Target set on 15 acres at the intersection of Signal Butte and US Route 60. Preleases are in hand for Dick’s Sporting Goods, Marshalls, Petco, Bank of America, Cracker Barrel and Shoe Carnival. The national retailers are taking 150,000 sf of the first phase.The residential component is under way. Delivery of the 384-unit District of Mountain Vista is anticipated for early 2009.

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