PHOENIXThe Esplanade has announced that thispremier mixed-use development will undergo renovations to theground plane and retail space with work slated to begin in firstquarter 2015.

Renovation plans currently include strategies to open up thethree main entry points to the retail portions of the property tomake them more inviting and accessible to visitors. Additionally,the walkways will be redesigned so retailers can provide theircustomers with indoor/outdoor spaces in which to shop and dine. Thecentral corridor will be reimagined to create a community squareoffering a space for the Esplanade community to come together. Thespace will offer outdoor seating as well an area for communityevents.

MetLife, the owner of the property, has tappedCBRE to oversee management of the renovations.Gensler has been selected as the project'sarchitect and design firm. A general contractor has yet to beannounced. CBRE is also responsible for property management and themarketing and leasing of the retail portions of the property.JLL handles the marketing and leasing of theoffice space.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.