Developers to Build $850M Walkable Village at Phoenix’s Metrocenter Mall

Concord Wilshire Capital and TLG Investment Partners in partnership with Carl DeSantis’ CDS International Holdings, have acquired the Metrocenter Mall, including the Dillard’s Building and U-Haul Building. The transaction was completed with no mortgage financing on the property and will pave the way for revitalization of one of Phoenix’s most iconic properties.

The development group has formed a strategic alliance with Hines, the international real estate firm, to redevelop and repurpose the Metrocenter Mall into a community-driven walkable village that will be home to a variety of residential apartment options including ownership and rental, boutiques, retail stores, restaurants, bars, a town-center park, and other commercial and entertainment venues.