PHOENIX-A 350,000-sf, open-air retail center under construction in northeast Phoenix has landed six more tenants.
The Village at Desert Ridge, which is under development at the northeast corner of the Loop 101 Freeway alignment and Tatum Boulevard, is months away from completion but is filling up fast. The six latest tenants to sign are Fat Tuesday, Rock Bottom Brewery, On the Border, Romano's Macaroni Grill, Hat World and As You Wish.
The $100-million project, which is just west of Scottsdale, is being developed by Phoenix-based Vestar Development Company. Vestar has built a number of retail centers in the Valley, including the Pavilions, an open-air retail center just west of Scottsdale. The project is expected to be completed by fall 2001.
The Village at Desert Ridge is the centerpiece of the Desert Ridge Marketplace, a 110-acre suburban entertainment center that includes specialty retailers, entertainment, dining and a grocery store. Entertainment elements include an 18-screen AMC movie theater along with Jillian's, an entertainment venue that includes classic billiards, an “extreme” bowling experience and the latest electronic simulation games.
Desert Ridge is a 5,700-acre master-planned community in northeastern Phoenix. The master plan's commercial area also has a 1,000-room resort is under construction.
The Phoenix office of CB Richard Ellis, with brokers Dave Cheatham and Darren Pitts, serve as the exclusive listing agents on the project.
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