Vestar is planning a new retail outlet in north Phoenix, approximately two miles from its existing Desert Ridge Marketplace development.
Plans submitted to the City of Phoenix say Black Mountain Village will put approximately 140.6KSF of retail and restaurant space anchored by a neighborhood grocery store on a 20-acre site near Black Mountain Blvd. and Deer Valley Drive.
The location is currently under the management of the Arizona State Land Department. No auctions are currently scheduled for the site, which Vestar will have to buy or lease before building.
The application by law firm Gammage & Burnham justifies the project as a retail outlet focused on the immediate neighborhood, rather than serving the entire area, as is the case with Desert Ridge Marketplace. Noting that traffic in the area is an “unintended consequence” of Desert Ridge’s popularity, the application notes Black Mountain Village will be more convenient for neighborhood residents.
The Desert View Village Planning Committee is scheduled to hear the proposal this week and then vote to recommend or deny the plan in October, after which it will progress to the Phoenix Planning Committee and City Council for consideration. (Source)
