Major changes are coming to Paradise Valley Mall, located at 4568 E. Cactus Rd. The Phoenix City Council approved a rezoning request Feb. 17 that they say will redevelop and breathe new life into the mall, which has been part of the Northeast Phoenix community since 1978.
The proposed redevelopment is anticipated to contain:
- A mix of retail shops, grocery store, restaurants, multi-family, office, self-storage and other uses
- A maximum building height of 120 feet (inside of the “ring road” surrounding the existing mall) and a maximum of 85’ outside of the “ring road”
- Up to 3.25 million square feet of non-residential uses and 3.25 million square feet of residential uses, for a total of up to 6.5 million square feet of occupied building area
- Up to 2,500 multi-family dwelling units (within the above-estimated 3.25 million square feet of residential uses)
“As many malls across the country are suffering with vacant storefronts, it is critical to reimagine traditional malls as destinations for more than just shopping,” said Mayor Kate Gallego in a statement. “The redevelopment of Paradise Valley Mall will provide economic stabilization, not just to the immediate area but to the surrounding neighborhoods as well.”
The 92-acre site will be developed in phases and will promote walkability and connectivity with pedestrian paths and common areas. The site will also promote sustainability with xeriscape plants and trees, and water-efficient appliances within the multi-family development. Residents also have the option of using mass transit with the existing transit facility located within the development.
“I am thrilled about the redevelopment of Paradise Valley Mall to revitalize the area and spur economic development,” said Councilwoman Debra Stark, who represents District 3 where the mall is located. “PV Mall holds many memories and a sense of nostalgia for our residents. I am excited that the mall will be part of the fabric of the community for generations to come.”
Paradise Valley Mall, owned by Macerich, is partnering with RED Development on this project. RED Development has been behind projects such as CityScape in downtown Phoenix and the Shops at Town & Country near the Biltmore area.
The city’s Mesquite Library is not part of the redevelopment and will remain in its location. The Costco and the parking garage will also remain at the site.
Construction and demolition of parts of the mall are expected to begin soon.
For project renderings and more information, visit paradisevalleymall-zoning.com.