The redevelopment of a shuttered Phoenix mall is set to begin immediately.
It was announced Monday, that the acquisition of the Metrocenter Mall will include the Dillard’s Building and U-Haul Building (formerly Macy’s building that has now closed).
Florida-based Concord Willshire Capital LLC and TLG Investment Partners and Texas-based Hines received the final approvals needed from the city of Phoenix for a tax incentive agreement, or Government Property Lease Excise Tax treatment, in November 2022.