Thompson Thrift begins construction on mixed-use development in Phoenix
Thompson Thrift has announced the commencement of construction on the retail component of a 21-acre mixed-use parcel located at the intersection of Interstate 10 and Loop 101 in Phoenix. An approximately 23,000-square-foot Sprouts Farmers Market is set to anchor the mixed-use development, along with a class A multifamily community to be developed later. The first retail tenants are expected to open in late 2024.
"This property rests on the last undeveloped corner of a major regional intersection," said Ashlee Boyd, managing partner at Thompson Thrift Commercial. "We believe this will be a standout center and a lasting asset for the community."
Located at the northeast corner of 99th Avenue and McDowell Road at the front door of Phoenix's West Valley, Thompson Thrift has already secured leases with Shake Shack, Hawaiian Bros. Island Grill, Mountain Mike's Pizza, Cava (a Mediterranean-inspired fast-casual restaurant), Nekter Juice Bar and Torchy's Tacos. Valvoline, V's B