MESA, Arizona — Developer Vestar recently unveiled plans for Legacy Park, a 9.4 million-square-foot mixed-use complex slated for a vacant 200-acre site in the East Valley area of the greater Phoenix market in Mesa, Arizona. The development’s property is part of the former 1,805-acre site of a General Motors proving ground, owned by Pacific Proving.
Vestar aims to deliver phase one in 2029, with subsequent phases — the surrounding corporate campuses and additional housing and a boutique hotel — to be determined based on economic conditions and market demand. Vestar expects Legacy Park to be built out over the next decade.
The first phase, estimated to cost more than $1 billion, would include a 300,000-square-foot shopping complex for upscale retailers and restaurants and roughly 700 residential units above the retail, according to Vestar.
In Mesa, Vestar is partnering on Legacy Park with the property’s owner, Pacific Proving. When it’s completed, the development will also include a hotel, office space, and parks and recreation areas. Legacy Park is slated to break ground in 2027.
In addition to its retail component, Legacy Park is slated to eventually have 2,500 multifamily residences; a 600-room resort hotel developed by Athens Group; 3.4 million square feet of midrise office and corporate campus space; and a 20-acre urban park surrounding a large lake.
Over the next 20 years, Legacy Park is projected to generate roughly $56 billion in economic output, create more than 20,000 jobs and contribute significant tax revenues to Mesa, according to Vestar.
For more information, visit vestar.com.
