Following the approval from the Village Planning Committee, Vestar, one of the largest privately held retail real estate companies in the western United States, announced today that they are moving forward with plans to develop one of its newest projects — Laveen Towne Center. The open-air shopping center will sit on a 90-acre site in the heart of Laveen, a rapidly growing community in southwest Phoenix.
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Set to break ground in the summer of 2026, with the grand opening targeted for winter 2027, Laveen Towne Center will bring a mix of best-in-class shopping, dining and entertainment to Laveen.
“We’re incredibly excited to bring this long-awaited project to the Laveen community,” said David Larcher, President and CEO of Vestar. “Our goal is to create places that become the fabric of the communities we serve, where people gather, connect and make memories.”
Vestar is committed to preserving the character and charm of Laveen through the project’s design and programming. The development will reuse existing materials and features found onsite, including from the Hudson Farmhouse, and informational plaques will inform visitors about the site and Laveen’s history. Building architecture will be reflective of Laveen’s agrarian heritage, and a landscaped community space named the Laveen Village Green will host seasonal events, outdoor entertainment and public gatherings throughout the year.
Other features of the center include shaded storefronts, pedestrian walkways and major roadway improvements to Dobbins Road and 59th Avenue, including full-width, city-standard streets.
Laveen Towne Center is one of five ground-up projects that Vestar has brought to the Phoenix metro area since 2020, with an additional 1.5 million square feet of new projects in pre-development, set to be completed by 2031.
For more information on Vestar and its portfolio of properties, visit vestar.com
