Metrocenter Mall to Become The Metropolitan

​The iconic Metrocenter Mall, once a bustling hub of retail activity and a landmark in Phoenix's commercial history, has taken its final bow. A special ceremony held on Monday marked the start of the historic demolition, setting the stage for an $850 million redevelopment project called The Metropolitan that will breathe new life into the area.

The deconstruction and the significant transformation to follow, led by Concord Wilshire Capital in partnership with Diversified Partners, and the City of Phoenix, will redefine the Metrocenter corridor by creating a vibrant multi-use urban village. The redevelopment plan includes townhomes, retail spaces, restaurants, parks, bike paths and more.

Concord Wilshire Capital is a nationally recognized leader in residential, resort, and mixed-use real estate development and construction, with a reputation in large-scale, impactful projects that blend innovation with sustainability.

"Our extensive experience allows us to revitalize urban landscapes into thriving spaces," said Concord Wilshire Chief Counsel Steve Betts. "We couldn't be more excited about this project, our new community and business partners, and the continued growth we foresee in the area."

Diversified Partners, headed by CEO Walt Brown, will play a key role in the planning and execution of the retail space to be known as The Loop, and will offer enhanced amenities boosting the local economy. Diversified Partners is a real estate development and brokerage firm with a long history of successful commercial, retail and mixed-use projects across the western United States.

As part of this collaboration, the City of Phoenix ensures the redevelopment aligns with its broader goals for sustainable growth and transportation. The newly completed Valley Metro Thelda Williams Transit Center, featuring Metro Light Rail services, will position the Metro District as the newest epicenter of activity and connectivity.

"This project represents the next phase of growth for our City," said Christine Mackay, Phoenix's Community and Economic Development Director. "We are not just breaking ground, but are laying a foundation that reflects the evolving needs of our community. As we reflect on the past, I'm excited for the developments to come."

Metrocenter Mall opened in 1973 and was once one of the largest malls in the country, revolutionizing Phoenix's retail landscape. With 80 acres of space, it housed major department stores, an ice-skating rink, movie theater, arcade and a wide variety of shops that drew customers for nearly five decades.

After closing its doors in 2020, the property stood as a reminder of fond memories and its popularity. Guests at today's ceremony were there to see the reveal of the name, branding and renderings of The Metropolitan. While abatement and demolition have been underway inside the mall, today attendees witnessed the first physical demolition of the outside structure.​