When the Town of Marana opened the Twin Peaks Interchange along Interstate 10 a little more than four years ago, it set into motion optimistic plans for significant development in the area. After a protracted slowdown caused by the crippling international recession, the most significant construction to occur in the corridor is taking shape.
Construction is well under way on the premium outlets at Marana shopping mall. When the mall opens this fall, more than 90 high-end shops will be doing business at a facility unlike any other in the region.
“This project is putting Marana on the map,” said Town of Marana Economic Development Director Curt Woody. “This is the most significant retail development to occur in Southern Arizona for many years.”
Simon Property Group, which has its headquarters in Indianapolis, is the outlet mall’s developer. Simon has a long history of success with malls and outlets in 37 states, Austria, Canada, Italy, Japan, Malaysia, Mexico, the Netherlands, South Korea and the United Kingdom. The Chasse Building Team from Phoenix is doing the construction.
While Simon hasn’t formally announced tenants, it’s believed that many occupying the Phoenix Premium Outlets in Chandler will be on board. Simon also developed that property, which includes international brands such as adidas, Banana Republic, Calvin Klein, Coach, Cole Haan, Nike, Polo and Saks Off Fifth. The Chandler location is the nearest project of this scope. Simon also operates Arizona Mills in Tempe.
The premium outlet mall will give Simon a strong foothold in Southern Arizona and its more than a million residents along with the burgeoning Northern Mexico market. The vehicle traffic is already there. Approximately 75,000 to 85,000 cars pass the site on Interstate 10 every day.
“The premium outlet mall will be destination shopping,” Woody said. “These are the types of stores that will appeal to visitors from across Southern Arizona and Mexico.”
The outlet mall is just the beginning of commercial and retail development on the site. The mall covers just 46 of 160 total acres at the Marana Center. Once the outlet opens, expectations are car dealerships, a hotel, restaurants and big box retail centers will follow. The entire project is being developed by Vintage Partners, a Phoenix-based company that has more than 100 years of combined experience in identifying, buying and developing real estate.
“The premium outlet mall is the impetus for big things along the Twin Peaks Corridor,” said Marana Mayor Ed Honea. “Vintage Partners is an excellent developer for the site. The Town is extremely excited about what the future holds for the area.”