As we step into 2025, Arizona’s commercial real estate market is buzzing with groundbreaking developments that are set to redefine communities across the state.
Here are 10 standout projects shaping the future:
1. Child Crisis Arizona Center for Child & Family Wellness
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Address: Mesa, AZ
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Value: $35 million
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Size: 38,000 square feet
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Description: A beacon of hope for vulnerable families, this cutting-edge facility will provide life-changing support, from counseling services to educational programs, all under one transformative roof.
2. Fender at PV
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Address: Paradise Valley Mall, Phoenix, AZ
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Value: $125 million
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Size: 400,000 square feet
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Description: A legendary mall reborn. Fender at PV will deliver an electrifying mix of luxury living, high-end shopping, and an upscale entertainment hub in the heart of Phoenix.
3. HopeTech at EVIT
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Address: East Valley Institute of Technology, Mesa, AZ
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Value: $25 million
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Size: 90,000 square feet
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Description: The future of tech education starts here. HopeTech will arm students with next-gen skills in advanced manufacturing and technology, shaping the workforce of tomorrow.
4. Macayo’s Depot Cantina Redevelopment
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Address: Tempe, AZ
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Value: $15 million
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Size: 25,000 square feet
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Description: A fresh take on a Tempe classic. This revitalized space will blend nostalgic charm with modern dining, featuring expanded seating, stylish interiors, and a vibrant new energy.
5. PURE Pickleball & Padel
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Address: Scottsdale, AZ
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Value: $10 million
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Size: 50,000 square feet
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Description: Game on. PURE Pickleball & Padel is set to become Arizona’s premier destination for these fast-growing sports, offering elite courts, fitness amenities, and a social hotspot for players.
6. SkyBridge 108 and 109
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Address: Mesa Gateway Airport, Mesa, AZ
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Value: $150 million
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Size: 700,000 square feet
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Description: A game-changer for logistics, this expansion will supercharge international trade, seamlessly connecting the U.S. and Mexico through cutting-edge cargo and e-commerce facilities.
7. Teravalis
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Address: Buckeye, AZ
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Value: $1 billion
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Size: 37,000 acres
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Description: The city of the future is rising in Buckeye. Teravalis will introduce a visionary master-planned community with sustainable homes, vibrant commercial hubs, and world-class recreational spaces.
8. The Ranch
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Address: Prescott Valley, AZ
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Value: $500 million
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Size: 6,500 acres
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Description: A paradise for outdoor enthusiasts, The Ranch will blend custom homes, equestrian facilities, and miles of scenic trails into one breathtaking, adventure-filled community.
9. VERVE Tempe
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Address: Downtown Tempe, AZ
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Value: $90 million
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Size: 300,000 square feet
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Description: Elevating urban living, VERVE Tempe will offer stylish apartments, collaborative workspaces, and vibrant retail—just steps from ASU’s bustling campus.
10. X Roosevelt
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Address: Roosevelt Row Arts District, Phoenix, AZ
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Value: $60 million
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Size: 200,000 square feet
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Description: Where creativity meets luxury. X Roosevelt will bring sleek apartments, dynamic art galleries, and inspiring community spaces to the heart of Phoenix’s arts scene.
These are just a few of my favorite developments, and as the Phoenix metro area grows every day, it is transforming into an even more exciting and dynamic place to live, work, and play.
Hani Aldulaimi, CCIM
Managing Director
