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Struggling Phoenix Shopping Mall's Redevelopment Reflects Accelerating Retail Property Shift

Paradise Valley Mall Targeted for Rebirth as 6.5 Million-Square-Foot Mixed-Use Center
The owners of Paradise Valley Mall in Phoenix are planning a development with apartments and self storage. (Macerich/RED Development)
The owners of Paradise Valley Mall in Phoenix are planning a development with apartments and self storage. (Macerich/RED Development)
CoStar News
February 24, 2021 | 12:40 AM

The 1970s-era Paradise Valley Mall, in decline for almost two decades in Phoenix, is poised to be the latest retail center in the United States to be transformed with a new focus, in this case a town center development with high-rise multifamily housing, self-storage properties and retail.

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