MESA, ARIZ. — Vestar, a shopping center and mixed-use developer based in Phoenix, has partnered with Pacific Proving LLC, a landowning entity that controls 1,805 acres in the state capital’s East Valley, to co-develop a $2 billion mixed-use project.
Legacy Park will span 200 acres at Pacific Proving’s site in Mesa near the confluence of Gilbert and Queen Creek. The groundbreaking is set for 2027.
“As someone who has believed in the potential of this area and land for decades, we are thrilled to partner with Vestar to bring this phase of our property Legacy Park to life,” says Andrew Cohn, principal of Pacific Proving. “Legacy Park is not just another development. It is a thoughtfully designed community that will bring lasting value and lifestyle to the East Valley. We have waited for the right timing, the right opportunity and the right partners, and that moment is now.”
Vestar expects Legacy Park to generate $56 billion in economic output over the next 20 years and to create more than 20,000 jobs. Located adjacent to Mesa Gateway Airport and easily accessible via the new State Route 24 at Williams Field Road, Legacy Park at full build-out will feature:
- 300,000 square feet of upscale retail and restaurant space that will house chef-driven, fine dining and first-to-market food-and-beverage concepts
- 2,500 multifamily residences
- A 600-room resort hotel that will be developed by The Athens Group
- 3.4 million square feet of mid-rise office and corporate campus space
- An 20-acre-plus urban park, including a large lake that will serve as a regional gathering space for recreation, events and community connection
“Legacy Park is a generational project that will become an urban oasis and the centerpiece of the East Valley,” says David Larcher, president and CEO of Vestar. “We have built destinations that redefine their communities, and Legacy Park will be no different. This development will set a new benchmark for retail, hospitality and mixed-use living in Arizona.”
The size and design of Legacy Park’s retail component will be comparable to Scottsdale Quarter, in which Vestar is a partner.
Vestar’s portfolio exceeds 30 million square feet across the Western United States, with an additional 3 million square feet under active development.
— John Nelson