|
Canyon Trails Towne Center, a 90-acre mixed-use destination at the northeast corner of Cotton Lane and Yuma Road along the southbound Loop 303, has completed several new buildings and pads, enabling more than a dozen additional store and restaurant openings. The center, 100% leased for the past two years, is owned by the Santa Cruz Seaside Company, is being re-developed by Scottsdale Development Partners, and is managed by Vestar, one of the nation’s largest operators of open-air shopping centers.
The new retailers and dining stores now open for business include Burlington (20,000 sf), Ulta (8,000 sf), Rack Room Shoes (8,000 sf), Ono Hawaiian BBQ (2,850 sf), O’Reilly Auto Parts (7,228 sf), America’s Best Contacts & Eyeglasses (3,000 sf), Einstein’s Bagels (1,217 sf), Baskin Robbins (1,386 sf) and Hello Sugar (1,200 sf), and recently signed leases with Cox Communications (1,535 sf), Angry Chickz (2,467 sf), AT&T (2,435 sf), and MVB Title & Registration (1,400 sf).
With more than 63,000 square feet of new space delivered, Canyon Trails Towne Center now totals 492,344 square feet with 55 retailers open. In addition, City of Goodyear permits have been approved to build another 15,000 square foot multi-tenant shops building with construction expected to take 8 months.
In addition to the shopping component, Embrey Partners recently completed a large-scale multi-family development. The luxury apartments span across 13 acres and include 284 units in the northwest corner of the shopping center with approximately 65% of the units currently leased.
The current zoning for the project allows for a limited-service or extended-stay hotel, and the team is in active discussions with several potential hotel partners.
“Our team has worked hard to create what has become a trophy project for the City of Goodyear and the West Valley. We’ve been fortunate to combine alternative uses to create a truly mixed-use environment. First and foremost, we offer a highly successful retail destination that includes Super Target, which serves our customers’ daily needs, along with everyone’s favorite junior boxes, specialty shops and dining,” said David Malin, president of Scottsdale Development Partners.
Malin, who was the original developer of the center while with Vestar, has been the lead consultant on the redevelopment of the project since 2018 and was instrumental in getting the shopping center to where it is today. He says the sales volume and traffic at the center continue to exceed expectations and grow year after year.
“Sales at the center continue to grow. Our retailers’ sales volumes are in the top 10% of their stores in the Phoenix metropolitan market and there is no slowing down. The economic boom in the West Valley has been like a tidal wave these past 4 to 5 years, a welcome sight after enduring many years of hard times after the recession in 2008,” said Malin.
Canyon Trails Towne Center is currently anchored by Super Target, Ross, PetSmart, Michael’s and Pottery Barn Outlet. Other existing retailers in the shopping center include Orange Theory Fitness, Starbuck’s, Chipotle, Wingstop, Freddy’s Steakburgers, Club Pilates, Apex Physical Therapy, Clean Your Dirty Face, Pacific Dental, Tropical Smoothie Café, My Dr. Now, KFC, Carl’s Jr., Jack in the Box, Cobblestone Carwash, and Christian Brothers.