#USA #Mesa #Vestar #Legacy Park #Pacific Proving

Legacy Park: An Urban Oasis in Phoenix's East Valley

In a remarkable venture poised to transform the Phoenix metropolitan landscape, Vestar, the preeminent developer and operator known for creating iconic retail venues like Tempe Marketplace and Desert Ridge Marketplace, has unveiled plans for the ambitious Legacy Park. This upcoming multi-billion-dollar mixed-use development, in collaboration with Pacific Proving, LLC, is set to elevate the East Valley experience to unprecedented levels.

A Visionary Project

Located at the intersection of Mesa, Gilbert, and Queen Creek, Legacy Park is ingeniously designed to emerge as a vibrant urban core. This development will encompass a blend of lifestyle retail options, upscale residences, Class A office space, and a magnificent park setting, all contributing to a sophisticated and high-quality living environment in Arizona.

David Larcher, President and CEO of Vestar, articulated the significance of this project by stating, "Legacy Park is a generational venture that promises to create an urban oasis and become the focal point of the East Valley. Our history of redefining communities significantly drives the spirit of this project."

Amenities That Redefine Living

Upon its completion, Legacy Park will revolutionize the everyday lives of its future residents. Envisioned on a grand scale, it will feature:

• - 300,000 square feet of premium retail and artisanal dining options, many debuting for the first time in the East Valley, echoing the lively atmosphere found in places like Scottsdale Quarter.
• - 2,500 contemporary multifamily residences, catering to various lifestyle needs, combining comfort with luxury.
• - A 600-room resort hotel, developed by The Athens Group, known for their luxurious hospitality ventures such as Ritz-Carlton and Four Seasons.
• - 3.4 million square feet dedicated to mid-rise office and corporate campus spaces, designed to foster business innovation and synergy.
• - Over 20 acres of lush urban park, including a scenic lake that will serve as a community hub for activities and gatherings, thereby enhancing recreational options for all.

The partnership with The Athens Group guarantees that the resort will not only provide excellent lodging but will also offer premier event spaces, positioning Legacy Park as a new landmark for weddings and special events.

A Strategic Location

Sitting conveniently next to Mesa Gateway Airport and bordered by the newly established State Route 24 at Williams Field Road, Legacy Park is set to become the largest mixed-use development in the East Valley. The project is projected to yield approximately $56 billion in economic output over two decades, alongside the creation of over 20,000 jobs. The revenues generated will significantly benefit the City of Mesa, facilitating the enhancement of essential services like police, fire, and parks.

Andrew Cohn, Principal of Pacific Proving, endorses the vision of Legacy Park, noting, "This initiative is more than just another development; it embodies a meticulously planned community that will enhance the lifestyle and long-term potential of the East Valley. After years of waiting for the right moment, we are delighted to commence this journey with Vestar."

Future Prospects

Groundbreaking for Legacy Park is scheduled for 2027, with a dedicated website set to launch soon, where interested individuals can find updates and learn more about this groundbreaking development. Legacy Park is not just a project; it symbolizes a long-awaited evolution in urban living in Phoenix's East Valley, promising to enrich the community experience while setting new standards in mixed-use development.

Conclusion

As Phoenix continues to grow, developments like Legacy Park are essential in shaping a vibrant and inclusive urban landscape. With ambitious plans and a commitment to excellence, Vestar and Pacific Proving are on the path to creating a memorable living, work, and leisure environment that prioritizes both community and sustainability.