By Ron Davis | Phoenix Business Journal
Macerich, the operator and owner of many of Phoenix’s top malls, is looking to round out the surrounding areas of some of their shopping destinations with class A office buildings and multifamily housing.
Plans are in the works for up to 750,000 square feet of new office development in two prominent areas of the Phoenix metro, Macerich CEO Tom O’Hern said during a fourth quarter of 2022 earnings call earlier this month.
“At Biltmore Fashion [Park in Phoenix], we’re advancing plans for a 10-story, 250,000-square-foot class A office tower, including best-of-class retail and food and beverage. Plans are also evolving for a 250-unit luxury apartment complex at Biltmore,” O’Hern said.
“At Scottsdale Fashion Square, we’re moving forward with plans for multifamily, residential and up to 500,000 square feet of class A office. This is in addition to the re-merchandising of the Nordstrom wing with luxury brands and dining, which is well underway. “
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