Target Likely to Anchor New Retail Development in Laveen
Laveen’s rapidly growing retail landscape is set to expand even more in the coming months.
Barclay Group, a full-service commercial real estate company in Scottsdale, is currently in plans to develop Laveen Spectrum, a 500,000-square-foot retail center on the northwest corner of 59th Avenue and Baseline Road. According to Jim Gardner, senior vice president of marketing for the company, talks are ongoing with representatives from Target to have the retail giant serve as the power center’s anchor.
Although he couldn’t reveal any additional tenants for the 50-acre site, Gardner said they are pursuing retailers for sporting goods, electronics, pets, clothing and linens.
“The sort of tenants we’re bringing, most people get excited. But we tend to be a little quieter until we get a little farther down the road, just in case,” he added. “We have received strong interest from both national and local tenants and are targeting sit-down restaurants.”
As for the development’s design, Gardner says they are adding architectural features that are “agrarian in nature” and have a small, main street-type feel to match Laveen’s rural character.
Representatives from Barclay Group – which also developed the Target-anchored Pecan Promenade center at 99th Avenue and Lower Buckeye Road – are still working with the city of Phoenix to process final plans. According to Gardner, Laveen Spectrum is expected to open in March or October 2009.
Once the commercial phase is complete, a residential component could follow. However, it would not be developed by Barclay Group.
“That’s really just more of a zoning piece at this point,” Gardner said. “I wouldn’t say that’s eminent.”
Laveen Spectrum is the latest development being built to capitalize on the proposed South Mountain Freeway, which would border the western side of the shopping center. Across Baseline Road, Laveen Commons, a 100-acre commercial center is being developed by Kitchell Corp. A movie theater is just one of numerous possible tenants that include two anchor retailers, 10 major stores, 17 commercial pads and many smaller shop locations.
Betty H. Fairfax High School, which is nearing completion and is part of the Phoenix Union High School District, is just east of the Laveen Commons site. The high school is scheduled to open on Aug. 6.