At the intersection of Lake Pleasant Parkway and Happy Valley Road, a new shopping center named The Shops at Lake Pleasant is currently under construction. This significant commercial development is poised to become a central hub for retail and dining in the area.
Project Details
The development is a substantial undertaking, designed to cater to the needs of the growing community.
Project Overview
The Shops at Lake Pleasant will encompass approximately 90,000 square feet of space, primarily dedicated to a diverse array of retail and restaurant establishments. This indicates a focus on providing both shopping opportunities and dining options for visitors.
Location Specifics
The precise location of this new shopping center is the northeast corner of Happy Valley Road and Lake Pleasant Parkway. This strategic placement aims to maximize accessibility and visibility for the businesses that will operate there.
Developer Information
The project is being developed by Vestar, a prominent real estate company known for its extensive experience in creating large-scale retail environments. The Shops at Lake Pleasant represents one of five new shopping centers Vestar has in development across the greater Valley region, highlighting their ongoing commitment to commercial expansion in the area.
Scale and Scope
The 90,000 square feet of planned space suggests a sizable complex that will host multiple businesses, offering a variety of goods and services. This scale typically supports a mix of anchor tenants and smaller boutique shops, alongside various food and beverage options, making it a comprehensive destination for daily needs and leisure.
Key Facts at a Glance
For a quick summary of the project:
| Feature | Detail |
|---|---|
| Project Name | The Shops at Lake Pleasant |
| Location | Northeast corner of Happy Valley Road and Lake Pleasant Parkway |
| Developer | Vestar |
| Total Area | Approximately 90,000 square feet |
| Type of Space | Retail and Restaurant |
| Current Status | Under construction |
Broader Development Context
The construction of The Shops at Lake Pleasant is part of a larger trend of commercial growth in the region. Vestar's involvement in developing multiple new shopping centers underscores the increasing demand for modern retail and dining experiences outside traditional city centers. These developments often bring significant economic benefits, including job creation and increased local services.
