Starbucks, Michael's to come to Goodyear shopping center
A Goodyear mall will be fully leased for the first time since it opened 15 years ago.
Canyon Trails Towne Center is a 90-acre mixed-use shopping center located at South Cotton Lane and West Yuma Road. It's currently anchored by retailers like Target and Ross. And the developer recently signed leases with several new tenants, with additional construction currently underway for several new tenants that will be opening later this year.
David Malin, president of Scottsdale Development Partners, was with Vestar when the property was first developed in 2003. Originally opened in 2008, Canyon Trails ran into problems once the recession hit. The property was sold in 2013 and again late last year, with it currently being owned by Santa Cruz Seaside Company and managed by Vestar, which is also working on the new Verrado Marketplace and has developed similar centers like Tempe Marketplace and Queen Creek Marketplace.
The property has been in the process of being redeveloped since 2018. The shopping center now has all the needed rezoning approvals, and new shops are finally ready to open.
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Discount store Five Below will be occupying a 10,000-square-foot space that hasn't been leased since the mall first opened in 2008. It's expected to open by the end of the summer, along with a new 18,300-square-foot Michael's. In addition, both Starbucks and Freddy's Steakburgers will be opening on Sept. 1. Denny's, which is still under construction, is expected to open Oct. 1.
Construction began earlier this month for an additional building that will have about five retailers, Malin said. Lease negotiations have already begun with interested tenants, as well as lease negotiations with two national chains that will occupy 30,000 square feet.
Developer Embrey Partners will also be opening a multi-family housing development in the center, which is expected to be completed and ready for renters by the second quarter of 2024. The project will span over 13 acres and have 284 rental units.
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The apartments will be garden-style, said Jimmy McCloskey, executive vice president of development at Embrey Partners. Rents aren't yet available for the apartment complex, which will be called Senna at Canyon Trails.
McCloskey said Goodyear was an appealing area for a new apartment complex because of all of the jobs coming to the city and the West Valley, as well as its proximity to Interstate 10. The apartment complex will also help to complement the nearby retail center.
"At this point, it will be what we consider a horizontal mixed-use project," McCloskey said.
This article originally appeared on Arizona Republic: Here's what's coming to this Goodyear shopping center
