A big investor plans to spend $18 million redeveloping a Phoenix shopping center, where storm damage caused a Safeway to burn down last summer.
Scottsdale-based SimonCRE paid $3.2 million Monday for the 15-acre Park Northern shopping center on the northeast corner of 35th and Northern avenues.
VASA fitness center planned
It plans to bring new tenants to the north central property, including a 60,000-square-foot VASA fitness center to the former grocery-store spot. The store has been empty since the fire.
Safeway decided last summer not to reopen after the three-alarm fire. The grocery store-chain had operated a store there for more than 30 years.
Many neighbors were upset by Safeway's decision not to reopen.
“We’re grateful for the opportunity to rebuild a neighborhood center that needed a restart,” said Joshua Simon, CEO of SimonCRE.
The first phase of the shopping center’s redevelopment is expected to be done in early 2021.
Featured in azcentral (Original article)