[ASU Diablo]

Originally Posted by xymox

Good news if true - all the articles I read had that same headline. None of the articles quoted a timeline to break ground. Seems like the big news is that the developer closed (with cash) the deal to buy what was left of the site. A little skeptical that they are starting 'immediately' vs 4-5 years down the road. Isn't this the same situation with Christown Mall? Developer holds the property - has the plans and could start - but hasn't.

You must've missed the PBJ article

https://www.bizjournals.com/phoenix/news/2023/01/24/metrocenter-mall-phoenix-village.html

Following the acquisition of the 1.4 million-square-foot mall, the developers said demolition will start "immediately" and be completed in a year. Road infrastructure and other site work is expected to be completed in two years and cost $98 million. The existing Walmart Supercenter and self-storage facility will remain in place. The multifamily component, which is expected to cost $704 million, will start construction in two years and be completed in five to seven years, the developer said.