News Summary
Vestar and Pacific Proving have announced plans for Legacy Park, a large mixed-use development in the East Valley of Phoenix. Set to begin construction in 2027, the project will include retail spaces, luxury housing, office facilities, and a massive urban park. The development aims to attract residents and visitors, generate significant economic output, and improve accessibility through new transport infrastructure. With over 20,000 jobs expected to be created, Legacy Park represents a significant investment in the region’s future and community growth.
PHOENIX – Vestar, in collaboration with Pacific Proving, has revealed plans to create Legacy Park, a comprehensive mixed-use development project located in the East Valley of Phoenix, Arizona. This ambitious venture will span across a portion of the 1,805 acres owned by Pacific Proving and is anticipated to commence construction in 2027.
Legacy Park will be strategically situated at the intersection of Mesa, Gilbert, and Queen Creek, presenting a unique opportunity for growth and development in the region. The project aims to redefine the concept of mixed-use living, offering a harmonious blend of lifestyle retail, luxury housing, Class A office space, parks, and hospitality developments.
The development is planned to include approximately 300,000 square feet dedicated to retail spaces and restaurants, catering to the diverse needs of the local community. In addition, Legacy Park will feature 2,500 multifamily residences, designed to accommodate the growing population in the East Valley.
As part of the hospitality offerings within Legacy Park, a 600-room resort hotel developed by The Athens Group is planned. This addition aims to further enhance the attractiveness of the area as a destination for both visitors and residents alike.
Legacy Park will also encompass 3.4 million square feet of office and corporate campus facilities, providing ample space for businesses to thrive. An urban park, stretching over 20 acres and featuring a large lake for community recreational activities and events, will serve as a central gathering place for residents and visitors.
Economically, Legacy Park is projected to generate around $56 billion in output over the next two decades. It is expected to create more than 20,000 jobs during the same period, contributing significantly to the local employment landscape. Furthermore, the development will yield substantial tax revenues that will support various city services in Mesa.
The project is also set to improve accessibility to the area, being conveniently located near the new State Route 24 at Williams Field Road. This transport infrastructure will facilitate easier access for residents and businesses alike.
In summary, Legacy Park is envisioned as an urban oasis and will serve as the centerpiece of the East Valley, setting new benchmarks for retail and hospitality experiences in Arizona. The development looks to bring lasting value and enhancement to the lifestyle of current and future residents of the East Valley, establishing a vibrant and integrated community environment.
Overall, this extensive mixed-use project symbolizes a significant investment in the East Valley’s future, focusing on community-building, economic growth, and lifestyle enhancement through innovative and sustainable developments.
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Additional Resources
- PR Newswire: Vestar and Pacific Proving Announce Legacy Park
- Google Search: Vestar Legacy Park
- GlobeSt: Vestar Unveils Largest Mixed-Use Development
- Encyclopedia Britannica: Mixed-use development
- KTAR: Legacy Park by Vestar
- Google News: Legacy Park Phoenix
Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
