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| David Larcher |
In a ceremony attended by city leaders, developers, retailers, and community partners on Wednesday, Nov. 20, attendees heard remarks from Buckeye Mayor Eric Orsborn, Vestar’s President and CEO David Larcher, DMB’s Chief Operating Officer Dan Kelly, and Vestar’s Executive Vice President of Development Jeff Axtell.
Verrado Marketplace is
owned and developed by Vestar in partnership with DMB Associates.
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| Dan Kelly |
Haydon Building Corp is the general contractor for the property, with Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Located at the northeast corner of the Interstate 10 Freeway and Verrado Way in Buckeye, Arizona, Verrado Marketplace will stand at the entrance to DMB Associates' 8,800-acre Verrado master-planned community.
Verrado Marketplace will offer Buckeye residents and the West Valley an unparalleled shopping, dining, and entertainment experience—all in one convenient location.
During the groundbreaking ceremony, Vestar unveiled an expansive roster of more than 15 new retailers that will join anchor tenants Target, Harkins Theaters newest ‘Backlot’ concept, Safeway, Ross, Marshalls, and HomeGoods.
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ULTA Beauty, Famous Footwear, Buckle, Salt Tacos + Tequila, Bath & Body Works, Shake Shack, Handel’s Ice Cream, Nekter Juice, See’s Candies, Thai Chili, Einstein Bros. Bagels, Tropical Smoothie, Hawaiian Bros., European Wax Center, Zara Nails, Pacific Dental, America’s Best Contacts & Glasses, and Mountain America Credit Union are among the tenants projected to open starting spring
2026.
The property will have
over 50 retailers and restaurants once completed. Additional tenant
announcements will be made in the coming months.
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“This shopping center
will offer a dynamic mix of premium retail, dining, and entertainment, along
with large gathering spaces that will serve as a community hub for both the
Verrado community and entire West Valley. As the first of its kind in this
region, we look forward to Verrado Marketplace becoming a landmark for this
rapidly growing community.”
With a total investment
of $275 million, Verrado Marketplace is projected to generate over $50 million
in total tax revenue for the City of Buckeye and contribute an estimated $1.8
billion in economic output over the next 10 years. The development is also expected
to bring more than 1,500 permanent jobs to the West Valley.
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| Jeff Axtell |
“As one of Verrado’s very first residents, I’ve driven past this vacant lot for over 20 years,” stated Buckeye Mayor, Eric Orsborn. “I couldn’t be more excited to finally see this land transformed into the vibrant destination we’ve always envisioned.
"The date-night
restaurants, entertainment and retail that Buckeye residents have been asking
for and truly deserve will soon be right in our backyard. This Vestar
development will elevate Buckeye as the place to be in the West Valley and help
drive growth throughout the entire city.”
The highly anticipated
entertainment and lifestyle destination will feature unique amenities designed
to enhance the visitor experience, including a splash pad, a live performance
stage and video screen, and a half-acre central lawn surrounded by restaurants
featuring outdoor fireplaces and more.
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| Buckeye, AZ Mayor Eric Osborne |
Verrado Marketplace will also offer a “Sip & Stroll” experience, where guests over the age of 21 can consume alcoholic beverages while enjoying designated common areas within the property.
Planned activities will
include musical performances, holiday celebrations, and other community-focused
events, further enhancing its role as a destination for local engagement.
Verrado Marketplace will
benefit from Vestar’s GreenStar sustainability program, incorporating
eco-friendly features and energy-efficient practices throughout development.
Sustainable elements will
include solar power, LED lighting, EV charging stations and the use of
energy-efficient building materials—all designed to minimize the environmental
impact and ensure the center's long-term sustainability.
CONTACT:
David Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
Member of the
National Association of Real Estate Editors (NAREE)
“PR Strategist for the Commercial Real Estate Industry: I do what
I love and love what I do.”
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