A lineup of anchor tenants will make their way to Verrado Marketplace in Buckeye.
National retailers Target, Harkins BackLot, Safeway, Marshalls, Ross and HomeGoods will open their doors at the open-air retail center at the northeast corner of Verrado Way and I-10.
The regional shopping center is expected to open in the fall of 2025.
“With the addition of these premiere anchor tenants, we are confident that Verrado will become more than just a retail destination, but also a community hub for social interaction and entertainment,” Jeff Axtell, executive vice president of development, shared in a press release.
Verrado Marketplace is owned by a partnership between Vestar and DMB Associates.
Entertainment company Harkins BackLot is bringing its newest concept to Verrado Marketplace. In addition to a luxury movie theatre, Harkins BackLot will have a full-service restaurant and bar including a sports viewing arena, arcade games for all ages, a bowling alley and private areas for parties and events within the 75,000-square-feet space.
The Verrado Marketplace location will be their first new build of the “BackLot” concept to open in Arizona.
Similar to Vestar’s Desert Ridge Marketplace and Tempe Marketplace projects, Verrado Marketplace will offer gathering spaces throughout the development, complete with a central lawn. “The District,” as it’s called, is designed to provide a versatile space for concerts, community events and social gatherings with the addition of a performance stage.
Vestar will be implementing its sustainability program, GreenStar, into the project including energy-efficient building materials, solar power, water harvesting, white “cool” roofs, artificial turf, LED lighting, on-site recycling and composting, drip system landscaping and EV charging stations.
Verrado Marketplace will stand at the entrance to DMB Associates’ 8,800-acre master planned community where there are currently more than 6,800 homes.
Over the next decade, Verrado Marketplace is expected to bring in more than $50 million in total tax receipts to the city of Buckeye, according to Vestar. Additionally, the retailers and restaurants in the shopping center will generate nearly 1,500 permanent jobs.
Between construction and operation, the project is estimated to result in economic output of $1.8 billion over a 10-year period, Vestar says.
Verrado Marketplace is one of five new projects Vestar is developing in Arizona. Vineyard Towne Center, Queen Creek Crossing, Laveen Towne Center, and The Shops at Lake Pleasant are also underway.