Papago Plaza developer eyes Sprouts as tenant of Scottsdale mission

SCOTTSDALE, AZ — The revamped Papago Plaza is inching nearer to its first wave of tenants establishing store.

The south Scottsdale mixed-use middle will not be completed fully till mid-2024, however the first restaurant and retail tenants are on monitor to maneuver in by subsequent summer season, mentioned Lee Mashburn, president of Pivot Improvement. Wells Fargo & Co., Peak Diet and Panda Nails have signed leases to this point on the middle positioned at 1408 N. Scottsdale Street. Mashburn mentioned with lease and letter of intent commitments, the entire area is about 80% spoken for.

One of many tenants Pivot desires for the middle is Sprouts Farmers Market Inc. (Nasdaq: SFM), which Pivot is engaged on a cope with, Mashburn mentioned.

Along with its negotiations with Sprouts, Pivot is speaking with breakfast, juice and burger ideas in addition to a Greek restaurant to fill out the area.

A grocer, together with a 192-space, two-story parking storage above it, is anticipated to be full within the second quarter of 2024. Papago Plaza could have 152 areas of floor parking.

Learn extra of this story from the Enterprise Journal.

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