For-sale homes will play a key role in redevelopment plans for the former Metrocenter mall in Phoenix's North Mountain Village.
The 64-acre mall will be transformed into "The Metropolitain" — an $850 million mixed-use development featuring for-sale and rental housing, entertainment, retail, and restaurants. With demolition complete, Denver-based Oakwood Homes is getting ready to start building nearly 750 townhouses within The Metropolitan.
Oakwood Homes is a division of Clayton Homes and subsidiary of Berkshire Hathaway. It is expected to start construction in April 2026 on two townhouse communities: Terra Court, a 144-home development with prices starting in the low $400,000s, and Luna Villas, a 314-home community where prices start in the low $500,000s.
A third community, called Brava, with 290 "premium" townhouses priced starting in the low $600,000s, is planned to break ground in April 2027. Prices for townhouses in Brava are expected to begin in the low $600,000s.
In a statement, Oakwood Chief Operating Officer Ryan Smith said the communities at The Metropolitan will have a "distinctive blend of architectural styles of Spanish Colonial and Contemporary Mediterranean modern design elements."
Concord Wilshire is spearheading the development of The Metropolitan. In a statement, President Nate Sirang said the firm selected Oakwood for its "extensive resources, design flexibility and proven ability to efficiently deliver high-quality custom-designed townhomes."
Oakwood lists two single-family communities within Arizona, with one in nearby Surprise and the other in Coolidge in Pinal County, according to its website.
Oakwood's new developments within The Metropolitan outpace the average home value — single-family or townhouse — in Phoenix's North Mountain Village, where single-family homes have an average value of $365,219 while townhouses have a value of $321,250, according to Homes.com data.
Concord is partnering with Hines to develop a 350-unit apartment complex slated to start in April 2026.
New retail comes to life
Homes at The Metropolitain will come online alongside the project's entertainment district. "The Loop" will include more than 100,000 square feet of boutique retail shops, rooftop restaurants, a park plaza, live music venues, a splash pad and a weekly farmers market, according to a news release.
Scottsdale-based Diversified Partners leads the retail component.
"The Loop is designed to bring energy and connection to this community every day of the week," said Walt Brown Jr., CEO of Diversified Partners, in a statement.
The new vision for these 64 acres replaces the Metrocenter mall, formerly a staple of Phoenix destination shopping since 1973. It was the state's first indoor, air-conditioned mall, according to the Arizona Historical Society.
During its time, the Metrocenter held major department stores, an ice-skating rink, a movie theater and more before shuttering during the COVID-19 pandemic.