Economic Development

Punch Bowl Social will open a 22,000-square-foot location in downtown Phoenix’s Roosevelt Row district in fall 2019.

According to a recent study, downtown Tucson is among the top 10 emerging downtown city centers in the nation. The study identified five key principles – economy, inclusion, vibrancy, identity and resilience – and analyzed more than 100 key data points within the principles to quantify the value of a given U.S. downtown.

As a part its ongoing $4 million renovation, Peoria’s Park West Shopping Center has announced the addition of five new tenants: Hash Kitchen, The Sicilian Butcher, The Sicilian Baker Cannoli Bar & Market, Jalapeno Inferno and Pita Jungle. Forever 21, Koi Poke, Orangetheory Fitness and Creamistry were previously announced as coming in 2019. In addition, Cold Beers & Cheeseburgers is now open.

Belgium-based aircraft recycling and upcycling service Aerocircular announced it is expanding operations in North America with a new facility at Phoenix-Mesa Gateway Airport in Mesa, Arizona.

Stream Data Centers has acquired a 418,000-square-foot facility on 157 acres of land in Goodyear, where it will establish a data center campus. Initially, Stream will redevelop the existing facility. It will be fully operational by early 2020.

On Feb. 13, Five Star Development broke ground on the initial phase of The Palmeraie, a $2 billion master-planned community that spans 122 acres on the border of Scottsdale and Paradise Valley, Arizona.

After seven months of gathering input from stakeholders, including 90 different community, business and industry leaders through a series of interviews, Oro Valley has unveiled its new Comprehensive Economic Development Strategy.

Andersen Corporation, a Minnesota-based window and door manufacturing company, will officially begin construction on its newest facility located in Goodyear Crossing Industrial Park, which is just west of the Phoenix Goodyear Airport in Arizona.

A massive remodeling project at Sky Harbor International Airport is one step closer to completion as the second phase of the $590 million project at the airport’s Terminal 3 has opened.

SurchX, which enables retailers to recover losses from merchant processing fees, has announced the opening of its new office in downtown Phoenix. Previously located in Tempe, the space will accommodate more than 500 employees who will join the team over the next year.