The Metropolitan: A New Chapter for North Phoenix
Phoenix continues to evolve, and few projects illustrate that transformation more clearly than The Metropolitan. Rising from the former Metrocenter Mall site, this $850 million mixed-use redevelopment represents one of the most significant urban infill projects currently underway in the Valley.
Designed as a true live-work-play community, The Metropolitan is bringing together housing, retail, entertainment, green space, and transit connectivity in a way that reflects the next generation of Phoenix living.
For homeowners, investors, and those watching the future of the city unfold, this is a development worth paying attention to.
The Metropolitan will transform the former Metrocenter Mall property into a thoughtfully designed urban village spanning approximately 64 acres in North Phoenix.
Led by Concord Wilshire Capital and Diversified Partners, with Oakwood Homes serving as the exclusive residential builder, the project is designed to create a walkable environment where residents can enjoy everyday conveniences, dining, entertainment, and public transit—all within a connected community.
Rather than simply replacing what once stood here, The Metropolitan is redefining how this part of Phoenix will function for decades to come.
Several distinct residential neighborhoods are planned throughout the development, offering a variety of housing options and price points.
Terra Court
A collection of 144 townhomes located near the Valley Metro Light Rail extension. Homes were introduced from the low $400,000s and are already fully sold out, demonstrating strong early demand.
Luna Villas
This phase includes 314 townhomes with pricing beginning in the low $500,000s. Approximately half of the homes have already been reserved.
Levante Apartments
A 350-unit multifamily community that has also achieved complete pre-sales, underscoring the level of interest surrounding the project.
Brava
Planned as a premium townhome community, Brava will feature approximately 290 residences with pricing anticipated to begin in the low $600,000s.
At the center of The Metropolitan will be The Loop, a pedestrian-focused retail and entertainment district designed to create a true neighborhood gathering place.
Plans currently include:
Connecting it all will be The Track, a landscaped pedestrian and cycling pathway designed to link residential neighborhoods, retail destinations, transit access, and recreational amenities throughout the development.
While the scale of the project is impressive, its significance extends beyond the buildings themselves.
Transit-Oriented Living
The Metropolitan is directly connected to Phoenix's expanding light rail system, creating one of the city's most prominent transit-oriented communities. As transportation options continue to expand throughout the Valley, proximity to transit is becoming an increasingly valuable amenity.
Walkability in a Traditionally Car-Centric Market
Phoenix has historically been built around the automobile. Developments like The Metropolitan reflect a growing demand for neighborhoods where dining, shopping, entertainment, and daily conveniences are accessible without getting in the car.
Strong Early Demand
The rapid absorption of several residential phases suggests that buyers are responding positively to the community's vision and location. Pre-sales often serve as an important indicator of market confidence, and early interest here has been notable.
Potential Impact on Surrounding Neighborhoods
Large-scale redevelopment projects frequently create positive ripple effects in adjacent communities. Improved infrastructure, new amenities, and increased investment can strengthen demand in nearby neighborhoods over time.
For homeowners and investors already established in North Phoenix, The Metropolitan represents a meaningful long-term investment in the area's future.
Construction on the first residential phases is scheduled to begin in April 2026, with additional residential and retail components expected to follow in 2027.
As Phoenix continues its evolution from a suburban city into a collection of connected urban villages, The Metropolitan is poised to become one of the most influential developments shaping the next chapter of North Phoenix.
For buyers considering the area, homeowners evaluating future opportunities, or investors watching growth patterns across the Valley, this is a project worth following closely.
As North Phoenix continues to evolve, understanding where growth is happening—and how it may influence surrounding neighborhoods—can create meaningful opportunities for both buyers and sellers.
If you're considering a move, investment, or simply want insight into how developments like The Metropolitan may affect your home's value, I'd be happy to share what I'm seeing in the market.
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With over 25 years of experience in real estate, master planned community development, sales, marketing, and VIP customer care, Anne is known for her exceptional service and integrity. Her Arizona family roots trace back to the territorial days, providing her with a unique perspective on the local real estate market. With a "can-do" attitude and unwavering commitment to excellence, Anne goes above and beyond to protect her clients' interests and provide them with an outstanding experience.
