Curated News
By: NewsRamp Editorial Staff
September 15, 2025
Vestar Unveils Legacy Park: East Valley's $56B Urban Oasis
TLDR
- Vestar's Legacy Park development offers prime East Valley access to luxury retail, corporate space, and hospitality, creating competitive advantages for businesses and investors in a growing market.
- Legacy Park is a phased 20-year development by Vestar and Pacific Proving featuring 300k sq ft retail, 2,500 residences, 600-room hotel, and 3.4M sq ft office space around a 20-acre park.
- This project will generate 20,000 jobs, $56 billion in economic output, and fund vital Mesa services while creating community gathering spaces and sustainable urban living.
- A 20-acre urban park with a large lake will anchor this mixed-use oasis, bringing chef-driven restaurants and resort hospitality to the East Valley starting in 2027.
Impact - Why it Matters
This development represents a monumental shift in Phoenix's East Valley economic and lifestyle landscape. For residents, it means access to world-class retail, dining, and hospitality options previously unavailable in the region, reducing the need to travel to Scottsdale or Phoenix for premium experiences. The project's massive scale will create over 20,000 jobs across various sectors, providing significant employment opportunities while generating billions in economic activity that will fund essential public services. The mixed-use design promotes sustainable urban living by combining residential, commercial, and recreational spaces, potentially reducing commute times and fostering community connection. For the broader Phoenix metropolitan area, Legacy Park establishes the East Valley as a premier destination for corporate investment and tourism, competing with established luxury markets while driving regional growth and property values.
Summary
Vestar, the renowned developer behind iconic Arizona destinations like Tempe Marketplace and Desert Ridge Marketplace, has partnered with landowner Pacific Proving, LLC to announce Legacy Park - a transformative multi-billion-dollar mixed-use development that promises to redefine the East Valley landscape. This visionary project, strategically located at the convergence of Mesa, Gilbert, and Queen Creek, will feature an unprecedented combination of upscale amenities including 300,000 square feet of luxury retail and chef-driven restaurants, 2,500 contemporary residences, 3.4 million square feet of Class A office space, and a 600-room resort hotel developed by The Athens Group, the acclaimed hospitality developer behind world-class properties for Four Seasons and Ritz-Carlton.
The development's centerpiece will be an expansive over 20-acre urban park with a large lake, creating a regional gathering space for recreation and community events. According to Vestar President and CEO David Larcher, Legacy Park represents a "generational project that will become an urban oasis and the centerpiece of the East Valley," setting new benchmarks for mixed-use living in Arizona. Pacific Proving Principal Andrew Cohn emphasized the project's thoughtful design and lasting value, noting they've waited decades for the right timing and partners to bring this vision to life.
Scheduled to break ground in 2027 with a website coming soon at atlegacypark.com, Legacy Park is projected to generate approximately $56 billion in economic output over 20 years while creating more than 20,000 jobs. The development's strategic location adjacent to Mesa Gateway Airport and accessible via State Route 24 positions it to become the largest mixed-use development the East Valley has ever seen, contributing significant tax revenues to support City of Mesa services including police, fire, and vital infrastructure.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Vestar Unveils Legacy Park: East Valley's $56B Urban Oasis
