Arizona

Phoenix — Denver-based development firm Aardex has completed the renovation of One West Madison, a historic adaptive reuse project located in downtown Phoenix. The 27,000-square-foot building has been transformed into move-in ready retail space. Constructed more than a century ago, One West Madison was acquired by Aardex in 2022. The development includes approximately 13,500 square feet of ground floor retail space, along with an activated basement level. The basement level will introduce The Vault on Madison, a climate-controlled self-storage concept, which is anticipated to open May 1. Additional basement space remains …

Phoenix — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop 15 new units — dubbed Cans — in Phoenix. Entrepreneurs Talha and Rehman Ahmed, alongside their three business partners, will own and operate the restaurants. The group now maintains a portfolio of 20 Cans, with the first of their locations expected to open in Tucson, Arizona, later this year. In addition to development agreements in Arizona, the group is also debuting Cans in Las Vegas; El Paso, Texas; and Midland/Odessa, Texas.  Founded in 2019, Smalls Sliders currently …

Scottsdale, Ariz. — Salt River Pima-Maricopa Indian Community (SRPMIC) and Scottsdale-based Mullin 360 have received approval to develop a Costco at 4499 N. Pima Road in the Phoenix suburb of Scottsdale. The project will be the first-ever Costco store on tribal land in the United States. Spanning 21.5 acres, the project will include a 162,000-square-foot retail building and approximately 994 parking stalls. The store will include an expanded ready-to-eat section with a wide selection of grab-and-go meals, as well as a food court. A formal groundbreaking will be planned for June …

San Tan Valley, Ariz. — Diversified Partners has announced plans to develop a 3.84-acre retail center at the southeast corner of Bella Vista and Gantzel roads in San Tan Valley, roughly 46 miles east of Phoenix. The planned development will include multiple retail pads, with up to 1.9 acres available for sale or ground lease. A Terrible’s convenience store and gas station will anchor the project. Further details of the development have not been disclosed.