Construction is set to start this month on a new retail project in east Mesa that will be anchored by a Sprouts Farmers Market store.
Common Bond Development Group, the developer behind the project whose portfolio also includes Global Ambassador Hotel, Park at 83 in Peoria and several neighborhood shopping centers around the Valley, announced it has broken ground on Eastmarket at Eastmark, its retail development on the northeast corner of East Ray Road and South Ellsworth Road in Mesa.
Eastmarket will feature nearly 45,000 square feet of retail and restaurant space, including the 23,299-square-foot Sprouts Farmers Market store.
“Securing Sprouts at Eastmarket is a milestone for the Eastmark community, and is just the beginning,” Brian Frakes, the founder and president of Common Bond Development Group, said in a statement. “This project is about setting a high standard for neighborhood retail, something Eastmark residents can truly take pride in.”
In an announcement, Common Bond said the Eastmark master-planned community has long waited for a specialty grocer like Sprouts. Similarly, Frakes said in a statement that the plan is to bring a caliber of retail and restaurants to Eastmark that has not been there before.
Construction on Eastmarket is expected to wrap up in August 2026 with the Sprouts opening sometime in Q4 2026.
Sprouts has multiple Valley projects in the works
DMB Mesa Proving Grounds, LLC, a joint venture between Brookfield Residential and DMB Associates Inc., is the master developer for Eastmarket, but Common Bond Development Group has been tapped to develop the 6.6-acre first phase of the larger 32-acre site, which will ultimately include multifamily housing to round out the mixed-use development.
“Common Bond has proven to be the ideal partner for Eastmark,” said Eric Tune, the senior vice president of development at Brookfield Residential, said in a statement. “Their approach to design, tenancy, and neighborhood activation aligns perfectly with Eastmark’s vision for an inspired and elevated lifestyle.”
The east Mesa Sprouts is one of many the Phoenix-based grocer is developing around the Valley. Sprouts is not just expanding its retail footprint, but the company is currently building out a massive headquarters campus in north Phoenix and will include a flagship retail store, as well as multiple restaurants.
By Brandon Brown – Reporter, Phoenix Business Journal
