The Shops at Halo Vista, an 11-acre mixed-use retail and hospitality development tucked inside the massive 2,400-acre master planned Halo Vista development in north Phoenix, is starting to look for tenants.
Common Bond Development Group, the company behind several notable Valley projects including the Global Ambassador hotel and Park at 83 in Peoria, is developing the retail destination at the northwestern hard corner of the I-17 and Dove Valley Road.
The center will be home to a dual-branded hotel and four different retail buildings, totaling 33,600 square feet of leasable space. It will be located adjacent to the Costco that is being built within the Halo Vista development.
The hotel will be a 253-key Courtyard by Marriott and Residence Inn by Marriott property. The five-story property is being designed for both business and extended-stay guests. It will include meeting rooms, a fitness center, a pool, an outdoor courtyard spaces and a lobby bar.
On the retail and restaurant side, Brian Frakes, the principal at Common Bond Development Group, told the Business Journal he is looking for a good mix of tenants including several full-service restaurants, some fast casual restaurants, coffee, bagel or boba tea spots, as well as some service retailers.
Frakes said that portion of north Phoenix off I-17 has been underserved for a long time, but with thousands of more homes being built and thousands of workers now employed at the Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) facilities, he said that demand will just grow even more in the coming years.
“Leasing this is going to be very particular,” Frakes said. “Hitting the current demand and then also what’s coming with the employees of TSMC being right there.”
Frakes, who has been connected to this project for a while, said he’s had many restaurants and retailers already reach out to him about leasing space at the Shops at Halo Vista. While that is encouraging, he said he wants to do a thorough search for tenants to make sure he gets the best fit.
In hopes of reaching an even broader audience of tenants, Frakes will attend ICSC Las Vegas, the world’s largest commercial real estate event, and searching for “first-class” retail and restaurant tenants. The event runs May 17-20.
“There are three big traffic generators that we have at the site – TSMC from the daytime employment, Costco that of course is driving tons of traffic and then we have a 253-key hotel,” Frakes said.
Frakes has a long history of working with Sam Fox and Fox Restaurant Concepts. Common Bond developed multiple Culinary Dropout locations and adjacent Yard developments with Fox, and Frakes also developed The Global Ambassador with Fox. Common Bond’s Park at 83 development features restaurants like Postino, Blanco Cocina + Cantina and North Italia. Frakes said he imagines the Shops at Halo Vista to be most similar to the Park at 83.
Construction on the Shops at Halo Vista, as well as the Costco and the Marriott hotel is set to start in November, Frakes said. Of those projects, Costco will be open first in the first half of 2027, Frakes said the first retail and restaurants will open in the fall of 2027 and the hotel will be finished in early 2028.
Phoenix Commercial Advisors is the local brokerage representing the Shops at Halo Vista.
