The Osborn Marketplace
A 45,000-square-foot Sprouts grocery anchored shopping center
Location
Product Type
Timeline
Project Completion: October 2018
Overview
The Osborn Marketplace is a 45,000-square-foot shopping center located at the southwest corner of 7th Avenue and Osborn Road, in the heart of Midtown Phoenix. The site is conveniently located a 1/2 mile from the Central and Osborn Valley Metro Light Rail stop that connects the west and east valley. The location also benefits from being across the street from Dignity Health St. Joseph’s Hospital & Medical Center along with Phoenix College, 1/4 mile west of the project.
The Osborn Marketplace is a Sprouts grocery anchored shopping center utilizing an existing retail structure. Additionally, the center offers a Starbucks drive-thru and over 12,000 square feet of shop space including OrangeTheory Fitness, Jersey Mike’s Subs, and Jamba Juice.
Opportunity, Solutions & Outcomes
The site was formerly a 73,000-square-foot shopping center built in 1956. A portion of the existing structure was redeveloped for Sprouts grocery store and shop space users. The site was rezoned from the existing C-2 commercial designation to a PUD (Planned Unit Development) designation, allowing for greater flexibility and density.
In a supply constrained central core, The Osborn Marketplace is a rare reposition opportunity of a well located, underutilized 1956 vintage shopping center.
Contacts
