Amid Surprise's already flourishing business and commerce hub, The Village at Prasada is quickly gaining momentum. This new development is expected to bring around 700,000 square feet of retail and restaurant options to the West Valley by the fall of 2022.
With thousands of homes currently under construction near Loop 303 and Waddell Road, many residents have expressed interest in a new shopping center. To meet this demand, The Village at Prasada will be home to several significant retailers requested in the City's recent Retail Survey.
New Stores in Prasada
Many new stores are opening in The Village at Prasada in Surprise, Arizona. Some of the most popular stores in the Surprise area now operate at this new retail development.
The development is slated to open 700,000 square feet of shops, restaurants, and entertainment. It is expected to become the largest outdoor shopping center on the West Coast in a decade, according to Scottsdale-based SimonCRE.
Some of the newest tenants at The Village include Floor & Décor, Total Wine, and Five Below. Other stores, including Sprouts Farmers Market and Pet Smart, are set to open soon.
In addition, several new sit-down restaurants are opening at The Village. These new restaurants will feature a row that includes O.H.S.O. Brewery, Barrio Queen, Lou Malnati's Pizzeria, Cold Beers & Cheeseburgers, and Firebirds Wood Fired Grill.
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Other stores include Walmart, Costco, and Sprouts Farmers Market. These stores can be found near North Prasada Gateway Avenue and West Waddell Road in Surprise, AZ, at The Village at Prasada. 303 and Waddell RD.
Despite the initial slowdown in businesses after COVID-19 was announced, more construction is starting. This growth will help bring jobs to the area, especially in the restaurant and retail industries.
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It is also hoped that these new stores will give residents of Surprise and the surrounding West Valley more options for shopping and dining. This is because many residents have been requesting more food options for years.
These new stores are not only exciting for the residents of Surprise but also provide a welcome change from the long-time stale air that most of us have been experiencing in this part of town. It is also hoped that this new development will attract more families and younger generations to the area.
New Restaurants in Prasada Surprise AZ
The Village at Prasada, an outdoor shopping center in Surprise, Arizona, has recently opened two new restaurants. Lou Malnati's and Cold Beers & Cheeseburgers have signed to join the restaurant row in the shopping center.
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Adding Lou Malnati's, Cold Beers, and Cheeseburgers make a healthy food choice for residents in and around the West Valley. They'll join a row of other popular eateries like O.H.S.O. Brewery, Barrio Queen, Firebirds, and Cooper's Hawk.
SimonCRE, the developer behind the center, has worked closely with Surprise's Economic Development team to find restaurants and retailers that fit the community's needs. It's an example of how developers listen to what their customers want and work to make it a reality.
"The Village at Prasada has received overwhelming interest from the West Valley and across the country in leasing its 700,000 square feet of upscale retail space.
This is a highly positive sign for the industry and shows that the demand for upscale retail is here to stay," says Joshua Simon, founder and C.E.O. of SimonCRE.
With the influx of housing and job growth in Surprise, there's a greater need for high-quality dining options.
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This is why the development team at SimonCRE decided to add the Street Fare at Alexandria restaurant hub in Village at Prasada.
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Located in the heart of Village at Prasada, this restaurant hub offers Surprise residents indoor and outdoor eating opportunities, tremendous walkability, and open-air retail experiences.
This exciting addition to the City of Surprise will delight visitors and residents alike!
New Entertainment for Prasada
SimonCRE, a national commercial real estate company, is working on this project, and it already has 90% of the space fully leased out.
The Village at Prasada will be a one-of-a-kind open-air shopping center with big-box retailers, restaurants, and family entertainment on the same site.
It will have a walkable retail experience that takes on Surprise's slogan, "where you can connect all aspects of your life," to heart.
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It will also be home to major retailers, including Sprouts Farmers Market, Marshalls, PetSmart, Ross, TJ Maxx, Ulta, and Five Below. It will also feature a restaurant row and a FatCats entertainment facility.
More restaurants and entertainment options are expected to open at the Village at Prasada, including Blue Sushi Sake Grill and O.H.S.O. Brewery. The developer is sourcing these new businesses to meet the needs of Surprise residents and is excited about the momentum that has been generated.
The developer has plans to build a new 350,000-square-foot retail development north of the Village at Prasada on Waddell Road. The developer plans to invest more than $100 million in this new development and believes it will amplify the retail offerings at the existing Village at Prasada.
While some projects have been put on hold due to the recession and mounting construction costs, SimonCRE says that momentum is still vital for this new development in Surprise. This project will ensure that current and future residents in Surprise have access to the restaurants, shops, and entertainment they want.
The Village at Prasada, a 700,000 square-foot open-air shopping center part of the master-planned development Prasada in Surprise, Arizona, has several upcoming additions to keep the area well stocked with retail. One of the most recent announcements is that Cold Beers & Cheeseburgers, a burger joint with 12 locations across Arizona and a location at Chase Field in Phoenix, has added its first restaurant to the area.
Another new store opening in the area is Five Below, a retail establishment that sells clothing, toys, and other small goods at very affordable prices. The company aims to make shopping easy and fun for young people.
Also coming soon to the area is a new Lou Malnati, which will be opening its eighth location in the area and will offer pizzas with thin or no crust and gluten-free options.
The restaurant will also feature a Mexican food option, and guacamole will be prepared tableside.
Other new restaurants opening in the area include a local nano-brewery and a family entertainment venue with a movie theater, bowling, and arcade. The Village at Prasada is located just southeast of Loop 303 and Waddell Road in Surprise.
A third new addition to the area is Prasada North, a 350,000-square-foot shopping center that Target will anchor. The center is being developed by SimonCRE, a commercial real estate firm that has tapped Western Retail Advisors to lead leasing.
Surprise Real Estate agent Scott Schulte
Surprise Arizona has been a hot spot for growth in recent years, with new developments sprouting up throughout the City. One of the latest additions is The Village at Prasada, which will open in 2022 and feature 700,000 square feet of retail shops and restaurants.
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The development is led by SimonCRE, a national commercial real estate firm with experience in the West Valley region. The company says the project responds to the unmet demand for retail in the area and aims to be a trendsetter.
According to the developer, 90% of the Village at Prasada space already has contracts. Several major retailers will be located at the site, including Marshalls, Five Below, Ulta, Home Goods, PetSmart, and Sprouts Farmers Market.
Another important aspect of this shopping center is the restaurants that will be added. According to SimonCRE, Surprise residents are interested in more food options. They want to bring the most popular Valley restaurants to the shopping center.
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In addition, the developers plan to add entertainment options as well. A movie theater will be located at the center and have a beer garden.
If you are thinking about Surprise, and interested in finding out about The Village at Prasada, contact Scott Schulte. He will happily answer any questions about the project and help you find your perfect home in Surprise.
Scott is a dedicated and experienced real estate professional with the knowledge to represent you in your real estate needs. His work ethic and ethics are second to none, and he is committed to providing you with the best possible customer service.