Burned Down Safeway Purchased, Redevelopment Planned

Article originally posted on Phoenix Business Journal on July 9, 2019
The Safeway on the corner of Northern and 35th avenues in Phoenix burns in July 2018.

A Phoenix shopping center that was anchored by the Safeway store gutted in a fire last summer has been acquired by a Scottsdale developer with plans to completely revamp the entire property.

SimonCRE closed on a deal Tuesday to purchase Park Northern, the shopping center on the northeast corner of 35th and Northern avenues in Phoenix. The company is looking to invest $18 million to completely revitalize and re-tenant the center during the next several years.

On July 11, 2018, a fire tore through the Safeway building, causing the roof to collapse. Later that summer, Safeway determined it would not rebuild and reopen the store.

The center’s first new tenant will be Vasa Fitness, a Utah-based gym franchise, which will occupy a 60,000-square-foot space where the Safeway once stood.

A rendering of what the Vasa Fitness location proposed at Northern and 35th avenues in Phoenix could look like.

“We’re grateful for the opportunity to rebuild a neighborhood center that needed a restart and are excited to welcome the community-driven Vasa Fitness to Park Northern,” Joshua Simon, founder and CEO of SimonCRE, said in a statement.