Dallas firm plans transit-oriented business park near Metrocenter

Article originally posted on Phoenix Business Journal on January 7, 2025

Formation Interests is embarking on its second major development in metro Phoenix.

The Dallas-based company is planning to turn an old office complex into a transit-oriented business park along the new light rail extension just across from the $850 million Metrocenter mall redevelopment.

The 22-acre property will become Formation Park 17 with four industrial buildings totaling 425,280 square feet, according to documents submitted to the city of Phoenix in 2024.

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