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Phoenix City Council approves redevelopment of Paradise Valley Mall: Here is what it could look like City of Phoenix/concept renderings and last updated 2021-02-18 00:56:14-05 PHOENIX — The redevelopment of Paradise Valley Mall received approval from Phoenix City Council on Wednesday. Macerich, who owns the mall and several other malls around the Valley, and RED Development put in a request to rezone the 91-acre property to allow for the building of residential and commercial buildings, including apartments, office space, a grocery store, restaurants and retail stores. City of Phoenix/documents City of Phoenix/concept renderings He told ABC15 in an email on Wednesday that demolition of the mall would begin with the Sears department store and could start as early as the spring or summer. He said construction of the first phase was expected to begin in the fall.

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