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3/31/25
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The Promenade, a 575.3k sf open-air retail center in Scottsdale, AZ, is now over 98% leased. Built in 2000, The Promenade is located at 16243 N. Scottsdale Rd, at Frank Lloyd Wright Blvd. Owned by FalconEye Ventures and managed by Vestar, the center includes over 35k sf of space dedicated to wellness, home, fashion, and more.
Recent signings include Arizona’s first Pvolve studio, the Jennifer Aniston-backed fitness brand, which made its debut at Scottsdale Promenade in November 2024. The innovative Pvolve fitness method combines functional strength training with cutting-edge resistance equipment to sculpt and strengthen the entire body. Spanning 2.5k sf, Pvolve is one of three recent additions to the center, joining American fashion retailer J.Crew (occupying 6.9k sf) and popular sports merchandiser Fan Outfitters (covering 4.5k sf of retail space).
The Promenade is also home to several exciting new concepts currently under construction, including a 2.2k sf IKEA store featuring their latest planning studio concept. This new location is projected to open in April and will offer one-on-one consultation services for kitchen, bedroom, and bathroom design, as well as solutions for small-space living, providing a game-changing experience for homeowners and those looking to upgrade their spaces.
Additional openings this year at the outdoor shopping center include Sugar Sugar, a waxing studio that will expand into a larger, 2.6k sf space when it reopens this spring, The Wallpaper Co, and DXL, a big-and-tall men’s clothing retailer, set to open in late 2025. Pella Windows will also open at the end of 2025 in a 3k sf space and the Cox expansion project will occupy an additional 3.9k sf at the property. Kura Sushi, a 3.5k sf rotating sushi bar concept, officially opened to the public on March 22nd, 2025.
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