Oakwood Homes has withdrawn from the $850 million Metrocenter redevelopment project, with a replacement builder expected to be named next week.
The Denver-based homebuilder, which was selected as the exclusive homebuilder at The Metropolitan last fall, notified the master developer about a month ago of its plans to withdraw from the project.
“After careful consideration, we made the decision not to move forward as the residential builder at The Metropolitan in Phoenix,” Michael Fraley, Arizona division president for Oakwood Homes, told the Business Journal…