San Tan Valley’s retail landscape is set for a major boost with the planned expansion of Skyline Ranch Marketplace. REALM, in partnership with Pennant Development, has officially acquired the 31-acre site located in one of the fastest-growing areas of the Phoenix metro region. The development will bring 165,500 square feet of new retail space, anchored by a highly anticipated WinCo Foods set to open in 2025.
San Tan Valley’s rapid growth — with a projected population surpassing 110,000 this year and an annual growth rate of 2.6% — is fueling demand for more shopping and dining options. Household incomes in the trade area average over $84,700, making the community an attractive destination for national retailers.
“REALM is thrilled to be partnering again with Pennant Development on this important retail project,” said Travis King, Founder and CEO of REALM. “We are confident in the sustained growth of Phoenix and San Tan Valley and look forward to deepening our presence in this high-growth market.”…