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Mission
Based Development in the commercial setting allows for the development
of business centers with green build components that recognize,
embrace and integrate the cultural attributes of a particular
area.
One such example is SoMo’s Plaza Mayor.
As a dynamic market, Phoenix has a rapidly growing, increasingly
wealthy Hispanic population rich in cultural tradition and proud
heritage which has become a driving force behind unprecedented
retail expansion. Plaza Mayor will be anchored by Hacienda Mercado,
a blending of an authentic Mexican marketplace with the urban
appeal and sophistication of a gourmet grocery store. The store
itself will anchor numerous other restaurant and retail services
making the Plaza a community center point where friends and neighbors
meet for shopping, talking and eating. National trends for retail
centers show this sector to be a huge growth market and bringing
it to the Phoenix market puts it in one of the hottest areas overall.
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