There has been a lot of construction activity near the Costco in Surprise, Arizona lately. Many residents have noticed the new development and are curious what exactly is being built. It appears that multiple new retail stores and restaurants are being constructed in the area. Keep reading for details on the new construction near Costco in Surprise.
New Retail Development
The construction near Costco in Surprise is a new retail development called Surprise Marketplace. Surprise Marketplace will consist of over 400,000 square feet of retail space. There will be several large retail stores, restaurants, entertainment options, and more.
Some of the major retailers that will be located in Surprise Marketplace include:
- Burlington (off-price department store)
- Ross Dress for Less (off-price department store)
- Five Below (discount store)
- Party City (party supplies retailer)
In addition to these larger retail stores, there will also be over a dozen restaurants, cafes, and food vendors. Some of the eateries slated to open in Surprise Marketplace include:
- BJ’s Restaurant & Brewhouse
- Buffalo Wild Wings
- Capriotti’s Sandwich Shop
- McAlister’s Deli
- Menchie’s Frozen Yogurt
- Rollerz Cinnamon Rolls
For entertainment and leisure, Surprise Marketplace will feature a movie theater, bowling alley, and arcade. The movie theater planned is a state-of-the-art Cinepolis Luxury Cinema with recliner seating, in-theater dining, and an adults-only VIP section. The bowling alley and arcade will provide families with affordable entertainment options.
Location Details
Surprise Marketplace is located near the northeast corner of Litchfield Road and Statler Boulevard. It is situated just east of the Costco, across Litchfield Road. The new retail development takes up 73 acres of land.
The address of Surprise Marketplace will be 14401 W Statler Blvd, Surprise, AZ 85374. This puts it approximately 2.5 miles west of Loop 303 and 3 miles north of Bell Road in Surprise.
The site is part of a quickly developing area of western Surprise. Being located right next to Costco, Surprise Marketplace will draw many shoppers passing through the area. Its proximity to the surrounding residential neighborhoods also makes it convenient for locals.
Progress of Construction
Construction on Surprise Marketplace began in early 2022. As of October 2022, the new buildings are clearly taking shape. Steel structures and exterior walls are up for many of the future shops and restaurants. Crews have been busy grading land, pouring concrete, and working on utilities as well.
The developers, Vestar, have stated that Surprise Marketplace will open in phases. The first phase of openings is scheduled for fall 2023. This initial phase will include stores like Burlington, Ross, Five Below, Skechers, and Party City. Some of the restaurants should open at this time as well.
Build-out of the entire project will likely take over a year. Vestar estimates Surprise Marketplace will be completely finished sometime in 2024. The movie theater, bowling alley, and any remaining retail will open in the second phase.
Economic Impacts
The addition of Surprise Marketplace will bring numerous economic benefits to the city of Surprise and the surrounding region. Here are some of the key economic impacts projected:
- Over 1,000 new job opportunities for local residents. Retail stores and restaurants will need to hire workers. The businesses moving in are expected to create a mix of full-time and part-time jobs.
- Increased city tax revenues. Surprise will earn additional sales tax dollars from purchases at Surprise Marketplace stores. Property taxes will also rise with the new development.
- Boost to nearby property values. Homes located close to new shopping and dining often see an uptick in property values. This benefits local homeowners.
- More convenient shopping for residents. Keeping retail spending local versus letting those dollars go to competing cities outside the area.
- Attraction of further development. Successful new retail centers commonly draw additional investment in surrounding areas over time.
It is clear that Surprise Marketplace will have a significant economic impact on Surprise and the nearby communities. The new stores and restaurants will keep more shopping dollars local while creating new jobs and tax revenues.
Community Reaction
Most residents who have heard about Surprise Marketplace appear excited for its completion. The promise of new national retail chains and dining options has been met with enthusiasm. Here are some of the commonly expressed community reactions:
- Happy to have major stores like Burlington and Ross that weren’t previously represented in Surprise.
- Looking forward to new entertainment options like the luxury movie theater.
- Pleased with the new restaurants and food choices that will be available.
- Hopeful that the new development will create good local jobs.
- Glad Surprise is attracting investment and continuing to grow.
Of course, some concerns have also been voiced about the impact of Surprise Marketplace, including:
- Worried about increased traffic congestion in the area.
- Not wanting Surprise to lose its small town feel as it keeps growing.
- Concerns about the partially vacant Surprise Pointe shopping center nearby.
However, most feedback seems optimistic about the new shopping center overall. Many in Surprise are excited to see empty land be put to productive economic use.
Conclusion
Surprise Marketplace will be a major new retail development for the city of Surprise. Slated to open in phases starting in 2023, it will feature over 400,000 square feet of stores, restaurants, and entertainment options. Popular national chains like Burlington, Ross Dress for Less, Party City, and BJ’s Restaurant are coming in.
The new shopping center is located near Costco just off Litchfield Road in western Surprise. Construction is well underway, with building structures now clearly visible. When finished, Surprise Marketplace will create jobs, generate tax revenue, and provide convenient new shopping and dining choices for local residents. Most in the community appear excited for the economic boost the center will provide.
While some concerns exist around traffic and maintaining a small town feel, the overall community reaction has been quite positive. Surprise Marketplace represents a substantial investment in the growing city of Surprise that will pay dividends for many years to come.