Four New Tenants Anchor Growth at Metro Phoenix Mixed-Use Project The Switchyard

Development partners Creation and Horizon Real Estate have announced significant leasing progress at The Switchyard, a 10-acre mixed-use project positioned at the northeast corner of Ellsworth and Ocotillo roads in Queen Creek, Arizona. The team has successfully executed lease agreements with four new commercial tenants, further solidifying the property's position as a growing neighborhood retail destination within the dynamic Southeast Valley submarket of Metro Phoenix.

The leasing momentum reflects the broader developmental trajectory of Queen Creek, one of the fastest-growing municipalities in the region. As residential communities continue to expand outward from Phoenix's urban core, retail and service-oriented commercial spaces are following population growth to capture emerging consumer demand.

Key Details

The Switchyard development spans 10 acres and will total 54,000 square feet of restaurant, retail, and office space upon completion, with a planned multifamily component, representing a $120 million investment. The property's strategic corner location at Ellsworth and Ocotillo roads provides strong visibility and accessibility—critical factors for retail tenants seeking to establish presence in developing submarkets.

The four newly signed tenants are Bamboo Sushi, ROOM and PORCH, Zara Nail Bar, and Edward Jones, all of whom will occupy space within the same building. They join three previously announced anchor tenants—Snooze, an A.M. Eatery; Shake Shack; and Postino Wine Café—which are expected to open by the end of the year.

According to Shopping Center Business, the partnership between Creation and Horizon Real Estate continues to advance the project's commercial viability as additional tenants join the tenant roster.

Market Impact

For commercial real estate professionals monitoring the Phoenix metropolitan area, this leasing activity underscores several important market dynamics. First, the Southeast Valley—including Queen Creek, Gilbert, and Chandler—remains a primary growth corridor driven by affordable housing development and in-migration patterns that have characterized Arizona's appeal to both individuals and businesses.

Second, mixed-use developments positioned at major intersections continue to demonstrate resilience and tenant interest, particularly when designed to serve immediate neighborhood needs. As remote work patterns persist, suburban retail centers benefit from increased daytime population density in residential areas.

Third, the involvement of regional developers like Creation and Horizon Real Estate signals confidence in secondary and tertiary submarkets within Metro Phoenix. Investors and brokers should note that opportunity exists beyond core urban locations, particularly where population growth creates immediate consumer demand for retail and service amenities.

Looking ahead, successful lease-up at projects like The Switchyard may encourage additional development pipeline activity in Queen Creek and neighboring submarkets. CRE professionals advising retail clients should consider the Southeast Valley's expansion trajectory when evaluating location strategies and market entry opportunities.