City North, located in the community of Desert Ridge, opened in November of 2008. Developers, Thomas J. Klutznick Co. and related companies, had plans for a luxury development with restaurants and high end retailers like Nordstrom and Arizona's first Bloomingdale's. The project came to a halt and went into foreclosure in April of 2010. After a myriad of legal issues, Scanlan Kemper Bard bought the property in April of 2014.
In eight months, several new tenants have been acquired under the new management including Toby Keith's I Love This Bar & Grill as well as two technology companies. Overall, occupancy rates have gone up 11 percent for retail and 3 percent for offices since April.
It seems that City North is making a highly anticipated comeback and we should all keep an eye on what it does with all of its potential.
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