### Developer Duo Invest in SanTan Village Retail Project
Kensington Development Partners and IM Properties have acquired Phase I of a 30-acre infill land parcel in Gilbert, Arizona, for a new retail development, **Signature at SanTan Village**. This retail center will be positioned within the bustling SanTan Village area, known for its shopping, dining, and entertainment options. Whole Foods Market and DICK’S Sporting Goods House of Sport have already committed as anchor tenants.
Once fully developed, Signature at SanTan Village will encompass approximately **300,000 square feet** of retail, grocery, dining, and entertainment space. The project is located at the northwest quadrant of Santan Village Parkway and Williams Field Road, adjacent to the SanTan Village regional mall.
The development is a joint venture with Arizona-based landowners and developers **SanTan Development Group**, with a projected cost of **$145 million**.
Construction on Phase I of Signature at SanTan Village is set to begin immediately. A future **Phase II** will introduce an additional **115,000 square feet** of retail and dining space.
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### Industry Leaders to Gather at Connect Phoenix Multifamily Event
Industry professionals will have the chance to gain insights on tenant relations and revenue optimization at **Connect Phoenix Multifamily, SFR & BTR** on **April 10, 2025**. The event, held at **The Westin Kierland Resort & Spa in Scottsdale**, will feature **Sam Shoen, Vice Chairman of U-Haul Holding Company**, alongside experts from Asset Living, Mark-Taylor Residential, and Moved.
For more details, visit **www.ConnectPHXMF2025.com**.
