Developer Concord Wilshire Capital announced that it has completed demolition of Metrocenter Mall and Oakwood Homes has been named the exclusive residential builder for The Metropolitan, an $850-million, vibrant, mixed-use destination project. The 64-acre development is set to transform the former site of the Metrocenter Mall into a walkable urban village seamlessly integrating Light Rail with housing, entertainment, dining, and retail.
“We are pleased to announce that we have selected Oakwood Homes, a division of Clayton Homes and a subsidiary of Berkshire Hathaway, as our exclusive residential builder and partner for The Metropolitan project. Their company’s values, extensive resources, design flexibility, and proven ability to efficiently deliver high-quality custom-designed townhomes for The Metropolitan, made Oakwood Homes a natural fit for The Metropolitan, aligning perfectly with our needs and the demands of today’s dynamic housing market,” said Nate Sirang, president of Concord Wilshire.
Construction is scheduled to commence in April of 2026 for three of the five planned residential communities, and in April of 2027 for the retail and remaining two residential communities. Terra Court, which is located near the Light Rail, will feature 144 townhomes at entry-level prices starting in the low $400,000s, 100% of which have already been pre-sold. Luna Villas will offer 314 townhomes at mid-level prices starting in the low $500,000s, 50% of which have already been pre-sold. At the center of the project is a 350-unit wrapped multi-family project called Levante Apartments, which is being built by Concord Wilshire and Hines, which also has been 100% pre-sold. The parking structure will service both the multi-family apartments and retail center.
The construction of the Brava residential community, which offers 290 townhomes, will commence in April of 2027 and will offer premium townhomes at prices starting in the low $600,000s.
“Oakwood Homes is thrilled to partner with the Concord Wilshire in constructing the residential townhome communities at The Metropolitan. The residential communities at The Metropolitan will reflect a distinctive blend of architectural styles of Spanish Colonial and Contemporary Mediterranean modern design elements. We value our partnership with Concord Wilshire and look forward to delivering the finished townhomes at great speed,” said Ryan Smith, chief operating officer of Oakwood Homes.
Diversified Partners, a Scottsdale-based commercial and retail real estate development firm, is the retail developer and is partnering with Concord Wilshire to develop The Loop at The Metropolitan. The Loop is an experience-driven retail village and entertainment district which will feature 116,000 square feet of curated boutique retail, rooftop restaurants and event center, activated park plaza, live music venues, a splash pad, and a weekly farmers market. The retail district will also be integrated with The Track at the Loop, a landscaped pedestrian walkway and multidirectional bike pathway which encircles The Metropolitan and connects residents, visitors, and nearby transit lines.
“The Loop will be where The Metropolitan comes to life,” said Walt Brown Jr., CEO of Diversified Partners. “It’s not just about shopping or dining, it’s about creating a sense of place where people want to be. From rooftop restaurants and park plaza with live music, to curated retail and everyday first-class amenities, The Loop is designed to bring energy and connection to this community every day of the week.”
The project is led by Concord Wilshire, a nationally recognized real estate development firm, in partnership with TLG Investment Partners, a Fort Lauderdale-based real estate investment firm led by Leland Pillsbury and Christopher Nieberding, and CDS International Holdings, a multi-billion family office, led by CEO, Bill Milmoe.
