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Restaurants and boutique retail slated to replace old Los Olivos car wash

The Corner at Midtown, featuring restaurants and retail, will replace the old Los Olivos car wash.

News

The site of a demolished central Phoenix car wash that closed nearly a decade ago is finally getting new life as a retail and restaurant hub with a downtown feel.Why it matters: The vacant land on the northwest corner of Third Street and McDowell Road is a prime location in a booming central Phoenix neighborhood.

McDonald's teases collab with Devin Booker and Nike

A cryptic Sedona video hints at new turquoise kicks.

In a trippy, cryptic video, McDonald&#x27;s is giving us a preview of an upcoming collab with Suns star Devin Booker and Nike.Zoom in: The <a class="gtmContentClick" data-vars-link-text="iconic turquoise arches" data-vars-click-url="https://www.scenic.org/2025/06/26/sedonas-turquoise-arches-show-how-communities-maintain-control/" data-vars-content-id="d18d724e-9eb5-4365-9252-c35f99bde7a1" data-vars-headline="McDonald&#x27;s teases collab with Devin Booker and Nike" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.scenic.org/2025/06/26/sedonas-turquoise-arches-show-how-communities-maintain-control/" target="_blank">iconic turquoise arches</a> in Sedona — which is one of the few McDonald&#x27;s locations without golden arches — appear to be central to whatever it is the fast-food chain, basketball star and footwear company are cooking up.

"Classic" Pizza Hut is returning to Arizona

Retro Pizza Hut restaurants are planned for southern Arizona amid a nationwide revival.

If you grew up eating at the <a class="gtmContentClick" data-vars-link-text="old-school Pizza Hut restaurants" data-vars-click-url="https://www.axios.com/local/richmond/2026/03/10/pizza-hut-classic-virginia-locations" data-vars-content-id="874df07a-591f-4cb9-96f5-27ef1694a1ad" data-vars-headline="&quot;Classic&quot; Pizza Hut is returning to Arizona" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/richmond/2026/03/10/pizza-hut-classic-virginia-locations" target="_self">old-school Pizza Hut restaurants</a> with the red roofs and classic decor, get ready for a big dose of nostalgia.The big picture: There&#x27;s been a wave of conversions in recent years as owners have gone retro, transforming restaurants back to the &quot;Pizza Hut Classic&quot; version with checkered tablecloths, Tiffany lamps, red cups and other old-school features.

Terrible's gas stations are coming to the Valley

Nevada-based Terrible's is expanding its gas station and convenience store empire to the Valley.

Terrible&#x27;s is bringing its gas stations, convenience stores and unforgettable name to the Valley.The big picture: Terrible&#x27;s — known for decades as Terrible Herbst until a recent name change — is a southern Nevada institution that&#x27;s spread throughout the West.

Planned industrial "mega site" could transform Buckeye

Developers are seeking businesses for an industrial "mega site" that could transform Buckeye.

A massive new manufacturing campus planned for Buckeye could transform the city and the region.Why it matters: Buckeye is already among the <a class="gtmContentClick" data-vars-link-text="fastest growing cities" data-vars-click-url="https://www.axios.com/local/phoenix/2025/03/03/former-farm-town-buckeye-growing-at-a-rapid-pace" data-vars-content-id="8c0b4940-e3be-4f3c-b3aa-ef4908b18985" data-vars-headline="Planned industrial &quot;mega site&quot; could transform Buckeye" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/phoenix/2025/03/03/former-farm-town-buckeye-growing-at-a-rapid-pace" target="_self">fastest growing cities</a> in both Arizona and the U.S., and the Grand View Arizona complex could be an economic game-changer.

Report: Arizona faces long-term shortage of 110,000 homes

Arizona needs 56,000 new housing units now and 110,000 in the longer term, per a new report.

Arizona has a substantial, immediate demand for more housing, and it&#x27;s only going to grow in the next few years.Why it matters: Affordable housing drove massive population growth here for decades, but <a class="gtmContentClick" data-vars-link-text="high prices" data-vars-click-url="https://www.axios.com/local/phoenix/2025/03/13/5-years-later-how-the-pandemic-supercharged-the-housing-market" data-vars-content-id="95816d5c-3c7b-4f86-9363-291e1e39dc97" data-vars-headline="Report: Arizona faces long-term shortage of 110,000 homes" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/phoenix/2025/03/13/5-years-later-how-the-pandemic-supercharged-the-housing-market" target="_self">high prices</a>, <a class="gtmContentClick" data-vars-link-text="high interest rates" data-vars-click-url="https://www.axios.com/2026/01/14/us-housing-market-mortgage-rates" data-vars-content-id="95816d5c-3c7b-4f86-9363-291e1e39dc97" data-vars-headline="Report: Arizona faces long-term shortage of 110,000 homes" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/14/us-housing-market-mortgage-rates" target="_self">high interest rates</a> and a <a class="gtmContentClick" data-vars-link-text="supply crunch" data-vars-click-url="https://www.axios.com/local/phoenix/2024/08/12/charted-phoenix-s-endless-housing-supply-problem" data-vars-content-id="95816d5c-3c7b-4f86-9363-291e1e39dc97" data-vars-headline="Report: Arizona faces long-term shortage of 110,000 homes" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/phoenix/2024/08/12/charted-phoenix-s-endless-housing-supply-problem" target="_self">supply crunch</a> have combined to make housing increasingly inaccessible in recent years.

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In major Arizona metros like Tucson and Phoenix, more than 30% of businesses are family-owned — reflecting a sector that generates more than half of U.S. GDP.The challenge: Less than a third of those businesses will survive into the second generation of family ownership.<ul><li>12% will survive into the third.</li><li>Only 3–5% will make it to four generations.</li></ul>

ASU real estate students create redevelopment plans for Turf Paradise

Turf Paradise is likely to move, and ASU real estate students have plans for what should replace it.

Turf Paradise could be in line for a massive redevelopment project soon, and Arizona State University real estate students have some big ideas about what it should look like.Why it matters: Redevelopment of the 247-acre site could transform that area of north Phoenix.

Neighborhoods push back on Arizona data centers

Neighbors say data center projects bring noise, water strain and a lower quality of life.

In Arizona, one of the <a class="gtmContentClick" data-vars-link-text="nation&#x27;s data center capitals" data-vars-click-url="https://www.axios.com/local/phoenix/2026/04/28/arizona-data-center-hotspot-pew-research-center" data-vars-content-id="76d5bfb9-64c7-4fba-b742-abf0702a0a8c" data-vars-headline="Neighborhoods push back on Arizona data centers" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/phoenix/2026/04/28/arizona-data-center-hotspot-pew-research-center" target="_self">nation&#x27;s data center capitals</a>, neighborhoods have started pushing back against data center projects to little avail.Why it matters: Neighbors say the giant technology centers diminish their quality of life and waste their water, but they face an <a class="gtmContentClick" data-vars-link-text="army of lawyers and lobbyists" data-vars-click-url="https://www.opensecrets.org/news/2025/11/data-centers-are-fueling-the-lobbying-industry-not-just-the-growth-of-ai/" data-vars-content-id="76d5bfb9-64c7-4fba-b742-abf0702a0a8c" data-vars-headline="Neighborhoods push back on Arizona data centers" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.opensecrets.org/news/2025/11/data-centers-are-fueling-the-lobbying-industry-not-just-the-growth-of-ai/" target="_blank">army of lawyers and lobbyists</a> working to push the projects through anyway.

GPEC looks to boost out-of-state perceptions of Arizona

The marketing campaign seeks to shape perceptions of the Valley outside Arizona.

Many non-Arizonans aren&#x27;t very familiar with the Valley, but the Greater Phoenix Economic Council (GPEC) thinks they&#x27;d like us if they got to know us.State of play: GPEC is hoping to raise awareness of the Phoenix area as a destination for businesses and talent with a new campaign featuring the people who know it best.

PV welcomes new restaurants and more at mall redevelopment

PV will be a "dramatically different place" next year with new businesses at the redeveloped mall.

PV is getting more places to eat, stay healthy and have fun as the <a class="gtmContentClick" data-vars-link-text="redevelopment" data-vars-click-url="https://www.abc15.com/entertainment/events/an-insiders-look-at-pv-the-2-billion-redevelopment-of-the-former-paradise-valley-mall" data-vars-content-id="9abf41c8-63cd-47a3-b122-994af8075220" data-vars-headline="PV welcomes new restaurants and more at mall redevelopment" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.abc15.com/entertainment/events/an-insiders-look-at-pv-the-2-billion-redevelopment-of-the-former-paradise-valley-mall" target="_blank">redevelopment</a> of the former Paradise Valley Mall site continues.Why it matters: The bulldozed mall near Cactus Road and Tatum Boulevard is giving way to a massive, mixed-used development that will transform that area of north Phoenix.

Honeywell looks to manufacture jet engines for Navy training in Phoenix

A Navy training program could be a boon to Honeywell jet engine manufacturing in Phoenix.

Honeywell is expanding its Phoenix manufacturing operations to include engines powering the planes that the Navy may soon use to train pilots.The big picture: Honeywell announced Monday that it will begin manufacturing F124 jet engines at its Phoenix Engines campus if the plane it powers is chosen for a Navy training program.

Business 🏦

Terrible's gas stations are coming to the Valley

Restaurants and boutique retail slated to replace old Los Olivos car wash

Planned industrial "mega site" could transform Buckeye

Report: Arizona faces long-term shortage of 110,000 homes

Protect your business with a stronger succession plan