

The mall opened with three anchor tenants, JCPenney occupying the West anchor space, Goldwater's (later Robinsons-May and then Macy's, then vacant) occupying the center space and Diamond's (later Dillard's, and later Sears, now demolished) occupying the Eastern space. The mall opened in 1978 however, the opening ceremony was held on February 28, 1979. The mall closed on March 31, 2021, Demolition began on July 7, 2021. This street design was inspired by the Metrocenter Parkway circular street around Metrocenter Mall, which was also developed by Westcor in the years prior (1970–1973). The mall, developed by Westcor, is surrounded by a circular street named Paradise Village Parkway. On April 8, 2021, Macerich sold the mall to Phoenix-based RED Development. Demolition of the indoor mall portion started in July 2021. The former owner, Macerich, has rezoned the land for mixed use.

There were 3 vacant anchor stores that were once Sears, Dillard's, and Macy's. The last remaining anchor stores were JCPenney and Costco.

Paradise Valley Mall was a shopping mall located in Phoenix, Arizona, United States.
