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Demolition has begun on what was Phoenix’s top mall, Metrocenter Mall. Concord Wilshire Capital and TLG Investment Partners announced that the Dillard’s and U-Haul Buildings (formerly Macy’s) are to be razed. Additionally the two investors have partnered with Diversified Partners to develop and construct a 140,000-square-foot retail component located at the center of the mixed-use development.