Drive the corner of Carefree Highway and Cave Creek Road today and you'll see the same thing you saw a year ago: chain-link fencing, graded dirt, and a faded rendering sign promising something that hasn't broken ground. It's the most-discussed vacant lot in the Desert Foothills, and it has looked exactly like this for the better part of two years. Every few months someone posts a photo of the fence and asks what happened to the shopping center that was supposed to be there by now.
The project has changed developers and names, and its groundbreaking has been pushed back. Nearby, Creekers has opened, while the Cave Creek Museum is scheduled to reopen and two art festivals are scheduled to return this fall. Here is an update on the project and the other local openings and events.
The retail project at Carefree Highway and Cave Creek Road
The project on that 23-plus acre parcel has gone by "Carefree Quarter" since the Town of Carefree gave it preliminary approval in October 2024. The pitch back then was straightforward: Empire Group of Companies, which has owned the land since 2017, would partner with Diversified Partners to build roughly 120,000 square feet of retail anchored by a PetSmart, with Trader Joe's as the developer's stated top target for a second anchor. The town signed a five-year sales tax incentive agreement tied to the deal, and initial tenants were slated to open by summer 2026.
One year after that signing, the site remained fenced, with no footings, framing, or visible construction. The developer had said groundbreaking was expected in the first half of 2026.
That timeline did not hold. In April 2026, Carefree's economic development director told the town council that Diversified Partners was out, replaced by Scottsdale-based SimonCRE, brought in by property owner Empire Group after what a Phoenix Business Journal report described as an inability to deliver tenants. The project has a new name now too: Craig's Crossing. The new plan, per SimonCRE and its leasing broker Western Retail Advisors, centers on a national grocer currently under lease, a roughly 30,000-square-foot store with a 16,000-square-foot building attached, three additional shops, and eight smaller pad buildings ranging from 1,700 to 4,700 square feet. The estimated construction cost is $60 million. Groundbreaking is now targeted for early 2027, replacing the earlier expectation of groundbreaking in the first half of 2026.
Carefree Mayor John Crane said the town is "excited to be working with SimonCRE" and expressed hope that the project will ultimately deliver a retail center residents can be proud of.
A restaurant opened nearby
According to the Cave Creek, Carefree Independent, Creekers, a new burger joint, started serving in August. The report introduced the team behind it—general manager Robbie Boccelli, front of house manager Caris Kuhn, and chef Ryan Leander—as Cave Creek residents, and described the restaurant as designed to feel as though it had always belonged in town. It quoted the team's stated goal as "familiar food made with care."
Together, the updates show two different stages of local development.
The museum comes back like clockwork
The Cave Creek Museum closes every summer and reopens every October, and this year is no exception: doors open October 1 for the new season. Executive Director JoAnn Stuckey has described the summer closure as anything but a vacation for museum staff, who spend the off-months swapping exhibits and building the next season's programming behind the scenes.
This October's calendar includes something a little different for a small-town history museum: a Haunted History night on October 7, running from 6:40 to 9:30 p.m., with local paranormal investigation team AZ Ghost Adventures leading the event inside a building that includes the last known original Tubercular Cabin in Arizona. It's also the town's 40th anniversary of incorporation this year, which the museum is marking with commemorative t-shirt sales that benefit its programming.
The largely volunteer-run museum has reopened each fall for decades.
Two fall art festivals, two different bets
The area's two long-running fall art festivals both return this year, but they arrived at different answers to the same problem: how much of downtown should a festival shut down to put on a good show.
| Festival | Dates | Location | What changed |
|---|---|---|---|
| Fall Carefree Garden Art Experience (33rd annual) | Nov. 7 to 8 | Carefree Desert Gardens, 101 Easy Street | Moved off downtown streets, no admission fee, only the wine pavilion fenced |
| Sonoran Fine Art & Wine Fall Festival (17th annual) | Oct. 30 to Nov. 1 | Stagecoach Village | Same format, benefits Horses Help charity |
Thunderbird Artists, which has produced the Carefree festival for more than three decades, moved this year's fall event out of downtown streets and into the Carefree Desert Gardens, a four-acre plot anchored by the town's 62-foot sundial. The change followed a request from the Carefree town council to limit full street closures to two per year, and the town council approved the new format at its June 2 meeting. Thunderbird Artists executive director Haley Austin has described the redesign as intentionally open, with only the wine pavilion fenced off, so dog walkers and residents who just want to pass through can do so without buying a ticket. An estimated 80 to 100 vendors are expected across the two days, down from the scale of past downtown street festivals but freed from the logistics of closing Ho Hum and Easy Streets entirely.
A few miles away at Stagecoach Village, the 17th Annual Sonoran Fine Art & Wine Fall Festival keeps its established format over three days at the end of October, with proceeds this year benefiting Horses Help, a therapeutic riding nonprofit. It's a smaller, more contained event by design, set among the western-style shops and courtyards that already define that stretch of Cave Creek Road.
Both festivals are returning this fall with adjusted formats.
What this fall actually tells you
The project at Carefree Highway and Cave Creek Road is now called Craig's Crossing, with groundbreaking targeted for early 2027. There are also restaurant and cultural updates on this fall's calendar. A burger joint opened. The museum is scheduled to reopen, and two festivals are scheduled to return this fall.
These developments offer a snapshot of ongoing change in Cave Creek and Carefree.
If you're weighing a move to this stretch of the Desert Foothills, or thinking about what your own property here is worth in a market that keeps proving its character has little to do with what's still fenced off, the team at Hague Luxury Network knows this corridor block by block, not just by what's promised for it. Request a Confidential Consultation whenever you're ready to talk specifics.
