This is an interesting article I saw posted in the Market Urbanism Facebook group. It's national in scope, but the development mentioned in the lead paragraph is the Newton here in Phoenix.
"Not long after he leased out the shell of a once-iconic Phoenix steakhouse, developer Lorenzo Perez got an email from a broker. He learned that the new space, now home to an award-winning restaurant, a small garden store, and an independent bookshop, was worth about $195 a square foot. Nearby retail properties, the broker said, were being valued at 25 percent more."
http://www.bloomberg.com/news/articl...ning-your-city