For most of the time you've lived here, Five North at Vistancia has been a name on a marketing board and a shape on a site map. Ask anyone who moved into Trilogy, Blackstone, Northpointe or the Village more than a couple of years ago and they'll tell you the same thing: there was always a "someday" mixed-use core planned north of the golf course, always a rendering of a walkable main street, and always a reason it hadn't broken ground yet.
That changed on July 28, when Vistancia Development LLC signed a contract with Scottsdale-based Lyfe Companies to build the first phase of Five North's restaurant and retail corridor. It's a small detail with a big implication: a project that has existed as a concept since planning work began around 2020 finally has a company, an acreage figure and a construction timeline attached to it. That's the actual story this fall, and it's worth understanding before the first tenant sign goes up, because the signing changes what you should expect to see happening around the 303 and Lone Mountain Parkway over the next year or two.
What actually got signed, and what it doesn't include yet
The deal covers 9.65 acres inside the planned 320-acre commercial core, and it's specifically for the main street retail and restaurant district, not the office, healthcare, hospitality or residential components that are also part of the Five North master plan. Lyfe Companies has a track record of building neighborhood-scale dining and retail destinations, and it's partnering with Amy Malloy of Phoenix-based Evolve Ventures as project manager, a name worth noting because her résumé includes retail development work at Scottsdale Fashion Square, Kierland Commons, Biltmore Fashion Park and Arrowhead Towne Center. Casey Treadwell's team, which has been part of Five North's planning since 2020, is also staying involved, which is the kind of continuity detail that matters when a project has taken this long to get off paper.
Here's the part that separates this announcement from every prior mention of Five North: no specific restaurants or retailers have been named yet. What's been announced is the developer and the acreage, not the tenant list. If you see a headline promising a particular restaurant chain or brand at Five North before Lyfe Companies makes its own announcement, treat it as speculation.
Why the park matters more than the press release
Announcements are cheap. Concrete is not. The most useful signal that Five North has moved from concept to construction isn't the Lyfe Companies contract itself, it's the fact that a 14-acre City of Peoria community park inside Five North is already under construction, with multi-purpose fields, baseball and softball fields, basketball courts, ramadas and a play system taking shape. Public infrastructure projects like city parks don't get built speculatively. Peoria committing real dirt work to a park inside Five North is a stronger tell that the district is actually happening than any quote in a press release.
There's also a connective detail that ties this back to something you already use every week. The plan for Five North includes an extension of Vistancia's signature Discovery Trail, the same paved path that already loops through Trilogy, the Village and the rest of the community, running past Solar Garden, Cottonwood Park and Riverwalk Park. Five North isn't being built as a separate destination you'll have to drive to. It's being built as an extension of the trail system you're probably already walking or biking most mornings.
A quick way to see how far this has actually come:
| Milestone | Status as of this fall |
|---|---|
| Five North planning and site design | Underway since roughly 2020 |
| 320-acre commercial core, up to 1,900 residential units planned | Long-range master plan, not yet under construction |
| 14-acre City of Peoria community park | Under construction now |
| Main street retail/restaurant developer (Lyfe Companies) | Contracted July 28, 2026, for 9.65 acres |
| Named restaurants or retailers | Not yet announced |
What's already open while Five North catches up
None of this means the neighborhood has been waiting around with nothing to do. Trilogy's existing dining and social infrastructure has been running for years and isn't going anywhere once Five North opens. V's Taproom, the all-day restaurant on the golf course side of the community, serves gourmet burgers, wood-fired pizzas and a rotating beer list from a patio that looks out over the fairways, and it picked up OpenTable's Diners' Choice recognition back in 2020 for categories ranging from best food to best neighborhood gem in the West Valley.
The two resort clubs cover most of the rest of daily life inside the gates. Kiva Club, the original 35,000-square-foot clubhouse, has an indoor Olympic-style pool, an outdoor resort pool, four lighted tennis courts, the Alvea Spa and Café Solaz. Mita Club, over in Trilogy West, adds its own pool, a movement studio, an Art Studio and Culinary Studio, bocce and tennis courts, plus two more places to eat: Four Sages for a sit-down meal and The Shallow Well for something more casual, with The Marketplace handling coffee and lunch in between. If you're a wine drinker, the Trilogy Wine Club runs monthly tastings in the Tewa Room at Kiva Club along with home socials and off-site restaurant nights, all separate from anything Five North will eventually add.
The Artwalk still happens, contract or no contract
One thing that doesn't depend on Lyfe Companies, city permits or anyone's construction schedule is the Fall Artwalk, a tradition inside Trilogy's gates that's been running for more than fifteen years. It's a bi-annual, no-admission art show that spreads across the Mita Club Studio and breezeway plus roughly 30 home studios set up in courtyards, garages and larger spaces throughout the community, organized through the Trilogy Artisans League. It's the kind of event that reminds you the neighborhood's social calendar was never waiting on a shopping district to have something to do this season.
A few things worth knowing if you haven't been to one:
- It runs across two days, indoors and outdoors, so plan for a mix of studio visits and open-air browsing.
- Maps of participating home studios are typically made available shortly before the event through the Trilogy Artisans League.
- There's no cost to attend, which keeps it feeling like a neighborhood event rather than a ticketed show.
The trail resets when the weather does
The other seasonal shift worth tracking has nothing to do with Five North at all. The Discovery Trail, the 3.5-mile paved private path that ties the whole community together, gets noticeably more use once the mornings cool off. It's residents and guests only, which keeps it quieter than the public trail system elsewhere in Peoria, and it's built for walking, running and biking rather than technical hiking, with fitness stations, ramadas and playgrounds along the way. If you've been avoiding it since June, this is the stretch of the year, roughly September through November, when it's worth putting back into your routine before the holidays crowd the calendar.
What this actually means for the next year
The honest read on Five North is that this summer's news is a real milestone, not a finish line. A signed contract for 9.65 acres and a park under construction are meaningfully different from a rendering, but they're still a phase one, not a grand opening. The realistic expectation is that groundbreaking on the actual retail and restaurant buildings, followed by tenant announcements, will play out over the next couple of years rather than the next couple of months. In the meantime, the neighborhood's daily rhythm, the Artwalk, the trail, the two clubs and V's Taproom, keeps running exactly as it has.
If you're the kind of resident who likes knowing what's actually happening around here versus what's just been announced, that's the kind of distinction I try to track closely for this community. If you ever want a straight, local read on anything changing near Vistancia, or you're weighing options for a home here down the road, Suzanne Ross is always happy to talk. Let's Connect.
