Posted Oct 17, 2023, 11:56 PM
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Join Date: Jan 2013
Posts: 2,500
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Arizona's Verde Investments looks to 'redefine' the old Fiesta Mall site in Mesa
Anyone have access to the project documents? Renderings?
https://www.bizjournals.com/phoenix/news...stments-reimagined-fiesta-mall-mesa.html
Quote:
The site of a once-iconic mall could be rebooted as a major gathering point in the East Valley once again.
Verde Investments Inc. proposes to do just that at the site of the closed — and mostly demolished — Fiesta Mall in Mesa. The Tempe-based company filed a rezoning application with the city of Mesa to shift the zoning from Limited Commercial to Infill District-2 which would make way for a mixed-use development.
Verde — which is owned by Valley businessman Ernest Garcia II, the biggest shareholder of Tempe online vehicle retailer Carvana Co. and wealthiest person in the state — controls the 80-acre site.
In March, Verde filed pre-submittal documents to the city of Mesa that loosely outlined how it would redevelop the parcel on the southwest corner of Southern Avenue and Alma School Road, directly off the U.S. 60 freeway. The proposal included turning the site into new retail, up to 4,000 multifamily units, flex office and open green space.
Verde on Oct. 16 filed new project documents that outlined more specifics. Verde proposed building up to 4,000 apartment units but also up to 750,000 square feet of office space; 1.1 million square feet for commercial use including a hotel; and more than 520,000 square feet of open space.
Those proposed plans come with a new project name: Fiesta Redefined.
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