Verde Investments, Inc., will take another step in the redevelopment of Mesa’s Fiesta Mall site by beginning demolition of the vacant mall located near Southern Avenue and Alma School Road.
Verde controls the approximately 80-acre site in west Mesa. In early March, the company filed a pre-application with the City outlining its intention to request a zoning change for the site, moving from the Limited Commercial designation to Infill District-2. The new zoning would remain consistent with the Mesa 2040 General Plan while offering Verde and the City the maximum possible flexibility as the redevelopment process evolves.
“For a long time, Fiesta Mall was a gem in the East Valley, which makes today bittersweet,” said David Leibowitz, a spokesman for Verde on this project. “Though it’s early in terms of what comes next, we know this much for certain: We cannot wait to envision and build a new gem for the Valley, a high quality development that combines multifamily housing and a range of commercial options at one of the best locations in metro Phoenix.”
Verde has chosen Nelsen Partners as its architect for the project. Nelsen Partners has led mall redevelopment projects across the Southwest, including the ongoing redevelopment of Paradise Valley Mall. While this project is still being visualized, the redeveloped Fiesta parcel could include up to 4,000 new apartments and homes, plus retail and commercial components with a strong emphasis on quality design and open space.
“This is such a unique project because of its size and the unbelievable potential this land offers,” said Leibowitz. “Eighty-acre parcels that are a blank slate don’t happen often in the Valley. Even as we say goodbye to the old mall, we’re optimistic that we will offer something special for the community and for the partners we intend to attract.”
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