5 Story MultiFamily/Retail Project

Highlights

• 21 Luxury Apartments
• 8 Street Retail Spaces
• Elevators
• Faces Light Rail
• Survey Available

Description

Conceptual Site Plan:
New MultiFamily/Retail development project for a Developer to acquire, as follows:

First Floor: 8 Retail Stores and covered parking with nice garden set backs and landscaping
Second Floor: Additional parking area Total of 51 parking spaces on first and second floor
Third Floor: 8 Condominiums: 4 two bedrooms and two bathrooms 4 two bedrooms and one bathroom
Fourth Floor: 8 Condominiums: 4 two bedrooms and two bathrooms 4 two bedrooms and one bathroom
Fifth Floor: 5 Condominiums and Amenity area: 3 two bedrooms and two bathrooms 2 two bedrooms and one bathroom

Phoenix location characteristics
Subject Property Location
The subject property is located at 2130-2144 W Main Street in the City of Mesa, Maricopa County, Arizona. The subject property is West the City Center on Main Street and is in a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along Main Street. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail extension. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, which generally allows up to 5 stories in new construction along the light rail corridor. Arizona State University, St. Benedictine, Wilkes Universities are located in the downtown area.

Metro Phoenix Location
The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. Phoenix is the 6th largest city in the United States and is the financial, commercial cultural, entertainment and government center of Arizona. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.