After roughly two decades of starts and stops, a Nov. 26 development agreement approved by Mesa City Council could kick off the most ambitious plan yet for the 80-acre site of the former Fiesta Mall at Southern Avenue and Alma School Road.
While the area around the former mall has seen significant private and public investment over the last decade, a definitive solution for the core site has remained elusive. Plans have ranged from a medical education and associated campus to a mixed-use master development with multifamily, commercial and flex-office uses. (AZBEX; March 20, 2023)
Current owner Verde Investments achieved what other developers eyeing the property could not and, over time, acquired all the parcels on the site from an assortment of different owners, creating an infill master plan called Fiesta Redefined. It demolished existing buildings on the site last July and successfully secured rezoning for mixed-use last December…