The City of Mesa has approved a landmark plan with Culdesac to transform a long-vacant 27-acre property (Site 17) along the Valley Metro light rail into a walkable, mixed-use community.
Key Details:
- Size & Scope: ~1,000 residential units (townhomes, condos, apartments).
- Retail & Commercial: 25,000–50,000 sq. ft. for shops and local businesses.
- Phase I: ~140 for-sale townhomes and live-work units starting 2027.
- Timeline: Full buildout expected by 2034.
- Design: Car-lite lifestyle, shaded walkways, plazas, bike paths, sustainable building practices.
- Location Perks: Steps from light rail, near Mesa Arts Center, integrated with downtown.
Why It Matters for Investors:
- Fills a 20-year vacant site, adding major housing supply to Downtown Mesa.
- Increases homeownership options (townhomes & condos) in the East Valley.
- New retail and foot traffic to boost surrounding property values.
- Fits broader trends: investors want diverse housing stock, strong tenant demand, and proximity to transit