The Planning and Zoning Board of Mesa has recommended the approval of a rezoning request for approximately 80 acres that were previously occupied by Fiesta Mall. Verde Investments, owned by Valley businessman Ernest Garcia II, plans to transform the site into a mixed-use development called Fiesta Redefined.
Verde’s vision for Fiesta Redefined includes up to 4,000 residential units and up to 1.1 million square feet of nonresidential development. The project will also feature a “village green” open space with benches, shade structures, and trees.
According to the Phoenix Business Journal, if approved by the Mesa City Council in the next few months, Verde will begin seeking project partners who will determine the construction timeline.
Fiesta Mall faced challenges like many other malls and eventually closed all its stores in 2019. However,the repositioning plan for Fiesta Mall is now taking shape under Verde’s ownership.
