as a Premier Shopping Destination “Transforming Fiesta Mall into a Premier Shopping Destination”

as a Premier Shopping Destination "Transforming Fiesta Mall into a Premier Shopping Destination"

Phoenix’s once-popular Fiesta Mall, known for its retail and entertainment offerings, has fallen victim to the rise of online shopping and the impact of Covid. However, a new development may bring it back to its former glory.

Verde Investments Inc., based in Tempe, has submitted a rezoning application with Mesa City in hopes of transforming the closed mall into a mixed-use development. The proposed plans include 4,000 apartment units as well as 750,000 square feet of office space and over 1 million square feet for commercial use including a hotel. Additionally, there will be more than half-a-million square feet dedicated to open space.

The project is aptly named “Fiesta Redefined” and could potentially revive this iconic site in Phoenix’s history.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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