November 5, 2024 2:19 pm
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Mesa to vote on GPLET for new apartments near Fiesta Mall

By Mike Sunnucks | Rose Law Group Reporter

The city of Mesa is considering a Government Property Lease Excise Tax deal for a planned $37.8 million new apartment redevelopment of a shuttered shopping center at Alma School Road and Southern Avenue.

W.R. Grace Companies is redeveloping the property with plans for a 220-unit apartment complex called the Landing at Fiesta Village

The 10.2-acre site is near Fiesta Mall which is also slated for redevelopment.

The Mesa City Council is scheduled to consider a GPLET deal for the apartments and zoning changes for the redevelopment at its meeting on August 26. GPLET deals offer property tax benefits to developers and builders.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.