By InBusiness Phoenix
Caliber, a vertically-integrated alternative asset manager and fund sponsor, broke ground yesterday for The Commons of Mesa, a 144-unit apartment community located in downtown Mesa will be held on February 23, 2022, at 10 am. The Commons of Mesa will contain 48 one-bedroom units and 96 two-bedroom units. It will be comprised of twelve buildings each with 12 units surrounding a common courtyard.
It is located at 140 W. 2nd Avenue Mesa, AZ 85201 (between S. Robson and South MacDonald). The development sits on a 2.54-acre lot that is walking distance to Mesa’s downtown district.
In 2017, Caliber began acquiring a series of buildings in downtown Mesa, and The Commons of Mesa is the latest addition to the portfolio. “We have a lot of activity going on with our Mesa projects,” says John Hartman, Chief Investment Officer of Caliber. “We are under construction at 114 W. Main Street for a co-working space. Also, we have signed with a distillery company for 155 W. Main Street and we are finalizing leases with a malthouse, a bar arcade and a multi-offering food hall which will have a market hall, restaurants, and bars.” In five other buildings that Caliber owns in downtown Mesa, the company is in late discussions with a number of other retail and restaurant tenants.
