By Scott Shumaker | East Valley Tribune
Mesa did not have to wait long to see what the newly consolidated ownership of Fiesta Mall wants to do with the long-dormant mall.
Now that it is apparently down to just one owner, plans submitted earlier this month to the city show that Verde Investments propose to level the vacant and graffitied mall buildings and transform the area into a mixed use live-work-play development.
New roadways would be created through the 80-acre site to connect a complex of retail, entertainment, apartments and office space.
The design limits in Verde’s proposal speak to the potential intensity of the new development: A cap of 4,000 residential units on the site and a maximum building height of 120 feet, or about 12 stories.
The basic idea is not unlike what is underway for other mall redevelopment projects in Arizona, including at the former Paradise Valley Mall site, now a mixed-use development called “PV” currently under construction.
A website for PV describes the new development as a “mecca of dining, entertainment and retail experiences.”
