Photo via CaliberCos. Inc
(Disclosure: Rose Law Group represents CaliberCos.)
By InBusiness Phoenix
CaliberCos Inc., a manager of real estate investments and developments, is accelerating the growth of a variety of housing solutions in the booming Downtown Mesa, Arizona, area. On Monday, October 16, Caliber executives alongside Mesa Mayor John Giles and Councilmember Jenn Duff, oversaw a ribbon-cutting ceremony for the 2nd Avenue Commons at 140 W 2nd Avenue. The Commons is a 144-unit workforce housing complex, consisting of 12 three-story buildings, which collectively house 48 one-bedroom units and 96 two-bedroom units. Caliber has co-developed the property alongside Cardinal Capital Management and MEB Management Services is managing the leasing of units.
“The steps we’re taking to revitalize Mesa’s central corridor are bringing a renewed sense of history and character,” said Mesa Mayor John Giles. “2nd Avenue Commons is a welcome addition, creating more opportunities for people to live in our downtown. We appreciate Caliber’s investment and commitment to Mesa.”
As Arizona’s third-largest city, Mesa ranks as one of the best places to live, known for its charm, diversity and affordable high standard of living. Mesa is the 34th largest city in the U.S. and one of the fastest growing with its population increasing by 22.5% from 2010 to 2020. Downtown Mesa has experienced a renaissance in the past few years with the introduction of light rail service, redevelopment of its historic core, and the new Arizona State University Campus at Mesa City Center. This growth has accelerated the need for expanded housing solutions to accommodate students, young people, and families moving to the area.
