Mixed-Use Residential
Six-story / ±96–102K SF mixed-use building over multi-tenant ground-floor F&B (~8,000 SF) and a 30-stall structured parking podium. Boutique option: 30–36 luxury units across three residential floors with a rooftop bar/restaurant (~5,000 SF). Market-rate option: 56–72 units across four floors. Highest GBA / highest yield play on this parcel. All figures contingent on FBC opt-in + T6MS transect confirmation.
- Use
- Mixed-Use Residential
- Stories
- 6
- Option 1 units
- 30–36 boutique (~1,200 SF avg)
- Option 2 units
- 56–72 market-rate (750–1,100 SF)
- Residential floors
- L3–L5 boutique / L3–L6 mkt
- Construction
- IIIA over IA podium
- Cost range
- $40–55M*
- Zoning path
- DC + FBC opt-in · T6MS (confirm)
- Time to open
- 36–42 months
Design study
Activated ground-floor F&B, sun-shaded perforated façade, and a rooftop terrace deck reading as a planted lantern at street level.
Capital positioning
Highest GBA / highest yield play — best suits a multifamily capital partner with a long hold horizon.
Adds 30–36 (or 56–72) households to the downtown transit corridor — directly advances Mesa GP 2040 housing + TOD goals.
Rooftop bar/restaurant differentiates the asset from competitive multifamily product and underwrites premium rents on top floors.
~30–50 permanent FTE · ~240–440 construction jobs · ~$200K–$400K annual Mesa TPT from F&B + rooftop amenity.