The site of a one-time Kmart building in Mesa, Arizona may see new life as a large apartment complex with nearly 400 units.
The Dallas-based Stillwater Capital LLC is proposing to demolish the 115,000 square foot store located near the intersection of S. Power Road and Hampton Avenue.
Site demolition would also include doing away with a separate 64,500 square foot structure, and several other smaller buildings.
Once the site is cleared, work could begin on what is being called the Stillwater Superstition residential community.
As envisioned, the project will see the construction of one 4-story building, and three 3-story buildings housing the residential units, as well as a clubhouse, fitness center, and leasing office.
Additional amenities are expected to include a swimming pool and spa, as well as a dog park.
The project has received the approval of the Mesa Planning and Zoning Board, and is now being reviewed by the Mesa City Council.
The Kmart store was one of several hundred nationwide closed by its parent, the Sears Holding Corporation, in 2017.
The store was built in 1994 during the height of Kmart’s retail dominance when it operated more than 2,300 stores nationally.
Stillwater Capital specializes in developing multi-family communities and mixed-use projects, primarily in Texas.
By Garry Boulard