A mixed-use project is slated for construction on the east side of Mesa at the northwest intersection of Signal Butte Road and U.S. Route 60.
The project will go up within the boundaries of what is known as the Elliot Road Technology Center.
Expected to encompass around 15 acres in all, the project will also include some 95,000 square feet of retail space and a four-story hotel.
Indianapolis-based Thompson Thrift Retail Group, which purchased the property earlier this month for around $4.5 million, is the project developer.
In a statement, Chris Hake, a Thompson Thrift vice-president, remarked that the east Mesa area “continues to see strong growth as evidenced by the more than 800 recently announced residential units that will surround the site.”
Work is expected to begin on the site later this year, with the first phase of the project set for completion early next year. Altogether, Thompson Thrift expects to spend around $28 million to entirely develop the property.
Thompson Thrift focuses on retail and mixed-use projects across the country, with a particular focus on Arizona, as well as states throughout the Midwest and South, among other places.
By Garry Boulard
