Downtown Mesa Revitalization Progress Continues With Opening of 2nd Avenue Commons Housing Development
- 2nd Avenue Commons is a welcome addition to Downtown Mesa, creating more opportunities for people to live in the area.
- Mesa is one of the fastest-growing cities in the U.S., with a population increase of 22.5% from 2010 to 2020.
- The growth of Downtown Mesa has accelerated the need for expanded housing solutions to accommodate students, young people, and families moving to the area.
- Caliber's Opportunity Zone Funds have played a key role in developing housing solutions in Downtown Mesa, including the 2nd Avenue Commons and the upcoming ZenniHome units.
- Caliber is developing 10 buildings and approximately 160,000 sq. ft of mixed-use space in Downtown Mesa, contributing to the redevelopment of the area.
- All of Downtown Mesa is located within an opportunity zone, making it an attractive location for additional investment.
- None.
New Complex Brings Attainable Workforce Housing Solutions to a Booming Region of
“The steps we’re taking to revitalize Mesa’s central corridor are bringing a renewed sense of history and character,” said
As Arizona’s third-largest city,
Caliber’s Opportunity Zone Funds have played a key role in developing solutions to this growing need through the acquisition and development of properties like 2nd Avenue Commons as well as an innovative new concept located at 29 West Main Street with 90 ZenniHome units under construction. ZenniHome units offer a viable solution to the housing industry shortage by designing and factory-building their model homes to be easily transported and stack in multi-family configurations.
“The investment in
“Caliber has served as a key partner in the development and launch of the 2nd Avenue Commons property,” said Susan Kauffman, Vice President of Business Development at MEB. “Together, we are bringing exceptional new housing units to
Caliber began acquiring a series of buildings in and around
These projects in
About Caliber
Caliber is a manager and developer of real estate that assists investors seeking access to potentially lucrative investments within Caliber’s target markets. Caliber creates and manages real estate funds that allow investors to participate as partners in multiple real estate investment strategies, including opportunity zone, opportunistic, distressed, value-add, and core plus investing. Caliber is differentiated by its in-house asset services group, which provides Caliber with stronger control of the real estate it manages and allows it to focus on projects between
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
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Caliber:
Victoria Rotondo
+1 480-295-7600
Victoria.Rotondo@caliberco.com
Media Relations:
Kelly McAndrew
Financial Profiles
+1 203-613-1552
KMcAndrew@finprofiles.com
Source: CaliberCos Inc.
FAQ
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