Main Street Station is the cutting edge of re-development in West Mesa as it is the first market rate new housing built along the light rail. Most of the other homes in the area were built in the 60's or 70's or earlier.
The wave had already started, but after the opening of nearby Sloan Park, home of spring training for the Chicago Cubs in 2014, the sale of remodeled homes soared. Appreciation in the area was 10-13% in 2016. The trend continued in 2017. Flippers scrambled to buy existing homes and become the beneficiaries of the brisk sales.
Other investors look to the success of Main Street Station as the harbinger of other new development to come. Research shows that light rail is always accompanied by an economic surge.
As Downtown Mesa expands its already strong presence as a center for the arts and education by such projects as what Habitat Metro — known for Portland Place Condominiums, Portland on the Park and the recently opened FOUND:RE boutique hotel has planned. This 14 or 15-story hotel and apartment complex across the street from the Mesa Arts Center will also feature local artisans and an upscale food court.www.azcentral.com/story/news/local/mesa/2017/07/14/mesa-slated-bring-15-story-apartments-hotel-downtown/461288001/
Main Street Station's Phase 3 will be the perfect bookend. Look for more information to come on the large condominiums facing Main Street to be offered at Main Street Station with office, extra living space, or Airbnb capabilities on the ground level!
Main Street Station's location right on the light rail offers transportation convenience and economy.