Mesa also doesn't have property taxes, which makes the units investor friendly. Secondly, consider who moves to Mesa--midwestern Republican retirees. These already don't fit well within the niches that downtowns Phoenix, Tempe, and Scottsdale are beginning to carve out. These units, if marketed right (the developer is from Chicago and reputable which helps) could fill up quickly. A Mesa submarket might just etch itself out for this sort of thing.
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Originally Posted by HooverDam
Maybe if/when MCC becomes a full fledge university, places like this will be in more demand.
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<rant>Oh god, if only. I remember my time at MCC, staring at those blank grassy fields, parking lots, squat dilapidated permanent structures, all compared with the new Biosciences building and just imagining a new and better city if Mesa wasn't the status-quo of public government around here. Our state university system is overflowing and broken--it's ridiculous that the only place for a public business education in the metro is ASU. That monopoly needs to end, and its too bad Phoenix just further entrenched it with the downtown campus. ASU Polytechnic should be its own seperate university, ASU West should probably be the University of Arizona Glendale, etc. Expanding availability of academic programs with regional competition will only make more and better educated students. The fact that there was an opposition to expanding nursing programs of all things at the community college level only shows us how scared the bigwigs are of change. Why? </rant>