Mesa’s Fiesta Mall is set to be redeveloped into a mixed-use development, dubbed Fiesta Redefined, after receiving Mesa City Council approval. The 80-acre site will feature up to 4,000 housing units, 1.85 million square feet of retail and commercial space, and over 500,000 square feet of open, pedestrian-friendly spaces. Verde Investments, led by Carvana’s largest shareholder Ernest Garcia II, is spearheading the project after acquiring the site’s nine parcels. The redevelopment aims to boost Mesa’s economy, create jobs, and address the Valley’s housing shortage. Plans include multifamily housing, restaurants, offices, and recreational amenities, though no timeline has been announced. Fiesta Mall, once a major retail hub since the 1970s, closed by 2019 due to declining foot traffic and began demolition in 2023.
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