Progress has not slowed on a high-end condominium project that's expected to help transform the Fiesta Mall area into a destination for young business professionals. Aquaterra is viewed as a major catalyst to the revitalization of the Fiesta district as an urban village.

Plans for Aquaterra include a 6-story condo complex with 430 units, a plaza with shopping, dining and services, and a 132-key Starwood Hotels brand midlevel hotel, built in three phases.

Cathy Ji, a Mesa economic development specialist said, "It's a nice, urban, mixed-use project that really helps speed transformation in that area. When you drive by, you're going to know that you're in the Fiesta district because it's such a unique design and a unique concept for the area."

According to Thomas Roszak, president of Aquaterra's developer, Roszak/ADC, construction on the condos is expected to begin in spring/summer 2009 in two phases, and overall construction should be completed in about three years.

The condos will range in price from the $190,000s to the $900,000s.

Story courtesy of the East Valley Tribune.