INFORMATION PLEASE: To qualify and be eligible as 'Opportunity Zones' OZ certain criteria are required. They sound nothing like the words vibrant and exciting used by city officials to describe what used-to-be the Central Business District before the 1970's: low income, chronically poor, blighted, neglected and under-developed
PRESS RELEASE
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Caliber – The Wealth Development Company, a real estate investment, development and management firm, and project partner, Habitat Metro, have purchased eight downtown buildings for $7.5 million on Main Street in Mesa, Arizona.
(See other posts on this blog for more details)
Caliber’s $7.625 million purchase consists of eight historic buildings along Main Street between Country Club Drive and Center Street.
Investment in, and re-development plans for, the nearly 100,000 square feet of historic urban buildings are important project components to the economic strengthening and downtown transformation efforts of Arizona’s third largest city.
Caliber Development, a subsidiary of Caliber – The Wealth Development Company, will serve as design-general contractor.
Initial concepts for revitalization include, among others, a rooftop restaurant on The Newberry building. According to Roy Bade, Executive Vice President of Commercial Acquisitions and Development, “Caliber is proud to play a part in this important project for the city of Mesa. We’re currently working on restoration plans with prospective new tenants to renew the energy and excitement of these underutilized historic buildings.”
He added, “The retail and commercial concepts under review including restaurants, office space, and family/entertainment venues will bring vitality and support the influx of residents and visitors to the city’s urban core.”
The eight-building acquisition was purchased with the Caliber Diversified Opportunity Fund II, LP (the “Fund”). The Fund offers accredited investors and registered investment advisors (RIAs) direct access to invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation.
(Information from https://www.pehub.com
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Currently, Schrader says there isn’t a whole lot to do in Downtown Mesa. Caliber wants to add options to the area through its redeveloped properties and create a setting where visitors will want to spend an entire day in Downtown Mesa.
Giles says it’s great to see private investment from Caliber that will help further transform the Downtown Mesa area, making it more attractive for future employers and private investment.
Caliber will create these attractive environments as it brings the historic vibe back to Downtown Mesa. All eight of the buildings Caliber purchased were built between 1910 and 1954.
Published on Mar 27, 2017
Views: 11, 763
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Prior to the vote, with former congressman and ASU lobbyist Matt Salmon sitting behind him, Sen. Bob Worsley pleaded with the Council to protect the speculative investments he made in the area based on the ASU scheme.
“My wife and I have been meeting with people all over the Valley,” said Worsley. “Just today my wife met two people who want to invest in Mesa. Last week, we met with wealthy people from Paradise Valley who want to invest in downtown Mesa based on what they hear is happening. Speaking of dollars – hard dollars, we – the group I am invested with – we have invested over $20 million already on a bet that downtown Mesa is ready for what’s next.”
Worsley concluded, “I just wanted to say one thing; we need this investment in ASU. We need this center in downtown Mesa.”
CH Mesa Holdings was registered on June 27, 2017 in Delaware.
Maricopa County Recorder documents shows that CH Mesa Holdings, LLC, a registered limited liability corporation (File Number: 6458344) filed deeds for the following properties:
All of the above properties show a mailing address of 4320 E Brown Road, STE 110, Mesa, AZ 85205.
Lyons Development LLC shares the Brown Road address with CH Mesa Holdings, LLC.
According to the Arizona Corporation Commission, as of 2017, Worsley has been registered as a member of Lyons Development LLC.
Lyons Development LLC registered the following entities in 2017:
Ranch Communities of America, owner of 29 West Main Street, is listed on Worsley’s financial disclosure statement along with CH Mesa Holdings.
[View Worsley 2018 Financial Disclosure Statement]
Michael Maddox on 03/14/2018
PRESS RELEASE
Caliber and Habitat Metro buy eight Arizona buildings for $7.5M
By Iris Dorbian
(See other posts on this blog for more details)
Caliber’s $7.625 million purchase consists of eight historic buildings along Main Street between Country Club Drive and Center Street.
Caliber Development, a subsidiary of Caliber – The Wealth Development Company, will serve as design-general contractor.
Initial concepts for revitalization include, among others, a rooftop restaurant on The Newberry building. According to Roy Bade, Executive Vice President of Commercial Acquisitions and Development, “Caliber is proud to play a part in this important project for the city of Mesa. We’re currently working on restoration plans with prospective new tenants to renew the energy and excitement of these underutilized historic buildings.”
He added, “The retail and commercial concepts under review including restaurants, office space, and family/entertainment venues will bring vitality and support the influx of residents and visitors to the city’s urban core.”
The eight-building acquisition was purchased with the Caliber Diversified Opportunity Fund II, LP (the “Fund”). The Fund offers accredited investors and registered investment advisors (RIAs) direct access to invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation.
(Information from https://www.pehub.com
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Currently, Schrader says there isn’t a whole lot to do in Downtown Mesa. Caliber wants to add options to the area through its redeveloped properties and create a setting where visitors will want to spend an entire day in Downtown Mesa.
“I hope people really fall in love with the community again,” Schrader says. “Mesa has an opportunity to really create a good family setting, somewhere where people will want to raise their kids, will want to spend time and not be so transient anymore.”
Blogger Note: Hmmm... Students are transients
Blogger Note: Hmmm... Students are transients
“By luck and by chance and a lot of hard work, this Downtown Mesa is what people want,” Giles says.
“We set this stage now, for creating this environment people want.”
Blogger Note: Right...huh? Just like he 'set the stage' for this bogus charade and privately-funded $500,000++ bogus Public Relations campaign that turned into a major screw-up radically transforming Downtown Mesa into a satellite ASU campus???
Blogger Note: Right...huh? Just like he 'set the stage' for this bogus charade and privately-funded $500,000++ bogus Public Relations campaign that turned into a major screw-up radically transforming Downtown Mesa into a satellite ASU campus???
Here's the Punchine: Caliber’s developments could also bolster Mesa’s efforts of bringing ASU into Downtown Mesa as well, Giles says.
He says economic developers have to make areas around universities attractive for students, and public investment on things like the light rail and the Mesa Arts Center are one part of that.
He says economic developers have to make areas around universities attractive for students, and public investment on things like the light rail and the Mesa Arts Center are one part of that.
“We also need the business community infrastructure to create an environment that’s welcoming and attractive for people,” Giles says.
The purchased buildings have a lot of character,???
Bade says Caliber is currently working on getting six to eight tenants to move into the buildings, and then another three to six months would be needed for tenant improvements.
“Our goal here is for people to want to stay in downtown,” Bade says. “They don’t want to come here for breakfast or lunch. They want to stay here, live here, make it their home in downtown, versus a place to visit.”
An aerial view shows the buildings that Caliber, The Wealth Development Company purchased and will redevelop in Mesa. They are outlined in red.
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Caliber Diversified Opportunity Fund II, LPPublished on Mar 27, 2017
Views: 11, 763
The Caliber Diversified Opportunity Fund II, LP exists to produce income and capital gains that pass through to investors through purchasing assets or land at potentially attractive prices, developing those assets with in-house expertise, and managing each asset to its full potential. The Caliber Diversified Opportunity Fund II, LP allows investors diversify their investment across multiple properties while also allowing access to assets that are much larger than they could purchase individually.
Website: http://caliberdiversified.com/
Facebook: https://www.facebook.com/CaliberCompa...
Instagram: https://www.instagram.com/calibercomp...
Linkedin: https://www.linkedin.com/company/caliber
Website: http://caliberdiversified.com/
Facebook: https://www.facebook.com/CaliberCompa...
Instagram: https://www.instagram.com/calibercomp...
Linkedin: https://www.linkedin.com/company/caliber
Two announcements from Aug 2017
Phoenix Business Journal-Aug 9, 2017
“We are deeply grateful for the continued support of our investors who we work diligently for to provide the best returns,” said Chris Loeffler, co-founder and CEO of Caliber. “Providing our clients with insider-level access to secure commercial investments that offer superior risk-adjusted returns and growth potential is the ...
AZ Big Media-Aug 8, 2017
Caliber – The Wealth Development Company today announced the launch of a $100 Million real estate fund, the Caliber Diversified Opportunity Fund II, LP (the “Fund”). The Fund will invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current ...
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IN THE MEDIA:
Mar 1, 2018 - Bob Worsley pleaded with the Council to protect the speculative investments he made in the area based on the ASU scheme. .... On the same day as the Council meeting, Caliber Wealth Development Company, “a real estate investment, development and management firm, and project partner, Habitat ...
Mesa’s ASU Project Needed To Make Good On Worsley’s “Bet”
Prior to the vote, with former congressman and ASU lobbyist Matt Salmon sitting behind him, Sen. Bob Worsley pleaded with the Council to protect the speculative investments he made in the area based on the ASU scheme.
__________________________________________________________________________
Worsley concluded, “I just wanted to say one thing; we need this investment in ASU. We need this center in downtown Mesa.”
CH Mesa Holdings was registered on June 27, 2017 in Delaware.
Maricopa County Recorder documents shows that CH Mesa Holdings, LLC, a registered limited liability corporation (File Number: 6458344) filed deeds for the following properties:
| APN | Address | Last Deed Date |
| 138-35-015 | 114 W MAIN ST MESA, AZ 85201 | 10/03/2017 |
| 138-35-016 120 | 120 W MAIN ST MESA, AZ 85201 | 10/03/2017 |
| 138-36-008A | 18 W MAIN ST MESA, AZ 85201 | 10/30/2017 |
| 138-36-012 48 | 48 W MAIN ST MESA, AZ 85201 | 07/19/2017 |
| 138-42-022 155 | 155 W MAIN ST MESA, AZ 85201 | 07/07/2017 |
| 138-42-030 | 137 W MAIN ST MESA, AZ 85201 | 12/12/2017 |
| 138-55-004 | 202 W MAIN ST MESA, AZ 85201 | 10/03/2017 |
| 138-55-009 | 206 W MAIN ST MESA, AZ 85201 | 10/03/2017 |
Lyons Development LLC shares the Brown Road address with CH Mesa Holdings, LLC.
According to the Arizona Corporation Commission, as of 2017, Worsley has been registered as a member of Lyons Development LLC.
Lyons Development LLC registered the following entities in 2017:
| L21665169 | LYONS DEVELOPMENT LLC | MESA 114 W MAIN LLC |
| L21757686 | LYONS DEVELOPMENT LLC | MESA 137 W MAIN LLC |
| L21853908 | LYONS DEVELOPMENT LLC | MESA 48 W MAIN LLC |
| L21638767 | LYONS DEVELOPMENT LLC | MESA 155 W MAIN LLC |
| L21657535 | LYONS DEVELOPMENT LLC | MESA 18 W MAIN LLC |
[View Worsley 2018 Financial Disclosure Statement]
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Revitalization efforts in downtown Mesa
A real-estate investment firm has bought eight historic buildings in downtown Mesa along Main Street with plans to redevelop nearly 100,000 square feet. Caliber: The Wealth Development Company, along with developer Habitat Metro, purchased the eight buildings between Center Street and Country Club Road for $7.5 million, according to a press release. State Sen. Bob Worsley is also involved, his office confirmed. The firm is considering redeveloping the buildings into a mix of restaurants, office space and entertainment venues.
February 26, 2018
PE Hub (blog)-Feb 26, 2018
(BUSINESS WIRE)–Caliber – The Wealth Development Company, a real estate investment, development and management firm, and project partner, Habitat Metro, have purchased eight downtown buildings for $7.5 million on Main Street in Mesa, Arizona. Investment in, and re-development plans for, the ...
AZ Big Media-Feb 26, 2018
Jesse A Millard
Above: Timothy Sprague, managing member of Habitat Metro; Jennifer Schrader, president and co-founder of Caliber, The Wealth Development Company; Mesa Mayor John Giles; and Roy Bade, executive vice president of commercial acquisitions Caliber, stand on Main Street is the soon-to-be-revitalized Downtown Mesa.
Phoenix Business Journal-Feb 26, 2018
Eight buildings in downtown Mesa were purchased for $7.5 million by real estate investment firm Caliber - the Wealth Development Co. and infill developer Habitat Metro as they plan redevelopment efforts. The deals could bring new restaurants and office space to Mesa's Main Street. The properties all are along Main ...
Feb 28, 2018
AZCentral.com-Feb 28, 2018
Caliber: The Wealth Development Company, along with developer Habitat Metro, purchased the eight buildings between Center Street and Country Club Road for $7.5 million, ... Downtown Mesa is in the midst of unprecedented planned development as city leaders look to mold the area into a hotbed for tech startups.
Commercial Property Executive-Feb 28, 2018
Caliber – The Wealth Development Co., has teamed up with Habitat Metro to acquire eight downtown buildings, totaling approximately 100,000 square feet in Mesa, Ariz., for $7.5 million. The historic urban buildings will become part of the revitalization of downtown Mesa. Caliber will serve as the design-general contractor
March 23, 2018
East Valley Tribune-Mar 23, 2018
Despite locking down an anchor tenant in ASU less than a week ago, Mesa's plan to revitalize its downtown is already making strides as a major developer recently made a significant investment in eight buildings in the area. Caliber, The Wealth Development Company purchased eight buildings comprising nearly 100,000
Student housing
AZ Big Media-Nov 15, 2017
Real estate investment firm Caliber – The Wealth Development Company along with its vertically integrated subsidiaries Caliber Development and Caliber Realty and Property Management, today announced pre-leasing is underway for GC Square Apartments, a completely renovated off-campus apartment community ...
June 2016
AZ Big Media-Jun 3, 2016
“Caliber clients are extremely excited about the acquisition of the Fiesta Tech Center because of cash flow it adds to their portfolios,” said Zach Fuller, senior vice president of Investment Services of Caliber The Wealth Development Company. “The property needs little to no renovation and is in an optimal location for leasing ...
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