16 January 2020

1st Opportunity Zone Project @ Falcon Field OZ Broke-Ground Today > A LOW-INCOME INCOME AREA UPLIFT??

Covering Mesa: 
Falcon Field Hangar Groundbreaking
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Jan 16, 2020
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DETAILS FROM AN EARLIER POST ON THIS BLOG
[This Ground-Breaking was earlier scheduled for Jan 14,2020]

Davcon/Mesa Hangar Development Groundbreaking at Falcon Field Airport

A groundbreaking celebration Jan. 14 will mark the beginning of construction for the Mesa Hangar project at Falcon Field Airport. _______________________________________________________________
Davcon Aviation, LLC and Mesa Hangar, LLC will construct the phased project, which is the first Opportunity Zone project at the Airport. 
  • first phase is expected to be completed by April 2021
  • second phase to be completed by November 2021. 
It is in an Opportunity Zone designated by the U.S. Treasury Department to spur investment. 
Emerging companies as well as investors can participate in the program. 
Tenants may fund improvements or other capital needs in leased space with proceeds from an Opportunity Zone investment. 
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The site is zoned L-1, and the hangars will feature an S-1 occupancy type for possible uses including aircraft storage and maintenance, light aviation manufacturing and assembly, helicopter operations.
The 23-acre, 6-building, $65 million development will include more than 375,000 SF of hangars in addition to ancillary office space, aircraft staging ramp, and vehicle parking areas. Hangars will range from 3,600 square feet to 14,400 square feet with high ceilings and high, wide, motorized doors to accommodate corporate jets and specialized fixed-wing and helicopter uses. Clients can customize their energy-efficient hangars with a menu of energy-saving amenities as well as additional space and power. 
Falcon Field Airport is the hub of Mesa’s Falcon Business District. 
It is in an Opportunity Zone designated by the U.S. Treasury Department to spur investment. 
Emerging companies as well as investors can participate in the program. 
Tenants may fund improvements or other capital needs in leased space with proceeds from an Opportunity Zone investment. 
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Falcon Field Airport is excited to announce that a 23-acre development of large aircraft hangars with office and manufacturing space will offer significant opportunities for new and expanding aviation businesses.
Davcon Aviation, LLC and Mesa Hangar, LLC will construct the phased project on more than one million square feet of vacant City of Mesa-owned land on the northwest side of the airport. 
The project will include more than 340,000 square feet of new, large aircraft hangar space in addition to ancillary office space, aircraft staging ramp, and vehicle parking areas. 
Initial design concepts show hangars ranging from 5,000 square feet to 60,000 square feet with high ceilings and high, wide doors to accommodate corporate jets and specialized fixed-wing and helicopter uses.
To schedule a meeting about pre-leasing and leasing proposed and finished buildings, or for details about the project, contact Larry Brow of Leading Edge Real Estate, LLC, a specialist in aviation properties, at 480-535-4800 or info@edgeaz.com.
For more information about Falcon Field Airport or to schedule an airport tour, visit http://social.mesaaz.gov/wN 
or 
contact Lynn Spencer, Economic Development Project Manager 480-644-4276 or lynn.spencer@mesaaz.gov.

Image may contain: possible text that says 'NEW 23 ACRE DEVELOPMENT 350,000 SF Hangar/Office Facility Greenfield & Mallory Roads Mesa, AZ Falcon Field Airport 5,000 60,000 SF McDowell Road Hangar/Off angar/Office Facilities Clear Height: 20+ Feet 1o Customizable Hangar Doors: Customizable Zoned: LI City of Mesa McKellips Road Lease Price: Google Negotiable For more information about Falcon Field Airport Airport or to schedule an airport tour, Field Field Airport Airport or to schedule an airport tour, contact Lynn Spencer, (480) Lynn.Spencer@MesaAZ.gov'




December 16, 2019 at 12:00 am
The City of Mesa, Arizona, owner and operator of the Falcon Field Airport, has signed a Master Tenant lease with a private developer who proposes to construct a hangar development area commonly referred to as the Davcon/Mesa Hangar Development. 
The Proposed Action would develop approximately 23 acres located in the northwest quadrant of the Airport. The Development would include the construction of aircraft hangarsoffice space, and potential aircraft manufacturing space.