Just 9 hours ago, The Arizona Republic published online that one of Mesa's historic properties that began as a Mormon meeting house, then an insurance office, then a college campus, and then a restaurant for the last forty years - great history of "adaptive re-use" Huh? . . . It has been sold for $975,000, according to the report http://www.azcentral.com/story/news/local/mesa/2015/05/20/historic-landmark-restaurant-closing-mesa/27651717/
Perhaps the first sign of escalating property values along the Light Rail Central Mesa Extension Project?
Are the new owners - a catering company moving into a small downtown area that already has 12 long-established catering establishments - banking on "flipping" this?
The article is a very nice reporting about the current owners with details over the years and their reasons for selling the business and the property. Please take the time to hover over the link to get redirected to the whole post.
It was purchased by Aldea Catering in Peoria.
Just what downtown Mesa needs - another location for catering - there are already 12!
The source of that information comes from a talk a couple of months ago with Ray Hart, owner-operator with his wife Michele, of another historic property on the National Register built by one of the early Mormon pioneer families here in Mesa: the James A. Macdonald House Antique Wedding House . . .
What's the context? Read more >>>
