Phoenix-Mesa Gateway Airport, which recently announced a 44 percent increase in passengers over 2011, was the fastest growing commercial airport in America last year based on passenger percentage growth.
The airport’s fifth expansion will be completed by the Thanksgiving rush and will enable the airport to accommodate more destinations and air carriers. Long-term expansion plans call for a new terminal to be built near its eastern border with links to Ellsworth Road, three Loop 202 interchanges, and the future Gateway Freeway.
This no doubt is welcome news for the Gateway area’s higher-education “knowledge corridor,” that includes Arizona State University’s Polytechnic campus and Chandler-Gilbert Community college, as well as Scottsdale based DMB Associates current nearby Eastmark development, a 3200 acre development on the former GM Desert Proving Grounds in Mesa.
Eastmark will include housing, resorts and commercial space. DMB will begin with 800 homes, but the plan for Eastmark is to grow to 15,000 homes and 20 Million Square feet of commercial space ( that is more commercial space than downtown Phoenix according to Tevor Barger, a consultant to DMB ).
This should also come as welcome news to the developers of the Gateway area, as well as provide investment opportunities of the already existing commercial office and industrial buildings available for sale, for lease as well as commercial land for sale in the Phoenix-Mesa Gateway area.
This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.