Evergreen Development Acquires Eastmark Site for Mixed-Use Development in Mesa

Evergreen DevelopmentNew project will bring 261 apartment homes along with a complementary retail development

Mesa, Ariz. – (September 3, 2026) – Evergreen Development, a regional commercial real estate developer headquartered in Phoenix, has acquired an 11.7-acre parcel north of Signal
Butte and Warner in Mesa’s Eastmark submarket to build a mixed-use community that pairs multifamily housing with new retail. The property was purchased from Brookfield.
The development combines apartment homes with a retail center, reflecting Evergreen’s focus on suburban mixed-use projects that bring housing and everyday services together in
growing communities.

“Suburban mixed-use is an emerging focus for Evergreen,” said Jim Bulsiewicz, Senior Vice President at Evergreen. “Our goal is to thoughtfully integrate residential and retail in a way that strengthens both uses and creates a development that better serves the surrounding community.”

The multifamily portion will include 261 units across nine three-story buildings. Residents will have access to an amenitized clubhouse, a resort-inspired pool, a fitness center, and
outdoor gathering spaces with TVs, BBQ stations, fire pits, and a dog park.

Evergreen plans to break ground in the first quarter of 2027, with lease-up beginning in the second quarter of 2028. This project continues a period of steady growth for Evergreen in the Mesa market. Over the past 12 months, the company has started construction on 482 units across two developments, and this project adds to that pipeline.

“We’re proud of the Safeway-anchored center we developed and leased just south of this site, which has been home to restaurants and businesses enjoyed by the community since 2020,” said Laura Ortiz, President and Managing Principal at Evergreen. “With this adjacent parcel we saw an opportunity to build on that success by adding a residential component and worked in partnership with Brookfield and the City of Mesa to create an integrated mixed-use project.”

The retail portion of the site is planned for an approximately 8,500-square-foot multi-tenant retail building for restaurant and retail uses along with a 2,360-square-foot free-standing
Chipotle with a pick-up Chipotlane. Evergreen has engaged a team led by Regan Amato at JLL to market the retail spaces.

“We’re seeing strong interest from retailers and restaurant operators who recognize the value of being part of a thoughtfully planned mixed-use development. The combination of new residential density, strong surrounding demographics and convenient access creates a compelling opportunity for tenants looking to establish a long-term presence in this growing trade area,” said Regan Amato, Senior Managing Director at JLL.



Tucson Rent Report: September 2026

 

Tucson rents are flat month-over-month and down 0.7% year-over-year

The median rent in Tucson rose by 0.4% over the course of August, and has now decreased by a total of 0.7% over the past 12 months. Tucson’s rent growth over the past year has has outpaced the state average (-2.6%) and is similar to the national average (-0.8%).

Tucson rent growth in 2026 pacing above last year

Eight months into the year, rents in Tucson have risen 3.0%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to August 2025 rents had decreased 0.9%.

August rent growth in Tucson ranked #33 among large U.S. cities

 

Tucson rents went up 0.4% in the past month, compared to the national rate of 0.1%. Among the nation’s 100 largest cities, this ranks #33. Similar monthly rent growth took place in Cincinnati, OH (0.4%) and San Diego, CA (0.4%).

Month-over-Month Rent Growth Among 100 Largest Cities In the U.S.

Tucson is the #97 most expensive large city in the U.S., with a median rent of $1,050

Citywide, the median rent currently stands at $876 for a 1-bedroom apartment and $1,124 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,050. That ranks #97 in the nation, among the country’s 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,221 for a 1-bedroom, $1,376 for a 2-bedroom, and $1,390 overall. The median rent in Tucson is 24.5% lower than the national, and is similar to the prices you would find in Detroit, MI ($1,054) and Cleveland, OH ($1,045).

Median Overall Rent Among 100 Largest Cities In the U.S.

To read the full report go here: Tucson, AZ Rent Report | Apartment List

 



Property management professionals lead the way, inspire others through The Mazzon Foundation

PHOENIX, Ariz. (Sept. 3, 2026) – The Mazzon Foundation held its second scholarship award ceremony recently to celebrate its six newest Mazzon Scholars.

Scholarship winners included Henry Corado, Pauline Swai, Tena Soto, Pedro Cirne Calixto, Nichole Cline, and Grace Portale.

“They have put in the work, they have dedicated their time, they have a tremendous amount of talent and they deserve to be recognized. I will find great joy in watching each of them succeed in their careers,” said The Mazzon Foundation President Daniel Mazzon.

Since May 2026, The Mazzon Foundation has awarded $13,000 and 13 scholarships to property managers, building engineers, maintenance technicians, facilities managers and students to pursue professional designations, licenses, certifications and trade education.

These merit-based scholarships have been awarded to representatives of CBRE, Cushman & Wakefield, Greystar, ViaWest Group, Metro Commercial Properties, Hamilton Property Management, Equus Management Company, Colliers, Allthrive365, Arizona Commercial Management, German International School, and Grand Canyon University.

In addition, The Mazzon Foundation has helped local IREM and IFMA chapters grow their membership roster by paying for eight new members to pursue their designations within their organizations.

“The way for a property management professional to support The Mazzon Foundation is by calling on Mazzon Certified Partners, submit an application, or share our mission with your property management company,” Mazzon said.

The Mazzon Foundation will host its final scholarship award ceremony in December to celebrate all the 2026 Mazzon Scholars.

The Mazzon Foundation is an Arizona-based nonprofit organization that exists to empower the next generation of commercial real estate and multifamily professionals. The Mazzon Foundation provides merit-based scholarships to property managers, building engineers, brokers, trade workers and students to pursue professional licenses, designations, certifications and trade education.

All blind applications are submitted to The Mazzon Foundation board to be reviewed and awarded.

For more information visit www.themazzonfoundation.org, www.mazon.org, or email Mazzon at [email protected].