The City of Mesa signed a ground lease with Commonwealth Development to deliver 62 affordable senior housing units at 37 W. University Dr. AZBEX reports the developer has an option to purchase the property after year 25. The project is expected to cost $18 million to build. Called The Helix, units will be targeted toward seniors earning between 30% and 60% of the Area Median Income. Units at Helix Apartments will be available in one- or two-bedr…
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