Arizona Commercial Real Estate
May 18, 2012
The ceremony, held near the intersection of Ray and Ellsworth roads in Mesa, was attended by about 50 people, including partners, DMB Associates executives and East Valley leaders, including Mesa Mayor Scott Smith and Councilman Scott Somers.
“This is not only the start of a community, but decades of meaningful development,” said Dea McDonald, DMB senior vice president and Eastmark general manager. “Today’s event represents the culmination of years of planning and preparation for the property, which spans five square miles.
“For years, DMB has been reclaiming and recycling materials from the former proving grounds, including miles of track and tons of building materials. Now, we’re building Eastmark’s community infrastructure – the streets, utilities and early amenities to prepare for future businesses and the homebuilders who will debut their newest homes at Eastmark early next year.”
Added DMB President Charley Freericks: “The groundbreaking of our first phase is an important milestone for DMB and a positive indicator for Arizona’s recovering real estate market. The sounds of construction equipment signifies the start of the new heart and hub of the East Valley.