courtesy of Atlantic Development & Investments
The Algarve Apartments is a “Transit Oriented Design” Development located at 950 W. Main Street, within ½ mile straight line distance to the Alma School Road Light Rail Station, which is part of the currently funded light rail extension through Mesa Drive. The proposed unit mix will cater heavily toward families. Revitalization of this area due to its close proximity to the city downtown core and Light Rail is very important to the long term growth of Mesa.
The acquisition and rehabilitation of Palm Cove I and its transformation into the Algarve Apartments, will result in a deeper targeting of low-income rents, and the reconfiguration of the property into a more competitive housing product that would augment ongoing improvements to this area of the Mesa. The development plan includes the rehabilitation and reconfiguration of the existing 76 dwelling units and common amenities.
Upon completion of the Algarve’s rehabilitation, the property will yield 78 modern energy efficient units, which will be available to low-income families.