CORONADO 16 | CENTRAL PHOENIX NEIGHBORHOOD SHOPPING CENTER WITH MIDCENTURY MODERN CHARM
Built in 1957, Coronado 16 was renovated in 2018 by MODE, a Valley real estate developer specializing in revitalizing properties in the mature neighborhoods of Central Phoenix. Coronado 16 combines mid-century modern charm and urban art with a great mix of local, regional and national retailers and restaurants, including: Berry Divine Acai Bowls, S P A C E Yoga, Cricket Wireless, Rosana’s Salon, Deportes America Soccer Shop. Coronado 16 is located in Phoenix’s downtown-midtown-uptown urban core, near Phoenix Children’s Hospital, Abrazo Arizona Heart Institute, Abrazo Arizona Heart Hospital, Banner – University Medical Center Phoenix, Barrow Neurological Institute, Carl T. Hayden VA Medical Center, Phoenix Indian Medical Center and St. Joseph’s Hospital and Medical Center. The property is situated in a commercial area adjacent to Barrio Cafe and the Coronado Historic District, west of the SR-51 Piestewa Freeway, just south of the southwest corner of 16th Street and Thomas Road in Central Phoenix. Available parking allows up to 72 cars (14 spaces onsite, 58 spaces adjacent lot). Disclosure: Owner/Agent.
The construction plan included a full remodel of the existing neighborhood shopping center, while protecting the urban art murals and keeping the spirit of the original mid-century modern architecture. The revitalization project focused on activating the street by utilizing welcoming entries that open to 16th Street and creating private patios and outdoor shaded areas.
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VESTIS GROUP | PHOENIX ARIZONA COMMERCIAL REAL ESTATE INVESTMENTS
Vestis Group | Vestis Capital LLC is a real estate firm focused on Multi Family Residential Investment. We invest our clients’ capital together with our own to take advantage of opportunities with attractive risk-return attributes and an expectation of above-market returns. These goals are achieved through stringent underwriting practices and proactive property and asset management.
Through our extensive knowledge of the Phoenix multi-family residential real estate market, we can identify early trends, which provide insight into our pursuit of investment opportunities. Vestis Group’s principals have a thorough knowledge of the housing industry.
We have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes, and home sites. Vestis Group principals and affiliates also have extensive experience constructing, improving, renovating, owning and operating residential and commercial properties. Our expertise in management, finance and construction is the backbone supporting every investment opportunity we identify.