Stillwater Superstition, a 373-unit multifamily development in the pre-construction phase near the Superstition Springs shopping center in Mesa, took another step forward recently when developer Stillwater Capital Investments officially purchased the site for $11.1M. The sellers were Lamar Companies and GFI-Mesa Investments Ltd.
Stillwater was represented by David Fogler and Steven Nicoluzakis of Cushman & Wakefield.
Stillwater Superstition is one of two projects the company has in process, the second being the 360-unit Biltmore Lakes multifamily development at 2910 E. Camelback Rd in Phoenix.
Stillwater has named MT Builders as the general contractor for the Mesa project. Architectural services are provided by OMNIPLAN.
Planned amenities for Stillwater Superstition include a fitness center, pool and courtyard, cabanas and an off-leash dog park. Construction is planned for completion in 2024.