Neighborhood Ventures gets Mesa rezoning approval to convert 120-unit, American Inn & Suites Mesa hotel into apartments at Country Club and Southern

5/29/2024

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Phoenix Business Journal

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• Subcategory: MF: Market Rate

• Tag: Proposed | Rezoning

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Conversion: Hotel-to-Multifamily, Zoning Approved

• Company: Neighborhood Ventures

Neighborhood Ventures, a Phoenix real estate crowdfunding company that specializes in value-add investments, received approval May 20 from Mesa City Council to rezone a 3-acre site home to the former American Inn & Suites on Country Club Road at Southern Avenue. Neighborhood Ventures will convert the hotel to a 120-unit multifamily building called Venture on Country Club.