Article originally posted by Easy Valley Tribune on July 20, 2020.
The historic downtown Mesa building previously known as J.J. Newberry’s department store is undergoing restoration and taking on a new purpose. In the 1950s, this building was known as a retail magnet for shoppers. Now, it’s going to be a Launch Pad coworking office.
“Caliber is investing deeply in Mesa and Launch Pad is a significant part of our investment,’’ said Chris Loeffler, CEO and co-founder of Caliber, during the digital announcement, which included U.S. Sen. Martha McSally, R-Ariz., a supporter of Opportunity Zones.
“People are coming back. Our fund is continuing to grow,’’ Loeffler said. “We need to rebuild America. Part of that is bringing money back into cities and communities.’’
An ambitious company focused on creating coworking spaces, Caliber plans to turn the historic Mesa building into a trendy area where young entrepreneurs attracted by the new ASU@citycenter campus will mingle, exchange ideas and launch high-tech startups.
“The possibility here is that we will bring hundreds of new businesses. It would make downtown Mesa a critical mass to grow and grow,’’ said Rodney Riley, Caliber’s vice president for acquisitions.
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