Work could begin sometime next year on a unique new project that will combine residential, retail, office, and green space in the oldest part of downtown Gilbert, Arizona.
If all goes as planned, what is currently a site used for parking on the southwest corner of Gilbert Road and Juniper Avenue will see the building of up to 250 residential units, 100,000 square feet of Class A office space, and even a boutique hotel with 150 rooms.
The project upon completion will be designed to compliment what has become a thriving collection of new restaurant, retail, and office space in Gilbert’s Heritage District.
Members of the Gilbert Town Council have voted to enter into an agreement allowing a group called Heritage North Partners LLC to purchase the town-owned, nine-acre site for $5.3 million.
Public meetings designed to solicit input on the project are expected to be held in the coming months, with the official plans for the mixed-use scheduled to be submitted to the Town of Gilbert in March of next year.
As proposed, the project will also see the construction of two separate, five-story parking facilities, and an interior courtyard with an emphasis on green space.
Designed by the Phoenix-based LGE Design Build, the project, if all goes well, is expected to be completed sometime in late 2021.
Responding to growth that has seen Gilbert’s population jump from just over 100,000 in the year 2000 to more than 242,000 today, town officials have in recent years embraced a comprehensive and so-far successful plan to see bring more businesses into the Heritage District.
Notes the Phoenix Republic: “Nearly all of the temporary parking lots in the district are town-owned land parcels that will someday be developed.”
By Garry Boulard
