Gilbert approves DDA with Heritage North Partners to develop 9.1-acre site

WCN Editorial Team 22 May 2019 NORTH AMERICA BUILDINGS

The Gilbert Town Council has approved a development and disposition agreement (DDA) with Heritage North Partners for the development of a 9.1-acre site with a mixed use project in Gilbert, Arizona, US.

Located south of Juniper Avenue, west of Gilbert Road, in Heritage District, the project will be part of the Heritage District’s Redevelopment Plan and will include a minimum of 500,000ft² of space.

The mixed use project will include retail, hotel, Class A office, multifamily housing, an urban park, the north component of the paseo and structured parking.

The DDA offers district arrival signage at the northeast end of the Heritage District, a $350,000 contribution to the Town of Gilbert for improvements to the Heritage District, which can integrate the project to the western powerline trail. The certificate of occupancy anticipated between second and fourth quarter of 2021.

Gilbert Mayor Jenn Daniels said: “We are thrilled to be working with Heritage North Partners on the development of this important site.

“We’ve seen a tremendous amount of growth in the Heritage District and have received a great deal of citizen input on its future and it’s exciting to see that this will enhance the entire community.”

The site’s development planning started last January, when the Gilbert Town Council directed staff to release the public request for qualifications (RFQ). The RFQ opened last March and developer interviews were held last August.

Firms were shortlisted and were asked to submit requests for proposal (RFP) in October. The three finalist firms participated in a working session with the selection panel. After the working sessions, the Gilbert Town Council entered into negotiations with Heritage North Partners.

Gilbert economic development director Dan Henderson said: “We look forward to working with Heritage North Partners to attract office, retail, community life, and hospitality to the Heritage District, diversifying the development mix and enhancing the visitor experience.”

Heritage North Partners will have to close on the property no later than nine months after the opening of escrow, however, closing could be extended by up to four months subject to extension payments.

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Image: Artist’s design of the new mixed used project in Heritage District in Gilbert. Photo: Courtesy of Gilbert Town Council.

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