By Adrienne St. Clair and Roland Murphy for Arizona Builder’s Exchange
Investment Development Management, LLC (IDM Companies) has submitted a proposal to the Town of Gilbert for a zoning change and plan to build a new multifamily residential community just north of the NWC of Recker and Williams Field Roads.
The Cooley Station area has been awash in new development for some time. Currently, there are two master plans – one for a shopping center and one mixed-use retail/office/residential – and three multifamily projects in various stages of planning or construction.
The new Cooley Station Apartment Homes will have 184 new units spread over 13 two- and three-story buildings. The $15M-$20M development will be built on approx. 8.5 acres.