By Mike Sunnucks | Rose Law Group Reporter
The town of Gilbert is considering a $500,000 reimbursement payment to a developer building a new mixed-use project at the north end of the popular Heritage District restaurant row.
The Gilbert Town Council will consider the $500,000 reimbursement to Heritage North Partners LLC for planning and permitting fees the group will pay to develop a 500,000-square foot project near Gilbert Road and Juniper Avenue.
Heritage North Partners LLC is partnership between LGE and DMB Associates. It is buying a 9.1-acre site from the town that is currently part of a surface parking north of the area’s popular bars and restaurants. The purchase price is $4.6 million.
Heritage North Partners is also buying an adjacent parcel to the town site at the northwest corner of Gilbert and Juniper that is now home to Burger King.
The mixed-use development plans call for a 100,000-square-foot office Class A office building, 150-room boutique hotel, 250-unit apartment complex and five-level parking garage.
Heritage North was the town’s preferred bidder for development of the site. Gilbert officials would like to bring other uses to its popular restaurant area which is home to the popular bars and eateries including Pomo Pizzeria, Oregano’s, OHSO Brewery, Barrio Queen and Culinary Dropout.