November 17, 2024 3:59 am
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Developer asks for extension for Heritage District project in Gilbert

By Mike Sunnucks | Rose Law Group Reporter

The Gilbert Town Council will consider extending the closing date for the sale of land for a planned development in its Heritage District area.

Heritage North Partners LLC (LGE and DMB Associates) has plans for a mixed-use development on 9.1 acres at Gilbert Road and Juniper Avenue.

The property is owned by the city and is currently a surface parking lot. The Gilbert Town Council will consider giving the developer until June 22, 2021 with the possibility of another year extension to close on the land.

A number of development deals throughout the Valley and country have seen some delays or extension requests because of the economic impacts of the COVID-19 pandemic.

Heritage North’s plans call for Class A offices, 250 apartments and a 150-room hotel.

The extension is on the Gilbert Town Council’s Oct. 13 agenda.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.