November 23, 2024 10:44 pm
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Gilbert approves $500,000 reimbursement for Heritage District development

Gilbert town hall / File photo

By Mike Sunnucks | Rose Law Group Reporter

The Gilbert Town Council has approved a $500,000 reimbursement for a developer building a mixed-use project in the popular Heritage District.

The Council approved a reimbursement up to $500,000 for Heritage North Partners LLC for permitting and planning fees the group will pay to develop Class A office space, a 150-room hotel, 250 apartments and a parking garage at 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 sale 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 a Burger King restaurant.

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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.