Tag Archives: Heritage Marketplace

Courtesy of LGE Design Build

Heritage Marketplace enters phase two

LGE Design Build is starting the construction of the second phase of Heritage Marketplace with rapid leasing momentum.

Courtesy of LGE Design Build

Courtesy of LGE Design Build

Phase 2, slated to begin construction in late June with a December completion, is already experiencing strong pre-leasing activity. Phase 1 is complete and 100 percent leased for retail and restaurant spaces.

An integral part of Gilbert’s historic Heritage District, Heritage Marketplace is a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert located on the northwest corner of Gilbert Road and Vaughn Avenue.

“Heritage Marketplace and its tenants have increased the energy of the Heritage District and further solidified the District’s place as one of the best places to dine in the Phoenix Metropolitan area,” said Scott Powell, economic development administrator for the Town of Gilbert.

The second phase includes two buildings totaling 32KSF with ground floor restaurant and retail space, and second floor office space. The north building is about 10KSF and the south building is about 22KSF.

Heritage 2nd Floor Interiors 309 HDR no logo

Courtesy of LGE Design Build

In Phase 1, LGE has completed 31,000 square feet of a dynamic mixed-use office/retail/restaurant project. Tenants include Lo-Lo’s Chicken & Waffles, Pomo Pizzeria, Barrio Queen, Zinburger and Petersen’s Old-Fashioned Ice Cream.

LGE also has completed the second floor of the building, constructing 3KSF of office space. Pacific Pharmacy Consultants, LLC, a full-service pharmacy brokerage firm, has leased space. Additional space is available for rent.

“Interest from retailers, local restaurants and office users is incredible and the residents of Gilbert are responding equally strong,” said Dave Sellers, president of LGE Design Build. “With 100 percent of the first phase retail and restaurant space leased, we expect the second phase to continue to drive new high-quality tenants.”

Lo-Lo's Chicken & Waffles 094_HDR_small

Lo-Lo’s Chicken & Waffles opens at Heritage Marketplace

LGE Design Build has completed construction of Lo-Lo’s Chicken & Waffles at Heritage Marketplace, a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert.

Lo-Lo’s Chicken & Waffles, 366 N. Gilbert Road, is now open. The 4,300-square-foot restaurant offers a full bar with several large television screens and outdoor seating that draws energy from the street.

 

“Business has been wonderful. The Town of Gilbert has been amazing and very receptive to Lo-Lo’s,” said Rasheedah White, one of the owners and founders of Lo-Lo Chicken & Waffles’ along with husband Larry White. “We will continue to strive to provide fresh, home cooked food and be a good business for Gilbert.”

The Heritage Marketplace location is the third Lo-Lo’s that LGE has constructed in the Valley. Lo-Lo’s also has a location at Phoenix Sky Harbor International Airport’s Terminal 4.

“The Gilbert location of Lo-Lo’s Chicken & Waffles is absolutely beautiful. It is consistent with Lo-Lo’s Chicken & Waffles’ unique brand, blends in well with the Gilbert Heritage District’s history and charm and enhances the excitement on the street with outdoor tables,” said David Sellers, president of LGE Design Build.

Heritage Marketplace, an integral element of Gilbert’s Heritage District, is located on the northwest corner of Gilbert Road and Vaughn Avenue. At build out, Heritage Marketplace will include more than 70,000 square feet of retail, office and restaurant space. Zinburger, Pomo, Barrio Queen and Petersen’s Old-Fashioned Ice Cream also are located at Heritage Marketplace.

 

Sierra Vista Hospital

New to Market: November, December 2013

|  Sierra Vista Regional Health Center Replacement Hospital

Developer: Regional Care Hospital Partners

General Contractor: JE Dunn Construction

Architect: Gould Turner Group Architects

Location: State Route 90 and Colonia De Salud, Sierra Vista

Size: 175,000 SF

JE Dunn was recently awarded the $55M Sierra Vista Regional Health Center Replacement Hospital project. The 175,000 SF, 100-bed full-service acute care medical center will be located on Sierra Vista’s existing 77-acre campus.The project is scheduled to start construction in December and will implement a 15-month fast track delivery process. The project broke ground in October 2013 and expects to finish in 1Q of 2015.

 

Turner Spectrum Ridge

Turner Spectrum Ridge

Turner Spectrum Ridge

Developer: Turner Real Estate Investments

General Contractor: Renaissance Companies

Architect: Butler Design Group

Location: Eight buildings on E. Lone Cactus Rd. & E. Salter Dr.

Size: 10,944 SF to 20,040 SF

Brokerage Firm: Voit Real Estate Services

On September 25, construction began on eight free-standing industrial buildings ranging in size from ±10,944 SF to ±20,040 SF. The development includes block-fenced private yards, a minimum of ±1,492 SF of office, clear height 20- and – 24-inch evaporative cooling, 800 to 1200 amps of  277/480v power and A-1 zoning. Buildings are expected to be completed between February and May 2014.

 

Alta Scottsdale

Alta Scottsdale

Alta Scottsdale

Developer: Wood Partners

General contractor: WP South Builders

Architect: Womack + Hampton

Location: Granite Reef and Indian School roads

Size: 190,000 SF

Brokerage Firm: Michael Lieb

Wood Partners broke ground on two four-story Italianate buildings that will house 140 one-bedroom units, 76 two-bedroom units and two three-bedroom apartments with granite countertops, stainless steel appliances, vinyl plank flooring and many locally sourced materials. Residents of this boutique community will have access to a club room and bar area for events and cooking demonstrations, a fitness center and a Frank Lloyd Wright-inspired pool area. Tempered-air corridors will ensure that residents’ front doors are not exposed to the elements. Guests will be greeted in a hospitality-style entrance lobby. Construction on the $38M project is expected to finish in 2Q 2015.

 

|  Manzanita Hall Remodel

Manzanita Hall

Manzanita Hall

Developer: American Campus Communities

OWNER: Arizona State University

General contractor: hardison/downey construction

Architect: Studio Ma with Solomon Cordwell Buenz

Location: University Drive and Veterans Way, Tempe

Size: 218,000 SF, 241 units, 816 student beds

This student dormitory project located on ASU’s main campus features a full gut and remodel of the historic 15-story Manzanita Hall, which was originally built in 1967. The project, which began in February 2012 and ended in October 2013, cost $50.3 million. The new dorm rooms units with two or three bedrooms with one bathroom, and four bedrooms with two bathrooms. Manzy Square, the student dining facility, was also remodeled on the first floor of the building. New social spaces include a fitness center, mail and computer rooms, student lounges and a business center. Exterior improvements include new landscaping and courtyards, and basketball and sand volleyball courts. Subcontractors include HACI, Danco, Wang Electric, AZ Fire Protection, Adobe Drywall, Adobe Paint, Ikon Steel, Sun Valley Concrete & Masonry, American Openings, Kovach, Heritage, Mikada, Fine Line and Dickens Quality Demolition.

 

|  SkySong III

SkySong III

SkySong III

Developer: The Plaza Companies

OWNER: SkySong Office III, LLC

General contractor: DPR Construction

Architect: Butler Design Group

Location: 1365 N. Scottsdale Rd., Scottsdale

Size: 145,000 SF office building and 1,000-space parking garage

The $18.9M SkySong Office III building is a new LEED Certified ground-up 145,000 SF core and shell four-story office building with interior lobby and restroom build-out, including site preparation and development of surface parking, new quadrant roads and a ground plus a four-story +1,000-space parking garage. Construction began in August and is expected to finish in July 2014. Subcontractors include Saguaro Steel and ProSteel, Coreslab, DP Electric, HACI, Irontree, Jones Concrete, Kovach, ALR, Stonecold, DPR Construction Self Perform Work and Otis.

 

|  Garmin International

Garmin International

Garmin International

Developer: Garmin International

General contractor: LGE Design Build

Architect: Cawley Architects

Location: Juniper Drive & Galveston Street, Chandler

Size: 67,000 SF

Garmin – Chandler is a new ground-up office building for Garmin International. This $10M project broke ground September 10 and is anticipated to finish in June 2014. The LEED Silver building features a parking ratio more than 6/1000, tilt concrete construction, a two-story atrium and outdoor amenities such as basketball and volleyball courts. This project will be designed, engineered and permitted in 120 days with construction scheduled for 240 days.

 

|  Heritage Marketplace

Heritage Marketplace

Heritage Marketplace

Developer: LGE Design Build

General contractor: LGE Design Build

Architect: Cawley Architects / AV3 Design

Location: Gilbert Road and Vaughn Avenue, Gilbert

Size: 31,000 SF

Brokerage firm: Brad Balbo and Matt Milinovich of Strategic

LGE Design Build has recently broken ground on Heritage Marketplace Phase I in the Historic District in Gilbert. Phase I consists of 31,000 SF split into two anchor restaurants and a two-story mixed use office/retail building. Total cost of Phase I is more than $7 million. Future phases will add an additional 30,000 SF to 40,000 SF of retail, restaurant and office space. Phase I pre-leases include Zinburger by Fox Restaurant Concepts and Lolo’s Chicken & Waffles. Completion is slated for 3Q of 2014.

 

|  Liberty Center at Rio Salado

Liberty Property at Rio Salado

Liberty Property at Rio Salado

 

Developer: Liberty Property Trust

General Contractor: Bid

Architect: RSP Architects

Location: Priest Drive and Rio Salado Parkway, Tempe

Size: 810,000 SF

Liberty Center at Rio Salado is a 76-acre, high-performance mixed-use, office complex development offering tenants options for office, flex and light industrial, while providing excellent corporate brand visibility from the Red Mountain Loop 202, Priest Drive and Rio Salado Parkway. The development will later include retail and hospitality. Currently in construction documents, Phase I is a 120,000 SF speculative office building with 80,000 SF on the first floor and 40,000 SF on the second. The building orientation includes views of Camelback Mountain and Papago Park to the north. The campus incorporates a bike path of nearby Tempe Town Beach Park and also features an outside amphitheater. Liberty Center appeals to businesses with its central location and high visibility, as well as to the general public with its Sonoran Desert themed landscape and access to the existing Tempe Town Beach Park walking and bike path. The project is designed to be LEED Certified.

 

downtown Gilbert AZ

Downtown Gilbert Mixed Use Project on Life Support

Phoenix (December 14, 2010) – The Gilbert Town Council has a big decision to make on Thursday with respect to the fate of a proposed downtown mixed use project.

“Heritage Marketplace” is a proposed mixed use development that has long been billed as an important catalyst to revitalization in downtown Gilbert. The 2.7-acre project proposes five buildings comprising a total of 90,000 square feet for office, retail and residential uses. The project may be another unfortunate casualty of the recession which is a huge disappointment considering the 350 jobs and $15 million in annual payroll that town officials estimated to result from the project.  Town officials reported to Council several years ago the essential nature of job creation in any successful downtown redevelopment effort.

A development agreement for the project was executed in 2007 and was since amended last December. The following are some of the key deal points from the agreement:

  • It sets the purchase price of the land at approximately $218,000 per acre.
  • It requires the developer to pay a total of about $1.7 million for the land and an adjacent parking garage.
  • It requires the developer to commence construction by no later than December 31, 2010.
  • It obligates the town to pay $7.6 million for the construction of the 365-space parking structure upon “substantially complete” work on part of Heritage Marketplace.

The Town Council must decide whether to extend the deadline outlined in the agreement or cancel the agreement altogether considering that construction on the project will not commence by its prescribed due date.  To fund the parking garage, the town has already begun the fulfillment of its obligations by selling Public Facility Municipal Property Corporation bonds which do not require voter approval. As a result, the town is paying 5% interest and earning about 1% while the money sits in a bank.  The town maintains that the parking garage remains a vital piece of infrastructure to support future economic growth in downtown Gilbert. The town contends that such a facility helps support the employment densities that will be needed in the Heritage District to make it a viable commercial location.

So now the Town Council has a decision to make. Several options are on the table for this decision, which may involve amending or dissolving the agreement.  The options are as follows:

  • Amend the agreement to extend the construction timeline or to allow the town to build the parking structure before Heritage Marketplace is constructed.
  • Dissolve the agreement and wait until the market improves to advertise the land to a new developer, begin the search for a new development partner, or commence work on the parking structure without a current development partner.

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