Mortgage And Real Estate News

Sunday, June 2, 2013

Heritage Marketplace in downtown Gilbert picking up steam

After years of recession-induced delay, Heritage Marketplace in downtown Gilbert is quickly moving toward reality as design plans went before the Redevelopment Commission on Wednesday.

The mixed-use development promises to bring new office and retail space and at least three restaurants to a 2.7-acre parcel on the northwestern corner of Gilbert Road and Vaughn Avenue in the heart of the historical Heritage District.

Phoenix developer LGE Design Build has until the end of 2013 to start construction, according to a development agreement with the town. On Wednesday, the company brought revised drawings before the Redevelopment Commission depicting the project’s first phase.

LGE will initially construct three buildings along Gilbert Road, including a two-story office and retail building flanked by single-story restaurants to the north and south.

Read more: Heritage Marketplace in downtown Gilbert picking up steam

Reuters: Business News

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