The 11-acre development, located on the Southeast corner of Val Vista Drive and East Mercy Road, will be comprised of a two-story retail, restaurant and office space, a two-story flagship Starbucks, a regional headquarters for Bell Bank, a Residence Inn by Marriott and a Homeward Suites Hotel
Diversified Partners, the leading Scottsdale real estate brokerage and development company, announced the groundbreaking for its Mercy Center development project, located at 3635 S. Val Vista Drive in Gilbert, Ariz.
The groundbreaking ceremony, held on April 6, was attended by a large crowd, which included Gilbert Mayor Brigette Peterson, Councilmember Bobbi Buchli, Councilmember Jim Torgeson, Gilbert Chamber of Commerce President and CEO, Sarah Watts, among others.
Nestled in the heart of the Mercy Gilbert medical district, the $125-million project will cover more than 11 acres. A two-story, flagship Starbucks with unique firepit feature and patio space on both levels will sit on the front of Val Vista Drive. The development will also feature a two-story retail, restaurant and office space, which has already attracted a variety of tenants, including Gallery Nails, Nautical Bowls, Live Hydration Spa, Prizm Dental, Singh Dhillon Pediatric Dentistry and Willow Midwife.
“I love seeing developments provide well-planned solutions to needs within our community. This development includes two hotels that will provide necessary and quality hospitality choices for families and visitors of loved ones at Mercy Gilbert Medical Center and the, soon-to-open, Phoenix Children’s Hospital, just steps across the street,” said Mayor Brigette Peterson. “This development also includes a one-of-a-kind two-story Starbucks that will allow hospital staff, visitors and community members to grab a quality beverage, relax at a table or sit by a firepit on one of the patios. Diversified Partners continues to bring forth quality developments within the community.”
The construction will be led by Sigma Contracting, Upward Architects will serve as the project's architect and Rick Engineering Company will serve as the civil engineering firm.
The building design will feature a unique concept, similar to Diversified Partner's project on Scottsdale Road and Chauncey Lane (where the restaurant Cold Beers & Cheeseburgers is located). Restaurant drive-thrus actually go through the building.
The eastern half of the property will be home to a five-story Residence Inn by Marriott, a Homewood Suites Hotel and a regional headquarters for Bell Bank on an exquisitely designed, three-story bank building. Other popular tenants that will be joining the Mercy Center include Chipotle and 7-Eleven.
"We're excited to bring this legacy property to the Gilbert community," said Walt Brown Jr., CEO and founder of Diversified Partners. "Our goal is to create a destination that meets the needs of the growing community and enhances the surrounding area."
As one of the fastest-growing cities in the United States, the Town of Gilbert has seen substantial population growth and is home to 285,756 residents. Its population makes it the sixth-largest municipality in the state and the most populated incorporated town in the nation.
This development marks Diversified Partners' continued growth in the Arizona market, following the success of other projects in the Phoenix-metro area, including its recent $100 million investment in commercial real estate in Glendale, Ariz.
For more information and to view all projects in progress, visit www.dpcre.com.
Comments