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Plans revealed for next phase of Gilbert Rivulon development.

Tuesday, January 14, 2020   /   by Juan Grimaldo

Plans revealed for next phase of Gilbert Rivulon development.



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An artist's rendering shows the planned lake and office buildings that are the next phase of the Rivulon development in Gilbert.

PROVIDED BY NATIONWIDE REALTY INVESTORS


By Corina Vanek  – Reporter, Phoenix Business Journal

Jan 8, 2020, 10:51pm EST


The Gilbert Planning and Zoning Commission has approved the next phase of Nationwide Realty Investors’ Rivulon development, called Rivulon Lake.


The new phase will include two four-story buildings with 160,000 square feet of office space each. It also will include an adjacent parking structure near Loop 202 and Gilbert Road.


“The lake buildings and the visually stunning amenity lake feature will really bring to life our full vision for this development," Nationwide Realty Investors President and COO Brian Ellis said in a statement. "The demand for office space at Rivulon has been consistently strong since we broke ground in 2013, as evidenced by the significant number of industry-leading businesses now based here. The highly designed lake office buildings will undoubtedly continue the positive trend, and we’re excited to unveil these plans to prospective tenants.”

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An artist's rendering shows the next phase of the Rivulon development in Gilbert.

PROVIDED BY NATIONWIDE REALTY INVESTORS


The next phase also will include a one-acre lake with walking paths and shaded viewing piers. Construction on the office buildings and accompanying parking garage will begin in the middle of 2020 and is expected to be completed by the end of 2021.

Rivulon Lake is part of the bigger master-planned Rivulon development in Gilbert that totals 250 acres and will cost roughly $750 million to develop. Tenants at Rivulon include Deloitte, Isagenix, Morgan Stanley, Amerifirst Financial and Merrill Lynch. Retail tenants include LA Fitness, Wildflower Bread, Sauce Pizza & Wine, Jersey Mike’s Subs, Yogi’s Grill Teriyaki & Roll and Grabbagreen.


Keller Williams Realty Professional Partners - The Grimaldo Group
Juan Grimaldo
7025 West Bell Road #10
Glendale, AZ 85308
480-365-8346

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