Gilbert developments may be altered - East Valley Tribune: News

Gilbert developments may be altered

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Posted: Tuesday, June 23, 2009 5:54 pm | Updated: 1:47 am, Sat Oct 8, 2011.

Plans for twin retail and office centers at the northwest corner of Lindsay and Ray roads may be changing soon.

Green Tree Village, a medical office park, and Green Tree Plaza, a retail center, have been planned side by side for at least two years, but still haven't left the drawing board.

The site for the centers, which are also planned to feature space for a gas station, full-service car wash, mini storage units and restaurants, is still a vacant field.

Now the developer said there's a chance it may scrap the original plans for the medical offices in favor of additional mini storage units.

"There's a real shortage of storage square-footage relative to the demand there, so that would possibly merit more storage than a medical office building," said Kevin Darr, business development and marketing manager for Green Tree Development.

Trisha Talbot, a broker with Scottsdale-based GPE Commercial Advisors who's marketing the property, said the plan was to build the offices once a certain amount of space was leased.

She said the intention was to fill the two-story medical building with nonsurgical medical services like pediatrics and lab services.

George Pettit, Gilbert's town manager, said the plazas are planned with a uniform design despite the fact that they're divided into two separate centers.

"A good example would be down at Val Vista and Williams Field," he said referring to The Forum, a posh new development integrating about 90,000 square feet of offices with 30,000 square feet of retail services.

That project, one of the many victims of the banking crisis, has had problems of its own getting finished after federal regulators declared its lender, First National Bank of Arizona, insolvent about seven months ago and named the Federal Deposit Insurance Corp. as its receiver.

Darr said the first phase of construction will likely include the gas station, car wash and self-storage units, but didn't offer a timeline.

He added the company is still moving forward with plans to build the medical office building at this point.

"If that works, it works," he said.

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