{"id":1004568044,"date":"2022-02-18T08:07:59","date_gmt":"2022-02-18T16:07:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004568044"},"modified":"2022-12-09T02:02:06","modified_gmt":"2022-12-09T10:02:06","slug":"jv-to-bring-mixed-use-destination-to-phoenix-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-to-bring-mixed-use-destination-to-phoenix-area\/","title":{"rendered":"JV to Bring Mixed-Use Destination to Phoenix Area"},"content":{"rendered":"<div id=\"attachment_1004568049\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004568049\" data-attachment-id=\"1004568049\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-to-bring-mixed-use-destination-to-phoenix-area\/projectdatasheet-2-pdf\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;dbruce&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;ProjectDataSheet (2).pdf&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"ProjectDataSheet (2).pdf\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Heritage Park. Rendering courtesy of Creation, Crescent Communities and FCP&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg?w=800\" class=\"wp-image-1004568049 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Heritage-Park.-Image-courtesy-of-Creation.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004568049\" class=\"wp-caption-text\">Heritage Park. Rendering courtesy of Creation, Crescent Communities and FCP<\/p><\/div>\n<p>A joint venture of <strong>Creation, Crescent Communities<\/strong> and <strong>FCP<\/strong> has announced Heritage Park, a mixed-use development in Gilbert, Ariz. The project recently received zoning approval from the city and is scheduled to break ground in the third quarter.<\/p>\n<p>Once completed in 2024, Heritage Park will include a 154,000-square-foot five-story office building, a 288-unit multifamily community, 36,000 square feet of retail space, a 100-key hotel and room for five or more restaurants.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/phoenixs-paradise-mall-redevelopment-moves-forward\/\">Phoenix&#8217;s Paradise Mall Redevelopment Moves Forward<\/a><\/p>\n<hr>\n<p>Heritage Park will be situated at the north end of the Heritage District, in close proximity to more than 30 restaurants, community events, Water Tower Plaza, a farmer&#8217;s market and a 17,000-acre park.<\/p>\n<p>The development has been in the works for several years, David Sellers, co-founder of Creation, said in a prepared statement. This marks the fourth project by the joint venture in downtown Gilbert. <strong>CBRE <\/strong>will handle office leasing for Heritage Park and <strong>Ox Urban<\/strong> will handle retail leasing.<\/p>\n<p>The partners are also expanding in other Phoenix suburbs, including Scottsdale, where in late 2021 the companies announced another commercial project dubbed Southbridge.<\/p>\n<p>Last week, a partnership between Crescent Communities and Nuveen Real Estate acquired 120 acres in Holly Springs, N.C., to expand The Yield, Crescent\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/crescent-nuveen-expand-500m-research-triangle-campus\/\">$500 million life science campus<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creation, Crescent Communities and FCP are building their fourth joint project in Gilbert, Ariz.<\/p>\n","protected":false},"author":746,"featured_media":1004568049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21752,21742,1601,15],"tags":[32789,33484,42182],"class_list":["post-1004568044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-mixed-use","category-latest","category-phoenix","category-west","tag-cbre","tag-crescent-communities","tag-fcp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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