By Parker Leavitt for The Arizona Republic
The steel skeletons of two office towers rising along the Santan Freeway are the clearest signs of progress on Gilbert’s massive Rivulon project, but the future employment center is also set to get its first retail shops by year’s end, according to the developer (AZBEX, Nov. 14, 2014).
Nationwide Realty Investors, a real-estate arm of the well-known insurance company, plans to start construction soon on a 17KSF retail building near Gilbert Road and Rivulon Boulevard, just north of Loop 202.
Floor plans submitted to the town show space for about a dozen businesses, likely including restaurants and other retail services to support the hundreds of office workers who will begin moving into the development later this year, according to the company. An LA Fitness gym last month became the first business to open at Rivulon.
Meanwhile, construction is moving forward quickly on 275KSF of office space on the southern end of the project, overlooking the freeway. Isagenix International, a network-marketing company that specializes in health products, is preparing to move its corporate headquarters and about 400 employees from Chandler to a new three-story building at Rivulon in December.
Nationwide is also building a four-story speculative office tower next to the Isagenix building, with construction set to wrap up in September. Company President Brian Ellis said there’s been interest from a broad range of companies, but no new tenants to announce yet.
Eventually, Nationwide expects to invest about $750M in building more than 3.5MSF of office and retail space in Rivulon, which covers nearly half a square mile between Gilbert and Lindsay roads along Loop 202. Ellis said there is probably enough room for multiple hotels, and the company officially lists 250 hotel rooms among its plans for Rivulon.
Beginning with an influx of hundreds of jobs with Isagenix, LA Fitness and other early tenants, Rivulon could eventually bring 15,000 jobs to town.
Read more at The Arizona Republic