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Vintage Takes on Tempe Road Realignment

Credit: Phoenix Commercial Advisors

By Peter Madrid for Arizona Builder’s Exchange

Phoenix-based Vintage Partners submitted to the City of Tempe a site plan and preliminary plat to relocate Gilbert Drive and create a 1.5-acre commercial lot at the NWC of Scottsdale Road and the Loop 202.

Since the construction of the Scottsdale Road and Loop 202 intersection, it has suffered from poor visibility and access. An existing development on the site has been shuttered for several years.

Vintage Partners in 2015 worked with ADOT and the City of Tempe to consider relocating Gilbert Drive through a series of abandonments, new road construction, and the creation of the new lot.

ADOT completed work last summer with the abandonment of its section of Gilbert Drive to Tempe. Vintage Partners and Tempe collaborated in 2015 to structure a development agreement that detailed how the two entities would work together to plat the property, finalize construction plans for a relocated Gilbert Drive, and complete the proposed exchange of property.

A multi-family property sits west of the site and a hotel is north of the site. A county island is located on the east side of Scottsdale Road. An existing restaurant on the site is vacant and planned for demolition. Prior bar and restaurant uses on the site have failed.

“By moving the lot closer to Scottsdale Road, it will facilitate better visibility and marketability for a new use,” according to submitted project comments. “The result of this street location will be a larger parcel of land closer to Scottsdale Road to facilitate development.”

According to representative at Vintage Partners, a GC will be selected in the second half of 2016.

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