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Council to consider reassignment of South Arizona Street development agreement to Everstead Ventures
Summary
City staff presented a proposal to allow reassignment of a development agreement for 20210 South Arizona Street from Jimby Jack to Everstead Ventures, with new timelines and a shortened cure period; council members pressed staff on timelines, resale price and future rezoning reviews.
The Chandler City Council heard a presentation about a proposed reassignment of the development agreement for the city-owned property at 20210 South Arizona Street and proposed new construction timelines if the reassignment is approved.
City staff member Kim Moyers told the council the 2006 city-owned site sits in the South Arizona Avenue corridor future growth area and that a 2023 development agreement with Jimby Jack includes a clawback provision, a minimum two‑story building requirement, and a minimum of 15,000 square feet of mixed‑use restaurant and retail space. Moyers said the reassignment would let Everstead Ventures, LLC assume the agreement and the new timelines, and that…
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