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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 "the applicant, or excuse me, the, the new reassigned Everstead Ventures at Jackson Armstrong is here to answer any questions that you may have tonight." Moyers said the amended schedule calls for an administratively complete application by Oct. 1, commencement of construction Oct. 1 and completion by Oct. 1, 2027, and shortens the cure period for missed deadlines from 60 days to 30 days.
Why it matters: the property is in a targeted downtown growth area and the agreement sets development standards (height, minimum floor area and independent retail/restaurant uses) that shape what will be built. Council members sought clarity about how the reassignment affects city oversight and future review. Councilmember Poston asked whether missed deadlines would cause the city to reclaim control or require the developer to return to council; Moyers confirmed the shorter cure period was intended to keep the project moving and that the reassignment will allow Everstead to begin working with Jimby Jack on the purchase. Vice Mayor Ellis and others pressed staff on whether the sale price would allow a profit; Moyers said Everstead is purchasing the property at the same price Jimby Jack paid and that the development agreement does not permit profit from an immediate resale.
Councilmember Martinez and others emphasized that the project will return to council as part of the PAD (planned area development) and PDP (preliminary development plan) and rezoning processes, where council will see renderings and may consider height and neighborhood impacts. Moyers confirmed the rezoning and design reviews will come back before council before construction begins.
No formal vote on reassignment was recorded at the study session; the item was presented for council questions and is scheduled to return on the formal meeting agenda for action.
Looking ahead: if council approves the reassignment at the upcoming meeting, Everstead Ventures will assume responsibilities and the city expects to see the project again during rezoning and PAD/PDP reviews before construction starts.
