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Developers outline Site 17 'Cul de Sac' ground-lease plan; council told final documents coming Sept. 8
Summary
Jeff McVeigh and Jimmy Ciracchio told council the draft ground lease for Site 17 functions as a development agreement and an option to purchase, with the first phase requiring construction to commence by 2027.
Jeff McVeigh and Jimmy Ciracchio described a draft ground lease and development agreement for Site 17 during the Sept. 4 study session, telling the Mesa City Council that the documents before the council were in draft form because negotiations were still being finalized earlier that week.
McVeigh outlined project highlights: a first phase of 140 for-sale townhomes with construction required to…
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