Developers outline Site 17 'Cul de Sac' ground-lease plan; council told final documents coming Sept. 8

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 commence by 2027, a second phase of about 225 residential units and a total of about 425 residential units in later phases, plus an anticipated 25,000–50,000 square feet of commercial space and 25,000–50,000 square feet of residential amenity space. He said the project would include significant green space and that the developer would maintain those areas under a public access agreement.

"The first phase will be 140 for-sale townhome units," McVeigh said. He added that public-access agreements would allow the public to use portions of the green space and that Cul de Sac would maintain it.

Councilmembers asked whether substantive terms changed during late negotiations. McVeigh said most changes were minor "dotting i's and crossing t's" and that the substantial business terms remained consistent with prior briefings. Councilmember Adams thanked staff for the clarification and said he appreciated that the negotiations had not required large concessions from the city.

Staff did not request final action Sept. 4; council was informed the full, finalized documents would be inserted into the Sept. 8 agenda package for action. No formal council vote on the ground lease occurred during the study session.