Gilbert, AZ
For many years now Gilbert has been one of the fastest growing U.S. cities. In 2004, it was ranked the number one fastest growing city in the U.S. with a 32% population increase between 2000 and 2003, bringing its population to upwards of 150,000 people. In 2005, Gilbert again landed in the top 5, with a 7.7% population increase between 2003 and 2004. Chandler, Gilbert’s neighbor and a tertiary market for Rome Towers and the surrounding uses, has also consistently been in the top 10 growth rankings.
Also impressive is the affluence and education of the growing Gilbert population. Within five miles of Rome Towers, it is estimated that there are some 61,000 households with an average household income projected to exceed $82,000.
The Spectrum at Val Vista and Gilbert’s New Urban Core
In 2006 and 2007, Gilbert residents and businesses will proudly welcome the advent of an urban core destined to be one of the most prominent in the Valley. This new core is forming in central Gilbert along the Pecos Road/Market Street corridors, and bounded by the Loop 202 freeway to the South and East. With several mid-rise, high-rise and high-density projects planned, this new core will serve the rapidly expanding south and southeast Valley as the epicenter for new commerce, industry and lifestyle.
Rome Towers is the geographic centerpiece of the Spectrum at Val Vista, the master-planned community that is at the heart of the new urban core. Spectrum hosts a myriad of the finest commercial and residential developers in the Valley. The Spectrum consists of a number of unique projects being constructed along a circuit of newly improved or constructed roadways and “cradled” by the newly open San Tan Freeway (202). This expansive infrastructure will allow this area to emerge at a remarkable pace as one of the most prominent urban-cores in all of greater Phoenix. Below are brief descriptions of Spectrum and neighboring projects.
Main Street Commons: Developed by Woodbine Southwest, the developer of the highly successful Kierland Commons in Scottsdale, Main Street Commons will offer a high-end lifestyle center with over 540,000 square feet of shops, offices and urban-residential living. See www.mainstreetcommons.com for a more detailed description.
Santan Motorplex: A state-of-the-art autoplex that is expected to be one of the largest auto-parks in the nation at the time of opening. Spanning over 130 acres, the Motorplex is already the future home of Ford, GMC, Buick, Pontiac, Subaru, Dodge, Jeep, Chrysler, Suzuki and Hyundai dealerships, all planned to open by late 2006 or early 2007.
Mercy Gilbert Medical Center: Gilbert’s first full service hospital and medical campus expands over 100 acres. Open as of June 2006, the newly built hospital has 88 private patient-care beds, an emergency department, women’s services, outpatient surgery and diagnostic imaging. In addition, there is over 40 acres set aside for use as medical office space. More at www.healthcareforgilbert.com
Residential:Spectrum’s master developers have sold residential tracts to 11 high-end home builders. The projected build-out in the area will exceed 5,000 single family and apartment homes, many of which are now completed or underway. Builders include: Amberwood, American Property, Ashton Woods Homes, Brown Family Homes, Capital Pacific Homes, Fairfield Properties, Fulton Homes, KB Homes, Richmond American, Southwest Homes, Taylor Woodrow and Trend Homes.
Westcor’s San Tan Village and Westcor power centers: Westcor’s newest regional mall finds its home just northeast of Rome Towers. The power center components, including such major tenants as Sam’s Club, Walmart and Costco, are already completed and open for business. A “furniture row” is also nearly completed. For more information, see www.shopsantanvillage.com.
Office Space
Rome Towers offers the only mid-rise ownership experience in this explosive new corridor. Ideal for a prestigious headquarters or a prominent regional presence, Rome Towers is itself a landmark. It is situated at the center of over two million square feet of high-end specialty retail and accommodates both large and small users. Rome Towers’ vertical-by-design ownership experience is not only unique to this burgeoning corridor, but is one of the first of its kind anywhere – attracting the attention of builders, developers and investors from California to Washington D.C.
And, notwithstanding a superior shell, design and character, Rome Towers’ straightforward pricing is extremely competitive when compared with less favorably located single/double-story stucco village projects in the same trade area.
For those weary of the village, the compound or the park - the office condominium has finally grown up.