Next Phase of Rivulon Development AnnouncedJanuary 8, 2020
Two 160,000-square-foot office buildings and new lake feature coming soon
This information appeared in Phoenix Business Journal: Article
Nationwide Realty Investors announced today the next phase of development at Rivulon, the expansive master-planned, mixed-use project located at the corner of Gilbert Road and Loop 202. On Wednesday night, the Town of Gilbert approved designs for the two, four-story, 160,000-square-foot office buildings, with an adjacent parking structure, and a stunning lake feature. Nationwide Realty Investors President and COO Brian J. Ellis made the announcement.
The Rivulon Lake office buildings will be prominently located in the center of the development along the winding, meticulously landscaped Rivulon Blvd. Both 4-story buildings will feature a glass façade adorned with natural limestone pillars reflective of the elegant, state-of-the-art design which Rivulon is known for.
“We are thrilled to begin development on this next phase at Rivulon,” said Ellis. “The Lake buildings and the visually stunning amenity lake feature will really bring to life our full vision for this development.”
In addition to the two new office buildings, the next phase at Rivulon will boast an iconic 1-acre lake feature, beautifully landscaped walking paths and an abundance of outdoor seating. Pergola-shaded viewing piers will extend out over the water providing a retreat for office workers and visitors alike. The glass façade of the buildings will reflect the waters’ movements and offer a unique artful environment, with unobstructed views of the mountains in the distance.
Parking structures will be developed adjacent to the Lake buildings with more than 850 complementary parking spaces to accommodate the new office development.
The project’s ideal location provides convenient freeway access and the opportunity for coveted freeway sign visibility along the 202. Walking paths throughout the development will connect the Lake office buildings to the nearby restaurants, bank, fitness facility and neighboring offices.
Construction on the new Rivulon Lake office buildings and parking facilities is anticipated to commence mid-2020 with completion by end of 2021.
The 250-acre Rivulon development is currently home to Deloitte, Isagenix International’s world headquarters, Morgan Stanley, Amerifirst Financial and Merrill Lynch. The growing retail mix at Rivulon includes LA Fitness, Wildflower Bread, Sauce Pizza & Wine, Jersey Mike’s Subs, Yogi’s Grill Teriyaki & Roll, and Grabbagreen.