After a meeting of the Gilbert Town Council on Tuesday, October 5, Gilbert has decided to grant Hudson Companies another 30 days to fulfill their site development agreement for the property located on the northeast corner of Gilbert and Ocotillo Roads.

Hudson Companies, a real estate development and investment firm based in Arizona, had originally signed a site development agreement with Gilbert in February of 2016. The agreement stipulated that Hudson would develop the property by constructing a residential project known as The Crossing at Cooley Station. However, over the years, the progress was mired with delays and extensions.

Gilbert officials had hoped to see construction begin on the development in early 2017, but that timeline has been pushed back several times. Most recently, the town council extended the deadline to September 30, 2021, to give Hudson time to obtain financing for the project.

Despite the extension, Hudson was not able to meet the deadline. However, rather than terminating the agreement, Gilbert decided to grant Hudson another 30 days to come up with a plan to fulfill their obligations under the agreement.

This decision comes after heated debate among town officials with some arguing that Hudson should have been held accountable for not meeting the deadline while others believed that granting an additional 30 days was the best course of action.

The Crossing at Cooley Station is expected to bring new housing options to Gilbert and generate revenue for the town. It will consist of 277 residential units, including townhomes and apartments, as well as several amenities like a pool and fitness center.

For now, it remains to be seen whether or not Hudson will be able to meet the deadline and move forward with the development. But one thing is for sure, the town of Gilbert is eagerly awaiting the new development and the benefits it will bring to the community.

In conclusion, the decision to grant Hudson another 30 days to fulfill the site development agreement for The Crossing at Cooley Station may be controversial, but it shows that Gilbert is committed to seeing this development through. As a result, Gilbert residents and officials eagerly await the potential benefits that this development will bring to the community.