I'm late to the thread, having just returned from the long days at ACI and CRSI fall conferences.
First, please do not try to thread a piece of rebar. As other have said, the mechanical properties of common bar rely upon the full section, as the processes used for making rebar may result in varying metallurgy through a section. The correct way to do this would be to use a coupler and threaded dowel, or possibly a factory-constructed deformed bar anchor with a threaded rod attached (similar to a piece of weldable rebar welded to a threaded rod, but the fabrication involves special processes.)
As far as development goes, it is perfectly acceptable to lap an anchor with a rebar cage. The same rules would apply as for non-contact lap splices. Presumably the anchor rods would be inside the confined core of the foundation, so most of the limit states from App D are restrained by the surrounding reinforcement, i.e., "supplemental reinforcement." Appendix D is typically applied to reduce the embedment depth to less than a typical Ld. Also, many anchors are higher capacity than a similarly-sized rebar, making a strict lap a bit difficult.
I would encourage you to use a headed anchor rod instead of a deformed bar. We know very well the behavior of anchor rods, and the rods are a commodity item which will most likely cost significantly less than a specially designed anchor.