More Apartment Conversions
A surge of nearly 3,500 condo conversions in Scottsdale last year has city housing officials worried about maintaining affordable housing options for apartment dwellers.
Scottsdale began tracking conversions in 2005 as owners of 18 apartment complexes sought approval for turning their rental units to condos and selling them for prices, in some cases, of more than $300,000 each.
Silverstone Approved
It has recently been announced that the Scottsdale city council voted unanimously to approve zoning changes for the 160-acre former Rawhide site at Scottsdale and Pinnacle Peak Roads for a new planned community called Silverstone.
The community will include a health care facility, residences, a public library, offices and commercial areas. Silverstone will have 976 housing units and an assisted living facility that will rise 45 feet.