Maravilla Scottsdale, a luxury retirement community that has been delayed, is completing work on its underground garage and plans to start its main building by mid-September.
The 217-unit community is on about 25 acres adjacent to the Fairmont Scottsdale Princess resort northeast of Scottsdale Road and Frank Lloyd Wright Boulevard.
The Senior Resource Group LLC plans to complete Maravilla by March 2012, said Michael Grust, president and chief executive of the Solana Beach, Calif., company. Read more…
A “high-end, ultra-luxury resort” is planned for 17 acres in north Scottsdale near Pinnacle Peak Park.
John Wanninger, of the development group JTW PPL, bought the land just southeast of the 150-acre Pinnacle Peak Park at an Arizona Land Department auction last month for nearly $13 million.
The proposed Pinnacle Peak Resort plans are still in the preliminary stages, Wanninger said. However, the resort is expected to be environmentally friendly and feature a spa, according to Wanninger’s publicist, Dave Cieslak.
Alan Lamb and Gary Lamb, of Lamb Architects, have designed the 55,000-square-foot SouthBridge Canal Walk residences along the Arizona Canal.
The project includes an urban street plaza, which will extend redevelopment of the canal southwest from the SouthBridge restaurants and Mix retail shops. Read more…
Luxury retirement community set for north Scottsdale, an article from the East Valley Tribune, reports that according to Katherine Hutton, Scottsdale’s economic vitality department director, demand for luxury projects is rising as the population ages. Hutton said, "You’re dealing with a generation that over time has amassed more wealth than any other generation before them."
The Scottsdale City Council approved a new downtown high-rise apartment building Tuesday that will bring about 230 luxury rental units and shops to a busy intersection.
The Hanover project at the northwest corner of Goldwater Boulevard and Indian School Road will consist of one main building that rises to five stories, or 65 feet in some places, along with a separate one-story commercial building along Fifth Avenue.
Los Arcos project would have housing, retail, an article from the East Valley Tribune, reports that a proposed project, called Scottsdale Centrovida, is scheduled to bring apartments, town homes, shops, restaurants and a new grocery store to a site next to SkySong. Developer PDG America is expected to file its rezoning application today with the city for the $150 million project. The proposal includes building between 405 and 525 apartments in up to five buildings as high as five stories, 70 town homes, and about 150,000 square feet of retail space including a grocery and public spaces. Project attorney Lynne Lagarde said the rezoning request is necessary to allow residential units and the increased height on the 26-acre site. No tenants have been announced, but Lagarde said the developer is negotiating with a grocery, sit-down restaurants, a bank and other neighborhood retailers.
Construction has begun on a new office project west of Loop 101 on Bell Road in North Scottsdale. Developer Desert Troon Companies is building Terra Verde One, the first of three buildings planned for a site by the TPC Desert golf Course and adjacent to the Scottsdale Marriott hotel. The three-story office property will contain 180,000 square-feet of office space and will feature two levels of subterranean parking It is scheduled for completion in summer 2009. The project will total 480,000 square-feet of high-end office space when all three buildings are completed, with parking for 1,600 vehicles. Total cost of the project is $139.5 million. Terra Verde was designed by Butler Design Group and is being constructed by D.L. Withers Construction. Mike Beall and Tim Whittemore of Cushman & Wakefield of Arizona are leasing agents for the property.
Source: John McLean, Arizona Business Gazette
A Minneapolis development company is floating plans for another condo project in Scottsdale, at the northeast corner of Camelback and Scottsdale Roads.
The developers are assembling land along the Arizona Canal for 246 condos on 4.45 acres, and additional land for a possible six-story hotel.
The property currently has a mix of old apartments and homes. The condos would average 1,400 square feet and have a market value of nearly $1.04 million each, according to the plan. The developers plan says it will take 12 to 18 months to get necessary Scottsdale city approvals for the project.
Well-known Valley developer DMB Associates plans to build up to 1,100 residences and 1.8 million square feet of shops, restaurants, hotels and offices on the northeastern corner of Scottsdale Road and the Loop 101.
The project, called One Scottsdale, sits on 120-acres. Construction of One Scottsdale’s 60-acre commercial core, which sits on the south end of the development and will include for-sale condos above retail and brownstones on tree-lined streets, will begin next year and finish in fall 2009.