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  #1021  
Old Posted Oct 28, 2020, 6:23 PM
Mr.RE Mr.RE is offline
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Originally Posted by azsunsurfer View Post
Thanks for digging that up. Much appreciated
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  #1022  
Old Posted Oct 30, 2020, 3:23 PM
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Related making a splash

Related coming to Scottsdale with one breaking ground and another in the pipeline.
https://www.bizjournals.com/phoenix/...1RPT0ifQ%3D%3D
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  #1023  
Old Posted Nov 2, 2020, 5:08 PM
xymox xymox is offline
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Arrow Scottsdale Collective

Looks like a pretty decent project for the SE corner of Scottsdale & Camelback. Wonder if the NIMBYs shout loud enough to get this killed too...

$450M project - not bad.

https://www.bizjournals.com/phoenix/...ent-plans.html
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Last edited by xymox; Nov 3, 2020 at 8:30 PM.
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  #1024  
Old Posted Nov 4, 2020, 1:54 AM
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Quote:
Originally Posted by xymox View Post
Looks like a pretty decent project for the SE corner of Scottsdale & Camelback. Wonder if the NIMBYs shout loud enough to get this killed too...

$450M project - not bad.

https://www.bizjournals.com/phoenix/...ent-plans.html
It’s behind a paywall. Would someone please post. TYIA!!!
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  #1025  
Old Posted Nov 5, 2020, 5:21 PM
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Originally Posted by cygnusloop99 View Post
It’s behind a paywall. Would someone please post. TYIA!!!
Quote:

Brothers Shawn and Steven Yari first got involved in investing in property on the southeast corner of Scottsdale and Camelback roads in the late 1990s.

“We realized it was an underutilized quadrant in a special corner,” Shawn Yari, managing principal of Los Angeles-based Stockdale Capital Partners, said.

Yari said they had the opportunity to buy two properties in the area, then sold them, and in the early 2000s bought them again. In 1996 they bought the shopping center on the northeast corner of the intersection along the canal and redeveloped it.

When they were building the W Hotel, they realized that side of the intersection had a lot of underutilized, older or empty buildings, he said.

“We slowly started acquiring 42 properties,” Yari said. “We created plans for a really nice, mixed-use project. In 2008, with the meltdown of the economy, we were sitting with 42 empty, older buildings.”

Around 2010, with the economy still suffering, the Yaris began leasing some of those buildings to prosperous bar, restaurant and entertainment companies, including Riot Hospitality Group, Majerle’s and other groups, which became successful in turning the area into a bar and nightlife district.

“Never was it our intention to build a bar district,” Yari said. “The goal was always a nice, mixed-use project with restaurants, services, dessert establishments and other uses. With the downturn, we were able to lease to some of the bars, and they became very, very successful.”

Bigger vision
Even despite the success of the bars, restaurants and nightclubs in their buildings, the Yaris still had a bigger vision for the area.

“We never lost the desire to really make a special area that was more than bars and entertainment venues,” he said. “We had the desire to continue the evolution and the maturation of what’s known as the bar and entertainment
district.”

Now, those goals are a step closer to coming to fruition. Stockdale submitted plans to the city in May to develop what they are calling the Scottsdale Collection, which will total 10.25 acres of land, though not all is to be redeveloped. In total, the plans call for the project to contain 580,451 square feet of commercial space and 512 units of residential. The site is adjacent to where Stockdale is already developing the Marquee office building at Scottsdale Road and Shoeman Lane.

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In total, the project will cost about $450 million to develop.

The plans for the project include demolishing the Dakota nightclub, which is operated by Stockdale, but no tenants will be removed from their locations, Yari said. Much of the redevelopment area plans include several new lifestyle hotels in addition to existing restaurants and clubs, including the Mint Night Club and Maya Day and Night Club.

“We wanted a project that opens its arms to the corner,” Yari said. “We designed the plaza on the hard corner, so service, food and dessert establishments. We moved the bigger buildings to the south and east, so the corner doesn’t feel so heavy and feels more inviting.”

Yari said the coronavirus pandemic has affected timelines for the project, especially for hospitality elements like hotels, which have been most heavily impacted by closures due to Covid-19. Lenders have been hesitant to fund hospitality development as a result of the pandemic. Stockdale has proceeded with funding some of the development out of pocket, and will move forward with those elements when the lending market frees up.

Forward progress for the development is “at the mercy of the Covid environment,” Yari said, but the earliest that the first phase could begin construction is summer of 2021.

The project has already received a recommendation of approval from the city’s development review board, and will go before the city’s planning commission on Oct. 28. Yari said the lack of historic value of the area has made the area ripe for redevelopment, and made the plan popular with neighbors.

“We’ve had the opportunity to do multiple community walks, and this truly was a forgotten quadrant of downtown Scottsdale,” he said. “Across the board everyone had the same vision, the area needed to be redeveloped.”

In addition to the Scottsdale Collection, Stockdale has several other projects in the works in the area, including the $150 million Edition Hotel, which is fully designed and ready for development when the market recovers, Yari said. The company is also preparing for a January or February start date for development of apartments along the canal.
Renderings...

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  #1026  
Old Posted Nov 9, 2020, 2:01 AM
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In the PHX thread it was mentioned the two tower cranes for the Mayo Clinic were going up this weekend. Drove by tonight and I only see a 3rd crane - hopefully crane #4 arises shortly!
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  #1027  
Old Posted Nov 20, 2020, 12:02 AM
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Kierland Project

Two new tower cranes up on Phoenix side of Scottsdale rd in kierland area today. Do we know what project this may be?

With Mayo and Cavasson that makes 7 cranes up in the air park area currently. Six tower and one mobile.
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  #1028  
Old Posted Nov 20, 2020, 4:42 PM
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Originally Posted by xymox View Post
Two new tower cranes up on Phoenix side of Scottsdale rd in kierland area today. Do we know what project this may be?

With Mayo and Cavasson that makes 7 cranes up in the air park area currently. Six tower and one mobile.
Lennar Multifamily: 6 story podium with 290 units & Leon Capital group 6-story apartment, 221 units.
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  #1029  
Old Posted Nov 20, 2020, 6:23 PM
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It's nuts that those are infill projects and raze structures constructed in 2000/1999 and 1997 respectively. Still well within their service life.

Last edited by combusean; Nov 20, 2020 at 7:02 PM.
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  #1030  
Old Posted Dec 8, 2020, 11:52 PM
ASUSunDevil ASUSunDevil is offline
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Scottsdale narrowly approves $450m redevelopment plan

Tough crowd in Scottsdale unless this was a predetermined vote. Glad it was approved.

https://www.bizjournals.com/phoenix/...-approved.html
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  #1031  
Old Posted Dec 15, 2020, 1:37 AM
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Potential Paradise Valley Mall Redevelopment

Article on the possible future of Paradise Valley Mall:

Quote:
Here is what the redevelopment of Paradise Valley Mall could look like

By: Josh FrigerioPosted at 3:29 PM, Dec 14, 2020 and last updated 5:45 PM, Dec 14, 2020

PHOENIX — The future of Paradise Valley Mall could include a specialty grocery store, shops, restaurants, office space, self-storage, and housing, according to initial concept renderings submitted to the City of Phoenix.

Macerich, which owns Paradise Valley Mall and several other shopping centers around the Valley, has long labeled Paradise Valley Mall as a redevelopment property, but when that redevelopment could take place and what it could potentially entail were not known.
Read full article at: https://www.abc15.com/news/region-no...ould-look-like
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  #1032  
Old Posted Dec 15, 2020, 3:36 AM
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Paradise Valley Mall Redevelopment plan...

No date set - looks like 5 story mixed use - basically trying to turn it into Kierland or Scottsdale Quarters. Which may be the best way forward for a lot of these old malls. Hope they can pull it off. Would hate to see this mall die and become a blight like Metrocetner...

https://www.abc15.com/news/region-no...ould-look-like


View article for renderings,.
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  #1033  
Old Posted Dec 15, 2020, 6:22 AM
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It's annoying they can't actually link whatever PUD/zoning/pre-app that they're going for.

I don't quite understand how Macerich is positioning this mall to be some urban destination when they have this 5 acre greenspace on the corner of 32nd St and Tatum...either have the greenspace be a public facility or not.

Seems like they're going to gut the former Sears for this urban residential/community facility project as Macerich owns that parcel as well.

JC Penney and Macy's are dying off and of course those anchors are corporate owned...Metrocenter/Fiesta Mall-style anchor blight is probably foretold here with the exception of that gateway corner--store owners intend to keep their parcels and it's the Dillards on the NE corner that is on its way out.

https://kjzz.org/content/1637202/sto...ure-plans-grow

The mall seems like a challenge to redevelop in any event.
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  #1034  
Old Posted Dec 15, 2020, 12:52 PM
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Originally Posted by combusean View Post
I don't quite understand how Macerich is positioning this mall to be some urban destination when they have this 5 acre greenspace on the corner of 32nd St and Tatum...either have the greenspace be a public facility or not.

Do you mean the green space at the southwest corner of the mall where Cactus Road intersects Paradise Valley Parkway? 32nd Street and Tatum Boulevard are parallel to each other, so they never meet.
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  #1035  
Old Posted Dec 15, 2020, 2:05 PM
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I‘m pretty sure that's a flooding/drainage retention basin for the entirety of the mall, not intended as a green area. Probably can‘t simply do away with it, unless they dispose of all the parking lots and improve the storm drainage system.
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  #1036  
Old Posted Dec 15, 2020, 4:34 PM
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Originally Posted by jvbahn View Post
I‘m pretty sure that's a flooding/drainage retention basin for the entirety of the mall, not intended as a green area. Probably can‘t simply do away with it, unless they dispose of all the parking lots and improve the storm drainage system.
Correct, that is their main drainage facility. However, you can fill it in if needed, all you have to do is install underground tanks within the drive isles and parking areas to handle the same amount of water that the basin currently takes.

At the time the mall was developed, a basin just made more financial sense. But really not that hard to convert to underground tanks if desired now to develop some or all of that land.
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  #1037  
Old Posted Jan 7, 2021, 5:23 PM
ASU Diablo ASU Diablo is online now
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Macy's announced yesterday that the store in PV Mall will be shuttered this year as well. I would expect the same fate for Dillard's in the near future...
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  #1038  
Old Posted Jan 8, 2021, 1:10 AM
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Originally Posted by ASU Diablo View Post
Macy's announced yesterday that the store in PV Mall will be shuttered this year as well. I would expect the same fate for Dillard's in the near future...
Dillard's is already closing at PV Mall. I went there a few days before Christmas, and the store was in the final phase of liquidating its inventory. Once Macy's closes, only JCPenney will remain.

Last edited by exit2lef; Jan 8, 2021 at 1:23 PM.
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  #1039  
Old Posted Jan 15, 2021, 3:53 PM
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Vitri at Scottsdale Quarter

This probably has to be one of the best apartment/mixed use projects in all of AZ, given its design and location at the heart of Scottsdale Quarter. This and Optima set the standard that I hope we see more projects like these around Scottsdale. Also it's by Lennar so says alot about their capabilities in multifamily. If you guys are fans of Culinary Dropout/The Yard, the one here is the best.







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  #1040  
Old Posted Feb 4, 2021, 6:46 PM
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Does anyone have a count/list and any details of the apartment projects under construction on South Scottsdale Road, say between McKellips and Thomas? I drive that way sometimes and it seems like in that two mile stretch there are at least a half dozen projects. If not, maybe I'll see if I can look up the info when I find the time.
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