Scottsdale & Paradise Valley Development News

[muertecaza]

Originally Posted by azsunsurfer

Would someone not mind posting the story?

https://www.bizjournals.com/phoenix/...cottsdale.html

Here's the good stuff:

Scottsdale's Development Review Board is set to consider a pair of mixed commercial and residential projects that, if built, will collectively bring more than 500 new apartment units and 20,000 square feet of on-site commercial space.

High Street Residential and Dolce Vita Development LLC are behind the Scottsdale & Gold Dust and Bella Alba projects, respectively, that will be presented at the board hearing on Oct. 6.

Scottsdale & Gold Dust is being proposed to replace a shopping center that was built in the 1990s and located just to the east of Chaparral High School and north of Gainey Ranch Golf Club. The nearby California Pizza Kitchen and Walgreens are not part of the new development, according to the application.

Twenty-five units, or 10% of the 225 proposed Scottsdale & Gold Dust, will be dedicated to workforce housing that would be offered at below-market rates. It would be four stories tall.

On the east and north sides of the ground floor of Scottsdale & Gold Dust would be the commercial space proposed for the project, which would have an address of 10050 N. Scottsdale Road. Plans call for that space to be occupied by live/work units, a co-working space both inside and outside, and a fitness or yoga studio.

When you click on the link, if you hit 'ESC' while the page is loading and time it right, you can read the article.

[azsunsurfer]

The building team is in place for what Sharon Harper calls the "final crown jewel" of the entire SkySong development.

Harper, CEO and chairman of Plaza Companies — the master developer behind the multi-building mixed-use project in south Scottsdale — said there are a couple of letters of intent in place for its sixth building. Once those turn into signed leases that would speak for 25-30% of the available office space, SkySong 6 will be ready to break ground, she said.

CREATE YOUR FREE ACCOUNT
BECOME A MEMBER

Join the Phoenix Business Journal to unlock even more insights!


"The project is permit-ready so we can move very quickly with construction," Harper told the Business Journal. "SkySong 6 is the iconic, final crown jewel of SkySong on the hard corner of Scottsdale and McDowell roads."

The decision to reach a pre-lease threshold before breaking ground on SkySong 6 was determined by the development's ownership group and its investors.

Health care, tech firms interested in leasing
"We look forward to getting to that point in the not-too-distant future," Harper said. "We're in conversations with a number of different groups. We have some letters of intent that we'll look to put those leases in place as a next step. I would expect it's going be two to three different companies that collectively will get us to the percentage we're interested in."

Lee & Associates' Andrew Cheney, a leasing broker for SkySong, said he's been talking with technology, health care and engineering firms to possibly lease at the space. Cheney added that those firms along with software and professional service groups could be good fits at the 340,000-square-foot, L-shaped office building. The building will be six stories and will offer 55,000 square feet across each of the six floor, he said.

Upon breaking ground, Harper expects construction on the office building and the parking deck to take place over 16 to 18 months. Layton Construction and Butler Design Group have signed on to be the project's respective general contractor and architect, she said.

SkySong 6 has been in the works since 2018. The project had been pushed back because of the Covid-19 pandemic, Harper said.

[IndyAZ]

Looks like Optima McDowell Mountain passed City Council on Monday barely in a contentious 4-3 vote. They have DRB and Scottsdale Airport approval as well.

Trying to figure out the final heights though, it was published before it went to council that it was (3) 9-story and (3) 10-story with rooftop pool decks and height up to 133' and 1,390 total units.

Article from Biz Journal states that they made changes prior to vote and the project is now (6) 8-story buildings up to 118' each and a total of 1,330 units. That is only a drop of 15' and 60 units yet they are technically losing nine total floors across the entire project? The math doesn't seem to add up. I am wondering if they just dropped the (3) 10-story buildings down to 9 and we are getting (6) 9-story buildings? That would make sense with a loss of 60 units, approximately 20 units per floor, and only 15' in total height. Does anyone have concrete info on final height/floor counts?

https://www.bizjournals.com/phoenix/...%20feet%20tall.

[Mr.RE]

Originally Posted by IndyAZ

Looks like Optima McDowell Mountain passed City Council on Monday barely in a contentious 4-3 vote. They have DRB and Scottsdale Airport approval as well.

Trying to figure out the final heights though, it was published before it went to council that it was (3) 9-story and (3) 10-story with rooftop pool decks and height up to 133' and 1,390 total units.

Article from Biz Journal states that they made changes prior to vote and the project is now (6) 8-story buildings up to 118' each and a total of 1,330 units. That is only a drop of 15' and 60 units yet they are technically losing nine total floors across the entire project? The math doesn't seem to add up. I am wondering if they just dropped the (3) 10-story buildings down to 9 and we are getting (6) 9-story buildings? That would make sense with a loss of 60 units, approximately 20 units per floor, and only 15' in total height. Does anyone have concrete info on final height/floor counts?

https://www.bizjournals.com/phoenix/...%20feet%20tall.

They most likely changed the unit mix of the project. Added more studios/one beds in lieu of two's and threes. Typically their top floor units are their largest, most expensive floorplans. Either way, this will be a dense project!

[IndyAZ]

The would require changing the floor plans and unit mix drastically after the DRB approval, which is a substantial amount of work and doesn't explain the drop of only 15'. I'm guessing (and hoping) the article is wrong and they are all 9-story. Also, Optima normally doesn't have a heavy mix of studios since they cater to a higher-end crowd which tends to want 1 and 2 bedroom units and the article says the smallest units (studios) are 775 SF which is a pretty sizable studio anyway. I agree though, either way its a huge and dense project!

[CrestedSaguaro]

Despite modifications to make a more feasible development, councilwoman Kathy Littlefield opposed the project. She also brought up concerns over possible future noise complaints from aircraft at Scottsdale Airport, which is located just miles from the proposed site.

I find it hard to believe councilwoman Littlefield would oppose this due to the noise-level of the Scottsdale Airport which is at a minimum of 2 miles away from the project location. Also, the airport runs in a SW/NE direction which places the sound from departing or landing aircraft completely away from the project location. I find it amazing that some Scottsdale council members will look for any reason against density and height. Fortunately, 4 out of 7 council members saw it the other way. This will be a great project for that location.

[xymox]

So the crane count went up by one in the NE Valley. The Mayo Clinic has a new tower crane up. Are they building a new wing?

[IndyAZ]

Originally Posted by xymox

So the crane count went up by one in the NE Valley. The Mayo Clinic has a new tower crane up. Are they building a new wing?

No, it's for the West Tower that was recently built and opens in December. There is currently a small gap between parts of the existing hospital and the new tower that need to be completed once the new Emergency Department opens.

[Obadno]

Originally Posted by xymox

So the crane count went up by one in the NE Valley. The Mayo Clinic has a new tower crane up. Are they building a new wing?

Mayo has been undergoing a 2 billion dollar expansion for a couple of years now, I believe they have a whole other building similar to the one just completed yet to go plus asu it’s sort of medical school is expanding

[IndyAZ]

Originally Posted by Obadno

Mayo has been undergoing a 2 billion dollar expansion for a couple of years now, I believe they have a whole other building similar to the one just completed yet to go plus asu it’s sort of medical school is expanding

The new 3-story education building under construction is actually Mayo's medical school, they partner with ASU next door, but its Mayo's building.

You are correct there will be another future clinical building (no clue when), but also all the buildings still have more vertical expansions to go, the building they just increased from 3 to 7 stories will get another 8 levels over time taking it to 15 stories. The others will get another 2-3 floors as well.

[skiesthelimit]

Flew in from Chicago right over the North Scottsdale and PV mall developments, thought ya’ll would appreciate some pictures from above!

PV Mall:


North Scottsdale/Mayo:

[mutayo]

Here's a good article to read if anyone feels like getting nice and worked up:

https://azbex.com/local-news/bisnow-...e-development/

[azsunsurfer]

If anyone cares....the old car dealership West of Scottsdale and McDowell was recently demolished...This is to make way for another 4 story apartmenter with a ground floor market fronting McDowell. Cool to see some more density near Sky Song/ Papago. Also Encantrada is building the apartment phase close to McDowell and the Canal.

[xymox]

Optima McDowell Mtn was approved by city council - limited to 8 stories for each of 6 buildings. Project total is $1B. Breaks ground next year. Hopefully it leads to taller projects along the L101 corridor from there to the west...

https://azbigmedia.com/real-estate/1...round-in-2023/

[CrestedSaguaro]

Originally Posted by azsunsurfer

If anyone cares....the old car dealership West of Scottsdale and McDowell was recently demolished...This is to make way for another 4 story apartmenter with a ground floor market fronting McDowell. Cool to see some more density near Sky Song/ Papago. Also Encantrada is building the apartment phase close to McDowell and the Canal.

Thanks for posting. Have gone by that site a few times and keep forgetting to look up what's happening there. Even though it's another 4 story residential development, it's still amazing how dense this stretch has become from the Galvin/64th to Scottsdale Rd. Such a huge difference from what it was 6 years ago.

[az_daniel]

I am such a fan of Optima's design language. It will stand out against all the other generic apartments going up in the area. This will be a great addition. I know it is not their market, but i am praying to the development gods that one day we see an optima in downtown Phoenix.

[combusean]

Optima doesn't really do mixed use all that well, I think they'd work adjacent to the downtown core/commercial areea maybe by Hance Park or somewhere that language would stand out and relate to the built environment more. There are plenty of lots that could use the investment like the big one surrounding enHance.

[azsunsurfer]

https://eservices.scottsdaleaz.gov/p...46_DR_2022.pdf

Really cool development for Marshal Way. I wish there were more areas of Phoenix Metro that would allow for more of these narrow type mixed use lots that we generally see in dense cities!

[CrestedSaguaro]

Originally Posted by azsunsurfer

https://eservices.scottsdaleaz.gov/p...46_DR_2022.pdf

Really cool development for Marshal Way. I wish there were more areas of Phoenix Metro that would allow for more of these narrow type mixed use lots that we generally see in dense cities!

They're popping up here and there. I've seen quite a few of them scattered in between around the core. Nice to see more and more of these popping up everywhere.

[combusean]

This one is unique because of the parcel ownership but the problem with these buildings is that they only arise when the market is constrained enough to allow them to pencil out but the rents, etc tend to be very expensive.

Ideally, like, the entire side of the block would be assembled into a larger and taller structure, but this being Scottsdale they're probably not going to get more than 4 stories anyways, at least not in a safe bet.