$350M Condos to Break Ground








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Last Updated: October 24, 2014  By Kristian Seemeyer       | Phoenix

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PHOENIXLuxury, sustainable condominiums are slated to hit the market in Scottsdale when The Sterling Collection at Silverleaf launches sales in early November at the $350 million development, one of the largest luxury residential projects in the Southwest. The condos are located at Thompson Peak Parkway and Legacy Drive.

Developed by Scottsdale-based Cypress Development Group, The Sterling Collection at Silverleaf will be one of the most luxurious condominium community to ever be developed and sold in Arizona as defined by its exclusive location, proposed LEED-certified building techniques, effortless ownership services, world-class amenities and distinctive finishes. The project is adjacent to Cypress’ Sterling at Silverleaf community of luxury, LEED-certified villas.

Priced from the low $1 million, the 213 condominiums will feature one-, two- and three-bedroom floor plans, with options for an added den, and range in size from 1,600 to 3,400 square-feet. Several exclusive penthouses averaging 2,500 square-feet will grace the top floors. The exclusive collection of five, four-story private buildings will feature sustainable silver-level LEED new construction, state-of-the-art automated valet parking and private elevators that open directly into each home.

All condominium residences will feature top-of-the-line, custom finishes including Calcutta marble countertops in the kitchen, Pro-Series Sub-Zero and Wolf appliances, natural stone and wood floors, custom cabinetry, ceilings exceeding 11 feet, LED lighting, expansive terraces, professionally designed walk-in closets with custom cabinetry, his and hers bathroom vanities and deep soaking tubs in the master bathroom. Each residence has a built-in iPad system that controls the home automation and security systems providing the ability to remotely control every element within the home such as audio, video, lighting, window coverings and security. Also unique to the community is the steel frame Type I construction, which is atypical for such low-density developments.

Tanner Luster, president of Cypress Development Group, tells GlobeSt.com, “The target market will be the 45 to 65-year old range. These are second and third home buyers who don’t want any maintenance. They may be scaling down from an 8,000 to 10,000-square-foot home but still want the exclusivity of a country club.”

Homeowners have access to a 7,000 square-foot Resident Lounge with a demonstration kitchen, private dining room, library, fireplace, flat screen TVs and a conference room.

Additionally, The Sterling Collection will be the first community on the West Coast to debut a robotic valet, which is an automated parking system. The innovative system uses omni-directional, battery-powered robots and a robotics guidance system to carry vehicles parked on self-supporting steel trays to and from storage spaces. At the touch of a button, homeowners can call-up their vehicle to arrive in minutes. The system uses robots and lifts to store and retrieve vehicles without the damage and privacy issues that come with valet drivers.

“This is one of the things we’re most excited about,” says Luster. “It’s something we’ve seen in New York City and Miami in the most exclusive condos—though it’s been used for a long time in Europe. We got to see it work. You just hit a touch-screen button and there you are. These buyers have high net-worth cars and we really took that to heart. This is the solution that best fit the product.”

The condos border the Sonoran Mountain preserve so there is access to mountain biking and hiking. It is also in close proximity to Scottsdale Airpark for those with private planes.

A priority interest list is currently being developed with a sales gallery and model opening in early November. Construction will begin in the first quarter 2015 with anticipated move-in by early 2016. The Kor Group, well known for creating the Viceroy Hotel brand and developing one-of-a-kind lifestyles experiences that build lasting value for homeowners and local communities, is leading the sales and marketing of The Sterling Collection.




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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.





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