“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “
Also Call me if you need an estimated value of your Property.
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Direct : 602-759-1209, Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
THE PALMERAIE / scottsdale meets paradise valley
Real Estate / Commercial Real Estate / Construction / $2 billion Palmeraie project breaks ground in Scottsdale. REAL ESTATE | 15 Feb | ALEXA BUECHLER
The Palmeraie’s initial phase, which broke ground Wednesday, encompasses approximately 160,000 square feet of high-end, mixed-use space located on 18 acres at the corner of Scottsdale Road and Indian Bend bordering the posh town of Paradise Valley.
Five Star Development broke ground for the first phase of a master-plan community called The Palmeraie on Wed. Feb. 13.
The 122-acre community is on the border of Scottsdale and Paradise Valley. The first phase of the $2 billion community will be completed by the end of 2020. The area connects luxury living spaces to high-end retail and shopping centers with outdoor walking paths.
The world-renowned Fendi announced that it will be designing 41 private residences within the residential community. The Fendi Private Residences will be the company’s first ground-up residential project in North America. The architect and designer of these private residences is led by Marco Costanzi, who designed the FENDI Private Suites and its headquarters in Rome.
The residential and resort part of the community will also feature 215 hotel rooms, 81 single level villas and 39 estate homes, which are owned, serviced and managed by Ritz-Carlton, Paradise Valley. This section of the complex is already underway and destined to open in spring 2020. The villas are priced from mid to $1 million, and the estates have a starting price of $5 million.
The estates will display three different styles: Prairie style (as an homage to Frank Lloyd Wright), modern and “Modernterranean,” which is a modern interpretation of Mediterranean style.
“There will be no two homes the same side by side, so it really creates a natural-feeling neighborhood that is going to be absolutely awesome,” said Brendan Mann, president of The Solvere Group, which is taking care of the real estate sales on behalf of Five Star Development.
The Palmeraie will have over 60 boutiques in the first phase. One of which will be Hermès’ first Arizona location; Fendi will also have a boutique. The first phase will include up to 12 restaurants, which will include farm-to-table concepts and open air terraces.
“(The shopping center) is about a lush, color-filled element of discovery,” Mann said. “The architecture has lots of different textures; there are different elevations for materials, and it really is going to be super green and filled with flowers… When you come to the Palmeraie, you’re going to get out of your vehicle, park it with the valet, get into the shopping area and every little corner is going to drive you further and further in because of something new to see.”
Mann said the challenge is competing with Amazon and the world of online shopping. “They’ve got to create an experience that’s unique and fun,” he said.
Mann compared The Palmeraie to iconic locations such as Rodeo Drive. With Mount Camelback overlooking the location, Mann said, “They’re going to want to come here and see how awesome it is. It’s just spectacular. I think a lot of people don’t associate it with luxury because it’s in Arizona, and I do believe that The Palmeraie is going to put Scottsdale on the map, on a worldwide platform.”
Mann said that most of the sales so far come from locals to Arizona, not people from out-of-state or even out-of-country. “I think it will really benefit the community,” Mann said. “You can just go down and have a cup of coffee and enjoy being at The Palmeraie, which is not like any other shopping experience.”
The developers behind this concept, Five Star Development, is a family-owned business that pursues multimillion dollar residential and class A industrial projects. “The world’s leaders in fashion and culinary are taking notice of what we are creating here at The Palmeraie and Scottsdale’s emergence as a key, important strategic global destination,” Jerry Ayoub, president and CEO of Five Star Development, said in a statement.
SEE IT ALL: https://azbigmedia.com/2-billion-palmeraie-project-breaks-ground-in-scottsdale/
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME – Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net CLICK HERE TO VIEW ALL MY LISTINGS
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 8, 2019, Phoenix Arizona Metro.
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Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
CELL: 520-975-5207
Direct: 602-759-1209
Office: 602-445-4112
Fax: 602-865-7461
CLICK HERE TO VIEW ALL MY LISTINGS
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. … CLICK HERE TO VIEW ALL MY LISTINGS.
Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
History of Arizona from 900 BC – 2017 -Timeline.
8 Reasons You Should Invest in Land
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
CELL: 520-975-5207
Direct: 602-759-1209
Office: 602-445-4112
Fax: 602-865-7461
CLICK HERE TO VIEW ALL MY LISTINGS
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Direct : 602-759-1209, Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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