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SCOTTSDALE, AZ-Partners Crescent Communities and Glimcher Realty Trust have broken ground on the 275-unit Crescent Scottsdale Quarter. The $61-million multifamily property is the only residential project right now located in Scottsdale Quarter, a high-end mixed-use retail and office center.
Crescent Scottsdale Quarter will be situated on 2.7 acres on the Greenway Hayden Loop, which is on the northeast corner of Glimcher Realty Trust’s Scottsdale Quarter property. The project is anticipated to open by spring, 2015.
“Scottsdale Quarter is a fashionable hub that offers unmatched amenities yet preserves the beauty of the desert,” says Jim Cauley, senior vice president of Crescent’s multifamily group. “It is the perfect fit for our model of building authentic lifestyle experiences for people, and we are pleased to bring the Crescent approach to luxury multifamily living to Scottsdale.”
Crescent’s six-story building will feature studios, one- and two-bedroom units and an amenity package including a resort-style saltwater pool and two-story fitness center with views of the McDowell Mountains. Crescent Scottsdale Quarter will also be one of the first multifamily properties in Scottsdale to comply with the 2012 International Energy Conservation Code and International Green Construction Code.
Crescent Scottsdale Quarter is financed by equity from Crescent Communities and Glimcher Realty Trust, with a construction loan from Regions Bank. Whiting-Turner Contracting Co. is the builder. The architect is Gromatzky Dupree & Associates. Nelsen Partners, Inc. is the design architect, and Kimley-Horn and Associates is the civil engineering partner.
Scottsdale Quarter is an open-air retail mixed-use development offering 370,000 square feet of retail and restaurant operations and 203,000 square feet of office space. Glimcher Realty Trust is the developer.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 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.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
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 in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Walter Unger CCIM
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix, AZ 85016
Office : 602-445-4141
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