If everyone is thinking alike, then somebody isn’t thinking.
George S. Patton
Posted on January 22, 2013 by Peter Madrid
TDI Real Estate Holdings of Irving, Texas, has begun construction on the first phase of a project that will bring up to 750 units of luxury housing to Scottsdale.
Construction on Phase One of Jefferson at One Scottsdale is presently underway on 388 units scheduled for completion in 2014.
The site is located within the One Scottsdale master-planned development located at the NEC of the 101 Freeway and Scottsdale Road in the heart of the growing north Scottsdale corporate corridor.
The 80-acre mixed-use property is planned for specialty retail, dining, Class A office and hotel uses, along with a variety of luxury residential choices. The corporate component is anchored by Dial/Henkel North American Headquarters and the retail mixed-use component is owned by DMB Associates, Inc. in partnership with national retail developer Macerich.
“We will be offering the market a superior product with unprecedented amenities and an ideal location near employment centers and adjacent to the Grayhawk luxury golf course,” said Gus Villalba, TDI Executive Vice President and Investment Partner.
“Jefferson at One Scottsdale will be the premier luxury multi-family project in north Scottsdale to meet a growing demand for upscale housing in this submarket, which is a major employment center for the region.”
The first phase will consist of 178 one-bedroom/one-bath apartments, 186 two- bedroom/two-bath apartments and 24 three-bedroom/three-bath apartment units. Residents will be able to enjoy a 10,800 SF clubhouse, lounge, media room, two resort size swimming areas with spa, 294 garage spaces, 182 carport spaces, 9-foot ceilings, outdoor storage units and Wi-Fi access in all common areas. The entire complex will be access controlled.
Financing was arranged by HFF (Holiday Fenoglio Fowler, L.P.) and HFFS Securities L.P. with a construction loan through Texas Capital Bank and The PrivateBank and mezzanine financing from Behringer Harvard.
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 Investment Properties in Phoenix.
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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 Commercial Landspecialist in Arizona.
1.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
In my opinion we are at or near the bottom of the cycle in Commercial Real Estate in Phoenix 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.
2.
IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME. IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.
3.
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.
Since I was a Land Specialist in Arizona and a Land Speciaost in Phoenix many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.
Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales. I have been working with banks for many years – I learned how to work with them.
If you have any questions about the 1 to 3 above, 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 walterunger@ccim.net or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Thank You
Walter
Walter Unger CCIM
Associate Broker
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix,AZ85016
Cell: 520-975-5207
Direct: 602-759-1202
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