Three proposals that could bring more than 1,500 apartments to the Scottsdale Airpark area have obtained the Planning Commission's endorsement.
Commissioner Jay Petkunas stressed the need for housing in the Airpark area and said the three plans would accommodate that growth.
"The general gist is, we all feel it's a good area for (multifamily residential)," commission Chairman Michael D'Andrea said. "We've heard from three quality people in the community who have done great things."
The commission recommends the City Council approve the proposals, which all seek a change to the Greater Airpark Character Area Plan to allow mixed-use residential buildings. The change could lead to more than 3,300 residents in the area.
The council is scheduled to consider the proposals on Oct. 18. Last year, the council rejected including residential in the three areas targeted by the proposals.
They are:
- The Residences at Zocallo Plaza, which would be a four-building, apartment complex on 5.82 acres near the northwestern corner of Greenway-Hayden Loop and 73rd Street, north of the Scottsdale Quarter and south of the Scottsdale Promenade. The change could attract an estimated 543 residents and 240 units.
The owner of the property is Scottsdale Place LLC.
- An apartment complex on a 12.2-acre site south of Hayden Road and west of Northsight Boulevard. The change would draw an estimated 1,271 people and 605 residential units.
The owner of the property is Joe Cardinale.
- A mixed-use development, with residential and commercial, on the 32-acre site that houses CrackerJax Family Fun and Sports Park, on Scottsdale Road south of Paradise Lane. The change in land use could bring in 1,584 residents and 720 residential units.
The owner of the property is HGJ Investments.
Zoning attorney John Berry, representing Scottsdale Place, said residents of the proposed Zocallo complex would be able to walk to nearby retail, restaurants and employment. They would generate additional sales-tax revenue to the city, he said.
Sunrise Luxury Living, a multifamily residential developer in the western U.S., would develop the complex on the site, which currently houses an auto dealership that closed more than two years ago.
Michael Curley, an attorney representing Cardinale, said multifamily housing is badly needed near Scottsdale Airport.
"Retail on the east side of the airstrip is really suffering," he said.
The CrackerJax proposal would be a "true mixed-use project" in which residents could walk to nearby retail and office, said Mike Withey, the attorney representing HGJ Investments.
It would be developed by Woodbine Southwest, which developed the nearby Kierland Commons on the west side of Scottsdale Road.
by Edward Gately The Arizona Republic Sept. 30, 2011 12:00 AM
Scottsdale Airpark multifamily housing plans advance
Sunday, October 2, 2011
Real Estate News
Reuters: Business News
National Commercial Real Estate News From CoStar Group
Latest stock market news from Wall Street - CNNMoney.com
Archive
-
▼
2011
(704)
-
▼
October
(87)
- Reagor: Revised program targets underwater homeowners
- Economists warn housing prices will lose more ground
- Pending home sales fell 4.6% in Sept.
- Scottsdale condo prices up nearly 5% as foreclosur...
- $1.6 billion Prasada project stays on track in Sur...
- Judge approves Chapter 11 for Realty Executives
- Economy picked up over summer
- Scottsdale approves 2nd plan for apartments near a...
- New-home sales up 5.7%, builders slash prices
- Sarkozy Turns to Hu for China Aid as Europe Expand...
- Greece to get 100 bil euros in more rescue loans
- Home prices up in half of major US cities
- Banks score higher in satisfaction survey
- Ad blasts Romney housing comment
- Arizona underwater homeowners to get refinance help
- Phoenix homes, part of segregated past, demolished
- Debt crisis plan is not yet ready
- Massive West Valley development to launch
- Europe's big banks under pressure in crisis
- Developer lays out ideas for dude ranch in Scottsdale
- Combs: Seller isn't absolved in 'as is' sale
- Realtors decry potential loss of mortgage deduction
- Wall Street Has Worst Quarter Since Crisis in Bank...
- Arizona unemployment rate down in September
- Scottsdale council OKs first plan for apartments n...
- Scottsdale Waterfront rides wave in low tide
- Citigroup to pay $285 mil to settle SEC fraud charges
- Chase's CEO backs a bright outlook
- Origination News - NAR: Lower GSE Loan Limits Alre...
- Perspective: Problem with Housing 2011
- Office-space rent prices decline in Valley
- The new normal: Higher bank fees are here to stay
- Think before switching banks
- Fed: Crisis alters central-bank focus
- Middle-class homeownership dream may be slipping away
- World population nearing 7 billion
- Mortgage fraud plea involves 40-plus homes
- TDI proposes 667 apartment units for One Scottsdale
- Phoenix seeks to cancel $97.4 million pact with Ci...
- Myths, misperceptions about credit scores rampant
- EU exec, France want voluntary bank deal on Greece
- Report: Fewer foreclosures slowed Sept. resales in...
- Fed minutes: 2 policy makers saw need for bolder s...
- Scottsdale Airport Commission rejects apartment pr...
- FDIC backs ban on banks trading for own profit
- Interest in Scottsdale McDowell Corridor redevelop...
- Census numbers detail Arizona's housing bust
- China investment arm buys bank shares to support m...
- Scottsdale entrepreneur thinks inside the box
- European Central Bank offers banks new emergency l...
- Germany, France devise bank plan
- Moody's sees Volcker rule as credit negative for b...
- Windows of time
- Scottsdale-area home prices edge up in 3 areas
- Phoenix-area home prices remain too cheap
- Phoenix-area real estate collapse echoed troubles
- Phoenix-area home price changes vary greatly
- Realty group opens office in Scottsdale
- Gold drops 1 percent after Italy, Spain downgraded...
- Work to start on renovating retail center
- Rush is on to build 3,500 apartments in Scottsdale
- Mixed-use project coming to Arcadia
- Interest in Scottsdale McDowell Corridor redevelop...
- Maricopa County tops list for home vacancies
- Census: Housing bust worst since Depression
- Phoenix-area bankruptcy filings continue to drop, ...
- Recent data on housing show things looking up
- CBRE Investors pays $53.5 mil for operations hub
- Proposal to shape access to Sonoran Desert
- Sales up 20% at Scottsdale's Windgate Ranch
- Home prices up for 4th month
- Seattle investors buy W. Phoenix apartments
- Ex-leaders of Radical Bunny face SEC grilling
- Arizona trying new ways to assist homeowners
- Moving to downtown Phoenix has saved couple lots o...
- Reagor: Few details on plan for refinancing
- Rental housing becoming less affordable
- Fulton Homes to open 3 new subdivisions | Central ...
- Cross collateralization can trip up borrowers
- IMF vows to tackle Europe debt troubles
- Scottsdale Airpark multifamily housing plans advance
- Developer leaves Glendale, Scottsdale picking up p...
- Fed plan, fear push 10-year yield to record low, b...
- Seized lands to be placed on auction block
- IMF downgrades its outlook for U.S., Europe
- Agency encourages short sales by offering money
- Doubting value of owning a home
-
▼
October
(87)