One Scottsdale moves closer to adding hundreds of condos as commercial space shrinks

Written by Helena Wegner for the Phoenix Business Journal

Hundreds of luxury condominiums are closer to being built within a $1 billion mixed-use community in north Scottsdale.

The Scottsdale Planning Commission on May 13 unanimously recommended that City Council approve the removal of 1.3 million square feet of commercial space to make way for 350 for-sale units within the 126-acre One Scottsdale development.

A date for the upcoming Council meeting was not discussed May 13.

The ownership group for the land requested to make changes to 27 acres in order to build more housing on space previously earmarked for office space.

“This is essentially an infill site within the original 160 acres. The vast majority of the One Scottsdale property is already developed,” said attorney John Berry of Berry Riddell LLC during the May 13 Commission meeting. He is listed as the project’s applicant, along with the law firm Tiffany & Bosco and DMB Associates, Inc.

Berry said the request to add more housing is the result of a changing market, the aftermath of the Covid-19 pandemic and the development of the Arizona Cardinals’ new performance center and team headquarters, just west of Scottsdale Road. The 217 acres of land were acquired last year at auction from the Arizona State Land Department for $136 million.

If Council ultimately approves the additional condo units, One Scottsdale will have a total 2,350 units and a reduction in non-residential space from 2.8 million square feet to 1.5 million square meet, according to the city’s Planning Commission report.

One Scottsdale has been in the works for 23 years

One Scottsdale was originally approved by the city 23 years ago. DMB purchased the land in 2002 in partnership with the Marley-Corrigan Family, according to past reporting. Since then, DMB has sold many parcels to other developers who have constructed a hotel, rehabilitation hospital, restaurants, an office building and multiple luxury residential complexes.

Northern parts of the site that have already been constructed include Exalt Health, a rehabilitation facility; One North Scottsdale Apartments; Avion on Legacy Apartments; a Home2 Suites by Hilton and two restaurants — Qdoba Mexican Eats and Panera Bread.

On the southern portion, there’s Atavia — a 4.5-acre luxury condo community with 88 units that will have 14 four-story buildings with homes priced between $860,000 and $1.7 million. Chicago-based Belgravia Group recently topped out the first phase of construction. Near that is the $100 million Portico development, a 112-unit luxury complex that sold out in 2024. Backed up to Loop 101 is Ilume Innovation Center, a four-story, Class A life sciences and medical office building.

The additional luxury condos would be built within this southern portion and look similar to Atavia, between Legacy Boulevard and Loop 101 with Belgravia Group continuing construction on more condos in the third and fourth phases of the development, Berry said. These units would be on average about 2,200 square feet in size. He also added there will not be any short-term rentals within the development.