By Eric Jay Toll for The Arizona Builder’s Exchange
With a spate of new luxury apartment buildings going up or being renovated around the Valley, Deco Communities may be one of the first in asking Scottsdale to green light a luxury condominium project. The developer seeks a general plan change and zoning amendment for a 10± acre, L-shaped parcel on the northwest corner of Thompson Peak Pkwy. and Bell Rd.
Switching from Commercial Office to Multi-Family Residential – the parcel also carries an Environmentally Sensitive Lands overlay district – the applicant wants to build 104 luxury condominium units between single family homes and a small CVS-anchored commercial complex.
Originally part of the Windgate Ranch development, the site was changed from single family residential to commercial in 2005. The interior of the “L” is developed with retail stores, a bank and undeveloped office pad. There is little demand for the small-scale office suites that would be permitted by the current classification.
The density requested allows up to 23 units per acre. However with the sensitive lands consideration and the market for luxury units, the proposed 104 dwellings calculates to a density of 10.58 units per acre. The two-story buildings will be arranged to preserve view corridors and smooth transition to adjoining single family development.
Read more at Scottsdale.gov