By Roland Murphy for Arizona Builder’s Exchange
YAM Properties has submitted a request for development approval to the City of Scottsdale to build a restaurant space on its McDowell Mountain Marketplace property. YAM purchased the site almost exactly two years ago, July 2013, for $14.1M. The purchase did not include the Basha’s anchor tenant.
The shopping center sits at the southwest corner of Bell Rd and Thompson Peak Pkwy in North Scottsdale. The new building will be a 5,904SF restaurant space featuring 3,650SF of patio and a rooftop deck.
No tenant is named for the new restaurant. According to the request, the facility will be a place for families to get together for lunch or dinner and linger on the patio, adjoining lawn area or rooftop deck, all of which will be situated for views of the McDowell Mountains.
The intended design of the new building will be more modern than the traditional Mediterranean styling of the site’s other structures. Continuity will be maintained, however, by matching the existing faux stone and stucco finishes of existing buildings, as well as their color schemes.
In addition to the restaurant space itself, the developer is asking permission to create a sixth entrance into the property to allow southbound traffic easy access to the plaza from the east and maintain traffic flow.
The goal of the project is to expand development on the center’s east side, the only current occupant of which is a bank. The west side features tenants such as Basha’s, Goodwill, salons and spas, among others.