By Beth Duckett for The Arizona Republic
Scottsdale has ramped up efforts to spur revitalization in the 8-square-mile corridor south of Osborn Road, which includes neighborhoods surrounding McDowell Road.
In the latest initiative, the city has launched a program to reduce building-permit fees for residential and commercial property owners, which encourages reinvestment, said Kim Chafin, Scottsdale senior planner.
Chafin said the effort will bring more economic activity to the area, boost the construction sales tax, increase property values and encourage other property and business owners to reinvest.
Mark-Taylor opened the San Travesia apartment complex at 75th Street and McDowell Road.
The developer has leased 170-plus apartments, said Chris Brozina, vice president of Mark-Taylor Development. The trend “basically means that we are leasing units faster than construction,” Brozina said.
Next door, SkySong has opened a third building, and groundbreaking on a fourth building is planned for later this year.
Separate retail space facing Scottsdale Road could attract local restaurants and retailers. Both projects could open in 2016, he said.
Read more at The Arizona Republic