By Roland Murphy for Arizona Builder’s Exchange
Claiming a major lack of quality office space in the Downtown Scottsdale area, Stockdale Capital Partners is planning to put in 190KSF of office and 14KSF of retail at the southeast corner of Scottsdale Road and Shoeman Lane (AZBEX, March 6, 2015).
The 2.5 acre site will also feature a six-level, 816-space parking garage.
According to plan documents submitted in support of the project, the lack of high quality office space in Scottsdale in general, and downtown in particular, is causing the city to miss out on high-paying jobs and other opportunities.
Existing office space providers, such as the Galleria Corporate Center, have tenants who are outgrowing their current space, the developers claim, and the new project will allow companies to grow and still remain in the desirable downtown district, while freeing up legacy office space to attract new, smaller business tenants.
While not offering any residential space, the development is intended to function in support of Scottsdale’s live/work/play goals. Sidewalk renovations, landscaping, covered walkways and other pedestrian amenities are planned to complement the ground level retail offerings.
The office component will feature approximately 3KSF of ground floor office foyer and lobby space, with floor plates of approximately 37KSF on tenant floors.
The parking garage will take out an existing ground level lot and replace it with both above- and below-grade levels, which will help alleviate parking concerns in the area, particularly in the “after work” hours. The stated goal is to create a “park once” facility to accommodate all potential users’ needs. Access will be provided from Shoeman and from an existing private drive so as not to impact traffic on Scottsdale Road.
The development team intends to comply with Scottsdale’s Green Building Program and may seek LEED certification moving forward.