In two more weeks, members of the Scottsdale Planning Commission will consider a request for an amendment to the city’s zoning district map submitted by a Los Angeles-based developer who wants to build a big mixed-use project.
That project, as envisioned by Stockdale Capital Partners, will go up on a 10.2-acre site and will see the construction of more than 500 residential units, as well as just over 580,000 square feet of commercial space.
Officially called the Scottsdale Collection, the project will be located within the city’s Entertainment District, and will be built next door to another Stockdale project seeing the development of the 2.1-acre Marquee office complex.
The Scottsdale Collection project has been long in the planning stage and subject of several public input meetings. Earlier this summer it won the approval of the city’s Development Review Board.
As planned, the project will also include a significant amount of green space.
In an earlier statement, Shawn Yari, co-founder of Stockdale, remarked, “We have a positive plan focused on the arts, shade, engaging architecture, and significant pedestrian improvements.”
Due to the impact of the pandemic economy, the project has encountered some investment challenges. “Stockdale has proceeded with funding some of the development out of pocket,” reports the Phoenix Business Journal, “and will move forward with those elements when the lending market frees up.”
A vertically-integrated real estate investment firm, Stockdale has been increasing its presence in southern Arizona. In September it secured zoning approval in Scottsdale for the building of a $25 million boutique apartment complex called Canalside.
First phase work on the Scottsdale Collection could begin next summer.
By Garry Boulard
