WATERVIEW SCOTTSDALE
Transcript of WATERVIEW SCOTTSDALE
David Fogler+1 602 224 4443 [email protected]
Steven Nicoluzakis+1 602 224 4429 [email protected]
A Premier 240-Unit Fully Entitled Multifamily Development SiteEAST OF THE NORTHEAST CORNER OF SCOTTSDALE ROAD & CAMELBACK ROAD | SCOTTSDALE, ARIZONA
W A T E R V I E W S C O T T S D A L E
CAMELBACK MOUNTAINPARADISE VALLEY
SCOTTSDALEFASHION CENTERSCOTTSDALE
WATERFRONT
OPTIMA SONORAN VILLAGE CONDOS
SAFARI DRIVECONDOSW HOTEL
DOWNTOWN SCOTTSDALEENTERTAINMENT DISTRICT
GALLERIACORPORATE CENTER
OLD TOWNSCOTTSDALE
OPTIMA CAMELVIEWVILLAGE CONDOS
FIRESKY RESORT & SPA
PORTALESFINANCIAL CENTER
PHOENICIAN RESORT& GOLF COURSE
CAMELBACKCORRIDOR
MIDTOWN PHOENIXDOWNTOWN PHOENIX
PLANNED5 STAR HOTEL
CHAPARRAL SUITES SCOTTSDALE
SAGESCOTTSDALE
CAMELBACK ROAD
SCOTTSDALE ROAD HIGHLAND AVENUE
CHAPARRAL ROAD
ARCADIA
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Cushman & Wakefield is pleased to present a unique opportunity to purchase a 240-unit premier, entitled multifamily development site in Downtown Scottsdale’s prestigious waterfront district. This rare site is located along the Arizona Canal, within walking distance of Scottsdale Fashion Square and Downtown Scottsdale’s world class Entertainment District with its vibrant nightlife. This is truly the best development site currently available in Arizona.
The opportunity consists of approximately 6.1 gross/5.3 net acres of developable land located east of the northeast corner of Scottsdale Road and Camelback Road. This fully entitled development site is approved for 240 residential units and four stories. Today’s generation of “by choice renters” are looking for a unique and central living environment. WaterView Scottsdale is that exceptional site, providing all of that and more. Located just east of Scottsdale’s premier intersection of Scottsdale and Camelback Roads with frontage along the Arizona Canal, the site offers prestige, convenience and walkability to the best shopping, dining, entertainment venues and workplace spaces in Arizona.
WaterView Scottsdale is adjacent to some of Arizona’s finest shops and restaurants located at Scottsdale Fashion Square, The Waterfront and Southbridge. As Arizona’s premier destination shopping mall, Scottsdale Fashion Square features many of the world’s top retailers including Dillard’s, Nordstrom, Neiman Marcus, Macy’s and a complete line-up of specialty retailers, as well as a new Harkins Theater which features 14 screens and unparalleled luxury amenities. Downtown Scottsdale offers a multitude of restaurants, galleries, entertainment and cultural venues all within a short walk of the site.
Access to employment sources is unsurpassed. Downtown Scottsdale features major employers such as Yelp, Scottsdale Healthcare, Omega Financial, IT Toolbox, Concord Servicing, Sacks Tierney Law, CNA Insurance, Q Financial, McKesson, Blue Global Media, Le Cordon Bleu College of Culinary Arts and Walton Consulting. In addition, the office-laden Camelback Corridor is located only minutes away.
THE OFFERING
W A T E R V I E W S C O T T S D A L E
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W A T E R V I E W S C O T T S D A L E
RENDERING - RESIDENTIAL ENTRY DRIVE VIEW FROM 73RD STREET
THE BEST ENTITLED MULTIFAMILY DEVELOPMENT OPPORTUNITY AVAILABLE IN ARIZONA
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W A T E R V I E W S C O T T S D A L ETHE SITE DETAILS
NOT A PART
Total Gross Land Area ±6.1 Acres | 265,716 Square Feet
Total Net Land Area5.262 Acres | 229,223 Square Feet(Lot 3- Multifamily/Open Space)
Number of Units 240
Density 39.3 DU/AC Gross | 45.6 DU/AC Net
Average Unit Size Per Plan 906 Square Feet
Total Parking Provided 436 Spaces
Approved Building Height 66’
73rd Street Setback 20’
Approved Building Area (Gross) 262,162 Square Feet
Design ArchitectGMP Architects | gmparchitects-la.com(213) 234-9118
Zoning AttorneyJohn Berry | berryriddle.com(480) 385-2727
Zoning Case # 19-ZN-2015, City of Scottsdale
Development Review Board Approved 5-0 | May 5, 2016
Planning Commission Recommended 6-0 | May 25, 2016
City Council Approved 5-2 | June 21, 2016
Approved Zoning D/DMU-2 PBD DO, City of Scottsdale
FULLY ENTITLED
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W A T E R V I E W S C O T T S D A L E
RENDERING - RESIDENTIAL VIEW LOOKING NORTH DOWN 73RD STREET
THE BEST ENTITLED MULTIFAMILY DEVELOPMENT OPPORTUNITY AVAILABLE IN ARIZONA
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W A T E R V I E W S C O T T S D A L E
GROUND / 1ST LEVEL PLAN
1ST/GROUND LEVEL5' - 0"
2ND LEVEL15' - 0"
3RD LEVEL25' - 0"
4TH LEVEL35' - 0"
MEZZANINE LEVEL45' - 0"
UPPER ROOF LEVEL55' - 0"
CANAL BRIDGEOUTDOOR ADULT RECREATION PAVILLIONTWO LEVEL FITNESS PAVILION
TRAIL ACCESS
10' -
0"10
' - 0"
10' -
0"10
' - 0"
10' -
0"50
' - 0"
RESIDENTIAL OPEN SPACEVIEW CORRIDOR
1ST/GROUND LEVEL5' - 0"
2ND LEVEL15' - 0"
3RD LEVEL25' - 0"
4TH LEVEL35' - 0"
MEZZANINE LEVEL45' - 0"
UPPER ROOF LEVEL55' - 0"
10' -
0"10
' - 0"
10' -
0"10
' - 0"
10' -
0"50
' - 0"
TRAIL ACCESS CLUB ROOM / LOBBY LEASING PAVILLIONRESIDENTIAL OPEN SPACE MOTOR COURTOPEN SPACE
04.14.2016 2.10CANAL ELEVATIONS
RESIDENTIAL PROJECTRESIDENTIAL PROJECT
0 20 40105
1" = 20'KEYPLAN
A R I Z O N A C A N A L
7 3 R D S T R E E T
C A M E L B A C K R D.
OPEN SPACE
H O T E L
R E S I D E N T I A L R E S I D E N T I A LS.R.P.
SUBSTATION
2 1 1" = 20'-0"CANAL ELEVATION SOUTHERN PORTION 2
1" = 20'-0"CANAL ELEVATION NORTHERN PORTION 1CANAL ELEVATION - NORTHERN PORTION
THE SITE PLAN
THE ELEVATION
W A T E R V I E W S C O T T S D A L E
182,727POPULATION
43.8%B AC H E LO R ’ S
DEGREESOR ABOVE
$81,326AVERAGE
HOUSEHOLDINCOME
39.9MEDIAN
AGE
189,865WORKFORCE
$298,796MEDIAN HOME
VALUE
Downtown Scottsdale Demographics
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W A T E R V I E W S C O T T S D A L EAREA AMENITIES
142RESTAURANTS
WITHIN A 1-MILE RADIUS
281RETAIL STORES
28BARS &NIGHTCLUBS
In Scottsdale, where shopping is a sport, Scottsdale Fashion Square is considered the MVP. Recognized as one of the top visitor destinations in Arizona, Scottsdale Fashion Square shoppers can indulge in treasures from over 250 stores including Neiman Marcus, Nordstrom, Burberry, Kate Spade, Gucci, Louis Vuitton, Tiffany & Co., Prada, CH Carolina Herrera and Salvatore Ferragamo. The mall recently added an additional ±130,000 square feet that included a 14-screen Harkins theatre and ±50,000 square foot Dick’s Sporting Goods.
Downtown Scottsdale offers a wide range of restaurants, entertainment and cultural venues all within a short walk of the site with dozens of restaurants and over 80 nightlife options, including wine bars, lounges, sports bars and high-energy dance clubs.
Adjacent to Scottsdale Fashion Square is the Scottsdale Waterfront, a 1.1 million-square foot project that includes retail, office, restaurant and high-rise residential living. Boutique Retailers include Urban Outfitters, High Point, David’s Bridal and Primp & Blow. The Waterfront is home to the Fiesta Bowl Museum. Cross the Arizona Canal and you will find Southbridge District, with a diverse collection of locally owned stores and services.
Downtown Scottsdale has the most excitement per city block with dozens of restaurants and over 80 nightlife options, including wine bars, lounges, sports bars and high-energy dance clubs. No matter what your tastes, you will find a menu to satisfy your cravings. Downtown Scottsdale restaurants include Cowboy Ciao, Barrio Queen, Sushi Roku, Citizen Public House, The Lodge, Roaring Fork, P.F. Chang’s, Culinary Dropout, Olive & Ivy, Wildfish and Sauce. Downtown Scottsdale’s entertainment district is the place to be. Whether its drinks at the bar or a night of dancing, there is something for everyone. Party and dance the night away at Downtown favorites, Shade or Living Room at the W Hotel, The Mint or Dierks Bentley’s Whiskey Row. If you prefer a more laid back atmosphere try the rustic-themed The Lodge or the old-school Casablanca Lounge. Day or night, enjoy the party beach side in your own private cabana at Sunset Beach at the W or Maya Day and Nightclub.96
ARTS, ENTERTAINMENT& RECREATION VENUES
11,856TOTAL BUSINESSES
29,075PARKING SPACES
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W A T E R V I E W S C O T T S D A L E
AREA SHOPPING
WITHIN A 1-MILE RADIUS
Armani Exchange
Abercrombie & Fitch
ALDO
Nordstrom
American Eagle Outfitters
Ann Taylor
Anthropologie
Bath & Body Works
bebe
Hugo Boss
Brighton
Brookstone
Bvlgari
Burberry
Cartier
Charming Charlie
Charlotte Russe
Coach
Crate & Barrel
Dick’s Sporting Goods
Dillard’s
Disney Store
Escada
Bicycle Haus
5th Avenue Trading Post
Affordable Elegance
Pandora
Papyrus
Prada
Salvatore Ferragamo
Sephora
Shoe Palace
Steve Madden
Stuart Weitzman
Swarovski
Talbots
Tesla Motors
The Limited
Tiffany & Co
Tommy Bahama
Tory Burch
Trendy Pet
Victoria’s Secret
White House Black Market
Williams-Sonoma
Windsor
Z Gallerie
Connie’s Pet Styles
The Poisoned Pen Bookstore
Scottsdale Bead Supply
Tudor Custom Furniture
Kokopelli Gifts
Foot Locker
Forever 21
Fossil
GAP
Godiva Chocolatier
Gucci
Guess
H&M
J. Crew
Jimmy Choo
Just Sports
Kate Spade
LaCoste
Loft
Luis Vuitton
Lucky Brand
Macy’s
MaxMara
Michael Kors
Microsoft
Neiman Marcus
Nordstrom
Oakley
Old Town Candy & Toys
Mercedes Benz of Scottsdale
CMS Wine Brokerage
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W A T E R V I E W S C O T T S D A L E
AREA DINING
WITHIN A 1-MILE RADIUS
Diego Pops
Chipotle
Fired Pie
Five Guys Burgers
Johnny Rockets
Kona Grill
Panda Express
Paradise Bakery
Pita Jungle
Shake Shack
Thirsty Lion
Z Tejas
Charley’s Philly Steaks
Yard House
Culinary Dropout
P.F. Chang’s
Wildfish Seafood Grille
Zoes Kitchen
Sauce Pizza & Wine
Olive & Ivy
The Herb Box
Barrio Queen
Tapas Papa Frita
Cowboy Ciao
Original ChopShop
FnB Restaurant
The Montauk
Breakfast Club
Franco’s Italian Caffe
Kelly’s at Southbridge
Salty Señorita
Grimaldi’s Pizzeria
Tapas Restaurant
Touch of Thai
Flamma Trattoria Restaurant
Lunch Express
Los Olivos Mexican Patio
Buca Di Beppo
Posh
Sugar Bowl Ice Cream Parlor
Roaring Fork
Pink Pony Restaurant
Loco Patron
Carlsbad Tavern
The Blue Moose
Stingray
Old Town Tortilla Factory
Eddie’s House
Bravo Bistro
Kyoto Japanese Restaurant
The Italian Grotto
Brat Haus
U.S. Egg
Pasta Brioni
Frank & Lupe’s
Philadelphia Sandwich Company
The Orange Table
El Molino Mexican Restaurant
RnR
Gelato Spot
Tommy V’s Urban Kitchen
A Jewel of the Crown Cuisine of India
Park Place Bar and Grill
Kona Sushi
Grazie Pizzeria
Sprinkles Cupcakes
Suh Noi Little Thaiger
The Mission
Big B’s Hangover Gill
Native New Yorker
Merci French Cafe
Urban Table
Rehab Burger Therapy
Native New Yorker
Virtu Honest Craft
Cafe Forte
Bandera
Citizen Public House
Cafe Monarch
Daily Dose
Hula’s Modern Tiki
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W A T E R V I E W S C O T T S D A L E
AREA NIGHTLIFE
WITHIN A 1-MILE RADIUS
AREA ARTS • ENTERTAINMENT • RECREATION
AZ 88
Giligins Bar
Rusty Spur Saloon
DJ’s of Scottsdale
The Casablanca Lounge
The Brush Bar
Forbidden
The Mint Ultra Lounge
Pattie’s First Ave Lounge
Coach House Tavern
V95 Wine Lounge
Two Brothers Tap House & Brewery
Badwater Brewing
Side-Door
Mabels on Main
Fate Brewing Company
Cake Nightclub
Closing Soon Saloon
Hiney Brewery
Bottled Blonde
Dierks Bentley’s Whiskey Row
Majerle’s Sports Grill
Maya Day and Night Club
The W Hotel
Smashboxx Night Club
Blur Nightclub
Second Story Liquor Bar
Drift Lounge
Desert Stages Theater
Green Zebra Adventures
American Fine Art Gallery
Stagebrush Theater
Harkins Camelview Theater
Scottsdale Historical Museum
Scottsdale Artists’ School
Trailside Galleries
Scottsdale Community Players
Comedy Spot Comedy Club
Stand-Up Scottsdale Comedy
Expressions in Bronze Gallery
VH Spa
Scottsdale Regency Club
Open Range Gallery
King Galleries of Scottsdale
Arto of Merlot
Indian School Park Tennis Center
Tilt Gallery
The Escape Room
Durapulse Performance Company
Mystique Fine Art
Lang Fitness
Arizona Tennis Association
Casa De Artistas
Scottsdale Museum of the West
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RENDERING - RESIDENTIAL LOBBY VIEW AND CANAL BEYOND
THE BEST ENTITLED MULTIFAMILY DEVELOPMENT OPPORTUNITY AVAILABLE IN ARIZONA
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AREA EMPLOYMENT
W A T E R V I E W S C O T T S D A L E
Company # of Employees
Salt River Pima Maricopa Indian Community 5,383
Honorhealth 4,475
General Dynamics Mission Systems 3,000
CVS Pharmacy 2,800
Scottsdale Insurance Company 1,800
McKesson Corporation 1,350
Yelp.com 801
Camelback Inn Association 631
The Phoenician Resort 617
Nordstrom 560
Hyatt Regency Scottsdale Resort 495
First Health Group 469
Topgolf USA 450
Blood Systems 422
Montelucia Resort and Spa 358
Downtown Scottsdale Major EmployersFrom The Galleria, Scottsdale’s “high-tech” hub, to SkySong, the ASU Scottsdale Innovation Center, employers have made Downtown Scottsdale their go-to address for doing business. Downtown Scottsdale is the city’s second largest employment center. Its vital urban environment continues to attract companies looking for the best live-work-play environment.
In December 2013 Mercedes Benz opened a three-story, 115,000-square-foot dealership at Scottsdale Road and Highland Avenue. The dealership moved to Downtown Scottsdale after 45 years in Phoenix explaining that the move was to locate closer to their customers.
270EXISTING OFFICEBUILDINGS
3,724,299EXISTING OFFICESQUARE FEET
WITHIN A 1-MILE RADIUS
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DOWNTOWN SCOTTSDALE URBAN LIFESTYLE
W A T E R V I E W S C O T T S D A L E
The SCOTTSDALE TROLLEY runs every 10 minutes, 11:00 a.m. to 9:00 p.m., 7 days a week, providing free rides all around Downtown Scottsdale.
13,991RESIDENTS WITHINWALKING DISTANCE
91WALK SCOREWALKER’S PARADISE
53TRANSIT SCOREGOOD TRANSIT
Downtown Scottsdale features a mix of walkable areas, including a waterfront promenade line with apartments and condominiums, office spaces and restaurants. The area includes western-themed shopping, art galleries, museums, Scottsdale Fashion Square mall and a vibrant nightlife district.
CAMELBACK MOUNTAIN
SCOTTSDALEFASHION CENTER
SCOTTSDALEWATERFRONT
OPTIMA SONORAN VILLAGE CONDOS
SAFARI DRIVECONDOS
W HOTEL
DOWNTOWN SCOTTSDALEENTERTAINMENT DISTRICT
GALLERIACORPORATE CENTER
OLD TOWNSCOTTSDALE
OPTIMA CAMELVIEWVILLAGE CONDOS
FIRESKY RESORT & SPA
PORTALESFINANCIAL CENTER
PHOENICIAN RESORT& GOLF COURSE
CAMELBACKCORRIDOR
MIDTOWN PHOENIXDOWNTOWN PHOENIX
PLANNED5 STAR HOTEL
SAGESCOTTSDALE
CAMELBACK ROADSCOTTSDALE ROAD
HIGHLA
ND AVENUE
CHAPARRAL ROAD
PHOENIX SKY HARBOR INTERNATIONAL AIRPORT
PAPAGO PARK
ARCADIA
W A T E R V I E W S C O T T S D A L ETHE BEST ENTITLED MULTIFAMILY DEVELOPMENT OPPORTUNITY AVAILABLE IN ARIZONA
MCKE L LI PS RD
MESA COUN TRY C LU B
MCC
LINT
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DRCAMEL BACKCOR R IDO R
SH EA BLV D
DOUB LE TR E E R AN CH R D
LI NCOL N DR
MCDON AL D DR
IN DI AN SCH OOL RD
THOM A S R D
MCDOWE L L R D
VA N B URE N ST
CU RRY R D
BR OA DWAY RD
SOUT HE R N AVE
PHOE N IXMOUN TA I NSPRE S ER VE
CA ME L BA CKMOUN TA I N
7TH
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CAMEL BACK GOL F COUR SE
MCCORMI CK RANC H GC PAL M COUR SE
GAI NEY R ANCH GOL F COUR SE
SCOTT SDALECOUN T RY CLUB
ORAN GE T R EE GOL F COUR SE
AR I ZO NA BI LT MOR E GOL F COUR SE
AR I ZO NACOUN T RY
CLUB
PHOEN IC IAN GOL F COUR SE
DOWN TOW NSCOT TSDA L E
AR MY NAT I ONAL GUAR D
PA PA G O PA R K
ROL LIN G HIL LS GOL F COUR SE
PHOEN IX ZOO
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ASU K ARST EN GOL F COUR SE
TEMPEMAR K ETP LACE
PHOEN IXCOUN T RY CLUB
ENCAN TO NI NE GOL F COUR SE
PHOEN IX COLL EGE
PHOE N IX S KY HA R BOR I N TL A I R PORT
MIL L AVENU E D ISTR ICT
BE THA N Y HOME R D
DOWN TOW NPH OEN IX
PARADI SE VALL EY COUN TR Y CLUB
19TH
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27TH
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GL E NDA L E AV E
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DUNL A P AVE
PEOR I A A VE
MET R OCEN TER
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35TH
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43RD
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SCOTT SDALE CO MMU NI TY COLL EGE
TALK I NG ST I CK GOL F CLUB
SALT R IV ER F IE LDS AT TALK IN G ST ICK
TH E PAVI LI ONS AT TALK IN G ST I CK
Cushman & Wakefield Copyright © 2016. The information contained herein was lawfully obtained from sources we consider reliable. Cushman & Wakefield is not responsible and expressly disclaims all liability for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
For more information please contact:
David Fogler+1 602 224 4443 [email protected]
Steven Nicoluzakis+1 602 224 4429 [email protected]
SCOTTSDALE
FOUNTAINHILLS
PARADISE VALLEY
PHOENIXSKY HARBOR
AIRPORT
PHOENIX
TOLLESONGOODYEAR
AVONDALE
SURPRISE
GLENDALE
SUNCITY
GILBERT
QUEENCREEK
CHANDLER
TEMPE
PEORIA
MESA
A Premier 240-Unit Fully Entitled Multifamily Development SiteEAST OF THE NORTHEAST CORNER OF SCOTTSDALE ROAD & CAMELBACK ROAD | SCOTTSDALE, ARIZONA
WaterView
04.14.2016 0.06VIEW RESIDENTIAL LOOKING NORTH DOWN 73RD STREET