Hey everyone! As you can see, we’ve been super active here on LUXE BLOG. We’ve been dishing out quality updates like our recent Paradise Valley and Scottsdale real estate market updates. Today, we have development news. On September 27th. 2023, The Parque received a 6-0 vote for a recommendation of approval by the Scottsdale Planning Commission.
The Parque, a mixed-use development, received its first approval. This project is proposed for the site where CrackerJax amusement park used to be.
The momentum is palpable, and the commission’s unanimous vote is a strong indicator of the project’s potential.
This isn’t just any development; it’s a massive project with a variety of components aimed to redefine Scottsdale.
This development is set to become a hub of activity. Additionally, just north of here is where all of the action is going on with the upcoming Optima McDowell Mountain Village project. As well as the One Scottsdale masterplan by DMB. The masterplan calls for 2.8 million square feet of retail and office space. As well as up to 2,000 residential units, and 400 hotel rooms. This is where the development of Portico by Belgravia Group is located. Basically, the entire area is LOADED with growth.
One of the standout features of The Parque is its open space that will serve as the development’s heart.
Imagine a green space right in the middle of this bustling development—a place to breathe, relax, and enjoy the surroundings.
Of course, projects like these don’t just happen. They require visionaries.
These individuals and firms bring a wealth of experience and are committed to creating a transformative space.
The Parque has prime real estate neighbors, amplifying its appeal.
It’s an area that’s already rich in development, and The Parque aims to elevate it even further.
The site where The Parque is proposed has seen its share of speculative plans.
It’s a reminder that while plans may be grand, their execution is not guaranteed.
So there you have it. The Parque has made it through the first round of approvals. It will be interesting to see if the city of Scottsdale allows this project to become a reality. As always, we’ll keep you updated on developments as they unfold. Stay tuned for more updates on LUXE BLOG!