SkySong spurs $100M Los Arcos Project in S Scottsdale
Hello!
More great news for South Scottsdale, as reported by www.azcentral.com - a developer is preparing to spend up to $100 million transforming the strip center adjacent to the high-tech SkySong project, revitalizing Los Arcos Crossing!
Phoenix-based PDG America, in partnership with Trillium Residential, wants to bring apartments, shops, restaurants and a remodeled Bashas' supermarket to the 23-acre center southeast of McDowell Road and 74th Street.
The strip center is east of Skysong, the ASU Scottsdale Innovation Center under construction at McDowell and Scottsdale roads.
"The promise of SkySong is spreading," Sodja said. "Once our project comes online, you've got a total of almost $300 million invested in this intersection. And it will spread."
PDG hopes to build 400 to 450 luxury apartments on the site, with an average rent of about $1,200 a month.
Trillium is considering lofts and live/work units as well as studios and more traditional apartments, a representative said. The apartments will have underground parking.
Plans also call for a 1-acre park.
Residents at Wednesday's meeting were largely enthusiastic about the project, which backers say would remake a struggling shopping center into a glittering urban playground.
The existing Bashas' will be razed and replaced with a gleaming 48,000-square-foot facility, Sodja said. He said the apartments would help support the Bashas', which has struggled at its current location.
You can read the full article on our "SOUTH SCOTTSDALE" page, via a link!
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Adam Tarr, e-PRO
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