Wave Pool in Scottsdale
 

https://surgenights.com/restaurant/a...oon-wave-pool/

https://monsoonlagoonaz.com

I'm usually fairly uninterested in these type of big waterpark proposals, but this one actually looks pretty cool. Looks like the guy behind it is like an assistant baseball coach at Highland high school? so I don't know how likely this is to happen. But if it did, it would add to the growing number of those types of big, semi-touristy destination recreation venues in Scottsdale.

These web pages are vague and a little weird. There's no specific location listed, a lot of stock photos, and trying-too-hard verbiage like this: "It’s no secret that Arizona is on a multi-cultural come up." (whatever that means).

Is this for real in terms of land acquired and permits issued?

I thought the same thing, because everyone knows about that extremely diverse surfing world of 99% white beach bro's

Ya, the whole thing sounds fake.

The first article says "Instead of a 3.5 hour drive to Mexico, you’ll be able to just drive to Scottsdale just off the 10 Freeway"....uhhh, what?

I actually like the concept but Id be less skeptical if there was already a couple of locations in like Texas or something.

For sure seems like a great fit for the Salt River entertainment area. Hopefully it is a real thing, an 11 acre massive wavepool would be cool.

That sounds like something a 23 year old girl would write as an instagram caption for a photo of her drinking wine at Arizona Wilderness. :shrug:

You guys are killing it with the commentary. :tup:

I suppose they listed it as off the 10 because the 10 is known throughout the South but Loop 101 is not.

The project seems sketchy as hell, tho, I've gone surfing and it doesn't take 11 acres to accommodate the number of surfers they're talking about, at least on beginner areas. It wouldn't make any sense for them to have one giant pool--the trope of a surfer beneath the waves is well beyond the capabilities of most people into the sport.

Mayo Expansion
 

The second tower crane for the Mayo campus expansion is going up today. I’d have snapped some pics but was driving at the time. 6 cranes up in the NE valley by end of day today. (2 @Mayo, 2@Optima Kierland, 2@Scottsdale Grand)

Arizona's state bird is the crane

Will be getting two to 3 more with LMC Kierland and Related Groups project too! :cheers:

A little more on the "Akimel 7" proposed development which now would supposedly total up to $4 billion to develop. The article states that water supply lines have already begun and "vertical" construction will commence by the end of this year. I guess we will see how real this is. Still don't know what that big green circle is for.

https://www.enr.com/articles/48781-a...s-4b-price-tag

Looks like old models of Disney World concepts.

Maybe that big green circle is the 11 acre wave pool

:haha: Could be!

That is exactly what the second picture on the left had sides water area in that article looks like.

Papago plaza has been fully razed and they are working on grading the site next. The retail along Scottsdale should go up pretty quick! Excited for this development.

Entrada Begins Demo
 

https://www.bizjournals.com/phoenix/...Y0lRUT09In0%3D

Construction has begun on the redevelopment of the 33-acre Scottsdale Entrada, which is planned to be a mixed-use development with office, apartments, retail and open space.

In December, California-based Banyan Residential, the owner of the project, closed on the land at 64th Street and McDowell Road for $38 million. Plans for the site include 250,000 square feet of office space, 736 apartment units and 5,000 square feet of retail on the vacant former Scottsdale Auto Park site.

All portions of the project are beginning construction at the same time. The office portion of the project is scheduled to be completed by the third quarter of 2021, followed by the first apartments in 2022.

Banyan purchased the property using money from an opportunity fund, which is used to reinvest capital gains into developments in qualified “opportunity zones.”

Opportunity zones were created through the Tax Cuts and Jobs Act and allow investors to invest capital gains realized from a sale of property, stock or business in order to defer paying taxes. The money must be invested within 180 days of a sale for it to be eligible for the deferred taxes. The money can be invested two ways: in real estate or in operating companies within designated opportunity zones. The development will be done in compliance with the program.

The development is fully speculative, according to Tom Adelson, a broker from Newmark Knight Frank who brokered the sale of the property.

Todd & Associates and SmithGroup have worked to design the project.

“Backed by a first-class design team and the support of a stellar equity partner in Bridge Investment Group, we have developed a truly unique mixed-use plan for a very special property... in need of timely renovation,” Ben Brosseau, founder of Banyan Residential, said in a statement.

“Creating desirable living and work space requires design planning with a focus on the end user experience,” Max Friedman, a partner at Banyan Residential, said in a statement. “The Entrada property offered us the rare opportunity to program a large parcel with a blank slate, allowing us greater flexibility to integrate open space, foster connectivity between uses, and create points of interest throughout the site.”

Mike Garlick and Jimmy Hoselton of Newmark Knight Frank will be in charge of leasing the office portion of the property.

^ renderings look nice: https://www.loopnet.com/Listing/6420...e-AZ/17461379/

This one has been a real slow burner. Glad its moving.

If this is project is still moving with the current pandemic, this is a positive note that other developments may still move in the Phoenix area.