Posted Nov 14, 2023, 6:18 PM
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Join Date: Jan 2013
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Team behind $1B CrackerJax redevelopment to move forward 'as soon as we can'
Project was green lit by the City Council
https://www.bizjournals.com/phoenix/...e-council.html
Quote:
In front of a standing-room-only audience, Scottsdale City Council on Nov. 13 gave the thumbs up to one of the city's most ambitious redevelopment projects.
On a 5-2 vote, Council adopted an ordinance and two resolutions that will make way for The Parque — a $1 billion-plus mixed-use development that would include multifamily; retail and restaurants; a five-star hotel; a Class A office building; an open space gathering area and more.
The more than 30-acre site was previously home to the former CrackerJax amusement park, which sits on a prime redevelopment tract in North Scottsdale. The project will join a wave of billion-dollar developments in that part of Scottsdale — already one of the most affluent areas of the Valley.
Specific plans for The Parque include 1,182 dwelling units across apartment buildings, workforce housing and hotel-branded condominiums; a 223-key 5-star hotel; a 150,000-square-foot office building; more than 25,000 square feet for retail and nearly 35,000 square feet for restaurants.
In total, more than 2 million square feet are planned for the development. The 12 buildings planned for the site will range in height between one to 10 stories; the tallest of which is 117 feet.
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