Saturday, August 18, 2012

Apartments, retail round out Scottsdale Waterfront

The final phases of the Scottsdale Waterfront will include 259 apartment units and 10,000 square feet of retail/restaurant space encompassing all of the land between Marshall Way and Goldwater Boulevard.

Alliance Residential Holdings recently submitted its site plan for Broadstone Waterfront to the Scottsdale Current Planning Department. The Planning Commission is tentatively scheduled to consider the proposal at its Aug. 8 meeting.

The Waterfront project is expected to be under construction in the fourth quarter.

The request does not include a rezoning, said Dan Symer, senior city planner. In May 2011, the City Council approved amended development standards needed to plan the final phases of the project.

Symer said the units will be apartments.

"They submitted a site plan to demonstrate compliance with their stipulations," he said. "It's just locking down the site plan. We didn't have anything on the site before and now we know where the building is going to be and where the open space is going to be."

The two parcels where the complex will be built total 3.35 acres. The project was approved with an allowable residential-unit count of 259 and 10,000 square feet of restaurant/retail for a total building area of 398,000 square feet. However, the site plan includes a total building area of about 300,000 square feet.

The site plan includes a single building that wraps around a center courtyard, with restaurant and retail located along Marshall. The building height along Marshall will vary from 48 to 65 feet.

The building height along Goldwater will vary from 38 to 50 feet, and more than 50 percent of the building will be three and four stories.

The site plan also includes a two-story fitness center and first-floor residential along the Arizona Canal.

According to the request, Broadstone Waterfront will be a "vibrant mixed-use project with luxury multifamily residential with retail/restaurant uses constructed over an underground parking structure that will complete the Scottsdale Waterfront."

The site will consist of more than 53 percent open space. The two-level, underground parking garage will include 425 spaces.

The site plan will go before the Development Review Board and Planning Commission, and then will be considered by the City Council.

Alliance Residential Holdings also is developing Broadstone on Lincoln, a 264-unit apartment complex northwest of Scottsdale Road and Lincoln Drive.

Broadstone Waterfront and Broadstone on Lincoln are among 18 apartment projects that would add about 5,700 apartments citywide.

Ian Swiergol, Alliance Residential's managing director, couldn't be reached for comment.

by Edward Gately - Jul. 16, 2012 The Republic |

Apartments, retail round out Scottsdale Waterfront

Real Estate News

HootSuite - Social Media Dashboard