Billion-Dollar CrackerJax Redevelopment Project Gets Approval

Article originally posted on Phoenix Business Journal on September 28, 2023

The next billion-dollar development project in north Scottsdale took another step toward reality on Wednesday.

A rezoning for The Parque — a mixed-use development at the site of the former CrackerJax amusement park — was recommended for approval on Sept. 27 by the Scottsdale Planning Commission in a 6-0 vote.

Proposed for The Parque are more than 1,200 residential units including multifamily, condominiums and workforce housing; a 100,000-square-foot Class A office building; nearly 35,000 square feet for new restaurants; more than 25,000 square feet for additional retail; a 223-key, five-star branded hotel; and 92,500 square feet of flexible space. A hotel-branded condominium would be the tallest of the 12 possible buildings at The Parque at 119 feet.

Read the complete article here: https://www.bizjournals.com/phoenix/news/2023/09/28/george-kurtz-backed-redevelop-crackerjax-planning.html