Chicago Firm starts Work on Scottsdale Luxury Condos, 7 other Real Estate Deals to Know

A rendering of Portico, a 112-unit luxury condominium community Belgravia Group is building northeast of Scottsdale Road and Loop 101 in north Scottsdale.

BELGRAVIA GROUP

Chicago-based Belgravia Group Ltd. has broken ground on a $100 million luxury condominium project in north Scottsdale.

With nearly 50% of the project already sold, initial deliveries are expected in late summer 2024 for the private gated community, called Portico – North Scottsdale, located within DMB’s One Scottsdale master-planned development slated to include up to 2.8 million square feet of retail and office space, 2,000 residential units and 400 hotel rooms.

Designed by KTGY, Portico homes are priced from the $900,000s to $2 million, offering up to 2,768 square feet of indoor living space along with private terraces.

Community amenities include an upscale clubhouse, outdoor pool and spa and fitness center.

Cambridge Properties is the brokerage leading the sales for Portico.

• Dallas-based StreetLights Residential has opened its first apartment community in Gilbert.