Denver Developer Buys Vacant Parcel at $1B North Scottsdale

Article originally posted on Phoenix Business Journal on September 20, 2023

DMB Associates Inc. has sold a 3.21-acre parcel at its $1 billion mixed-use development in north Scottsdale.

Denver-based Grand Peaks plopped down $22.75 million in cash for the parcel at One Scottsdale, according to Tempe-based Vizzda LLC real estate database.

According to Vizzda, Grand Peaks plans to build one five-story building totaling 280 apartment units, with a 6.5-story wrapped parking garage totaling 459 parking spaces northeast of the corner of Scottsdale Road and Loop 101.

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