Jerry Colangelo leads plans for Biltmore-area condo project on Camelback Article originally posted on AZ Central on May 28, 2025 Jerry Colangelo’s JDM Partners is planning to redevelop its Biltmore area office into a high-end condominium development that will include a new restaurant. According to plans submitted to the city, the development, called 2400 Biltmore, will include up to 203 for-sale luxury condo units, ranging from one to four bedrooms, with an average size of more than 2,000 square feet per unit. The project will include razing three office buildings on the site, which have served as JDM’s headquarters at 24th Street and Arizona Biltmore Circle. “We have always felt that the acreage was underutilized,” Colangelo said of the 6.2-acre site in the coveted Camelback Corridor that the company has owned for more than two decades. “It had much more of a future for what it could be.” The group had considered redeveloping the site as a large corporate campus and had been planning to go ahead with it before the COVID-19 pandemic. But the pandemic shifted office use patterns and made a large office development much less desirable, so the group instead looked at building housing on the site. “We thought the best use of the property was not to end up with an apartment building, but to end up with a for-sale, but very high-class, product,” he said. “The Arizona Biltmore demands these top-of-the-market kinds of projects.” Colangelo said the location couldn’t be better, near both the Wrigley Mansion and the Arizona Biltmore, with easy access to Scottsdale and the Camelback Corridor. The condo development will have about 11,000 square feet of office space where JDM Partners will put its new headquarters once the project is complete. “It has been a great home for us,” Colangelo said of the office that will be demolished during construction. “We have done a lot of business there.” JDM Partners has been involved in some of the largest real estate transactions in Arizona history, including the purchase of Marina Heights in Tempe and the sale of the former Douglas Ranch, now Teravalis, in Buckeye. Nick Wood, zoning attorney for the project, said the development team began meeting with neighbors and local organizations late last year, and so far has had “very positive” responses from people in the area, where very little new housing has been developed in the last decade. The new development will bring a “sense of arrival” to the prominent corner, Wood said. Colangelo said people have told him they are looking forward to a new restaurant on the corner that will come with the condo project. JDM Partners could operate the restaurant or partner with a restaurateur for it, but has not yet finalized a plan, he said.