Old Town Remains King

Article originally posted on Phoenix Business Journal on April 5, 2021

All eyes remain on Old Town as a prime employment and redevelopment area in Scottsdale, even as other parts of the city, including the Scottsdale Airpark and the McDowell Road Corridor, emerge as heavy-hitters for attracting new development.

Stockdale Capital Partners, led by Managing Principal Shawn Yari, has spent years buying up property in Old Town, aiming for a landmark redevelopment project. Last December, Scottsdale City Council approved plans for the Scottsdale Collection, Yari’s bold project at the southeast corner of Scottsdale and Camelback roads.

In total, plans call for the project to include 580,451 square feet of commercial space and 512 units of residential. The site is adjacent to where Stockdale is already developing the Marquee office building at Scottsdale Road and Shoeman Lane.

“I really think in the western United States, there aren’t four better intersections than the corner of Scottsdale road and Camelback,” Yari said in a recent panel discussion on economic development in Scottsdale hosted by the Phoenix Business Journal. “Those are two iconic streets, and they cross in the corner of Main and Main. For us to be blessed to have the opportunity to acquire properties and envision great development, and then execute is a generational opportunity.”

Find the Complete Article Here: https://www.bizjournals.com/phoenix/news/2021/04/02/old-town-scottsdale-king-other-corridors-attention.html

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