Stockdale Capital Partners Looks to Move Forward on Old Town Scottsdale Development

Article originally posted on Phoenix Business Journal on July 19, 2023

New documents have been submitted for high-end restaurants, retail and residential on a prominent corner of Scottsdale. Earlier this month, Stockdale Capital Partners filed plans for “Scottsdale City Center,” which is phase two of a mixed-use development in Old Town Scottsdale. This latest phase, proposed on more than 3 acres on the southeast corner of Scottsdale and Camelback roads, could include more than 31,000 square feet of restaurant and retail space; an open plaza; and more than 270 residential units in a 435,000-square-foot building.

Boyce O’Brien, the director of development for Los Angeles-based Stockdale, told the Business Journal that the firm will follow market dynamics to determine whether those residential units will be for-rent apartments or condominiums for sale. The residential tower would be 12 stories tall and include a pool deck, according to project’s design narrative.

“It’s the Main and Main in Scottsdale,” O’Brien said of that high-profile corner in Scottsdale. “We’re very excited to be embracing the intersection, with an about a half acre plaza, that’s grounded in a significant public art.”

Stockdale partnered with South African artist Daniel Popper to work on the project, O’Brien said. The Maya Hotel, a 12-story, 164-key hotel that connects to the existing Maya Day and Nightclub, is part of the first phase of the development. O’Brien expects the hotel to be completed by the first quarter of 2024. For the second phase, O’Brien said Stockdale is starting to put together construction documents and will go in front of Scottsdale’s design review board for approval for materials, colors and aesthetic of the buildings.

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