Team Behind $1B CrackerJax Redevelopment to Move Forward ‘As Soon As We Can’ After Approval

Article originally posted on Phoenix Business Journal on November 14, 2023

In front of a standing-room-only audience, Scottsdale City Council on Nov. 13 gave the thumbs up to one of the city’s most ambitious redevelopment projects.

On a 5-2 vote, Council adopted an ordinance and two resolutions that will make way for The Parque — a $1 billion-plus mixed-use development that would include multifamily; retail and restaurants; a five-star hotel; a Class A office building; an open space gathering area and more.

The more than 30-acre site was previously home to the former CrackerJax amusement park, which sits on a prime redevelopment tract in North Scottsdale. The project will join a wave of billion-dollar developments in that part of Scottsdale — already one of the most affluent areas of the Valley.