The Parque developers formulate next Scottsdale mixed-use project

Article originally posted on Phoenix Business Journal on June 23, 2025

5th and Goldwater (Indian School & Goldwater)

The Valley developer behind the redevelopment of the CrackerJax amusement park is planning a five-acre infill project in Old Town Scottsdale.

The Scottsdale mixed-use project is called 5th & Goldwater and will feature a five-story multifamily residential building with 232 units and approximately 32,000 square feet of ground level retail, according to Scottsdale city documents.

The developer behind the project is Scottsdale-based FalconEye Ventures. It’s founder and CrowdStrike CEO Gorge Kurtz, along with known business partner David Megdal, are also working together on a billion dollar mixed-use project in Scottsdale called The Parque, at the former CrackerJax site. FalconEye Ventures submitted site plans for the first phase of that sprawling 30-acre project back in March.

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