New Urban Residences Proposed for Downtown Scottsdale

The Arizona Republic recently reported that a Dallas based developer is proposing building 369 apartments in downtown Scottsdale, located immediately northwest of Optima Camelview Village, to be called Portales Apartments.

The plan had been to build 126 high rise condos, to be named Portales Place, on the site but that failed with the real estate bust.

Although I would have loved to have seen more condominiums in the area the market just won’t support them at this time.  Given that, I’m all for increased density even if apartments.  Couple Portales Apartments with approximately 700 apartments planned forBlue Sky Project, the vacant lot immediately west of Safari Drive, and we’re looking at approximately 1300 new residents to the area.  I love it!

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5 Comments so far (Add 1 more)

  1. The best way to rate condominiums in terms of the most expensive are not by the sale price, but rather the price per square foot, which is emphasized here. This being because these condos, if sold, will be the most expensive condominiums in the valley, on a per square foot basis. Thanks.

    1. Chandler Real Estate on March 3rd, 2012 at 1:45 am

  2. The Arizona Republic recently reported that a Dallas based developer is proposing building three six nine apartments in downtown Scottsdale, located immediately northwest of Optima Camelview Village, to be called Portales Apartments. Thanks.

    2. Winfield Estate on March 2nd, 2012 at 9:42 pm

  3. This is great news. I cannot wait until they are built. I am bummed there will not be condos there now, but glad to see the space not be left empty.

    3. Trella Fritz on February 29th, 2012 at 2:57 pm

  4. I agree with Dave, to build more houses than remaining it vacant so more investors come and hunt buyers.

    4. cagayan de oro house on November 27th, 2011 at 9:46 pm

  5. It is tough to see development of private homes slow down so much but I agree that it is far better to build much-needed housing than to allow the site to remain vacant and provide fewer housing options. Like it or not, renting appears to be here to stay.

    5. Dave Kinkade on November 18th, 2011 at 8:33 pm

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