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Hanover at Downtown Scottsdale
by Triyar LLC

Location:  6935 N. 5th Avenue. Northwest of Goldwater Boulevard and Indian School Road.

Description:  major downtown Scottsdale developer, Triyar, wants to raze an aging hotel, coffee shop and office complex to build a new high-rise condominium and retail project.  Triyar has submitted plans to the city to build the Hanover mixed-use project northwest of Goldwater Boulevard and Indian School Road.

The plan includes 247 condo units, 23,800 square feet of retail space and 618 parking stalls.

The building height will be up to 65 feet, according to the pre-application submittal, although no conceptual drawings were presented with the plan. Scottsdale allows up to 65 feet for a condominium project under its current downtown zoning.

The target date to begin construction is March 2008.

Triyar partners Steven and Shawn Yari and Bob Agahi are also developing the W Hotel on Camelback Road, east of Scottsdale Road and have bought eight acres east of the hotel. Earlier this year, it was announced Triyar was teaming up with former Phoenix Suns star Dan Majerle to build a trendy bowling alley — Split Lanes and Lounge — next to the hotel.

Triyar is also involved in Tempe’s University Square project that will replace The Arches along University Drive, east of Mill Avenue, with high-rise condos, offices and a hotel.

Triyar must still submit a formal application for Hanover before the rezoning request is ultimately reviewed by the City Council.

Price Range: Unknown


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REMAX Excalibur Realty, Will Daly (Realtor) specializes in Lofts, High Rise, Brownstones, Row Houses located in Phoenix, Scottsdale, Tempe, Chandler, and Mesa.    Equal Opportunity, MLS, Realtor, High Rise Lofts in Phoenix, Scottsdale, Tempe.
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